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125 Kensington & Lancaster Road

Syracuse, NY 13210
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Bed 5

Bed

Bath 2

Bath

SqFt2,154

Sqft

Acres0.12

Acre(Lot)

University area gem! This high-performing corner-unit multifamily spans three stories, each with a dedicated private entrance, generating $3,600/month in combined rental income across two fully leased units. The ground-floor 1BD/1BA is leased at $1,400/month through July 2027, and the 4BD/1BA upper unit commands $2,200/month — with lease renewal discussions actively underway (2 out of 4 rooms are leased through July 2027). Square footage is increased by 700 sq ft as the City of Syracuse approved a 4th bedroom and living room with sprinkler system on the 3rd floor as additional living space. Both units feature a renovated bathroom, 2 dedicated parking spaces in the backyard, and ample natural light throughout. Location simply doesn’t get better for student and professional rentals — the Centro Bus Station sits directly in front of the property, with buses running every 10 minutes. Pair that with proximity to Syracuse University, major hospitals, downtown dining, shopping, parks, and you have a property that practically rents itself. Whether you’re expanding your portfolio or house-hacking your way to financial independence, this versatile, character-rich property delivers exceptional value, reliable income, and serious upside in one of Syracuse’s most in-demand rental corridors.

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Detail Ic Property Details

Property Type : Residential

Price : $309,800

AD Id : 78885057

MLS Id : S1679901

Beds : 5

Lot Size : 0.12 Acre

Living Area Size : 2,154

Year Built : 1915

County : Onondaga

Subdivision: Bayside At Waterman's

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Feature Features

  • Bedroom Information

    Total beds: 5

    Bathroom Information

    Total Baths: 2 Full Baths: 2

    Room Information

    Has Basement: Yes Basement: Full
  • Flooring Information

    Laminate, Varies, Vinyl
  • Roofing Information

    Shingle
  • Interior Features

    Cedar Closet(s) Roof: Shingle Appliances: Gas Water Heater Laundry Features: Common Area
  • Heating & Cooling

    Has Heating: Yes Heating: Natural Gas, Forced Air

  • Building Information

    Year Built: 1915 Building Area Total: 2154 Construction Materials: Vinyl Siding, Wood Siding Stories: 3 Patio And Porch Features: Deck Private Pool: No
  • Exterior Features

    Exterior Features: Balcony

  • Lot Information

    Lot Dimensions: 132X40 Main Square Feet: 0.1212 Acres Lot Size Acres: 0.1212 Lot Size Square Feet: 5280 Lot Description: Corner Lot, Rectangular Lot

    Property Information

    Subdivision: University Hill Source Property Type: Residential Property SubType: Multi Family Property Age: 111

  • Listing Price Information

    Listing Price: $309800 Original Price: $324800 Cash, Conventional, FHA, VA Loan

  • Tax Information

    Parcel Number: 311500-052-000-0010-018-000-0000 Tax Lot: 18 Annual Tax: $7491

  • Utility Information

    Sewer Connected, Water Connected
  • Location Information

    Direction: Take Euclid Ave to left on Lancaster to home on corner of Lancaster and Kensington on right. WaterSource: Public
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Nearby Home Value

Address Estimate Bed Bath Sq. Ft Lot Size
225 Fellows Avenue #27, Syracuse, NY, 13210 $309,900 6 2 2,652 2,652 SqFt
822 Westcott Street, Syracuse, NY, 13210 $440,000 11 5 3,297 3,297 SqFt
709 Clarendon Street #11, Syracuse, NY, 13210 $483,000 7 2 2,744 2,744 SqFt
560 Clarendon Street #64, Syracuse, NY, 13210 $499,000 7 3 2,990 2,990 SqFt
556 Clarendon Street #58, Syracuse, NY, 13210 $499,000 7 3 3,162 3,162 SqFt
1016 Lancaster Avenue #18, Syracuse, NY, 13210 $300,000 6 2 2,961 2,961 SqFt
216 Westcott Street, Syracuse, NY, 13210 $299,900 11 4 2,821 2,821 SqFt
719 Euclid Avenue #21, Syracuse, NY, 13210 $750,000 11 3 4,360 4,360 SqFt
110 Westcott Street, Syracuse, NY, 13210 $299,900 8 2 1,900 1,900 SqFt
415 Stratford Street, Syracuse, NY, 13210 $560,000 8 3 4,008 4,008 SqFt

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 06/21/2026 @ 21:49

MLS: S1679901 LISTED BY: Samantha Dougherty, NextHome CNY Realty 315-567-4663 SOURCE: Central New York Information Services

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