Active

Price cut: $25K (7/25)

$325,000

406 Park Ave, Syracuse, NY 13204

5beds

0baths

4,655sqft

Multi Family

Built in 1940

-- sqft lot

$-- Zestimate^®

$70/sqft

$-- HOA

What's special

Hardwood floors

Investment Opportunity! This 5-unit apartment building offers an excellent opportunity for investors seeking immediate rental income with room to add value over time. The property features five spacious 1 bedroom apartments, each with hardwood floors, and is occupied by long-term tenants, providing steady cash flow from day one. Conveniently located in a desirable area with easy access to major highways, public transportation, shopping, and everyday amenities, this property continues to attract and retain tenants. Major infrastructure improvements have already been completed, including a new sewer line and new water line, reducing future maintenance concerns. While there is opportunity for cosmetic updates and continued improvements, the property is already producing income, making it an ideal investment for buyers looking to generate cash flow while building long-term equity.

16 days

491

30

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 5
Bathrooms: 0

Heating

Other, See Remarks, Hot Water

Appliances

Included: Electric Cooktop, Gas Oven, Gas Range, Gas Water Heater, Refrigerator
Laundry: Common Area

Features

Ceiling Fan(s)
Flooring: Hardwood, Laminate, Varies
Basement: Full,Walk-Out Access,Sump Pump
Has fireplace: No

Interior area

Total structure area: 4,655
Total interior livable area: 4,655 sqft

Video & virtual tour

Property

Parking

Parking features: Three or more Spaces, No Garage

Features

Stories: 3
Exterior features: Blacktop Driveway

Lot

Size: 8,999 Square Feet
Dimensions: 90 x 100
Features: Corner Lot, Rectangular, Rectangular Lot

Details

Parcel number: 31150010600000100250000000
Special conditions: Standard

Construction

Type & style

Home type: MultiFamily
Property subtype: Multi Family

Materials

Attic/Crawl Hatchway(s) Insulated, Block, Concrete, Copper Plumbing
Roof: Asphalt

Condition

Resale
Year built: 1940

Utilities & green energy

Electric: Circuit Breakers, Fuses
Sewer: Connected
Water: Connected, Public
Utilities for property: Electricity Connected, High Speed Internet Available, Sewer Connected, Water Connected

Community & HOA

Community

Features: None
Subdivision: Smiley

Location

Region: Syracuse

Financial & listing details

Price per square foot: $70/sqft
Tax assessed value: $101,000
Annual tax amount: $6,051
Date on market: 7/11/2026
Listing terms: Cash,Conventional

Estimated market value

Not available

Estimated sales range

Not available

Price history

Date	Event	Price
7/25/2026	Price change	$325,000-7.1%$70/sqft
Source: NYSAMLSs #S1697906 Report a problem
7/12/2026	Listed for sale	$350,000$75/sqft
Source: NYSAMLSs #S1697906 Report a problem
2/12/2025	Listing removed	$800
Source: NYSAMLSs #S1587921 Report a problem
2/8/2025	Listed for rent	$800
Source: NYSAMLSs #S1587921 Report a problem

Public tax history

Tax history is unavailable.

Monthly payment

Estimated monthly payment$1,822

Principal & interest
$1,547
Mortgage insurance
$0
Property taxes
$170
Home insurance
$105
HOA fees
$0
Utilities
Not included

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.

Get pre-qualified