Rare opportunity to purchase an apartment building with OWNER FINANCING - seller is asking for 20% down, 7% interest, and balloon payment in 5 years. This 6-unit building located in the desirable village of East Syracuse includes one 2-bedroom and five 1-bedroom apartments, all separately metered and rented to long term tenants. With current rents, the property grosses close to $55,000 per year. Rents are well below market rate, representing significant upside for the new owner and enormous cashflow potential. Other features include a parking lot with space for 6 vehicles plus a 6-car garage which is rented for additional income.
Closed
$450,000
116 E Heman St, East Syracuse, NY 13057
6beds
0baths
7,418sqft
Multi Family
Built in 1925
-- sqft lot
$461,200 Zestimate®
$61/sqft
$1,735 Estimated rent
Home value
$461,200
$429,000 - $498,000
$1,735/mo
Zestimate® history
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$1,735/mo
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$3,245/mo
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Zillow last checked:
Listing updated:
Listed by:
Christopher Newman 315-396-0493,
Acropolis Realty Group LLC
Bought with:
Andrea Bucci, 40BU0998964
Acropolis Realty Group LLC
Source: NYSAMLSs,MLS#: S1621195
Originating MLS: Syracuse
Originating MLS: SyracuseFacts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 6
- Bathrooms: 0
Heating
- Gas, Baseboard, Hot Water
Appliances
- Included: Free-Standing Range, Gas Water Heater, Oven, Refrigerator
Features
- Flooring: Carpet, Hardwood, Tile, Varies, Vinyl
- Basement: Full
- Has fireplace: No
Interior area
- Total structure area: 7,418
- Total interior livable area: 7,418 sqft
Property
Parking
- Total spaces: 1
- Parking features: One Space, Driveway, Garage
- Garage spaces: 1
Features
- Stories: 3
- Exterior features: Blacktop Driveway
Lot
- Size: 8,712 Square Feet
- Dimensions: 60 x 145
- Features: Corner Lot, Near Public Transit, Rectangular, Rectangular Lot, Residential Lot
Details
- Parcel number: 31260100200000100090000000
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Composite Siding, Copper Plumbing
- Roof: Asphalt,Shingle
Condition
- Resale
- Year built: 1925
Utilities & green energy
- Electric: Circuit Breakers
- Sewer: Connected
- Water: Connected, Public
- Utilities for property: Electricity Connected, Sewer Connected, Water Connected
Community & HOA
Community
- Features: None
Location
- Region: East Syracuse
Financial & listing details
- Price per square foot: $61/sqft
- Tax assessed value: $175,000
- Annual tax amount: $8,335
- Date on market: 7/9/2025
- Cumulative days on market: 13 days
- Listing terms: Cash
Price history
| Date | Event | Price |
|---|---|---|
| 1/23/2026 | Sold | $450,000-4.1%$61/sqft |
Source:  NYSAMLSs #S1621195 Report a problem | ||
| 7/22/2025 | Pending sale | $469,000$63/sqft |
Source: NYSAMLSs #S1621195 Report a problem | ||
| 7/9/2025 | Listed for sale | $469,000$63/sqft |
Source: NYSAMLSs #S1621195 Report a problem | ||
| 4/14/2025 | Listing removed | $469,000$63/sqft |
Source: NYSAMLSs #S1584232 Report a problem | ||
| 1/13/2025 | Listed for sale | $469,000$63/sqft |
Source: NYSAMLSs #S1584232 Report a problem | ||
| 1/8/2025 | Listing removed | $469,000$63/sqft |
Source: NYSAMLSs #S1571162 Report a problem | ||
| 10/10/2024 | Listed for sale | $469,000$63/sqft |
Source: NYSAMLSs #S1571162 Report a problem | ||
Public tax history
Tax history is unavailable.
Neighborhood: 13057
Nearby homes
- $--2 bd1 ba1k sqft116 E Heman St APT 2, East Syracuse, NY 13057Off Market
- $--1 bd1 ba800 sqft116 E Heman St #5, East Syracuse, NY 13057Off Market
- $--1 bd1 ba120 sqft116 E Heman St #3-4, East Syracuse, NY 13057Off Market
- $--1 bd1 ba120 sqft116 E Heman St #1-2, East Syracuse, NY 13057Off Market
- $--1 bd1 ba800 sqft116 E Heman St #4, East Syracuse, NY 13057Off Market
- $--1 bd1 ba800 sqft116 E Heman St APT 6, East Syracuse, NY 13057Off Market
- $--1 bd1 ba800 sqft116 E Heman St APT 3, East Syracuse, NY 13057Off Market
- $--2 bd1 ba1k sqft116 E Heman St APT 1, East Syracuse, NY 13057Off Market
Nearby schools
GreatSchools rating
- 3/10East Syracuse Elementary SchoolGrades: K-5Distance: 0.4 mi
- 7/10Pine Grove Middle SchoolGrades: 6-8Distance: 2.4 mi
- 6/10East Syracuse Minoa Central High SchoolGrades: 9-12Distance: 2.4 mi
Schools provided by the listing agent
- District: East Syracuse-Minoa
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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$461,200
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+$9,224
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$470,424
- New York
- Onondaga County
- East Syracuse
- 13057
- 116 E Heman St
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