1061 Lancaster Ave, Syracuse, NY, 13210
About This Home
Strong addition to any student housing portfolio just a short walk to Syracuse University Campus. This 4,000+ sq ft property offers 7 bedrooms and 2 full baths, currently rented at $800 per bedroom and delivered fully furnished for a true turnkey opportunity. The home features updated kitchens w new appliances and baths, fresh paint interior/exterior, natural hardwood floors, original woodwork, and a striking double-sided staircase that adds character. Additional highlights include private off-street parking, deck off the back, an oversized driveway accommodating 6+ vehicles, and a walkout lower level with laundry. The finished third floor includes a second kitchen, full bath and 3 bedrooms, offering flexibility for an owner’s suite or the potential to expand to a 10-bedroom layout—significantly increasing rental income. Immediate cash flow with upside potential—don’t miss this high-performing investment opportunity.
Getting Around
Car-Dependent
Some Transit
Very BikeableSchools
Construction
Condition
- Property condition: Resale
- Year built: 1920
Materials
- Foundation: Stone
- Roof: Shingle
- Construction materials: Aluminum Siding
Type & Style
- Home type: SingleFamily
- Architectural style: Colonial
- Property subType: Single Family Residence
Interior
Appliances
- Appliances included: Dryer,Dishwasher,Gas Oven,Gas Range,Gas Water Heater,Refrigerator,Washer
- Laundry features: In Basement
Basement
- Has basement: Yes
- Basement: Full,Walk-Out Access
Bedrooms & Bathrooms
- Bedrooms: 7
- Bathrooms: 3
- Full bathrooms: 3
- Main level bathrooms: 1
- Main level bedrooms: 2
Features
- Attic,Ceiling Fan(s),Cathedral Ceiling(s),Separate/Formal Dining Room,Entrance Foyer,Eat-in Kitchen,Separate/Formal Living Room,Granite Counters,Natural Woodwork,Bedroom on Main Level
- Flooring: Hardwood,Varies
Heating
- Heating features: Gas,Forced Air
Interior Area
- Total structure area: 4,130
- Total interior livable area: 4,130 sqft
Property
Details
- Parcel number: 31150005200000190200000000
- Special condition: Standard
Features
- Stories: 3
- Patio & porch: Covered,Deck,Porch
- Exterior features: Deck,Gravel Driveway
Lot
- Lot size: 5,018 sqft
- Features: Rectangular,Rectangular Lot,Residential Lot
- Lot size dimensions: 38 x 132
Parking
- Parking features: No Garage
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
- Inland Flooding
- Ice Storm
- Strong Wind
- Winter Weather
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 | $2,274 | $27,288 |
| Home Insurance * | $224 | $2,688 |
| Property Taxes | $832 | $9,984 |
| Electricity | $682 | $8,190 |
| Total | $4,012 | $48,144 |
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 |
|---|---|---|
| 2026-04-29 | Listed for sale | $489,900 |
| 2022-03-10 | Sold | $253,500 |
| 2022-01-06 | Pending sale | $264,900 |
| 2021-08-21 | Contingent | $269,900 |
| 2021-07-13 | Listed for sale | $269,900 |
| 2018-01-31 | Sold | $225,000 |
| 2018-01-03 | Pending sale | $229,000 |
| 2017-06-02 | Price change | $229,000 |
| 2017-01-03 | Price change | $239,500 |
| 2016-11-28 | Listed for sale | $249,500 |
View on Zillow