114 Freeman Ave, Syracuse, NY

House

For Sale

Listed price in listed location currency (USD).

$1,450,000

1000

MLS® S1656385

Overview

Key Facts

Type

Levels Residential Income

Size 10928 sqft

Garage

Taxes $18,152

Days Active 117

Lot Size

Approx. Age 1910

Avg. Price Per Sqft $132

MLS® Number S1656385

Property Address: 114 Freeman Ave, Syracuse, NY, 13209-1600

Average square foot calculated using Size range provided by listing agent.

Description

Available on the market for the first time in 40 years, this rare 10-unit portfolio in the heart of the Village of Solvay offers a unique blend of stability and upside for investors. Data in this description pertains to both 114 and 112 Freeman Avenue combined. Consisting of three structures: a 7-unit apartment building, a 2-family multi, and a single-family colonial—all contiguous and sharing off-street parking. Each of the 10 units has separate utilities and a varied mix of sizes (1 one-bedroom, six two-bedroom, two three-bedroom, and one four-bedroom stand-alone home), giving you multiple leasing and marketing strategies. Current rents are below market value, translating into a potential 13% pro forma cap rate—an exceptional value-add play. Located in a tight-knit, lakeside community just minutes from downtown Syracuse, Solvay boasts scenic outdoor amenities, small-town conveniences and attractions, and the benefit of locally controlled, low-cost utilities via municipality-owned Solvay Electric. With strong fundamentals, thoughtful upkeep, and long-term appreciation potential, this property presents a rare opportunity to acquire a performing asset with plenty of room to grow. The hands-on owner of this well-maintained package has 55 years of experience owning and managing over 100 units. He has decided to move on to new projects, presenting an excellent opportunity for the new owner.

MLS® NumberS1656385

Laundry Level

Central VacNo

FireplaceNo

Acreage

Exterior

Garage

Approx. Age1910

BasementFull, Partially Finished

DrivewayOne Space, No Garage

Garage Spaces

Heat

A/C

Heating Fuel

Extras

Price History

-End Date

Not Sold YetSold Price

For Sale

Jan 4, 2026List Date

$1,450,000List Price

Map

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