Syracuse, NY 13206 416-22 Boston Street

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Presented By: Alicia McMahon with Hunt Real Estate ERA;
  • MLS# S1594889
  • 03/24/2025
  • Request Tour
  • Request Info
  • Beds • 10
  • SQFT • 4,704

Home Details

Incredible 10-unit investment opportunity with strong rental income and major recent updates! This well-maintained property features a 2-year-old roof, newer furnaces and hot water tanks, plus a new driveway and retaining wall completed within the past year. Most units have been updated. 9 out of 10 units are fully rented, generating solid monthly income. The one current vacancy is being fully renovated—projected gross income around $129,300 annually once fully occupied. There is additional upside with room to increase rents to current market rates over time. The property also features coin-operated laundry and tenant storage units for added income. With major improvements already completed and a projected cap rate over 5% when fully rented, this is a true plug-and-play investment for any portfolio. Don’t miss your chance to secure this high-performing asset!
Presented By: Alicia McMahon with Hunt Real Estate ERA;

Interior Features for 416-22 Boston Street

Bedrooms

Total Bedrooms10

Bathrooms

Main Level Bathrooms0
Total Baths

Other Interior Features

BasementFull
Basement (Y/N)Yes
Fireplace Y/NNo
FlooringVaries, Vinyl
Heating Y/NYes
Laundry FeaturesCoinOperated
Total Fireplaces
Total Stories3

General for 416-22 Boston Street

AppliancesElectricOven, ElectricRange, GasWaterHeater, Refrigerator
CitySyracuse
Community FeaturesLaundryFacilities, StorageFacilities
Construction MaterialsWoodSiding
CountyOnondaga
Elementary School DistrictSyracuse
Exterior FeaturesBlacktopDriveway
Garage Spaces0.0
Garage Y/NNo
HeatingGas, ForcedAir
High School DistrictSyracuse
Lot Size Square Feet8712.0
Lot Size UnitsAcres
MLS AreaSyracuse City-311500
Middle/Junior School DistrictSyracuse
Number Of Units Total10
OwnerPaysGroundsCare, SnowRemoval, TrashCollection, Water
PossessionCloseOfEscrow
Property ConditionResale
Property Sub Type AdditionalOther
Property SubtypeOther
Property TypeMultiFamily
Rent IncludesCommonAreaMaintenance, SnowRemoval, TrashCollection, Water
RoofAsphalt, Shingle
School DistrictSyracuse
Senior Community Y/NNo
SewerConnected
Standard StatusActive
StatusActive
Stories3
Subdivision NameEastwood Heights
Tax Annual Amount17156.0
Tax Assessed Value171600
Tax Lot6
TaxOtherAnnualAssessmentAmount0.0
TownshipNot Applicable
UtilitiesCableAvailable, HighSpeedInternetAvailable, SewerConnected, WaterConnected
Virtual TourClick here
Virtual TourClick here
Waterfront Y/NNo
Year Built1955
Year Built DetailsExisting

Exterior for 416-22 Boston Street

Building Area Total4704.0
Lot Dimensions66X132
Lot FeaturesNearPublicTransit, Rectangular, ResidentialLot
Lot Size Acres0.2
Lot Size Area0.2
Number of Separate Electric Meters11
Number of Separate Gas Meters10
Parking FeaturesOneSpace, Driveway, NoGarage, SharedDriveway
Road Frontage TypeCityStreet
Water SourceConnected, Public

Additional Details

Price History

Mark Siwiec

CEO
Price $1,399,000
MLS#S1594889
List Date 03/24/2025
Property Type Single Family
Phone
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