🏷️ Likely Rental
1326 Madison St · Syracuse, NY
Flood risk 1/10 · Minimal
- FEMA flood zone
- X (unshaded)
- Chance of flooding over 30 yrs
- 0.0%
- Est. flood insurance / yr
- $473 – $860
Fire risk 1/10 · Minimal
- Est. fire insurance / yr
- $691 – $1,283
Heat risk 3/10 · Minor
- Hot days now (above 94°F)
- 7 days/yr
- Hot days in 30 yrs
- 14 days/yr
Wind risk 1/10 · Minimal
- Chance of severe wind over 30 yrs
- 1.0%
Air-quality risk 2/10 · Minimal
- Unhealthy air days now
- 0 days/yr
- Unhealthy air days in 30 yrs
- 1 days/yr
Risk factors via First Street. Map © Google.
Why this score? — see what drove the B+ grade
The composite is a weighted blend of 9 inputs, each scored 0–100. Each bar is that input's sub-score; the figure is the points it added to the 100-point composite (weight × sub-score).
- Cash flow +30.0/30.0
- ARV discount +15.0/15.0
- DSCR +10.0/10.0
- 1% rule +8.2/10.0
- Rent growth +5.0/5.0
- Schools +4.2/10.0
- Livability +3.9/5.0
- Condition / age +2.2/5.0
- Appreciation +0.0/10.0
$295,000
🖨 Deal sheet (PDF) 📄 Offer letter ✓ Due diligence
Multi-family units
County records classify this as Multi-Family (2-4 Unit). Listing-text estimate: 2 units. confirmed
Listing remarks MLS
University property - Well maintained brick 2 family home near Syracuse University. 2 spacious 3 bedroom flats with parking for 5 cars, space for more. Front and back staircase, walk up attic storage. Newer roof was complete replacement. Newer electric, ceiling, laundry, stoves and Modern furnace. Great Location. Excellent as investment or for owner occupant. Close to campus- and just steps from Westcott Theater, shopping, services. Fully leased through 20-21 school year at $2320/mo plus utilities. A great return on your dollar.
Key facts
- Newer electric
- Newer roof
- Modern furnace
Tags
Neighborhood map
What this means for you Summary
Snapshot
- This is a 2 × 3-bed/1.0-bath units multifamily listed at $295k. Condition is rated fair.
Deal economics
- At list price, monthly cash flow is $1k ($15k/yr) — positive. Per door: $619/mo.
- The deal already cash-flows at list — no discount required.
- Meets the 1% rule at list price ($4k rent vs $295k).
- Recommended offer: $286k (3.0% below list) — sets the bar for market timing.
- Cap rate 11.3% vs local median 7.6% in Syracuse — top-decile yield for the area; either an underpriced asset or a hidden risk that comps aren't pricing in. Stress-test before assuming the spread holds.
Location & tenants
- Location reads 77/100 on livability (#187 in NY, #2,869 nationally) — a middle-class / working-renter tenant base. Strengths: amenities A+, commute A+, cost of living A+; Watch: crime F, employment D-.
- Syracuse City School District (urban): math 18% / reading 26% proficiency, ranked #590 of 590 in NY (top 100%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover; 74% free/reduced lunch — lower-income household profile, screen leases tightly.
- Zoned schools: Edward Smith K-8 School (math 13% / reading 39%, grade F, #1,816 of 2,108 statewide, top 86%, 710 students, 69% FRL); Expeditionary Learning Middle School (math 17% / reading 32%, grade F, #611 of 729 statewide, top 88%, 170 students, 76% FRL); Nottingham High School (math 75% / reading 77%, grade A-, #616 of 1,100 statewide, top 57%, 1,226 students, 80% FRL) — zoned schools at 75% FRL track the district average.
- Zoned-school proficiency averages 42% at this address vs 22% district-wide (+20 pts) — the actual schools serving this property are materially stronger than the Syracuse City School District average implies; a family-tenant draw the district grade alone would hide.
- Market conditions: Rents rising fast (+11.2%/yr); 105 active listings in the ZIP; lower-income renter base — watch delinquency; 616 units permitted in Onondaga County in 2024 (256 in 5+ unit buildings).
