406 Park Ave, Syracuse, NY, 13204
About This Home
Investment Opportunity! This 5-unit apartment building offers an excellent opportunity for investors seeking immediate rental income with room to add value over time. The property features five spacious 1 bedroom apartments, each with hardwood floors, and is occupied by long-term tenants, providing steady cash flow from day one. Conveniently located in a desirable area with easy access to major highways, public transportation, shopping, and everyday amenities, this property continues to attract and retain tenants. Major infrastructure improvements have already been completed, including a new sewer line and new water line, reducing future maintenance concerns. While there is opportunity for cosmetic updates and continued improvements, the property is already producing income, making it an ideal investment for buyers looking to generate cash flow while building long-term equity.
Getting Around
Somewhat Walkable
Some Transit
BikeableSchools
Construction
Condition
- Property condition: Resale
- Year built: 1940
Materials
- Roof: Asphalt
- Construction materials: Attic/Crawl Hatchway(s) Insulated,Block,Concrete,Copper Plumbing
Type & Style
- Home type: MultiFamily
- Property subType: Multi Family
Interior
Appliances
- Appliances included: Electric Cooktop,Gas Oven,Gas Range,Gas Water Heater,Refrigerator
- Laundry features: Common Area
Basement
- Has basement: Yes
- Basement: Full,Walk-Out Access,Sump Pump
Bedrooms & Bathrooms
- Bedrooms: 5
Features
- Ceiling Fan(s)
- Flooring: Hardwood,Laminate,Varies
Heating
- Heating features: Other,See Remarks,Hot Water
Interior Area
- Total structure area: 4,655
- Total interior livable area: 4,655 sqft
Property
Details
- Parcel number: 31150010600000100250000000
- Special condition: Standard
Features
- Stories: 3
- Exterior features: Blacktop Driveway
Lot
- Lot size: 8,999 sqft
- Features: Corner Lot,Rectangular,Rectangular Lot
- Lot size dimensions: 90 x 100
Parking
- Parking features: Three or more Spaces,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 | $1,643 | $19,716 |
| Home Insurance * | $200 | $2,400 |
| Property Taxes | $601 | $7,212 |
| Electricity | $769 | $9,231 |
| Total | $3,213 | $38,556 |
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 |
|---|---|---|
| 2026-07-25 | Price change | $325,000 |
| 2026-07-12 | Listed for sale | $350,000 |
| 2025-02-12 | Listing removed | $800 |
| 2025-02-08 | Listed for rent | $800 |
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