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101 Comstock Ave 10 Unit Apartment Building $1,150,000 ($115,000/Unit) Syracuse, NY 13210
EXECUTIVE SUMMARY
This ten-unit apartment building, located on the corner of Comstock Avenue and East Genesee Street in the heart of Syracuse’s coveted student rental market, offers an exceptional opportunity for investors seeking both stability and upside. The property features a well-balanced mix of studio-, one-, two-, and three-bedroom units with high ceilings, abundant natural light, and charming hardwood floors that create a warm, inviting atmosphere. Each unit is separately metered for utilities, and off-street parking is available, an added bonus. Right next to businesses, other apartments, and coffee shops and just steps from Syracuse University. Also, the building sits directly across from the highly anticipated $90 million "Rosie" development, which will bring 286 new apartments and retail space to the 1300 block of East Genesee Street. Surrounded by expanding amenities, public transit access, and consistent rental demand, this property offers a rare combination of immediate performance and long-term appreciation potential.
PROPERTY FACTS
| Price | $1,150,000 | Building Class | C |
| Price Per Unit | $115,000 | Lot Size | 0.24 AC |
| Sale Type | Investment | Building Size | 6,711 SF |
| Sale Condition | 1031 Exchange | Average Occupancy | 60% |
| No. Units | 10 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1940 |
| Property Subtype | Apartment | Parking Ratio | 0.75/1,000 SF |
| Apartment Style | Low-Rise | Opportunity Zone |
Yes
|
| Zoning | R4 - Future R4 designation in the Syracuse ReZone. | ||
| Price | $1,150,000 |
| Price Per Unit | $115,000 |
| Sale Type | Investment |
| Sale Condition | 1031 Exchange |
| No. Units | 10 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.24 AC |
| Building Size | 6,711 SF |
| Average Occupancy | 60% |
| No. Stories | 2 |
| Year Built | 1940 |
| Parking Ratio | 0.75/1,000 SF |
| Opportunity Zone |
Yes |
| Zoning | R4 - Future R4 designation in the Syracuse ReZone. |
AMENITIES
UNIT AMENITIES
- Cable Ready
- Kitchen
- Refrigerator
- Oven
- Range
- Tub/Shower
SITE AMENITIES
- Laundry Facilities
- Gas Range
- Public Transportation
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| Studios | 2 | $900.00 | - |
| 1+1 | 6 | $1,000 | - |
| 2+1 | 1 | $1,200 | - |
| 3+2 | 1 | $1,650 | - |
1 1
Walk Score®
Very Walkable (80)
PROPERTY TAXES
| Parcel Number | 311500-047-000-0017-028-000-0000 | Improvements Assessment | $392,000 |
| Land Assessment | $123,000 | Total Assessment | $515,000 |
PROPERTY TAXES
Parcel Number
311500-047-000-0017-028-000-0000
Land Assessment
$123,000
Improvements Assessment
$392,000
Total Assessment
$515,000
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101 Comstock Ave
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