219 Lakeview Avenue, Syracuse, NY 13204
Local realty services provided by:CENTURY 21 Galloway Realty
Listed by: zachary johnson
Office: acropolis realty group llc.
MLS#:S1667644
Source:NY_GENRIS
Price summary
- Price:$40,000
- Price per sq. ft.:$13.97
About this home
Value-Add Multifamily | Conversion Opportunity | 2,800 SF
Exceptional opportunity to acquire a 2,800 sq/ft duplex with significant upside potential in the City of Syracuse. Formerly configured as a 4-unit property, this asset presents a prime value-add play for investors looking to maximize cash flow through reconfiguration and renovation.
Currently set up as a 2-unit property, the building is underutilized with only 2 bedrooms total, but offers a clear path to restore or reconfigure into a 4-unit layout or optimize into two large 4-bedroom units.
Investment Highlights
2,800 sq/ft duplex (former 4-unit)
Strong value-add / repositioning opportunity
Separate gas & electric meters
Low taxes
Ability to convert back to 4 units or optimize layout
Projected market rent of ~$3,700/month as two 4-bed units
Ideal for BRRRR, flip, or long-term hold strategy
Value-Add Potential
With the right renovation plan, this property can be transformed into a high-performing asset. Whether restoring the original 4-unit configuration or creating larger, high-rent units, investors have multiple exit strategies.
Condition
Full renovation required
Perfect for experienced investors or contractors looking to force appreciation
Location
Conveniently located on Lakeview Ave with close proximity to downtown Syracuse, major employers, and transportation corridors—supporting strong rental demand.
Summary:
A rare chance to unlock hidden value in a large multifamily footprint. With proper execution, this property has the potential to deliver strong cash flow and long-term equity growth...
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Home facts
- Year built:1910
- Listing ID #:S1667644
- Added:1 day(s) ago
- Updated:March 19, 2026 at 12:40 AM
Rooms and interior
- Bedrooms:4
- Total bathrooms:2
- Full bathrooms:2
- Basement:Yes
- Basement Description:Full
- Living area:2,864 sq. ft.
Heating and cooling
- Heating:Forced Air, Gas
Structure and exterior
- Year built:1910
- Building area:2,864 sq. ft.
- Lot area:0.1 Acres
- Lot Features:Rectangular, Residential Lot
- Construction Materials:Wood Siding
- Levels:2 Stories
Utilities
- Water:Connected, Public, Water Connected
- Sewer:Connected, Sewer Connected
Finances and disclosures
- Price:$40,000
- Price per sq. ft.:$13.97
- Tax amount:$1,490
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