1. New York
  2. Geddes
  3. 505 Cogswell Avenue
$399,900

505 Cogswell Avenue, Geddes, NY 13209

  • 7 beds |
  • 3 baths |
  • 2,410 sqft
  • Property Icon Multi-Family Home
  • Property Year Built Icon Built in 1904
  • Property Lot Size Icon6,251sqft lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $166/sqft
  • Property List Date Icon Listed 9 days ago

Property Description

Welcome to 505 Cogswell Avenue, a well-maintained triplex located in the heart of Solvay, offering the benefit of Solvay Electric for incredibly low utility costs. Owned and cared for by the same owner for nearly 15 years, this property presents an excellent opportunity for both investors and owner-occupants. Unit 1 is a spacious 4-bedroom, 1-bathroom apartment that has been fully renovated from top to bottom. Upgrades include new vinyl flooring, carpet, trim, cabinets, countertops, appliances, bathroom fixtures, electrical wiring, outlets, and more. This unit is currently vacant, offering flexibility—move in and let the other two units pay your mortgage, or rent it at market rate for $1,700+ per month for strong cash flow. Unit 2 is a 2-bedroom apartment recently updated and currently rented at $700/month on a month-to-month lease. Unit 3 is a 1-bedroom unit, also renovated, and currently rented at $600/month, also month-to-month. Both are significantly below market rents, offering upside for increased income. Each unit is separately metered: • Unit 1: Gas furnace • Unit 2: Gas furnace • Unit 3: Electric baseboard heat. Each unit has its own gas meter (National Grid), electric meter (Solvay Electric), and hot water tank. Landlord only pays for water/sewer. Additional highlights include: • Roof replaced in 2010 • Off-street parking for multiple vehicles • Laundry hookups in the basement for Units 1 and 2 Whether you're looking to house hack or add a strong-performing asset to your portfolio, this property delivers both cash flow potential and long-term value. Schedule your showing today!

Listing Status:
Active
Date Added:
July 8, 2025 at 05:00AM
Listing Office:
Hunt Real Estate ERA : 315-682-7197
Listing Agent:
Dante Belmonte : 315-446-4681
MLS ID:
S1620332
  • Appliances: Gas Water Heater
  • Basement: Full
  • Flooring: CarpetHardwoodLuxury VinylVaries
  • Heating: ElectricGasBaseboardForced Air
  • Fireplace: Fireplaces: 0

This listing courtesy of Dante Belmonte, Hunt Real Estate ERA

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

Ready to Start a VA Loan?

Get Started Veterans United Home LoansNMLS #1907  †
Get Prequalified »
Interest rates used in the VA mortgage calculator are shown for illustrative purposes only. Your rate may differ based on a variety of factors, including your credit score and the current market conditions. To get your personalized interest rate, start your quote online.

Location

Schools Nearby

S

Solvay Elementary School

701 Woods Rd, Syracuse, NY, 13209

Grades KG-4

0.50 miles away

S

Solvay Middle School

299 Bury Dr, Syracuse, NY, 13209

Grades 5-8

2.85 miles away

S

Solvay High School

600 Gertrude Ave, Syracuse, NY, 13209

Grades 9-12

0.15 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.

Similar Listing

112 Mcallister Ave, Syracuse, NY 13205
Multi-Family Home For Sale

$339,000

  • 6 bed |
  • 2 bath |
  • 2,862 sqft |
  • 6,098 sqft lot
112 Mcallister Ave Syracuse, NY 13205

#S1619241 - Keller Williams Syracuse