Investment Opportunity: Fully Rented 3-Unit Multi-Family Property with Upside Potential
Discover an exceptional investment opportunity with this fully occupied 3-unit multi-family property. Each unit is separately metered, with tenants responsible for their own utilities, ensuring low operational costs and streamlined management.
Currently, rents are below market value, presenting immediate upside potential for increased cash flow through rent adjustments. The property benefits from professional property management already in place, with the management team willing to stay on board to ensure a seamless transition and continued operational efficiency.
Whether you’re a seasoned investor looking to add to your portfolio or a newcomer seeking a low-maintenance, income-generating asset, this property offers both stability and significant growth potential. Don’t miss out on this value-add opportunity
Closed
$230,000
101 Herkimer St, Syracuse, NY 13204
8beds
3,575sqft
Multi Family
Built in 1920
-- sqft lot
$252,300 Zestimate®
$64/sqft
$1,594 Estimated rent
Home value
$252,300
$230,000 - $278,000
$1,594/mo
Zestimate® history
Owner options
List your home for rent
$1,594/mo
Rent Zestimate®
Find your next renter with Zillow Rental Manager. Plus, with online applications, you can quickly screen prospective tenants – for free.
$1,594/mo
Rent Zestimate®
Refinance and save
$1,390/mo
Est. payment
Refinancing to a lower rate could help reduce your monthly payments and save thousands over the life of the loan.
$1,390/mo
Est. payment
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List your homeWhat's special
Zillow last checked:
Listing updated:
Listed by:
Zachary Johnson 315-396-0493,
Hunt Real Estate Era
Bought with:
Kevin A. Neuser, 40NE0971932
Howard Hanna Real Estate
Source: NYSAMLSs,MLS#: S1582992
Originating MLS: Syracuse
Originating MLS: SyracuseFacts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 8
- Bathrooms: 3
- Full bathrooms: 3
Heating
- Gas, Forced Air
Appliances
- Included: Gas Water Heater
Features
- Flooring: Carpet, Hardwood, Luxury Vinyl, Varies
- Basement: Full
- Has fireplace: No
Interior area
- Total structure area: 3,575
- Total interior livable area: 3,575 sqft
Property
Parking
- Total spaces: 3
- Parking features: Two or More Spaces
- Garage spaces: 3
Lot
- Size: 7,501 sqft
- Dimensions: 50 x 150
- Features: Rectangular, Rectangular Lot, Residential Lot
Details
- Parcel number: 31150011200000240090000000
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Aluminum Siding
Condition
- Resale
- Year built: 1920
Utilities & green energy
- Sewer: Connected
- Water: Connected, Public
- Utilities for property: Sewer Connected, Water Connected
Community & neighborhood
Location
- Region: Syracuse
Other
Other facts
- Listing terms: Cash,Conventional
Price history
| Date | Event | Price |
|---|---|---|
| 3/7/2025 | Sold | $230,000+0.7%$64/sqft |
Source:  NYSAMLSs #S1582992 Report a problem | ||
| 1/21/2025 | Pending sale | $228,500$64/sqft |
Source: NYSAMLSs #S1582992 Report a problem | ||
| 1/13/2025 | Contingent | $228,500$64/sqft |
Source: NYSAMLSs #S1582992 Report a problem | ||
| 1/6/2025 | Listed for sale | $228,500+52.3%$64/sqft |
Source: NYSAMLSs #S1582992 Report a problem | ||
| 3/23/2021 | Sold | $150,000+57.9%$42/sqft |
Source: Public Record Report a problem | ||
| 7/1/2016 | Sold | $95,000$27/sqft |
Source: NYSAMLSs #S346372 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | -- | $110,000 |
| 2024 | -- | $110,000 +25% |
| 2023 | -- | $88,000 |
| 2022 | -- | $88,000 |
| 2021 | -- | $88,000 |
| 2020 | -- | $88,000 |
| 2019 | -- | $88,000 |
| 2018 | -- | $88,000 |
| 2017 | $4,345 +116.9% | $88,000 |
| 2016 | $2,003 | $88,000 |
| 2015 | -- | $88,000 |
| 2014 | -- | $88,000 |
| 2013 | -- | $88,000 |
| 2012 | -- | $88,000 |
| 2011 | -- | $88,000 |
| 2010 | -- | $88,000 |
| 2009 | -- | $88,000 |
| 2008 | -- | $88,000 |
| 2007 | -- | $88,000 |
| 2006 | -- | $88,000 +10% |
| 2005 | -- | $80,000 |
| 2004 | -- | $80,000 |
| 2003 | -- | $80,000 |
| 2002 | -- | $80,000 |
| 2001 | -- | $80,000 -8% |
| 2000 | -- | $87,000 |
Find assessor info on the county website
Neighborhood: Far West-Side
Nearby schools
GreatSchools rating
- 4/10Porter Elementary SchoolGrades: PK-5Distance: 0.1 mi
- 2/10Frazer K 8 SchoolGrades: PK-8Distance: 0.8 mi
- 1/10Corcoran High SchoolGrades: 9-12Distance: 2.7 mi
Schools provided by the listing agent
- District: Syracuse
Source: NYSAMLSs. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
Sell for more on Zillow
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$252,300
2% more
+$5,046
With Zillow Showcase(estimated)
$257,346
- New York
- Onondaga County
- Syracuse
- 13204
- Far West-Side
- 101 Herkimer St
Nearby cities
Nearby neighborhoods
Nearby zip codes
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