416-22 Boston Street Syracuse, NY 13206
Listing by: NYS ALLIANCE / Hunt Real Estate Era

  416-22 Boston Street Syracuse, NY 13206

Active (54 Days)
$1,399,000
10
BED
4,704
SQFT

Description

Incredible 10-unit investment opportunity with strong rental income and major recent updates! This well-maintained property features a 2-year-old roof, newer furnaces and hot water tanks, plus a new driveway and retaining wall completed within the past year. Most units have been updated. 9 out of 10 units are fully rented, generating solid monthly income. The one current vacancy is being fully renovated—projected gross income around $129,300 annually once fully occupied. There is additional upside with room to increase rents to current market rates over time. The property also features coin-operated laundry and tenant storage units for added income. With major improvements already completed and a projected cap rate over 5% when fully rented, this is a true plug-and-play investment for any portfolio. Don’t miss your chance to secure this high-performing asset!

MLS #:
S1594889
Taxes
$17,156
Lot Size
8,712 SQFT
Type
Multifamily
Year Built
1955
School District
Syracuse
County
Onondaga County
Community
Eastwood Heights

Listed By

Alicia Turner, Hunt Real Estate Era
Source
NYS ALLIANCE
Last checked May 17 2025 at 8:07 PM GMT+0000
Bathroom Details
Interior Features
  • Electric Oven
  • Electric Range
  • Gas Water Heater
  • Refrigerator
Subdivision
  • Eastwood Heights
Lot Information
  • Near Public Transit
  • Rectangular
  • Residential Lot
Property Features
  • Fireplace: 0
Heating and Cooling
  • Forced Air
  • Gas
Basement Information
  • Full
Flooring
  • Varies
  • Vinyl
Exterior Features
  • Roof: Asphalt
  • Roof: Shingle
Utility Information
  • Utilities: Cable Available, High Speed Internet Available, Sewer Connected, Water Connected, Water Source: Connected, Water Source: Public
  • Sewer: Connected
Parking
  • Driveway
  • No Garage
  • One Space
  • Shared Driveway
Stories
  • 3
Living Area
  • 4,704 sqft
Location
   
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Disclaimer: Copyright 2025 New York State Alliance. All rights reserved. This information is deemed reliable, but not guaranteed. The information being provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated 5/17/25 13:07