TRIPLE INCOME OPPORTUNITY IN SYRACUSE
Welcome to this exceptional multi-family property offering three units each with three bedrooms and full bath. The property has two separate buildings, the three bedroom single family home and the additional building has two units, each with three bedrooms. This investment opportunity comes with the convenience of separate meters for each unit, allowing for straightforward utility management and billing.
The single family home has just been renovated with a new kitchen, bathroom, LVT flooring, new carpet, new electrical, and paint in June, 2025. The two family home has also just been updated with new LVT flooring, carpet, lighting, electrical service, and paint. All electrical systems have been professionally serviced as of June 2025, ensuring safety and hazard free spaces. These are turn key units, with no tenants , giving you the opportunity to get premium rents totaling at $61k + annually.
One standout feature is the spacious double lot, providing ample outdoor space for gardens, kids to play, or building another structure—a rarity in multi-family properties. The private yard offers tenants a peaceful retreat while giving investors flexibility for future development.
The property also benefits from recent tree maintenance completed in May 2025, eliminating any insurance concerns, and very little outdoor maintenance. Landscaping was also completed in June 2025 with stone, which is also keeps the outdoor maintenance minimal.
This triple-income generator combines immediate rental potential with long-term appreciation in a growing Syracuse neighborhood. With its thoughtful updates, separate utilities, and expansion potential, this multi-family investment property offers the perfect blend of potential income and future growth opportunity.
Under contract
Price cut: $24K (7/18)
$235,900
617 Carbon St, Syracuse, NY 13208
9beds
4,084sqft
Multi Family
Built in 1900
-- sqft lot
$-- Zestimate®
$58/sqft
$-- HOA
What's special
Private yardRecent tree maintenanceAmple outdoor spaceNew carpetLvt flooringSpacious double lotNew kitchen
- 45 days
- on Zillow |
- 305 |
- 22 |
Zillow last checked: 7 hours ago
Listing updated: July 23, 2025 at 04:25pm
Listing by:
Oak Tree Real Estate 315-727-9177,
Andrew Zellar 315-401-1162
Source: NYSAMLSs,MLS#: S1617201
Originating MLS: Syracuse

Travel times
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 9
- Bathrooms: 3
- Full bathrooms: 3
Heating
- Gas, Forced Air
Appliances
- Included: Gas Water Heater
Features
- Flooring: Carpet, Laminate, Varies
- Basement: Full
- Has fireplace: No
Interior area
- Total structure area: 4,084
- Total interior livable area: 4,084 sqft
Video & virtual tour
Property
Parking
- Parking features: Paved
Features
- Levels: Two
- Stories: 2
Lot
- Size: 0.32 Acres
- Dimensions: 70 x 198
- Features: Near Public Transit, Rectangular, Rectangular Lot, Residential Lot
Details
- Parcel number: 31150000700000290160000000
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Aluminum Siding
Condition
- Resale
- Year built: 1900
Utilities & green energy
- Sewer: Connected
- Water: Connected, Public
- Utilities for property: Sewer Connected, Water Connected
Community & HOA
Location
- Region: Syracuse
Financial & listing details
- Price per square foot: $58/sqft
- Tax assessed value: $65,000
- Annual tax amount: $2,722
- Date on market: 6/23/2025
- Listing terms: Cash,Conventional
- Tenant pays: All Utilities
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