Active

1224 N State Street

Syracuse, NY 13208

$185,000 $779/Mo

Get Pre-Approved Check your credit

Overview

Bed

Bath

2,148

Sqft

0.12

Acre(Lot)

Description

**INVESTMENT OPPORTUNITY | $29,400 ANNUAL GROSS RENTAL INCOME** Excellent opportunity to own a well-maintained **two-family property at 1224 N. State Street in Syracuse, NY**, featuring two spacious 3-bedroom, 1-bath apartments and a large, fully paved lot with abundant off-street parking. The property currently generates **$2,450 per month in combined rental income, or $29,400 annually in gross rental income**. Both apartments are occupied under **one-year leases**, with tenants current on rent and a history of being reliable and problem-free. Each apartment operates independently with its **own furnace, hot water tank, and separately metered utilities**. Tenants pay their own gas/electric utilities, while the owner is responsible only for water—helping keep operating expenses lo w and making this property especially attractive to investors. The first-floor apartment offers three bedrooms, one full bathroom, and washer/dryer hookups. The second-floor apartment also features three bedrooms and one full bathroom. Outside, the **fully paved lot requires no grass cutting or lawn maintenance** and provides substantial parking for tenants and guests. With two 3-bedroom units, separate utilities, existing leases, reliable rental income, minimal owner-paid utilities, and a spacious low-maintenance lot, **1224 N. State Street presents a compelling opportunity for an investor looking to add an income-producing property to their portfolio.**

Property Details

Property Type : Residential

Price : $185,000

AD Id : 91395330

MLS Id : S1716507

Beds : 6

Lot Size : 0.12 Acre

Living Area Size : 2,148 Sq. Ft

Year Built : 1880

Garage : 4

County : Onondaga

Map

What's Nearby

Nearby Areas

Features

Bedroom Information

Total beds: 6

Bathroom Information

Total Baths: 2 Full Baths: 2

Room Information

Has Basement: Yes Basement: Exterior Entry, Walk-Up Access
Flooring Information

Carpet, Laminate, Varies
Roofing Information

Shingle
Interior Features

Roof: Shingle Appliances: Gas Water Heater Laundry Features: Washer Hookup
Heating & Cooling

Has Heating: Yes Heating: Natural Gas, Forced Air

Building Information

Year Built: 1880 Building Area Total: 2148 Construction Materials: Frame, Vinyl Siding Stories: 2 Private Pool: No
Exterior Features

Exterior Features: Private Yard

Lot Information

Lot Dimensions: 42X120 Main Square Feet: 0.1171 Acres Lot Size Acres: 0.1171 Lot Size Square Feet: 5100 Lot Description: Rectangular Lot

Property Information

Subdivision: City/Syracuse Source Property Type: Residential Zoning Description: Residential 2 Unit Property SubType: Multi Family Levels: Two Property Age: 146

Listing Price Information

Listing Price: $185000 Original Price: $209000 Cash, Conventional

Tax Information

Parcel Number: 311500-007-000-0035-032-000-0000 Tax Lot: 32

Parking Information

Concrete, Paved

Garage Information

Has Garage: Yes Garage Space: 4

Utility Information

Sewer Connected, Water Connected
Location Information

WaterSource: Public

Sell a home like this and save $10,601 Find out How

How much is this property worth?

Curious about this home's true market value? Use our free Home Evaluation Tool to instantly get a personalized Comparative Market Analysis (CMA) report. Make smarter, data-driven decisions before you buy.

Loading, please wait...

Nearby Home Value

Address	Estimate	Bed	Bath	Sq. Ft	Lot Size
307 Wadsworth Street #9, Syracuse, NY, 13208	$240,000	5	4	5,061	0.10 Acre
171 Briggs Street, Syracuse, NY, 13208	$184,900	4	2	1,596	0.10 Acre
1002 Butternut Street, Syracuse, NY, 13208	$284,900	8	4	2,443	0.08 Acre
1406 Butternut Street, Syracuse, NY, 13208	$399,900	8	4	6,060	0.14 Acre
1317 Butternut Street, Syracuse, NY, 13208	$149,900	3	2	1,360	0.13 Acre
2209 Grant Boulevard #11, Syracuse, NY, 13208	$229,900	4	2	2,432	0.11 Acre
164 Loma Avenue #66, Syracuse, NY, 13208	$175,000	4	2	1,920	0.11 Acre
624 E Division Street, Syracuse, NY, 13208	$312,900	6	2	2,400	0.08 Acre
505 Carbon Street, Syracuse, NY, 13208	$159,900	4	2	900	0.09 Acre
156 Mary Street, Syracuse, NY, 13208	$215,000	6	3	2,228	0.10 Acre

Similar Multifamily To 1224 N State Street

Nearby For Sale

Active

$279,000

Multifamily For Sale

121 Sedgwick Street,
Syracuse, NY, 13203

Bed

Bath

Sqft

Acre(Lot)

306 Shuart Ave Ave,
Syracuse, NY, 13203

Bed

Bath

Sqft

Acre(Lot)

509 Delaware Street St #511,
Syracuse, NY, 13204

Bed

Bath

Sqft

Acre(Lot)

822 Westcott Street,
Syracuse, NY, 13210

Bed

Bath

Sqft

Acre(Lot)

1516 Valley Drive,
Syracuse, NY, 13207

Bed

Bath

2,619

Sqft

0.10

Acre(Lot)

The data relating to real estate for sale on this website comes in part from the Internet Data exchange (IDX) program of the New York State Alliance MLS. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Real estate listings held by brokerage firms other than ByOwner, are indicated by detailed information about them such as the name of the listing firms. All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither the listing broker(s) nor ByOwner shall be responsible for any typographical errors, misinformation, misprints, and shall be held totally harmless. Copyright ©2026 New York State Alliance and participating MLS's - CNYIS, UNYREIS and WNYREIS. All Rights Reserved.

ByOwner last updated this listing 09/29/2026 @ 09:07

MLS: S1716507 LISTED BY: Andre Mauro, Mauro Bros Real Estate Ser LLC 646-238-5965 SOURCE: Central New York Information Services