Available on the market for the first time in 40 years, this rare 10-unit portfolio in the heart of the Village of Solvay offers a unique blend of stability and upside for investors. Data in this description pertains to both 114 and 112 Freeman Avenue combined. Consisting of three structures: a 7-unit apartment building, a 2-family multi, and a single-family colonial—all contiguous and sharing off-street parking. Each of the 10 units has separate utilities and a varied mix of sizes (1 one-bedroom, six two-bedroom, two three-bedroom, and one four-bedroom stand-alone home), giving you multiple leasing and marketing strategies. Current rents are below market value, translating into a potential 13% pro forma cap rate—an exceptional value-add play. Located in a tight-knit, lakeside community just minutes from downtown Syracuse, Solvay boasts scenic outdoor amenities, small-town conveniences and attractions, and the benefit of locally controlled, low-cost utilities via municipality-owned Solvay Electric. With strong fundamentals, thoughtful upkeep, and long-term appreciation potential, this property presents a rare opportunity to acquire a performing asset with plenty of room to grow. The hands-on owner of this well-maintained package has 55 years of experience owning and managing over 100 units. He has decided to move on to new projects, presenting an excellent opportunity for the new owner.
Active
$1,500,000
114 Freeman Ave, Syracuse, NY 13209
10beds
0baths
10,928sqft
Multi Family
Built in 1910
-- sqft lot
$1,348,100 Zestimate®
$137/sqft
$-- HOA
What's special
Off-street parkingScenic outdoor amenities
- 138 days
- 207
- 5
Zillow last checked:
Listing updated:
Listed by:
Hunt Real Estate Era 315-488-2926,
Bill & Sharon Crocker 315-488-2926
Source: NYSAMLSs,MLS#: S1680169
Originating MLS: Syracuse
Originating MLS: SyracuseFacts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 10
- Bathrooms: 0
Heating
- Zoned, Baseboard, Electric
Cooling
- Zoned
Appliances
- Included: Dishwasher, Electric Oven, Electric Range, Electric Water Heater, Refrigerator
- Laundry: Common Area, Coin-operated
Features
- Ceiling Fan(s), Cathedral Ceiling(s), Storage
- Flooring: Carpet, Hardwood, Varies, Vinyl
- Windows: Thermal Windows
- Basement: Full,Partially Finished
- Has fireplace: No
Interior area
- Total structure area: 10,928
- Total interior livable area: 10,928 sqft
Video & virtual tour
Property
Parking
- Parking features: One Space, No Garage
Features
- Levels: Two
- Stories: 2
- Exterior features: Blacktop Driveway
Lot
- Size: 4,800 Square Feet
- Dimensions: 40 x 120
- Features: Near Public Transit, Rectangular, Rectangular Lot, Residential Lot
Details
- Parcel number: 31320101000000060080000000
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Brick, Frame, Other, Vinyl Siding, Copper Plumbing
- Roof: Asphalt
Condition
- Resale
- Year built: 1910
Utilities & green energy
- Electric: Circuit Breakers
- Sewer: Connected
- Water: Connected, Public
- Utilities for property: Cable Available, Electricity Connected, High Speed Internet Available, Sewer Connected, Water Connected
Green energy
- Energy efficient items: Appliances, Lighting, Windows
Community & HOA
Community
- Features: Laundry Facilities, Other, Storage Facilities, See Remarks
- Subdivision: Village Of Solvay
Location
- Region: Syracuse
Financial & listing details
- Price per square foot: $137/sqft
- Tax assessed value: $238,200
- Annual tax amount: $18,153
- Date on market: 5/8/2026
- Cumulative days on market: 360 days
- Listing terms: Cash,Conventional,FHA,VA Loan
- Tenant pays: All Utilities
Estimated market value
$1,348,100
$1.27M - $1.42M
$1,669/mo
Price history
| Date | Event | Price |
|---|---|---|
| 6/2/2026 | Price change | $1,500,000+3.4%$137/sqft |
Source:  NYSAMLSs #S1680169 Report a problem | ||
| 5/8/2026 | Listed for sale | $1,450,000$133/sqft |
Source: NYSAMLSs #S1680169 Report a problem | ||
| 5/1/2026 | Listing removed | $1,450,000$133/sqft |
Source: HUNT ERA Real Estate #S1656385 Report a problem | ||
| 1/4/2026 | Listed for sale | $1,450,000$133/sqft |
Source: NYSAMLSs #S1656385 Report a problem | ||
| 1/1/2026 | Listing removed | $1,450,000$133/sqft |
Source: HUNT ERA Real Estate #S1615202 Report a problem | ||
| 12/12/2025 | Price change | $1,450,000-3.3%$133/sqft |
Source: NYSAMLSs #S1615202 Report a problem | ||
| 7/3/2025 | Listed for sale | $1,500,000$137/sqft |
Source: NYSAMLSs #S1615202 Report a problem | ||
Public tax history
Tax history is unavailable.
Monthly payment
Climate risks
Neighborhood: Solvay
Nearby schools
Schools provided by the listing agent
- Elementary: Solvay Elementary
- Middle: Solvay Middle
- High: Solvay High
- District: Solvay
Source: NYSAMLSs. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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