USANYSyracuseSackett Farm219 Lakeview Ave

219 Lakeview Ave, Syracuse, NY

Real Estate

For Sale

Listed price in listed location currency (USD).

$40,000

420

MLS® S1667644

Overview

Key Facts

Type Multi Family

Levels Residential

Size 2864 sqft

Garage No

Taxes $1,490

Days Active 0

Lot Size 0.1 acres

Approx. Age 1910

Avg. Price Per Sqft $13

MLS® Number S1667644

Property Address: 219 Lakeview Ave, Syracuse, NY, 13204-2113

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

Description

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

MLS® NumberS1667644

Laundry Level

Central VacNo

FireplaceNo

Acreage0.1

Exterior

GarageNo

Approx. Age1910

BasementFull

DrivewayTwo Or More Spaces

Garage Spaces0

Heat

A/C

Heating Fuel

Extras

Price History

-End Date

Not Sold YetSold Price

For Sale

Mar 18, 2026List Date

$40,000List Price

Map

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