Investor opportunity with strong in-place income and additional upside. 405 Pond Street is a mixed-use property featuring a 2,300 SF grocery store plus three residential apartments above. Current income includes a long-term grocery tenant paying $1,600/month, one apartment at $1,300/month, one apartment at $800/month, and a vacant top-floor apartment previously rented for $1,300/month.Gross monthly rent $5,000
Recent capital improvements include a new roof and three new boilers. Tenants pay their own utilities, with the owner responsible for water/sewer. Sale also includes 403 Pond Street, providing valuable off-street parking for approximately 10 vehicles. This is a strong cash-flowing asset with value-add potential through leasing the vacant apartment and optimizing rents.
Active
Price cut: $5K (8/20)
$354,000
405 Pond St, Syracuse, NY 13208
6beds
6,638sqft
Multi Family
Built in 1940
-- sqft lot
$-- Zestimate®
$53/sqft
$-- HOA
What's special
New roofThree new boilers
- 57 days
- 262
- 7
Zillow last checked:
Listing updated:
Listed by:
Hunt Real Estate ERA 315-699-3200,
Ryan Yamini 315-699-3200,
Stephen Schmitt 315-457-7170,
Hunt Real Estate ERA
Source: NYSAMLSs,MLS#: S1695711
Originating MLS: Syracuse
Originating MLS: SyracuseFacts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 6
- Bathrooms: 4
- Full bathrooms: 3
- 1/2 bathrooms: 1
Heating
- Gas, Baseboard, Forced Air, Hot Water
Appliances
- Included: Gas Water Heater
Features
- Flooring: Hardwood, Resilient, Varies
- Basement: Full
- Has fireplace: No
Interior area
- Total structure area: 6,638
- Total interior livable area: 6,638 sqft
Video & virtual tour
Property
Parking
- Parking features: Paved, Parking Available, Two or More Spaces
Features
- Stories: 3
Lot
- Size: 3,267 Square Feet
- Dimensions: 33 x 99
- Features: Irregular Lot, Near Public Transit
Details
- Parcel number: 31150000700000300300000000
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Brick, Vinyl Siding, Copper Plumbing
- Foundation: Block, Stone
- Roof: Architectural,Shingle
Condition
- Resale
- Year built: 1940
Utilities & green energy
- Electric: Circuit Breakers
- Sewer: Connected
- Water: Connected, Public
- Utilities for property: Cable Available, Sewer Connected, Water Connected
Community & HOA
Location
- Region: Syracuse
Financial & listing details
- Price per square foot: $53/sqft
- Tax assessed value: $128,000
- Annual tax amount: $6,486
- Date on market: 7/9/2026
- Listing terms: Cash,Conventional
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
| Date | Event | Price |
|---|---|---|
| 8/20/2026 | Price change | $354,000-1.4%$53/sqft |
Source:  NYSAMLSs #S1695711 Report a problem | ||
| 7/9/2026 | Listed for sale | $359,000+79.6%$54/sqft |
Source: NYSAMLSs #S1695711 Report a problem | ||
| 8/6/2025 | Listing removed | $199,900$30/sqft |
Source: NYSAMLSs #S1506490 Report a problem | ||
| 6/20/2025 | Pending sale | $199,900$30/sqft |
Source: NYSAMLSs #S1506490 Report a problem | ||
| 6/20/2025 | Listing removed | $199,900$30/sqft |
Source: NYSAMLSs #S1506490 Report a problem | ||
| 2/1/2024 | Pending sale | $199,900$30/sqft |
Source: NYSAMLSs #S1506490 Report a problem | ||
| 1/12/2024 | Price change | $199,900-9.1%$30/sqft |
Source: NYSAMLSs #S1506490 Report a problem | ||
| 10/26/2023 | Listed for sale | $220,000+63%$33/sqft |
Source: NYSAMLSs #S1506490 Report a problem | ||
| 12/7/2020 | Sold | $135,000-22.9%$20/sqft |
Source: NYSAMLSs #S1291388 Report a problem | ||
| 9/14/2020 | Pending sale | $175,000$26/sqft |
Source: Howard Hanna - Fayetteville #S1291388 Report a problem | ||
| 9/9/2020 | Listed for sale | $175,000+25%$26/sqft |
Source: Howard Hanna Real Estate #S1291388 Report a problem | ||
| 6/5/2006 | Sold | $140,000$21/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | -- | $128,000 |
| 2024 | -- | $128,000 |
| 2023 | -- | $128,000 |
| 2022 | -- | $128,000 |
| 2021 | -- | $128,000 |
| 2020 | -- | $128,000 |
| 2019 | -- | $128,000 |
| 2018 | -- | $128,000 |
| 2017 | $5,470 +168.1% | $128,000 |
| 2016 | $2,040 | $128,000 |
| 2015 | -- | $128,000 |
| 2014 | -- | $128,000 |
Find assessor info on the county website
Monthly payment
Climate risks
Neighborhood: Washington Square
Nearby schools
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.
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