Log In/Sign Up
Your email has been sent.
1312 Butternut St 48 Unit Apartment Building $3,645,000 ($75,938/Unit) 7.35% Cap Rate Syracuse, NY 13208
Investment Highlights
- Actual NOI $267,865
- Excellent occupancy
- Potential remaining for rent increase
- Many units updated and refreshed
- Convenient central location
Executive Summary
Available for sale is the newly-renovated and stabilized Butternut by the Park complex! Centrally located in the city of Syracuse, these buildings with 48 units benefit from strong rental demand, easy access to public transportation, a well-established neighborhood, and immediate proximity to Schiller Park. Plenty of parking, bright and airy units, refreshed wood floors and many updated kitchens and baths are offered to tenants at attractive prices, though there remains room for improvement. Benefit from Syracuse's growth and increase need for workforce housing with this well-established and reliable complex.
Financial Summary (Actual - 2025) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2025) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $3,645,000 | Property Subtype | Apartment |
| Price Per Unit | $75,938 | Apartment Style | Low-Rise |
| Sale Type | Investment | Building Class | C |
| Cap Rate | 7.35% | Lot Size | 1.60 AC |
| Gross Rent Multiplier | 6.97 | Building Size | 41,991 SF |
| No. Units | 48 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 1960 |
| Zoning | 002 - Residential | ||
| Price | $3,645,000 |
| Price Per Unit | $75,938 |
| Sale Type | Investment |
| Cap Rate | 7.35% |
| Gross Rent Multiplier | 6.97 |
| No. Units | 48 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 1.60 AC |
| Building Size | 41,991 SF |
| No. Stories | 3 |
| Year Built | 1960 |
| Zoning | 002 - Residential |
Amenities
Unit Amenities
- Microwave
- Heating
- Kitchen
- Hardwood Floors
- Refrigerator
- Vinyl Flooring
Site Amenities
- 24 Hour Access
- Controlled Access
- Laundry Facilities
- Smoke Free
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 13 | $765.00 | - |
| 2+1 | 32 | $1,050 | - |
| Studios | 3 | $775.00 | - |
1 1
Moderately walkable
70/100
Moderately drivable
70/100
Limited public transit
30/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 311500-010-000-0017-009-000-0000 | Total Assessment | $900,000 (2024) |
| Land Assessment | $132,500 (2024) | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $767,500 (2024) | Tax Year | 2025 |
Property Taxes
Parcel Number
311500-010-000-0017-009-000-0000
Land Assessment
$132,500 (2024)
Improvements Assessment
$767,500 (2024)
Total Assessment
$900,000 (2024)
Annual Taxes
($1) ($0.00/SF)
Tax Year
2025
1 of 42
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
1 of 1
Presented by
1312 Butternut St
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.