1106 Butternut Street, Syracuse, NY

$465,000

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6

Beds

5,199

Square feet

0.23

Acres

About 1106 Butternut Street

Rare opportunity to acquire a 14-unit multifamily portfolio on Butternut Street in Syracuse, NY, consisting of four separate buildings including a 6-unit apartment building, 5-unit apartment building, duplex, and single-family residence. This package offers investors immediate scale in a concentrated location while providing substantial upside through future rent increases and value-add opportunities. The portfolio has been strategically managed, with four units intentionally left vacant to allow prospective buyers easy access for inspections and showings while also creating the opportunity to place tenants at current market rents immediately after acquisition. Existing occupancy provides in-place cash flow, while the vacant units offer a clear path to increased revenue. Ownership has maintained compliance where applicable, with 1104 Butternut Street and 1106 Butternut Street holding current Certificates of Compliance, and 1102 Butternut Street maintaining a rental registry. The portfolio’s close proximity of assets creates operational efficiencies for management, maintenance, and leasing. Whether you’re looking to expand an existing Syracuse portfolio or establish a larger presence in one acquisition, this offering delivers a combination of current income, rental upside, and strong long-term return potential. Opportunities to acquire 14 units across four neighboring assets in a single transaction are increasingly rare. Properties included: S1690849- 1102 Butternut St, Syracuse NY 13208 S1690839- 1104 Butternut St, Syracuse, NY 13208 (14 total units across four buildings). Portfolio must be sold as a package.

Features of 1106 Butternut Street

MLS® # S1690829
Price $465,000
Bedrooms 6
Bathrooms 0.00
Square Footage 5,199
Square Footage 9975
Acres 0.23
Year Built 1920
Type Multi Family
Sub-Type Other
Status Active

Community Information

Address 1106 Butternut Street
Area Syracuse City
Subdivision Washington Square
City Syracuse
County Onondaga
State NY
Zip Code 13208

Amenities

Utilities Sewer Connected, Water Connected, Electricity, Heat, Water
Features Rectangular, Rectangular Lot, Residential Lot
Parking None, No Driveway, No Garage
Garages None, No Driveway, No Garage
Is Waterfront No
Has Pool No

Interior

Interior Luxury Vinyl
Appliances Appliances Negotiable, Gas Water Heater
Heating Gas, Forced Air
Fireplace No
# of Stories 2
Stories 2
Has Basement Yes
Basement Full

Exterior

Exterior Other, Vinyl Siding
Lot Description Rectangular, Rectangular Lot, Residential Lot
Roof Asphalt
Construction Other, Vinyl Siding

School Information

District Syracuse

Additional Information

Short Sale No
RE / Bank Owned No

Listing Details

OfficeHunt Real Estate ERA

Listing Map

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