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.
Active
Price cut: $15K (5/29)
$309,800
125 Kensington & Lancaster Rd, Syracuse, NY 13210
5beds
2,154sqft
Duplex, Multi Family
Built in 1915
-- sqft lot
$-- Zestimate®
$144/sqft
$-- HOA
What's special
- 39 days |
- 439 |
- 24 |
Zillow last checked:
Listing updated:
Listed by:
NextHome CNY Realty 315-567-4663,
Samantha Dougherty 315-567-4663
Source: NYSAMLSs,MLS#: S1679901
Originating MLS: Syracuse
Originating MLS: SyracuseLoading...
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 5
- Bathrooms: 2
- Full bathrooms: 2
Heating
- Gas, Forced Air
Appliances
- Included: Gas Water Heater
- Laundry: Common Area
Features
- Attic, Cedar Closet(s), Programmable Thermostat
- Flooring: Laminate, Resilient, Varies, Vinyl
- Basement: Full
- Has fireplace: No
Interior area
- Total structure area: 2,154
- Total interior livable area: 2,154 sqft
Video & virtual tour
Property
Parking
- Parking features: Gravel, Two or More Spaces
Features
- Stories: 3
- Patio & porch: Balcony, Deck
- Exterior features: Balcony, Deck
Lot
- Size: 5,279 Square Feet
- Dimensions: 132 x 40
- Features: Corner Lot, Rectangular, Rectangular Lot, Residential Lot
Details
- Parcel number: 31150005200000100180000000
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Duplex
- Property subtype: Duplex, Multi Family
Materials
- Vinyl Siding, Wood Siding, PEX Plumbing
- Foundation: Block
- Roof: Architectural,Shingle
Condition
- Resale
- Year built: 1915
Utilities & green energy
- Electric: Circuit Breakers
- Sewer: Connected
- Water: Connected, Public
- Utilities for property: Sewer Connected, Water Connected
Community & HOA
Community
- Features: Trails/Paths
- Subdivision: University Hill
Location
- Region: Syracuse
Financial & listing details
- Price per square foot: $144/sqft
- Tax assessed value: $173,000
- Annual tax amount: $7,491
- Date on market: 5/18/2026
- Cumulative days on market: 11 days
- Listing terms: Cash,Conventional,FHA,VA Loan
- Tenant pays: All Utilities
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
| Date | Event | Price |
|---|---|---|
| 5/29/2026 | Price change | $309,800-4.6%$144/sqft |
Source:  NYSAMLSs #S1679901 Report a problem | ||
| 5/18/2026 | Price change | $324,800-6.9%$151/sqft |
Source: NYSAMLSs #S1679901 Report a problem | ||
| 4/27/2026 | Listed for sale | $348,700$162/sqft |
Source: NYSAMLSs #S1674106 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.
Climate risks
Neighborhood: University
Nearby schools
GreatSchools rating
- 3/10Edward Smith K 8 SchoolGrades: PK-8Distance: 0.2 mi
- 2/10Nottingham High SchoolGrades: 9-12Distance: 1.4 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.
A local agent can set up tours, give advice and negotiate with sellers.
- New York
- Onondaga County
- Syracuse
- 13210
- University
- 125 Kensington & Lancaster Rd
Nearby cities
Nearby neighborhoods
Nearby zip codes
Other Syracuse Topics
