Fantastic opportunity to own a University area multifamily in Syracuse! This spacious property offers strong income potential and flexibility for both investors and owner-occupants. Featuring two units with generous living spaces, hardwood floors, and classic architectural charm, this property blends character with functionality. First floor generates $1400/mo and new lease is from June 26, 2026 to July 31, 2027. This unit is a 1 bedroom/1 bathroom, and 2nd floor generates $2200/mo and lease expires July 31, 2026. This unit is a 4 bedroom/1 bathroom. Each unit offers comfortable layouts with ample natural light, making it attractive for tenants in a high-demand rental area near Syracuse University, hospitals, and downtown. The property includes separate living areas, sizable bedrooms, and a layout ideal for steady rental income or house-hacking. Newer vinyl siding, updated kitchen, newer flooring, newer windows, & newer hot water heater. Includes free basement laundry. Virtual staging highlight the home's potential, while the exterior offers a welcoming front porch. Conveniently located near shopping, restaurants, parks, and major highways, this is a prime location for long-term or student rental demand. Whether you're looking to expand your portfolio or live in one unit while generating income from the others, this property delivers excellent value and upside potential. Don't miss this opportunity to own a versatile, income-producing property in one of Syracuse's most sought-after rental corridors!
Listing By
Agency Name: NextHome CNY Realty
Agency Phone: 315-567-4663
Shown By
Agency Title: MJ Peterson Real Estate
Agency Phone: (716) 688-1234
Estimated Payment
$ 1,502.01 per month $776.06 Principal & Interest $624.25 Property Tax $101.70 Homeowner's Insurance
125 Kensington & Lancaster Road | MLS# S1674106
This home located at 125 Kensington & Lancaster Road, Syracuse, NY 13210 is currently listed for sale with an asking price of $348,700. This property was built in 1915 and has 5 bedrooms and 2 full baths with 2154 sq. ft. Kensington & Lancaster Road is located in the University Hill subdivision within the Syracuse school district. Search University Hill real estate on www.mjpeterson.com today.