125 Kensington & Lancaster Rd, Syracuse, NY, 13210

About This Home

Fantastic opportunity to own a University area multifamily in Syracuse! This spacious property offers strong income potential and flexibility for both investors and owner-occupants. Featuring two units with generous living spaces, hardwood floors, and classic architectural charm, this property blends character with functionality. First floor generates $1400/mo and new lease is from June 26, 2026 to July 31, 2027. This unit is a 1 bedroom/1 bathroom, and 2nd floor generates $2200/mo and lease expires July 31, 2026. This unit is a 4 bedroom/1 bathroom. Each unit offers comfortable layouts with ample natural light, making it attractive for tenants in a high-demand rental area near Syracuse University, hospitals, and downtown. The property includes separate living areas, sizable bedrooms, and a layout ideal for steady rental income or house-hacking. Newer vinyl siding, updated kitchen, newer flooring, newer windows, & newer hot water heater. Includes free basement laundry. Virtual staging highlight the home's potential, while the exterior offers a welcoming front porch. Conveniently located near shopping, restaurants, parks, and major highways, this is a prime location for long-term or student rental demand. Whether you're looking to expand your portfolio or live in one unit while generating income from the others, this property delivers excellent value and upside potential. Don't miss this opportunity to own a versatile, income-producing property in one of Syracuse's most sought-after rental corridors!