Forward outlook
- Local home prices are declining (-3.0%/yr); year-one equity from $2k of loan paydown is wiped out by about $9k of value loss. Plan a longer hold.
- Onondaga County population projected to shrink 9% by 2050 — rents likely to lag national; underwrite the cash flow, not the appreciation.
- At projected returns (-3.0% appreciation + 8.0% rent growth), your $83k cash investment doubles in ~6 years — after that, you're playing with house money.
Negotiation context
- It's been on market 37 days — a 3% lower offer ($286k) is reasonable based on typical stale-listing flexibility.
- 5 sale attempts since 10y ago with the ask held roughly flat each time — persistent listings suggest the price (not the market) is what's stuck; bring a comps-based counter.
- Current owner paid $168k; list at $295k implies a 76% gain — meaningful room to come down on a strong offer.
Risks & watch-outs
- Watch-outs: built in 1875 — expect roof / HVAC / electrical / plumbing capex.
Questions for the listing agent
- It's been on market 37 days. Have you received any prior offers? Is the seller open to a 3% concession, seller financing, or rate buy-down credit?
- Can we see the unit-by-unit rent roll, current vacancy, and any below-market leases? What's the average tenancy length?
- What capital expenditures (roof, boiler, parking lot, exteriors) have been made in the last 5 years, and what's planned in the next 2?
- Have any recent inspections been done? Can we get a copy of the seller's disclosures and any deferred-maintenance estimates?
- Built in 1875 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
- Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
- Schools are D-rated, which usually means shorter tenancies and higher turnover. Who's the typical renter profile here, and what's been the actual vacancy rate?
- Crime grade is F in this area — have there been break-ins, vandalism, or insurance claims at this property in the last 3 years? What carrier currently insures it and at what premium?
- What's the average days-on-market for RENTAL listings here right now (not sales)? A rising rental-DOM trend means longer vacancies and softer asking-rent achievability than the comps imply.
- What's the recent tenant-quality profile in this submarket — average credit score on applications, eviction rate, late-payment / NSF rate, and stable-employment percentage? A property-management company in the area should have these aggregated.
- How much new apartment / multifamily construction is in the pipeline within 1–3 miles? Heavy new supply (>2% of stock underway) typically softens rents 12–24 months out; light construction supports rent growth.
Investment metrics
- 1% rule
- 1.32% ✓
- Cap rate
- 11.33%
- Cash-on-cash
- 18.00%
- DSCR
- 1.80
- GRM
- 6.3
CMA / ARV
- ARV (median comp)
- $531,379
- List price
- $295,000
- Delta
- -44.48%
- Verdict
- UNDERPRICED
- Comps
- 20 within 1.0 mi
Show comp detail 12 sales within ~0.75 mi
| Address | Dist | Beds/Ba | Sqft | Sold | Price | $/sf | Match |
|---|---|---|---|---|---|---|---|
| 231 Allen St | 0.39mi | 6/2.0 | 2,832 (+2%) | 4mo | $185,000 | $65 | 74 |
| 519 Clarendon St #21 | 0.46mi | 6/2.0 | 2,744 (-1%) | 9mo | $286,000 | $104 | 70 |
| 225 Fellows Ave #27 | 0.53mi | 6/2.0 | 2,652 (-4%) | 1mo | $309,900 | $117 | 68 |
| 522 Westmoreland Ave #24 | 0.46mi | 6/2.0 | 2,872 (+4%) | 10mo | $250,000 | $87 | 64 |
| 437 Westmoreland Ave #39 | 0.49mi | 6/2.0 | 2,980 (+8%) | 3mo | $220,000 | $74 | 62 |
| 452 Ellis St #54 | 0.51mi | 6/2.0 | 2,560 (-7%) | 5mo | $155,000 | $61 | 60 |
| 136 Cumberland Ave | 0.53mi | 6/2.0 | 2,784 (+1%) | 22mo | $166,000 | $60 | 56 |
| 125 Cumberland Ave | 0.55mi | 6/2.0 | 2,664 (-4%) | 18mo | $210,000 | $79 | 53 |
| 814 Ackerman Ave | 0.63mi | 6/2.0 | 2,702 (-2%) | 17mo | $360,000 | $133 | 53 |
| 704-06 Allen St | 0.58mi | 6/2.0 | 2,620 (-5%) | 17mo | $380,000 | $145 | 51 |
| 133 Cumberland Ave #2 | 0.55mi | 6/2.0 | 2,624 (-5%) | 19mo | $125,000 | $48 | 50 |
| 245 Fellows Ave | 0.56mi | 6/6.0 | 2,764 (+0%) | 21mo | $450,000 | $163 | 40 |
Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.
