125 Kensington & Lancaster Rd, Syracuse, NY 13210

Description

University area gem! This high-performing corner-unit multifamily spans three stories, each with a dedicated private entrance, generating $3,600/month in combined rental income across two fully leased units. The ground-floor 1BD/1BA is leased at $1,400/month through July 2027, and the 4BD/1BA upper unit commands $2,200/month — with lease renewal discussions actively underway (2 out of 4 rooms are leased through July 2027). Square footage is increased by 700 sq ft as the City of Syracuse approved a 4th bedroom and living room with sprinkler system on the 3rd floor as additional living space. Both units feature a renovated bathroom, 2 dedicated parking spaces in the backyard, and ample natural light throughout.

Location simply doesn’t get better for student and professional rentals — the Centro Bus Station sits directly in front of the property, with buses running every 10 minutes. Pair that with proximity to Syracuse University, major hospitals, downtown dining, shopping, parks, and you have a property that practically rents itself.

Whether you’re expanding your portfolio or house-hacking your way to financial independence, this versatile, character-rich property delivers exceptional value, reliable income, and serious upside in one of Syracuse’s most in-demand rental corridors.