114 Freeman Avenue, Syracuse, NY 13209

Syracuse
Local realty services provided by:HUNT Real Estate ERA
114 Freeman Avenue,Syracuse, NY 13209
$1,500,000
Virtual Tour
  • 10 Beds
  • - Baths
  • 10,928 sq. ft.
  • Multi-family
  • Active
Listed by:
Office: hunt real estate era
MLS#:S1680169
Source:NY_GENRIS

Price summary

  • Price:$1,500,000
  • Price per sq. ft.:$137.26

About this home

Available on the market for the first time in 40 years, this rare 10-unit portfolio in the heart of the Village of Solvay offers a unique blend of stability and upside for investors. Data in this description pertains to both 114 and 112 Freeman Avenue combined. Consisting of three structures: a 7-unit apartment building, a 2-family multi, and a single-family colonial—all contiguous and sharing off-street parking. Each of the 10 units has separate utilities and a varied mix of sizes (1 one-bedroom, six two-bedroom, two three-bedroom, and one four-bedroom stand-alone home), giving you multiple leasing and marketing strategies. Current rents are below market value, translating into a potential 13% pro forma cap rate—an exceptional value-add play. Located in a tight-knit, lakeside community just minutes from downtown Syracuse, Solvay boasts scenic outdoor amenities, small-town conveniences and attractions, and the benefit of locally controlled, low-cost utilities via municipality-owned...

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Home facts

  • Year built:1910
  • Subdivision & Development:Village of Solvay
  • Listing ID #:S1680169
  • Added:98 day(s) ago
  • Updated:August 14, 2026 at 02:57 PM

Rooms and interior

  • Bedrooms:10
  • Flooring:Carpet, Hardwood, Varies, Vinyl
  • Kitchen Description:Dishwasher, Refrigerator
  • Basement:Yes
  • Basement Description:Full, Partially Finished
  • Living area:10,928 sq. ft.

Heating and cooling

  • Cooling:Zoned
  • Heating:Baseboard, Electric, Zoned

Structure and exterior

  • Roof:Asphalt
  • Year built:1910
  • Building area:10,928 sq. ft.
  • Lot area:0.11 Acres
  • Lot Features:Near Public Transit, Rectangular, Residential Lot
  • Construction Materials:Brick, Copper Plumbing, Frame, Vinyl Siding
  • Levels:2 Stories

Schools

  • High school:Solvay High
  • Middle school:Solvay Middle
  • Elementary school:Solvay Elementary

Utilities

  • Water:Connected, Public, Water Connected
  • Sewer:Connected, Sewer Connected

Finances and disclosures

  • Price:$1,500,000
  • Price per sq. ft.:$137.26
  • Tax amount:$18,153

Features and amenities

  • Appliances:Dishwasher, Refrigerator
  • Laundry features:Common Area, Electric Water Heater
  • Amenities:Storage

Parking

  • Parking description:No Garage, One Space

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