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318 E Division St

Syracuse NY 13208

4
6366 sq. ft.
3267 sq. ft.
Other
Currently for sale - view listing

Overview

5-Unit Mixed-Use | 11% Cap Rate | Priced for Immediate Equity Excellent opportunity to acquire a 5-unit mixed-use investment in Syracuse featuring 4 residential apartments and 1 commercial storefront. This asset is being offered at an 11% cap rate and is priced aggressively at $400,000 for a quick sale—despite a December appraisal of $540,000, creating $190,000 in instant equity! Property Highlights: 5 total units: 4 residential + 1 commercial Strong income profile with stable tenancy Current Certificate of Compliance Only 1 unit currently vacant Vacant unit can be leased prior to closing if the buyer prefers a fully stabilized asset Appraised at $540,000 (Dec.) – asking just $350,000 11% cap rate at offering price Ideal for cash investors This property is well-suited for investors seeking high yield, mixed-use diversification, and immediate upside through lease-up or long-term hold. Flexible closing options and lease-up coordination available.

Features

4 bedrooms
6366 sq. ft. floor area
3267 sq. ft. lot size
Other

Property history for 318 E Division St

2025
Sold
$285,000
17 Jun 2025 by Zachary Johnson, of ACROPOLIS REALTY GROUP LLC - Syracuse
2022
Sold
$245,000
21 Dec 2022 by Zachary Johnson, of Hunt Real Estate Era
2019
Sold
$125,000
30 Oct 2019 by Laurie Burlingame, of Procopio Real Estate, Inc.

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