Projected returns pro-forma
-3.0% appreciation · 8.0% rent growth · sell at horizon
- IRR
- 14.7%
- Equity multiple
- 1.62×
- Total profit
- $51,533
- Equity at exit
- $43,985
- IRR
- 26.8%
- Equity multiple
- 3.90×
- Total profit
- $239,547
- Equity at exit
- $25,506
Cash invested: $82,600 (down + closing). Projections, not guarantees.
Landlord ↔ Tenant lean methodology
- Overall (STATE)
- 15 Strongly Tenant-Friendly
- State New York
- 15 Strongly Tenant-Friendly · D+10
- County
- — inherits STATE
- City
- — inherits STATE
Active competition Active MLS
- For sale now
- 6 active · 18 under contract
- Months of supply
- 7.2 mo (14%/mo absorbed)
- Median asking
- $386,500 ($123/sqft)
- Median days on market
- 100 d
- This list price
- 33% of active listings are priced below it
- ARV vs active asking
- +56.2% above current asking $/sqft
Closed sales set the value; these active listings set current market conditions and a practical price ceiling.
ZIP-level market 13210
- Home prices YoY
- -9.0%
- Rents YoY
- 11.2%
- Active inventory
- 105
- Price-to-rent
- 12.7×
Monthly cashflow live
- Estimated rent
- $3,882 high interval (Pro) →
- Mortgage (P&I)
- −$1,547
- Tax from tax record
- −$158 /mo · $1,898/yr
- Insurance
- −$123
- HOA
- −$0
- Lot rent
- −$0
- Vacancy / Maint / Mgmt
- −$815
- Net cashflow
- $1,239
2-unit breakdown (identical units grouped — click to expand)
| Units | Beds | Baths | Est. rent |
|---|---|---|---|
| 2× units | 3 | 1 | $3,882 |
| #1 | 3 | 1 | $1,941 |
| #2 | 3 | 1 | $1,941 |
| Total (2 units) | $3,882 | ||
Break-even live
Sensitivity live
| Price | -10% $1,406 | -5% $1,322 | +0% $1,239 | +5% $1,155 | +10% $1,072 |
|---|---|---|---|---|---|
| Rent | -10% $932 | -5% $1,085 | +0% $1,239 | +5% $1,392 | +10% $1,545 |
| Rate | -1.0pp $1,387 | -0.5pp $1,314 | base $1,239 | +0.5pp $1,162 | +1.0pp $1,084 |
UW: 25.0% down · 7.5% · 30yr · 1.5% tax · 5.0% vac · 8.0% maint · 8.0% mgmt
Financing live
Cash to close
- Down payment
- $73,750
- Closing costs
- $8,850
- Club membership (one-time)
- —
- Reserves months
- —
- Total cash needed
- —
Loan-product check · same deal, 3 products live
Conventional
25% down · 7.5% · 30yr
- Cash invested
- —
- Monthly P&I
- —
- Monthly cashflow
- —
- DSCR
- —
- Eligible?
- —
Personal DTI + credit; lowest rate.
DSCR
20% down · 8.5% · 30yr
- Cash invested
- —
- Monthly P&I
- —
- Monthly cashflow
- —
- DSCR
- —
- Eligible?
- —
No personal income docs; deal must DSCR.
Hard money
10% down · 12.0% · 12mo
- Cash invested
- —
- Monthly P&I
- —
- Monthly cashflow
- —
- DSCR
- —
- Eligible?
- —
Short-term bridge; refi at stabilization.
