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514 Highland St, Syracuse, NY, 13203

4beds
4baths
5,037sqft
$199,000
$40price/sqft
$2,351/moest. monthly cost
$94,040/yrincome needed

About This Home

AN EXCELLENT INVESTMENT OPPORTUNITY AWAITS ON SYRACUSE'S NORTHSIDE WITH THIS MIXED-USE PROPERTY GENEREATING IMMEDIATE CASH FLOW! Currently bringing in a total of $3,750 per month in gross income, this property offers a rare combination of residential and commercial rental streams. The ground floor features a long-standing, fully operational grocery store on a lease that runs through June 2026, providing stable, ongoing commercial income. Also on the first floor is a rented studio apartment. Upstairs, the second floor houses two additional rental units: a 3-bedroom apartment renting for $1,400/month, and a 1-bedroom apartment at $700/month. All residential tenants are on month-to-month leases, giving new ownership flexibility for rent increases or future upgrades. Whether you're expanding your portfolio or looking for a cash-flowing asset in a high-demand area, this property checks all the boxes. Delayed showings until Tuesday 8/12/25.

Getting Around

79
WalkingVery Walkable
45
TransitSome Transit
55
BikeBikeable

Schools

3/10
2/10
Lincoln Middle SchoolGrades 6-80.8 mi
1/10
Henninger High SchoolGrades 9-121.1 mi

Construction

Condition

  • Property condition: Resale
  • Year built: 1900

Materials

  • Foundation: Stone
  • Roof: Asphalt,Shingle
  • Construction materials: Aluminum Siding,Shake Siding,Vinyl Siding

Type & Style

  • Home type: MultiFamily
  • Architectural style: Fourplex
  • Property subType: Mixed Use,Quadruplex,Multi Family

Interior

Appliances

  • Appliances included: Gas Water Heater

Basement

  • Has basement: Yes
  • Basement: Full

Bedrooms & Bathrooms

  • Bedrooms: 4
  • Bathrooms: 4
  • Full bathrooms: 3
  • 1/2 bathrooms: 1

Features

  • Flooring: Varies,Vinyl

Heating

  • Heating features: Gas,Forced Air

Interior Area

  • Total structure area: 5,037
  • Total interior livable area: 5,037 sqft

Property

Details

  • Parcel number: 31150001600000110160000000
  • Zoning description: Residential Multi Use
  • Special condition: Standard

Features

  • Levels: Two
  • Stories: 2
  • Patio & porch: Balcony
  • Exterior features: Balcony

Lot

  • Lot size: 3,301 sqft
  • Features: Corner Lot,Near Public Transit,Rectangular,Rectangular Lot,Residential Lot
  • Lot size dimensions: 33 x 100

Parking

  • Parking features: Paved,Two or More Spaces