514 Highland Street, Syracuse

$ 175,000

Overview

  • Updated On:
  • July 12, 2026
  • 5,037.00 ft2 Interior
  • 4 Bedrooms
  • 4 Bathrooms
  • 0.08 ac Acres

Description

AN EXCELLENT INVESTMENT OPPORTUNITY AWAITS ON SYRACUSE’S NORTHSIDE WITH THIS MIXED-USE PROPERTY GENEREATING IMMEDIATE CASH FLOW! Currently bringing in a total of $3,750 per month in gross income, this property offers a rare combination of residential and commercial rental streams. The ground floor features a long-standing, fully operational grocery store on a lease that runs through June 2026, providing stable, ongoing commercial income. Also on the first floor is a rented studio apartment. Upstairs, the second floor houses two additional rental units: a 3-bedroom apartment renting for $1,400/month, and a 1-bedroom apartment at $700/month. All residential tenants are on month-to-month leases, giving new ownership flexibility for rent increases or future upgrades. Whether you’re expanding your portfolio or looking for a cash-flowing asset in a high-demand area, this property checks all the boxes. Delayed showings until Tuesday 8/12/25.

Property Location

Street: 514 Highland Street
Tax Area: Syracuse City
County:
Postal City: Syracuse
State: NY
Zip: 13203
School District: Syracuse
Waterfront Y/N: No
HOA Y/N: No
Directions: From James St & Lodi, take Lodi to Seward St, follow Seward to Graves, take a right on Graves St. up one block is the corner of Graves and Highland St.

Property Details

Property Id: 555103
Price: $ 175,000
Property Size: 5,037.00 ft2
Property Lot Size: 0.08 ac
Bedrooms: 4
Bathrooms: 4
Waterfront Y/N: No
Architectural Style: Fourplex
Basement: Full
Bathrooms Full: 3
Bathrooms Half: 1
Bathrooms Total: 4
Bedrooms Total: 4
Building Sq Ft Total: 5037
Directions: From James St & Lodi, take Lodi to Seward St, follow Seward to Graves, take a right on Graves St. up one block is the corner of Graves and Highland St.
Elementary School: Other - See Remarks
Elementary School District: Syracuse
Flooring: Varies, Vinyl
Foundation Details: Stone
Heating: Gas, ForcedAir
High School: Henninger High
High School District: Syracuse
Latitude: 43.061182
Levels: Two
List Office Name: Bell Home Team
List Office Phone: 315-216-7648
List Price: 175000
Listing Id: S1628986
Living Sq Ft: 5037
Longitude: -76.141052
Lot Features: CornerLot, NearPublicTransit, Rectangular, RectangularLot, ResidentialLot
Acres: 0.0758
Lot Acres: 0.0758
Lot Dimensions: 33X100
Middle School: Lincoln Middle
Middle School District: Syracuse
Status: Active
Operating Expense Includes: Insurance, Maintenance, WaterSewer
Patio & Porch Features: Balcony
Photos: 17
Possession: CloseOfEscrow
Postal City: Syracuse
Zip Code: 13203
Description: AN EXCELLENT INVESTMENT OPPORTUNITY AWAITS ON SYRACUSE'S NORTHSIDE WITH THIS MIXED-USE PROPERTY GENEREATING IMMEDIATE CASH FLOW! Currently bringing in a total of $3, 750 per month in gross income, this property offers a rare combination of residential and commercial rental streams. The ground floor features a long-standing, fully operational grocery store on a lease that runs through June 2026, providing stable, ongoing commercial income. Also on the first floor is a rented studio apartment. Upstairs, the second floor houses two additional rental units: a 3-bedroom apartment renting for $1, 400/month, and a 1-bedroom apartment at $700/month. All residential tenants are on month-to-month leases, giving new ownership flexibility for rent increases or future upgrades. Whether you're expanding your portfolio or looking for a cash-flowing asset in a high-demand area, this property checks all the boxes. Delayed showings until Tuesday 8/12/25.
Rent Includes: Water
Road Frontage: CityStreet
Roof: Asphalt, Shingle
StateOrProvince: NY
Stories: 2
Street Name: Highland
Street Number: 514
Street Number Numeric: 514
Street Suffix: Street
Total Taxes: 3361
Assessed Value: 40000
Tenant Pays: AllUtilities
Town: Not Applicable
Utilities: CableAvailable, HighSpeedInternetAvailable, SewerConnected, WaterConnected
Water Source: Connected, Public
Year Built: 1900
YearBuiltDetails: Existing
Zoning Description: Residential Multi Use

Amenities and Features

Other Features
Balcony
Basement Y/N 1
GasWaterHeater
Has Heating System

Virtual Tour

Map

Courtesy Of : Bell Home Team
315-216-7648

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

$ 897.26
per month
  • Principal and Interest
  • Property Tax
  • HOA fee
$ 678.51

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