Rent comps 40 comps
| Address | Beds | Baths | Sqft | Rent | $/sqft | DOM | Units | Dist |
|---|---|---|---|---|---|---|---|---|
| 1322 Madison St Unit 11 Syracuse, NY | 4.0 | 1.0 | — | $2,200 | — | 139d | 1 | 0.02mi |
| 424 Columbus Ave Unit 1 Syracuse, NY | 3.0 | 2.0 | — | $1,700 | — | 6d | 1 | 0.13mi |
| 430 Columbus Ave Unit 5 Syracuse, NY | 2.0 | 1.0 | — | $1,350 | — | 117d | 1 | 0.13mi |
| 216 Bassett St Unit 22 Syracuse, NY | 3.0 | 1.0 | — | $2,250 | — | 109d | 1 | 0.14mi |
| 435 Columbus Ave Unit 21 Syracuse, NY | 4.0 | 2.0 | — | $2,200 | — | 6d | 1 | 0.16mi |
| 113 Lexington Ave Unit 2 Syracuse, NY | 2.0 | 1.0 | — | $1,750 | — | 109d | 1 | 0.17mi |
| 1530 E Genesee St Syracuse, NY | 2.0 | 1.0 | — | $510 | — | 6d | 1 | 0.17mi |
| 109 Lexington Ave Unit 3 Syracuse, NY | 4.0 | 2.0 | — | $2,200 | — | 109d | 1 | 0.17mi |
| 121 Lexington Ave Syracuse, NY | 4.0 | 2.5 | — | $2,400 | — | 139d | 1 | 0.18mi |
| 1920 E Genesee St Unit 2 Syracuse, NY | 2.0 | 1.0 | — | $1,650 | — | 6d | 1 | 0.18mi |
| 309 Columbus Ave Unit 4 Syracuse, NY | 2.0 | 1.0 | — | $1,550 | — | 6d | 1 | 0.18mi |
| 139 Lexington Ave Unit 11 Syracuse, NY | 4.0 | 2.0 | — | $2,500 | — | 117d | 1 | 0.19mi |
| 307 Columbus Ave Unit 55 Syracuse, NY | 2.0 | 1.0 | — | $1,300 | — | 6d | 1 | 0.19mi |
| 1531 E Genesee St Unit 22 Syracuse, NY | 4.0 | 2.0 | — | $2,600 | — | 6d | 1 | 0.20mi |
| 205 Cherry St Unit 2 Syracuse, NY | 3.0 | 2.0 | — | $1,950 | — | 109d | 1 | 0.20mi |
| 203 Cherry St Unit 11 Syracuse, NY | 3.0 | 2.0 | — | $1,950 | — | 6d | 1 | 0.21mi |
| 1209 Madison St Fl -1 Syracuse, NY | 3.0 | 1.0 | — | $2,180 | — | 6d | 1 | 0.21mi |
| 1207 Madison St Apt -1 Syracuse, NY | 3.0 | 1.0 | — | $2,180 | — | 139d | 1 | 0.22mi |
| 208 Columbus Ave Unit 11 Syracuse, NY | 4.0 | 2.0 | — | $2,200 | — | 6d | 1 | 0.22mi |
| 205 Lexington Ave Unit 11 Syracuse, NY | 4.0 | 1.5 | — | $1,800 | — | 109d | 1 | 0.23mi |
| 410 Westcott St Unit 3 Syracuse, NY | 4.0 | 1.0 | — | $2,500 | — | 139d | 1 | 0.23mi |
| 1205 Madison St Fl -1 Syracuse, NY | 4.0 | 3.0 | 2988 | $2,640 | $0.88 | 139d | 1 | 0.23mi |
| 206 Columbus Ave Unit 22 Syracuse, NY | 3.0 | 1.0 | — | $1,800 | — | 139d | 1 | 0.23mi |
| 539 Columbus Ave Unit 1 Syracuse, NY | 4.0 | 1.5 | — | $2,500 | — | 139d | 1 | 0.23mi |
| 420 Westcott St Syracuse, NY | 3.0 | 2.0 | — | $2,100 | — | 6d | 1 | 0.24mi |
| 1611 E Fayette St #2 Syracuse, NY | 2.0 | 1.0 | — | $650 | — | 139d | 1 | 0.25mi |
| 1702 E Fayette St Unit 2 Syracuse, NY | 2.0 | 1.0 | 850 | $1,200 | $1.41 | 6d | 1 | 0.26mi |
| 1436 E Genesee St Unit 33 Syracuse, NY | 2.0 | 1.0 | — | $1,400 | — | 117d | 1 | 0.26mi |
| 1436 E Genesee St Unit 22 Syracuse, NY | 3.0 | 1.0 | — | $1,725 | — | 139d | 1 | 0.26mi |
| 1108 Madison St Apt 1W Syracuse, NY | 3.0 | 1.0 | — | $2,080 | — | 117d | 1 | 0.28mi |
| 1108 Madison St Unit 2 Syracuse, NY | 3.0 | 1.5 | 1580 | $2,080 | $1.32 | 139d | 1 | 0.28mi |
| 1710 E Fayette St Unit 11 Syracuse, NY | 3.0 | 1.0 | — | $1,575 | — | 6d | 1 | 0.28mi |
| 131 Dell St Unit 133 DELL Syracuse, NY | 4.0 | 1.0 | 853 | $550 | $0.64 | 6d | 1 | 0.28mi |
| 1407 E Fayette St Unit 1 Syracuse, NY | 4.0 | 1.0 | — | $2,100 | — | 139d | 1 | 0.29mi |
