221 Grace Street, Syracuse, NY 13204 (MLS # S1604093)
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Excellent investment opportunity on Syracuse’s West Side with strong income potential and owner-occupant flexibility. This well-maintained duplex features two spacious 3-bedroom, 1-bath units with separate utilities — a key advantage for reducing landlord expenses. The first-floor unit has been recently renovated and is move-in ready, while the second-floor unit is tenant occupied, offering immediate rental income. With only one unit currently leased, this is an ideal setup for an investor looking to live in one unit while renting the other, or for a full lease-up to maximize returns. The property boasts hardwood floors, generous room sizes, and a clean, well-kept interior throughout. A large detached garage provides additional value for storage and the spacious yard adds outdoor appeal for tenants or future improvements. Projected gross annual rent exceeds $25,000 when fully occupied, making this a solid cash-flowing asset in a growing rental market.
| DAYS ON MARKET | 1 | LAST UPDATED | 5/13/2025 |
|---|---|---|---|
| YEAR BUILT | 1900 | COMMUNITY | Syracuse City-311500 |
| GARAGE SPACES | 1.0 | COUNTY | Onondaga |
| STATUS | Active | PROPERTY TYPE(S) | Multi Family |
| School District | Syracuse |
|---|
| ADDITIONAL DETAILS | |
| APPLIANCES | Gas Water Heater |
|---|---|
| AREA | Syracuse City-311500 |
| BASEMENT | Full, Yes |
| CONSTRUCTION | Composite Siding, Copper Plumbing |
| EXTERIOR | Balcony, Fence |
| GARAGE | Yes |
| HEAT | Forced Air, Gas |
| LOT | 1.36 acre(s) |
| LOT DESCRIPTION | Near Public Transit, Rectangular, Rectangular Lot, Residential Lot |
| LOT DIMENSIONS | 50x132 |
| PARKING | Paved,Two or More Spaces |
| SEWER | Connected |
| STORIES | 2 |
| STYLE | Duplex |
| TAXES | 1854 |
| UTILITIES | Sewer Connected,Water Connected, Electric - Circuit Breakers |
| WATER | Connected,Public |
MORTGAGE CALCULATOR
TOTAL MONTHLY PAYMENT
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Listing provided by: Ryan Yamini, Hunt Real Estate ERA
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