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1017 Milton Ave, Syracuse, NY, 13204

4beds
4baths
2,288sqft
$290,000
$127price/sqft
$2,559/moest. monthly cost
$102,360/yrincome needed

About This Home

Four streams of rental income under one roof! Well-maintained four-unit multifamily property 100% occupied, offered at a pro forma 8.93% cap. The property is situated on a residential block with convenient access to major employment centers, shopping, dining, and public transportation. All units are 1-bed 1-bath, with different finishes (including hardwood, parquet, tile, and carpet). Owner pays heat and house meter for exterior lights and basement laundry. Owner's National Grid bill is on the budget plan. Tenants pay for their electricity and hot water. On-site laundry room amenity in the basement so tenants don't need to go to the laundromat. No lawn maintenance. Metal roof is 9-years old. Walk-in attic. Owner built patio out back with creek bed stone, so land is higher than the neighbors' and level with the sidewalk. Schedule a tour to be one step closer to adding four more units to your portfolio! Please allow 48-hour notice for showing appointments. Please do not disturb tenants without an appointment. Thank you.

Getting Around

51
WalkingSomewhat Walkable
33
TransitSome Transit
41
BikeSomewhat Bikeable

Schools

4/10
Porter Elementary SchoolGrades PK-50.4 mi
3/10
Frazer K 8 SchoolGrades PK-81.1 mi
1/10
Corcoran High SchoolGrades 9-122.8 mi

Construction

Condition

  • Property condition: Resale
  • Year built: 1940

Materials

  • Foundation: Block
  • Roof: Metal
  • Construction materials: Brick

Type & Style

  • Home type: MultiFamily
  • Property subType: Multi Family

Interior

Appliances

  • Appliances included: Gas Water Heater
  • Laundry features: Common Area

Basement

  • Has basement: Yes
  • Basement: Dirt Floor,Full

Bedrooms & Bathrooms

  • Bedrooms: 4
  • Bathrooms: 4
  • Full bathrooms: 4

Features

  • Programmable Thermostat
  • Flooring: Carpet,Hardwood,Laminate,Other,See Remarks,Tile,Varies

Heating

  • Heating features: Gas,Baseboard,Hot Water

Interior Area

  • Total structure area: 2,288
  • Total interior livable area: 2,288 sqft

Property

Details

  • Parcel number: 31150011200000040050000000
  • Special condition: Standard

Features

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

Lot

  • Lot size: 2,103 sqft
  • Features: Near Public Transit,Rectangular,Rectangular Lot
  • Lot size dimensions: 35 x 60

Parking

  • Parking features: Parking Available

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

  • Strong Wind
    Strong WindModerate
  • Winter Weather
    Winter WeatherModerate

How This Home’s Risks Compare

Strong Wind
Winter Weather

FEMA Declared Disasters in Onondaga County and New York

Flood
Severe Storm

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

MonthlyAnnual
Mortgage $1,466$17,592
Home Insurance *$179$2,148
Property Taxes $536$6,432
Electricity $378$4,537
Total$2,559$30,708
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$87,737/yr
40% on housing$76,770/yr
45% on housing$68,240/yr

New York FAIR Plan Programs

New York Property Insurance Underwriting Association

Covered
WildfireWildfire
HailHail
WindWind
Visit Website →
Current Policies
Residential: 20,669Commercial: 1,556
Total Premiums$32.27M
Total Exposure$7.63B

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.

Insurance Growth Rate5-year average: 3.5%
3.5%
0%30.0%
Electricity Growth Rate10-year average: 7.1%
7.1%
0%15.0%
Property Taxes Growth Rate2-year average: -1.5%
-1.5%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$127This listing

vs Other Active Listings

Avg $/sqft

ZIP 13204$86
Onondaga County$200

vs Homes Sold Last Month

Median $/sqft

ZIP 13204$124
Onondaga County$179

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

DateEventPrice
2026-01-05Listed for sale$315,000

For Sale by Agent

AgentLawrence Papaleo
BrokerageGilbo Realty LLC

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