| 1414 E Genesee St Syracuse, NY | 4.0 | 2.0 | — | $2,600 | — | 6d | 1 | 0.30mi |
| 127 Comstock Pl Syracuse, NY | 4.0 | 1.5 | — | $2,600 | — | 6d | 1 | 0.30mi |
| 205 Comstock Ave Apt 4 Syracuse, NY | 2.0 | 1.0 | — | $1,600 | — | 6d | 1 | 0.31mi |
| 201 Comstock Ave Unit 1R Syracuse, NY | 4.0 | 1.5 | — | $2,500 | — | 139d | 1 | 0.31mi |
| 147 Cambridge St Syracuse, NY | 4.0 | 1.5 | — | $2,700 | — | 139d | 1 | 0.32mi |
| 147 Cambridge St Unit 2 Syracuse, NY | 3.0 | 1.0 | — | $2,100 | — | 139d | 1 | 0.32mi |
Property features AI
Finance
- Financial info
- Property contains 2 separate rental units with separate gas and electric metersUnit 1 rent: $900 (lease expires Jan 1, 2027)Unit 2 rent: $1,350 (lease expires Jan 31, 2027)Owner pays grounds care and water; rent includes gardener and waterOperating expenses include maintenance and structure (see remarks)
Exterior
- Parking
- Paved parking available5 garage spaces
- Utilities
- Public water connectedSewer connected
- Home design
- Two-story buildingResale propertyBrick and frame construction
- Construction
- Brick and frame constructionExisting (previously built)
- Exterior features
- Corner lot with irregular dimensions (56 x 91)
Interior
- Kitchen
- No kitchen appliance list provided
- Bedrooms
- Two 3-bedroom units (each unit has 3 bedrooms)
- Flooring
- HardwoodVaries
- Bathrooms
- Two full bathrooms (one in each unit)
- Heating & cooling
- Gas forced-air heating
- Interior features
- Hardwood and varying flooring throughoutFull basement
- Laundry & utility
- Gas water heater
Listing history 43 events
-
2026-09-24days on market $295,000 Active 37 DOM
-
2026-09-24days on market $295,000 Active 36 DOM
-
2026-09-22days on market $295,000 Active 35 DOM
-
2026-09-21days on market $295,000 Active 34 DOM
-
2026-09-20days on market $295,000 Active 33 DOM
-
2026-09-18days on market $295,000 Active 31 DOM
-
2026-09-17days on market $295,000 Active 30 DOM
-
2026-09-16days on market $295,000 Active 29 DOM
-
2026-09-15days on market $295,000 Active 28 DOM
-
2026-09-14days on market $295,000 Active 27 DOM
-
2026-09-13days on market $295,000 Active 26 DOM
-
2026-09-12days on market $295,000 Active 25 DOM
-
2026-09-11days on market $295,000 Active 24 DOM
-
2026-09-05days on market $295,000 Active 18 DOM
-
2026-09-04days on market $295,000 Active 17 DOM
-
2026-09-03days on market $295,000 Active 16 DOM
-
2026-08-31days on market $295,000 Active 13 DOM
-
2026-08-30days on market $295,000 Active 12 DOM
-
2026-08-29days on market $295,000 Active 11 DOM
-
2026-08-28days on market $295,000 Active 10 DOM
-
2026-08-27days on market $295,000 Active 9 DOM
-
2026-08-25days on market $295,000 Active 7 DOM
-
2026-08-24days on market $295,000 Active 6 DOM
-
2026-08-23days on market $295,000 Active 5 DOM
-
2026-08-22days on market $295,000 Active 4 DOM
-
2026-08-21days on market $295,000 Active 3 DOM
-
2026-08-20days on market $295,000 Active 2 DOM
-
2026-08-18remarks 680-char remark
-
2026-08-18pricestatusdays on market $295,000 Active 1 DOM
-
2021-07-30historical
-
2021-06-22price $184,900
-
2021-06-03price $189,900
