About 1061 Lancaster Avenue
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, last rented at $800 per bedroom and delivered fully furnished. 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.
Features of 1061 Lancaster Avenue
| MLS® # | S1702110 |
|---|---|
| Price | $449,900 |
| Bedrooms | 7 |
| Bathrooms | 3.00 |
| Full Baths | 3 |
| Square Footage | 4,130 |
| Square Footage | 5016 |
| Acres | 0.12 |
| Year Built | 1920 |
| Type | Residential |
| Sub-Type | Single Family Residence |
| Style | Colonial |
| Status | Active |
Community Information
| Address | 1061 Lancaster Avenue |
|---|---|
| Area | Syracuse City |
| Subdivision | University Hill |
| City | Syracuse |
| County | Onondaga |
| State | NY |
| Zip Code | 13210 |
Amenities
| Utilities | Cable Available, High Speed Internet Available, Sewer Connected, Water Connected |
|---|---|
| Features | Rectangular, Rectangular Lot, Residential Lot |
| Parking | No Garage |
| Garages | No Garage |
| Is Waterfront | No |
| Has Pool | No |
Interior
| Interior | Hardwood, Varies |
|---|---|
| Interior 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 |
| Appliances | Dryer, Dishwasher, Gas Oven, Gas Range, Gas Water Heater, Refrigerator, Washer |
| Heating | Gas, Forced Air |
| Fireplace | No |
| # of Stories | 3 |
| Stories | 3 |
| Has Basement | Yes |
| Basement | Full, Walk-Out Access |
Exterior
| Exterior | Aluminum Siding |
|---|---|
| Exterior Features | Deck, Gravel Driveway |
| Lot Description | Rectangular, Rectangular Lot, Residential Lot |
| Roof | Shingle |
| Construction | Aluminum Siding |
| Foundation | Stone |
School Information
| District | Syracuse |
|---|
Additional Information
| Short Sale | No |
|---|---|
| RE / Bank Owned | No |
Listing Details
| Office | Howard Hanna Real Estate |
|---|