1. New York
2. Syracuse
3. 221 Grace Street

221 Grace Street, Syracuse, NY 13204

• 6 beds |
• 2 baths |
• 1,862 sqft

Property Description

Excellent investment opportunity on Syracuse’s West Side with strong income potential and owner-occupant flexibility. This well-maintained duplex features two spacious 3-bedroom, 1-bath units with separate utilities — a key advantage for reducing landlord expenses. The first-floor unit has been recently renovated and is move-in ready, while the second-floor unit is tenant occupied, offering immediate rental income. With only one unit currently leased, this is an ideal setup for an investor looking to live in one unit while renting the other, or for a full lease-up to maximize returns. The property boasts hardwood floors, generous room sizes, and a clean, well-kept interior throughout. A large detached garage provides additional value for storage and the spacious yard adds outdoor appeal for tenants or future improvements. Projected gross annual rent exceeds $25,000 when fully occupied, making this a solid cash-flowing asset in a growing rental market.

Listing Status:

Active

Date Added:

May 13, 2025 at 05:00AM

Listing Office:

Hunt Real Estate ERA : 315-699-3200

Listing Agent:

Ryan Yamini : 315-699-3200

MLS ID:

S1604093

Interior

• Appliances: Gas Water Heater
• Basement: Full
• Flooring: Ceramic TileHardwoodResilientVaries
• Heating: GasForced Air
• Fireplace: Fireplaces: 0

Exterior

Construction

Location

Lot

Utilities

Financial

This listing courtesy of Ryan Yamini, Hunt Real Estate ERA