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Active
    • Price increase: $50K (6/2)
    $1,500,000

    114 Freeman Ave, Syracuse, NY 13209

    10beds
    0baths
    10,928sqft
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    Multi Family
    Built in 1910
    -- sqft lot
    $-- Zestimate®
    $137/sqft
    $-- HOA

    What's special

    Off-street parkingScenic outdoor amenities
    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.
    65 days
    |
    252
    |
    5
    |

    Zillow last checked:

    Listing updated:

    Listed by:

    Hunt Real Estate Era 315-488-2926,

    Bill & Sharon Crocker 315-488-2926

    Source: NYSAMLSs,MLS#: S1680169MLS LogoOriginating MLS: Syracuse

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      Facts & 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: 338 days
      • Listing terms: Cash,Conventional,FHA,VA Loan
      • Tenant pays: All Utilities

        Estimated market value

        Not available

        Estimated sales range

        Not available

        $1,386/mo

        Price history

        DateEventPrice
        6/2/2026Price change$1,500,000+3.4%$137/sqft
        Source: NYSAMLSs #S1680169 Report a problem
        5/8/2026Listed for sale$1,450,000$133/sqft
        Source: NYSAMLSs #S1680169 Report a problem
        5/1/2026Listing removed$1,450,000$133/sqft
        Source: HUNT ERA Real Estate #S1656385 Report a problem
        1/4/2026Listed for sale$1,450,000$133/sqft
        Source: NYSAMLSs #S1656385 Report a problem
        1/1/2026Listing removed$1,450,000$133/sqft
        Source: HUNT ERA Real Estate #S1615202 Report a problem
        12/12/2025Price change$1,450,000-3.3%$133/sqft
        Source: NYSAMLSs #S1615202 Report a problem
        7/3/2025Listed for sale$1,500,000$137/sqft
        Source: NYSAMLSs #S1615202 Report a problem

        Public tax history

        Tax history is unavailable.

        Monthly payment

        Estimated monthly payment$1,822
        All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
        Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
        See how much you could borrow to make a competitive offer.
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        Climate risks

        Neighborhood: Solvay

        Getting around

        48 / 100
        Car-Dependent
        31 / 100
        Some Transit
        40 / 100
        Somewhat Bikeable

        Nearby schools

        GreatSchools rating
        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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