1516 Valley Dr, Syracuse, NY, 13207
About This Home
Welcome to 1516 Valley Dr, a fantastic mixed-use building situated in Syracuse, NY. The street front boasts a successful store and print shop while the back is a residential 3 bedroom, 1.5 bathroom apartment! Both units are currently rented out for a total gross monthly income of $2,300. This property presents terrific potential cashflow for an investor! Convenience is key, and this property delivers; nestled close to a wide variety of stores, restaurants, and shops, it also offers easy access to downtown Syracuse's vibrant amenities. Not to mention there is also off-street parking, a rare find in this bustling area! This property has the ability to be sold as a package with the one right next door, 1522 Valley Dr Syracuse, NY. MLS Number: S1666457. It does NOT need to be sold as a package.
Getting Around
Somewhat Walkable
Some Transit
BikeableSchools
Construction
Condition
- Property condition: Resale
- Year built: 1960
Materials
- Construction materials: Frame,Vinyl Siding
Type & Style
- Home type: MultiFamily
- Property subType: Multi Family
Interior
Appliances
- Appliances included: Gas Water Heater
Basement
- Has basement: Yes
- Basement: Full
Bedrooms & Bathrooms
- Bedrooms: 3
- Bathrooms: 4
- Full bathrooms: 1
- 1/2 bathrooms: 3
Features
- Flooring: Carpet,Hardwood,Laminate,Varies
Heating
- Heating features: Gas,Forced Air
Interior Area
- Total structure area: 2,619
- Total interior livable area: 2,619 sqft
Property
Details
- Parcel number: 31150007000000150090000000
- Special condition: Standard
Features
- Levels: Two
- Stories: 2
Lot
- Lot size: 4,251 sqft
- Features: Rectangular,Rectangular Lot
- Lot size dimensions: 40 x 106
Parking
- Parking features: Paved,Two or More Spaces
Climate Risk is Financial Risk
Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.
Biggest Threats for This Home
- Winter Weather
- Inland Flooding
- Ice Storm
- Lightning
- Strong Wind
How This Home’s Risks Compare
FEMA Declared Disasters in Onondaga County and New York
Understanding the Costs
Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.
Estimated Costs Today
| Monthly | Annual | |
|---|---|---|
| Mortgage | $909 | $10,908 |
| Home Insurance * | $113 | $1,356 |
| Property Taxes | $332 | $3,984 |
| Electricity | $432 | $5,193 |
| Total | $1,786 | $21,432 |
Income You'd Need if You Spent...
New York FAIR Plan Programs
How Costs Could Change Over Time
Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
Price History
| Date | Event | Price |
|---|---|---|
| 2026-03-19 | Listed for sale | $179,900 |
| 2025-12-31 | Listing removed | $184,900 |
| 2025-11-17 | Listed for sale | $184,900 |
| 2025-10-07 | Contingent | $184,900 |
| 2025-07-07 | Listed for sale | $184,900 |
| 2025-06-20 | Listing removed | $184,900 |
| 2025-04-30 | Contingent | $184,900 |
| 2025-01-14 | Price change | $184,900 |
| 2024-12-05 | Listed for sale | $187,500 |
| 2024-11-08 | Listing removed | $197,900 |
| 2024-09-16 | Price change | $197,900 |
| 2024-06-26 | Listed for sale | $219,000 |
| 2023-01-26 | Sold | $110,000 |
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