Turnkey University Rental Property – Prime Investment Opportunity!
Discover the perfect addition to your real estate portfolio with this exceptional 3-unit university rental property. Whether you’re an experienced investor or a first-time buyer, this fully rented, income-generating property offers immediate cash flow in one of the strongest rental markets in the area.
This unique investment includes two units in the main front building and a standalone former carriage house, providing diverse rental options for tenants. Thoughtfully upgraded throughout.
Fully rented – Stable income from day one. Turnkey investment – No immediate renovations needed Major upgrades completed – Including brand-new drains and sewer lines Ample parking – A rare and valuable feature for tenants Highly desirable location – Consistently strong rental demand
With significant income potential and a compelling success story, this property is a smart choice. Opportunities like this don’t last long! Schedule a showing today and see for yourself why this is the perfect investment.
Closed
$553,370
854-856 Lancaster Ave, Syracuse, NY 13210
11beds
3,186sqft
Multi Family
Built in 1915
-- sqft lot
$599,700 Zestimate®
$174/sqft
$1,754 Estimated rent
Home value
$599,700
$546,000 - $654,000
$1,754/mo
Zestimate® history
Owner options
List your home for rent
$1,754/mo
Rent Zestimate®
Find your next renter with Zillow Rental Manager. Plus, with online applications, you can quickly screen prospective tenants – for free.
$1,754/mo
Rent Zestimate®
Refinance and save
$3,943/mo
Est. payment
Refinancing to a lower rate could help reduce your monthly payments and save thousands over the life of the loan.
$3,943/mo
Est. payment
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List your homeWhat's special
Zillow last checked:
Listing updated:
Listed by:
Daniel Murphy 315-460-0024,
University Hill Realty Ltd
Bought with:
NON MLS
NON MLS
Source: NYSAMLSs,MLS#: S1590685
Originating MLS: Syracuse
Originating MLS: SyracuseFacts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 11
- Bathrooms: 4
- Full bathrooms: 4
Heating
- Gas, Forced Air
Appliances
- Included: Gas Water Heater
Features
- Flooring: Hardwood, Laminate, Varies
- Basement: Full
- Has fireplace: No
Interior area
- Total structure area: 3,186
- Total interior livable area: 3,186 sqft
Property
Parking
- Total spaces: 2
- Parking features: Paved, Two or More Spaces
- Garage spaces: 2
Features
- Levels: Two
- Stories: 2
Lot
- Size: 10,576 Square Feet
- Dimensions: 80 x 132
- Features: Near Public Transit, Rectangular, Rectangular Lot, Residential Lot
Details
- Parcel number: 31150005200000050160000000
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Other, See Remarks, Copper Plumbing
- Roof: Asphalt,Shingle
Condition
- Resale
- Year built: 1915
Utilities & green energy
- Electric: Circuit Breakers
- Sewer: Connected
- Water: Connected, Public
- Utilities for property: Cable Available, Sewer Connected, Water Connected
Community & HOA
Community
- Subdivision: Westminster
Location
- Region: Syracuse
Financial & listing details
- Price per square foot: $174/sqft
- Tax assessed value: $300,000
- Annual tax amount: $12,947
- Date on market: 2/28/2025
- Cumulative days on market: 153 days
- Listing terms: Cash,Conventional
- Tenant pays: All Utilities
Price history
| Date | Event | Price |
|---|---|---|
| 5/20/2025 | Sold | $553,370-6%$174/sqft |
Source:  NYSAMLSs #S1590685 Report a problem | ||
| 3/16/2025 | Contingent | $589,000$185/sqft |
Source: NYSAMLSs #S1590685 Report a problem | ||
| 2/28/2025 | Listed for sale | $589,000-3.3%$185/sqft |
Source: NYSAMLSs #S1590685 Report a problem | ||
| 2/1/2025 | Listing removed | $609,000$191/sqft |
Source: NYSAMLSs #S1565742 Report a problem | ||
| 11/15/2024 | Contingent | $609,000$191/sqft |
Source: NYSAMLSs #S1565742 Report a problem | ||
| 10/30/2024 | Price change | $609,000-4.7%$191/sqft |
Source: NYSAMLSs #S1565742 Report a problem | ||
| 9/16/2024 | Listed for sale | $639,000$201/sqft |
Source: NYSAMLSs #S1565742 Report a problem | ||
Public tax history
Tax history is unavailable.
Neighborhood: University
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Nearby schools
GreatSchools rating
- 3/10Edward Smith K 8 SchoolGrades: PK-8Distance: 0.4 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.
Sell for more on Zillow
Get a Zillow Showcase℠ listing at no additional cost and you could sell for .
$599,700
2% more
+$11,994
With Zillow Showcase(estimated)
$611,694
- New York
- Onondaga County
- Syracuse
- 13210
- University
- 854-856 Lancaster Ave
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