-
2021-05-07$194,900 Active
-
2021-02-25soldstatus $168,000 Closed Sale or Rented 534-char remark
Show marketing remark (534 chars)
University property - Well maintained brick 2 family home near Syracuse University. 2 spacious 3 bedroom flats with parking for 5 cars, space for more. Front and back staircase, walk up attic storage. Newer roof was complete replacement. Newer electric, ceiling, laundry, stoves and Modern furnace. Great Location. Excellent as investment or for owner occupant. Close to campus- and just steps from Westcott Theater, shopping, services. Fully leased through 20-21 school year at $2320/mo plus utilities. A great return on your dollar.
-
2021-02-25soldstatus $168,000
Show marketing remark (534 chars)
University property - Well maintained brick 2 family home near Syracuse University. 2 spacious 3 bedroom flats with parking for 5 cars, space for more. Front and back staircase, walk up attic storage. Newer roof was complete replacement. Newer electric, ceiling, laundry, stoves and Modern furnace. Great Location. Excellent as investment or for owner occupant. Close to campus- and just steps from Westcott Theater, shopping, services. Fully leased through 20-21 school year at $2320/mo plus utilities. A great return on your dollar.
-
2020-12-01status Pending Sale 534-char remark
Show marketing remark (534 chars)
University property - Well maintained brick 2 family home near Syracuse University. 2 spacious 3 bedroom flats with parking for 5 cars, space for more. Front and back staircase, walk up attic storage. Newer roof was complete replacement. Newer electric, ceiling, laundry, stoves and Modern furnace. Great Location. Excellent as investment or for owner occupant. Close to campus- and just steps from Westcott Theater, shopping, services. Fully leased through 20-21 school year at $2320/mo plus utilities. A great return on your dollar.
-
2020-11-16status Active 534-char remark
Show marketing remark (534 chars)
University property - Well maintained brick 2 family home near Syracuse University. 2 spacious 3 bedroom flats with parking for 5 cars, space for more. Front and back staircase, walk up attic storage. Newer roof was complete replacement. Newer electric, ceiling, laundry, stoves and Modern furnace. Great Location. Excellent as investment or for owner occupant. Close to campus- and just steps from Westcott Theater, shopping, services. Fully leased through 20-21 school year at $2320/mo plus utilities. A great return on your dollar.
-
2020-07-23status Under Contract- Do Not Show 534-char remark
Show marketing remark (534 chars)
University property - Well maintained brick 2 family home near Syracuse University. 2 spacious 3 bedroom flats with parking for 5 cars, space for more. Front and back staircase, walk up attic storage. Newer roof was complete replacement. Newer electric, ceiling, laundry, stoves and Modern furnace. Great Location. Excellent as investment or for owner occupant. Close to campus- and just steps from Westcott Theater, shopping, services. Fully leased through 20-21 school year at $2320/mo plus utilities. A great return on your dollar.
