1224 N State Street, Syracuse, NY 13208
Local realty services provided by:ERA Team VP Real Estate
Listed by: andre b mauro
Office: mauro bros real estate ser llc.
MLS#:S1716507
Source:NY_GENRIS
Price summary
- Price:$185,000
- Price per sq. ft.:$86.13
About this home
**INVESTMENT OPPORTUNITY | $29,400 ANNUAL GROSS RENTAL INCOME**
Excellent opportunity to own a well-maintained **two-family property at 1224 N. State Street in Syracuse, NY**, featuring two spacious 3-bedroom, 1-bath apartments and a large, fully paved lot with abundant off-street parking.
The property currently generates **$2,450 per month in combined rental income, or $29,400 annually in gross rental income**. Both apartments are occupied under **one-year leases**, with tenants current on rent and a history of being reliable and problem-free.
Each apartment operates independently with its **own furnace, hot water tank, and separately metered utilities**. Tenants pay their own gas/electric utilities, while the owner is responsible only for water—helping keep operating expenses low and making this property especially attractive to investors.
The first-floor apartment offers three bedrooms, one full bathroom, and washer/dryer hookups. The second-floor apartment also features three bedrooms and one full bathroom.
Outside, the **fully paved lot requires no grass cutting or lawn maintenance** and provides substantial parking for tenants and guests.
With two 3-bedroom units, separate utilities, existing leases, reliable rental income, minimal owner-paid utilities, and a spacious low-maintenance lot, **1224 N. State Street presents a compelling opportunity for an investor looking to add an income-producing property to their portfolio.**...
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Home facts
- Year built:1880
- Subdivision & Development:City/Syracuse
- Listing ID #:S1716507
- Added:49 day(s) ago
- Updated:November 10, 2026 at 08:47 AM
Rooms and interior
- Bedrooms:6
- Total bathrooms:2
- Full bathrooms:2
- Flooring:Carpet, Laminate, Varies
- Basement:Yes
- Basement Description:Walk Up Access
- Living area:2,148 sq. ft.
Heating and cooling
- Heating:Forced Air, Gas
Structure and exterior
- Roof:Pitched, Shingle
- Year built:1880
- Building area:2,148 sq. ft.
- Lot area:0.12 Acres
- Lot Features:Rectangular
- Architectural Style:Duplex
- Construction Materials:Frame, Vinyl Siding
- Exterior Features:Fully Fenced
- Levels:2 Stories
Utilities
- Water:Connected, Public, Water Connected
- Sewer:Connected, Sewer Connected
Finances and disclosures
- Price:$185,000
- Price per sq. ft.:$86.13
Features and amenities
- Laundry features:Washer Hookup
Parking
- Parking description:Concrete Driveway, Paved
- Garage:Yes
- Garage spaces:4
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