400 Graves St, Syracuse, NY 13203

Description

Character, space, and versatility come together at 400 Graves Street, a 1920 home offering approximately 1,560 square feet of living space. This property may appeal to investors seeking an established rental opportunity as well as owner-occupants looking for a home with original character and room for future improvements.

The home is currently occupied by a long-term, month-to-month tenant who has been in place for approximately four years and pays around $1,625 per month. While the tenant has indicated their preference to stay, they would vacate if the property were purchased by someone seeking to use it as a primary residence, subject to applicable notice requirements.

Inside, the home features a large foyer, beautiful natural woodwork throughout, and classic radiators heated by a hot-water radiant system that was replaced in 2024. The second floor includes three bedrooms, one full bathroom, and a spacious landing that could be used as a reading nook, workspace, or flexible sitting area.

The kitchen has been updated and includes a breakfast bar and a small pantry directly off the kitchen. Some cabinet repairs are needed. A full basement with exterior access provides laundry space and additional storage, while the full walk-up attic offers even more room for storage or potential future use.

Outside, the covered front porch provides a welcoming entry point. The property sits on a corner lot of approximately 0.05 acres, offering minimal yard maintenance. A one-car detached garage is included, although it requires rehabilitation or removal.

With an established tenant, functional living space, original architectural details, multiple storage areas, and a low-maintenance lot, 400 Graves Street offers flexibility for a range of buyers—from investors seeking a rental property to owner-occupants looking for a distinctive primary residence with improvement potential.