-
2020-07-17$179,900 Active 534-char remark
Show marketing remark (534 chars)
University property - Well maintained brick 2 family home near Syracuse University. 2 spacious 3 bedroom flats with parking for 5 cars, space for more. Front and back staircase, walk up attic storage. Newer roof was complete replacement. Newer electric, ceiling, laundry, stoves and Modern furnace. Great Location. Excellent as investment or for owner occupant. Close to campus- and just steps from Westcott Theater, shopping, services. Fully leased through 20-21 school year at $2320/mo plus utilities. A great return on your dollar.
-
2017-01-06soldstatus $153,000
-
2016-12-29soldstatus $166,000 Closed Sale or Rented
-
2016-11-08historical Under Contract- Do Not Show
-
2016-10-31$99,000 Active
ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot
backfill from property_details.listing_events for pre-trigger history.
Tax reassessment forecast NY · Partial reset (capped growth)
- Current annual tax
- $1,898 · $158/mo
- Projected year-2 tax
- $3,442 · $287/mo
- Expected delta
- +$1,544/yr (+$129/mo · 81.3%)
ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.
Climate risk First Street
- Flood 1/10 Low FEMA zone X (unshaded) · 0% chance over 30 yrs
- Wildfire 1/10 Low
- Heat 3/10 Moderate 7 d/yr ≥94°F today · 14 d/yr by 30 yrs out
- Wind 1/10 Low 100% chance of damaging wind over 30 yrs
- Air quality 2/10 Low 0 unhealthy d/yr today · 1 by 30 yrs out
Nearby sold comps map
Loading sold comps map…
Walkable amenities ~0.75 mi
Loading nearby amenities…
Taxation est. · year 1
- Rental income
- $46,584
- − Mortgage interest
- −$16,525
- − Property taxes
- −$1,898
- − Insurance
- −$1,475
- − Repairs & maintenance
- −$3,727
- − Management
- −$3,727
- − Depreciation
- −$8,582
- Taxable income
- $10,651
- Est. tax owed @ 24.0%
- −$2,556
- After-tax cash flow
- $12,308/yr
For passive investors: Depreciation is non-cash, so a rental often shows a tax loss while cash-flowing — sheltering income. Rental losses are passive: they offset passive income freely, and up to $25,000/yr can offset ordinary (W-2) income if you actively participate and your MAGI is under $100k (phasing out to $0 by $150k); unused losses carry forward. On sale, claimed depreciation is recaptured at up to 25%, and gains may owe capital-gains tax (a 1031 exchange can defer both). Figures are a year-1 estimate at your 24.0% rate — not tax advice; consult a CPA.
Condition & rehab AI · 2 photos
This multi-family home requires extensive repairs and updates to its exterior, interior, and systems. Significant improvements to the roof, siding, landscaping, and interior would greatly increase its value.
Repairs flagged
- Major roof — Visible damage and potential leaks.
- Major siding — Signs of wear and tear, with some areas appearing loose or damaged.
- Major landscaping — Overgrown and needs trimming.
- Major fencing — Broken or missing sections.
- Major kitchen and bathrooms — Signs of wear and tear.
- Major flooring — Signs of wear and tear.
- Major interior walls and paint — Signs of wear and tear.
- Major HVAC and mechanical systems — Signs of wear and tear.
- Major foundation and structure — Signs of wear and tear.
Value-add opportunities
- Both roof replacement — A new roof would significantly improve the home's appearance and functionality. ↑
- Both exterior painting and repairs — A fresh coat of paint and repairs to the siding and fencing would improve the home's curb appeal. ↑
- Both landscaping and fencing repairs — A well-maintained landscape and repaired fencing would enhance the home's curb appeal and increase its value. ↑
- Both kitchen and bathroom updates — Updating the kitchen and bathrooms would improve the home's functionality and increase its value. ↑
- Both flooring replacement — Replacing worn-out flooring would improve the home's functionality and increase its value. ↑
- Both interior painting and repairs — Painting and repairing interior walls would improve the home's functionality and increase its value. ↑
- Both HVAC and mechanical system upgrades — Upgrading the HVAC and mechanical systems would improve the home's functionality and increase its value. ↑
- Both foundation and structure repairs — Repairing the foundation and structure would improve the home's functionality and increase its value. ↑
ⓘ Rehab cost is a screening estimate — Moderate scope × the home's square footage at US $/sqft rules of thumb (the same model as the Flip Finder). Get contractor quotes + a written scope before underwriting.
