• 13 days on site
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Rare opportunity to acquire a 14-unit multifamily portfolio on Butternut Street in Syracuse, NY, consisting of four separate buildings including a 6-unit apartment building, 5-unit apartment building, duplex, and single-family residence. This package offers investors immediate scale in a concentrated location while providing substantial upside through future rent increases and value-add opportunities. The portfolio has been strategically managed, with four units intentionally left vacant to allow prospective buyers easy access for inspections and showings while also creating the opportunity to place tenants at current market rents immediately after acquisition. Existing occupancy provides in-place cash flow, while the vacant units offer a clear path to increased revenue. Ownership has maintained compliance where applicable, with 1104 Butternut Street and 1106 Butternut Street holding current Certificates of Compliance, and 1102 Butternut Street maintaining a rental registry. The portfolio’s close proximity of assets creates operational efficiencies for management, maintenance, and leasing. Whether you’re looking to expand an existing Syracuse portfolio or establish a larger presence in one acquisition, this offering delivers a combination of current income, rental upside, and strong long-term return potential. Opportunities to acquire 14 units across four neighboring assets in a single transaction are increasingly rare. Properties included: S1690849- 1102 Butternut St, Syracuse NY 13208 S1690839- 1104 Butternut St, Syracuse, NY 13208 (14 total units across four buildings). Portfolio must be sold as a package.

Source: New York Alliance, MLS#: S1690829

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  • Property Type
    Residential Income
  • Lot
    0.23 acres

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Ryan O'Mara
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  • Median Age
    35
  • Population Density
    5,405
  • College Educated
    27%
  • Estimated Median Income
    $40,515
  • Estimated Total Home Owners
    3,847
  • Estimated Total Renters
    4,656
  • Owner / Renter Divide
    45% / 55%
  • Estimated Average Household Size
    3
  • Total Population
    22,560
  • Community data courtesy of LiveBy, Inc.

Owning this Home

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* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.