406 Park Avenue, Syracuse

$ 300,000

Overview

  • Updated On:
  • September 11, 2026
  • 4,655.00 ft2 Interior
  • 5 Bedrooms
  • 0.21 ac Acres

Description

Investment Opportunity!

This 5-unit apartment building offers an excellent opportunity for investors seeking immediate rental income with room to add value over time. The property features five spacious 1 bedroom apartments, each with hardwood floors, and is occupied by long-term tenants, providing steady cash flow from day one.

Conveniently located in a desirable area with easy access to major highways, public transportation, shopping, and everyday amenities, this property continues to attract and retain tenants.
Major infrastructure improvements have already been completed, including a new sewer line and new water line, reducing future maintenance concerns. While there is opportunity for cosmetic updates and continued improvements, the property is already producing income, making it an ideal investment for buyers looking to generate cash flow while building long-term equity.

Please note the MLS address is incomplete. The property is located at 406 N Geddes St and Park Ave (corner of Park Ave and Geddes St)

Property Location

Street: 406 Park Avenue
Tax Area: Syracuse City
County:
Postal City: Syracuse
State: NY
Zip: 13204
School District: Syracuse
Waterfront Y/N: No
HOA Y/N: No
Directions: Geddes Street to Park Ave Corner

Property Details

Property Id: 1135873
Price: $ 300,000
Property Size: 4,655.00 ft2
Property Lot Size: 0.21 ac
Bedrooms: 5
Waterfront Y/N: No
Basement: Full, WalkOutAccess, SumpPump
Bedrooms Total: 5
Building Sq Ft Total: 4655
Community Features: None
Directions: Geddes Street to Park Ave Corner
Electric: CircuitBreakers, Fuses
Elementary School District: Syracuse
Flooring: Hardwood, Laminate, Varies
Heating: Other, SeeRemarks, HotWater
High School District: Syracuse
Latitude: 43.052258
Laundry Features: CommonArea
List Office Name: Brick and Linen LLC
List Office Phone: 202-507-1864
List Price: 300000
Listing Id: S1697906
Living Sq Ft: 4655
Longitude: -76.163506
Lot Features: CornerLot, Rectangular, RectangularLot
Acres: 0.2066
Lot Acres: 0.2066
Lot Dimensions: 90X100
Middle School District: Syracuse
Status: ActiveUnderContract
Operating Expense Includes: Electric, Fuel, Insurance, Maintenance, Utilities, WaterSewer
Photos: 7
Possession: Closing
Postal City: Syracuse
Zip Code: 13204
Description: Investment Opportunity! This 5-unit apartment building offers an excellent opportunity for investors seeking immediate rental income with room to add value over time. The property features five spacious 1 bedroom apartments, each with hardwood floors, and is occupied by long-term tenants, providing steady cash flow from day one. Conveniently located in a desirable area with easy access to major highways, public transportation, shopping, and everyday amenities, this property continues to attract and retain tenants. Major infrastructure improvements have already been completed, including a new sewer line and new water line, reducing future maintenance concerns. While there is opportunity for cosmetic updates and continued improvements, the property is already producing income, making it an ideal investment for buyers looking to generate cash flow while building long-term equity. Please note the MLS address is incomplete. The property is located at 406 N Geddes St and Park Ave (corner of Park Ave and Geddes St)
Rent Includes: SnowRemoval, TrashCollection, Water
Roof: Asphalt
StateOrProvince: NY
Stories: 3
Street Name: Park
Street Number: 406
Street Number Numeric: 406
Street Suffix: Avenue
Total Taxes: 6051
Assessed Value: 101000
Town: Not Applicable
Utilities: ElectricityConnected, HighSpeedInternetAvailable, SewerConnected, WaterConnected
Water Source: Connected, Public
Year Built: 1940
YearBuiltDetails: Existing

Amenities and Features

Other Features
Basement Y/N 1
BlacktopDriveway
CeilingFans
ElectricCooktop
GasOven
GasRange
GasWaterHeater
Has Heating System
Refrigerator

Virtual Tour

Map

Courtesy Of : Brick and Linen LLC
202-507-1864

The data relating to real estate on this website comes in part from the Internet Data Exchange (IDX) Program of NYSAMLS’s. Real estate listings held by firms other than Edelweiss Properties Realtors, LLC are marked with the IDX logo and include the Listing Brokerage’s Name and Phone Number.

All information is deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change, or withdrawal. Neither the Listing Brokerage nor Edelweiss Properties Realtors, LLC shall be responsible for any typographical errors, misinformation, misprints, and shall be held totally harmless. All rights reserved.

Payment Calculator

$ 1,538.16
per month
  • Principal and Interest
  • Property Tax
  • HOA fee
$ 1,163.16

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