Zoned Schools
Schools (NCES district)
- District
- Syracuse City School District
- NCES district ID
- 3628590
- Math proficiency
- 18% ▼ -5.00%
- Reading proficiency
- 26% ▬ 0.00%
- Median HH income
- $32,097
- Composite
- 17.83/100
- National rank
- #9007
- State rank
- #590 of 590 in NY
Livability — Syracuse
- Score
- 77/100
- State rank
- #187
- US rank
- #2869
Category grades
Schools grade is shown separately in the Schools card above.
Census & demographics
- Census place
- Syracuse, NY
- County
- Onondaga County · 467,894 people
- City population
- 152,627
- Metro
- Syracuse, NY
- Population (ZIP)
- 19,803
- Household income
- $41,738
- Rent vs Own
- Severe rent burden
- 13% of renters
Population outlook (Onondaga County) Hauer SSP2
- Today (2025)
- 467,894 people
- By 2030
- 463,381 · -1.0%
- By 2040
- 447,697 · -4.3%
- By 2050
- 426,399 · -8.9%
- By 2075
- 373,661 · -20.1%
- By 2100
- 307,967 · -34.2%
Race, ethnicity, and origin ACS 2023
- Neighborhood character
- Diverse neighborhood (Simpson 0.61)
- Race & ethnicity
- White 58% Black 18% Asian 9% Hispanic / Latino 9% Two or more races 8%
- Hispanic origin (detail)
- Puerto Rican 3%
- Common ancestry
- Romanian 3% Lithuanian 3% Italian 2%
- Foreign-born
- 18% · China, Canada, South Korea
- Languages at home
- 78% English-only · Chinese 5% Spanish 4% Other Indo-European 2%
Political lean MEDSL · Onondaga
- 2024 margin
- D (+17.3) · D 58.6% · R 41.4%
- 2008→2024 swing
- -3.0pp toward R · 2008: 20.3pp · 2024: 17.3pp
- All cycles
- 2024: D+17.3 2020: D+20.6 2016: D+12.8 2012: D+21.1 2008: D+20.3
Not yet ingested
- Civics
- —
Market trends
- HPI YoY
- ▼ -37.59%
- Current HPI
- 378.0277
- Rent YoY
- ▲ 11.18%
- Metro
- Syracuse, NY
- State GDP YoY
- ▲ 2.60%
- F500 in state
- 92
Industry mix (Fortune 500 HQ in NY)
| Industry | F500 HQs | Revenue |
|---|---|---|
| Financial Services | 10 | $950B |
|
||
| Consumer Goods | 9 | $162B |
|
||
| Insurance | 4 | $225B |
|
||
| Telecommunications | 2 | $144B |
|
||
| Pharmaceuticals | 2 | $112B |
|
||
| Media / Entertainment | 2 | $69B |
|
||
Price history
+198.0% since first listed15 events — show timeline
- 2026-08-18 Listed $295,000 CNYIS
- 2021-07-30 Listing Removed — CNYIS
- 2021-06-22 Price Changed $184,900 CNYIS
- 2021-06-03 Price Changed $189,900 CNYIS
- 2021-05-07 Listed $194,900 CNYIS
- 2021-02-25 Sold (Public Records) $168,000 Public Records
- 2021-02-25 Sold (MLS) $168,000 CNYIS
- 2020-12-01 Pending — CNYIS
- 2020-11-16 Relisted — CNYIS
- 2020-07-23 Pending — CNYIS
- 2020-07-17 Listed $179,900 CNYIS
- 2017-01-06 Sold (Public Records) $153,000 Public Records
- 2016-12-29 Sold (MLS) $166,000 CNYIS
- 2016-11-08 Contingent — CNYIS
- 2016-10-31 Listed $99,000 CNYIS
Property tax history
+2.1%/yrLatest (2025): $1,898 · -0.8% YoY. Source: county tax records.
Cash-flow waterfall
monthlySold comps — $/sqft
last 12 mo · ≤1 miLoading sold comps…