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Judy Hinman

judy.hinman@yahoo.com +1(315) 794-8305

$ 309,800

Est. payment -/mo

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Active Under Contract

125 Kensington & Lancaster RD Syracuse, NY 13210

5 Beds

2 Baths

2,154 SqFt

UPDATED:

Key Details

Property Type Multi-Family, Mobile Home

Sub Type Multi Family

Listing Status Active Under Contract

Purchase Type For Sale

Square Footage 2,154 sqft

Price per Sqft $143

Subdivision University Hill

MLS Listing ID S1679901

Style Duplex

Bedrooms 5

Full Baths 2

Construction Status Existing

HOA Y/N No

Year Built 1915

Annual Tax Amount $7,491

Lot Size 5,279 Sqft

Acres 0.1212

Lot Dimensions 132X40

Property Sub-Type Multi Family

Property Description

University area gem! This high-performing corner-unit multifamily spans three stories, each with a dedicated private entrance, generating $3,600/month in combined rental income across two fully leased units. The ground-floor 1BD/1BA is leased at $1,400/month through July 2027, and the 4BD/1BA upper unit commands $2,200/month — with lease renewal discussions actively underway (2 out of 4 rooms are leased through July 2027). Square footage is increased by 700 sq ft as the City of Syracuse approved a 4th bedroom and living room with sprinkler system on the 3rd floor as additional living space. Both units feature a renovated bathroom, 2 dedicated parking spaces in the backyard, and ample natural light throughout.

Location simply doesn't get better for student and professional rentals — the Centro Bus Station sits directly in front of the property, with buses running every 10 minutes. Pair that with proximity to Syracuse University, major hospitals, downtown dining, shopping, parks, and you have a property that practically rents itself.

Whether you're expanding your portfolio or house-hacking your way to financial independence, this versatile, character-rich property delivers exceptional value, reliable income, and serious upside in one of Syracuse's most in-demand rental corridors.

Location

State NY

County Onondaga

Community University Hill

Area Syracuse City-311500

Direction Take Euclid Ave to left on Lancaster to home on corner of Lancaster and Kensington on right.

Rooms

Basement Full

Interior

Interior Features Attic, Cedar Closet(s), Programmable Thermostat

Heating Gas, Forced Air

Flooring Laminate, Resilient, Varies, Vinyl

Fireplace No

Appliance Gas Water Heater

Laundry Common Area

Exterior

Exterior Feature Balcony, Deck

Community Features Trails/Paths

Utilities Available Sewer Connected, Water Connected

Roof Type Architectural,Shingle

Porch Balcony, Deck

Building

Lot Description Corner Lot, Rectangular, Rectangular Lot, Residential Lot

Story 3

Foundation Block

Sewer Connected

Water Connected, Public

Architectural Style Duplex

Structure Type Vinyl Siding,Wood Siding,PEX Plumbing

Construction Status Existing

Schools

School District Syracuse

Others

Senior Community No

Tax ID 311500-052-000-0010-018-000-0000

Acceptable Financing Cash, Conventional, FHA, VA Loan

Listing Terms Cash, Conventional, FHA, VA Loan

Special Listing Condition Standard

Virtual Tour https://www.propertypanorama.com/instaview/syr/S1679901

Listed by NextHome CNY Realty

NEARBY SCHOOLS & PROPERTIES

Judy Hinman

Lic. RE Salesperson | License ID: 40HI1104699

+1(315) 794-8305

Judy Hinman

125 Kensington & Lancaster RD Syracuse, NY 13210

Key Details

Location

Rooms

Interior

Exterior

Building

Schools

Others

NEARBY SCHOOLS & PROPERTIES

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