318 E Division Street, Syracuse, NY 13208

Local realty services provided by:HUNT Real Estate ERA
318 E Division Street,Syracuse, NY 13208
$400,000
Virtual Tour
  • 4 Beds
  • - Baths
  • 6,366 sq. ft.
  • Multi-family
  • Active
Listed by: zachary johnson
Office: acropolis realty group llc.
MLS#:S1658880
Source:NY_GENRIS

Price summary

  • Price:$400,000
  • Price per sq. ft.:$62.83

About this home

5-Unit Mixed-Use | 11% Cap Rate | Priced for Immediate Equity Excellent opportunity to acquire a 5-unit mixed-use investment in Syracuse featuring 4 residential apartments and 1 commercial storefront. This asset is being offered at an 11% cap rate and is priced aggressively at $400,000 for a quick sale—despite a December appraisal of $540,000, creating $140,000 in instant equity! Property Highlights: 5 total units: 4 residential + 1 commercial Strong income profile with stable tenancy Current Certificate of Compliance Only 1 unit currently vacant Vacant unit can be leased prior to closing if the buyer prefers a fully stabilized asset Appraised at $540,000 (Dec.) – asking just $400,000 11% cap rate at offering price Ideal for cash investors This property is well-suited for investors seeking high yield, mixed-use diversification, and immediate upside through lease-up or long-term hold. Flexible closing options and lease-up coordination available.

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Home facts

  • Year built:1940
  • Listing ID #:S1658880
  • Added:1 day(s) ago
  • Updated:January 22, 2026 at 04:17 PM

Rooms and interior

  • Bedrooms:4
  • Living area:6,366 sq. ft.

Heating and cooling

  • Heating:Forced Air, Gas

Structure and exterior

  • Roof:Membrane, Rubber
  • Year built:1940
  • Building area:6,366 sq. ft.
  • Lot area:0.07 Acres

Utilities

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

Finances and disclosures

  • Price:$400,000
  • Price per sq. ft.:$62.83
  • Tax amount:$5,743

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