406 Park Avenue
Syracuse, NY 13204
5
Bed
0
Bath
4,655Sqft
0.21Acre(Lot)
Investment Opportunity! This 5-unit apartment building offers an excellent opportunity for investors seeking immediate rental income with room to add value over time. The property features five spacious 1 bedroom apartments, each with hardwood floors, and is occupied by long-term tenants, providing steady cash flow from day one. Conveniently located in a desirable area with easy access to major highways, public transportation, shopping, and everyday amenities, this property continues to attract and retain tenants. Major infrastructure improvements have already been completed, including a new sewer line and new water line, reducing future maintenance concerns. While there is opportunity for cosmetic updates and continued improvements, the property is already producing income, making
Property Details
Map
Map
What's Nearby
Nearby Areas
Features
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Bedroom Information
Total beds: 5Room Information
Has Basement: Yes Basement: Full, Walk-Out Access, Sump Pump -
Flooring Information
Hardwood, Laminate, Varies -
Roofing Information
Asphalt -
Interior Features
Ceiling Fan(s) Roof: Asphalt Appliances: Electric Cooktop, Gas Oven, Gas Range, Gas Water Heater, Refrigerator Laundry Features: Common Area -
Heating & Cooling
Has Heating: Yes Heating: Other, See Remarks, Hot Water Has Cooling: Yes Cooling: Ceiling Fan(s)
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Building Information
Year Built: 1940 Building Area Total: 4655 Construction Materials: Attic/Crawl Hatchway(s) Insulated, Block, Concrete Stories: 3 Private Pool: No
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Lot Information
Lot Dimensions: 90X100 Main Square Feet: 0.2066 Acres Lot Size Acres: 0.2066 Lot Size Square Feet: 9000 Lot Description: Corner Lot, Rectangular LotProperty Information
Subdivision: Smiley Source Property Type: Residential Income Property Age: 86
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Listing Price Information
Listing Price: $350000 Cash, Conventional
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Tax Information
Parcel Number: 311500-106-000-0010-025-000-0000 Tax Lot: 25 Annual Tax: $6051
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Virtual Tour
Parking Information
No Garage
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Utility Information
Electricity Connected, Sewer Connected, Water Connected -
Location Information
Direction: Geddes Street to Park Ave Corner WaterSource: Public
How much is this property worth?
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Nearby Home Value
| Address | Estimate | Bed | Bath | Sq. Ft | Lot Size |
|---|---|---|---|---|---|
| 729 Otisco Street, Syracuse, NY, 13204 | $199,900 | 4 | 2 | 1,938 | 1,938 SqFt |
| 1211 S Geddes Street, Syracuse, NY, 13204 | $89,500 | 3 | 1 | 1,124 | 1,124 SqFt |
| 1205 S Geddes Street, Syracuse, NY, 13204 | $249,000 | 8 | 4 | 7,402 | 7,402 SqFt |
| 1112 S Geddes Street, Syracuse, NY, 13204 | $248,000 | 5 | 3 | 1,934 | 1,934 SqFt |
| 308 Rowland Street, Syracuse, NY, 13204 | $105,000 | 4 | 1 | 1,860 | 1,860 SqFt |
| 311 Rowland Street, Syracuse, NY, 13204 | $165,000 | 3 | 2 | 1,568 | 1,568 SqFt |
| 1056 W Genesee Street, Syracuse, NY, 13204 | $1,200,000 | 12 | -- | 16,036 | 16,036 SqFt |
| 744 Park Avenue, Syracuse, NY, 13204 | $399,900 | 4 | 4 | 8,880 | 8,880 SqFt |
| 212 Lakeview Avenue, Syracuse, NY, 13204 | $134,900 | 4 | 1 | 1,496 | 1,496 SqFt |
| 104 Depalma Avenue, Syracuse, NY, 13204 | $120,000 | 3 | 2 | 1,272 | 1,272 SqFt |
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ByOwner last updated this listing 07/19/2026 @ 10:45
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