514 Highland Street, Syracuse, NY 13203 (MLS # S1628986)
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AN EXCELLENT INVESTMENT OPPORTUNITY AWAITS ON SYRACUSE'S NORTHSIDE WITH THIS MIXED-USE PROPERTY GENEREATING IMMEDIATE CASH FLOW! Currently bringing in a total of $3,750 per month in gross income, this property offers a rare combination of residential and commercial rental streams. The ground floor features a long-standing, fully operational grocery store on a lease that runs through June 2026, providing stable, ongoing commercial income. Also on the first floor is a rented studio apartment. Upstairs, the second floor houses two additional rental units: a 3-bedroom apartment renting for $1,400/month, and a 1-bedroom apartment at $700/month. All residential tenants are on month-to-month leases, giving new ownership flexibility for rent increases or future upgrades. Whether you're expanding your portfolio or looking for a cash-flowing asset in a high-demand area, this property checks all the boxes. Delayed showings until Tuesday 8/12/25.
| DAYS ON MARKET | 23 | LAST UPDATED | 8/20/2025 |
|---|---|---|---|
| TRACT | City/Syracuse | YEAR BUILT | 1900 |
| COMMUNITY | Syracuse City-311500 | COUNTY | Onondaga |
| STATUS | Active | PROPERTY TYPE(S) | Single Family |
| Elementary School | Other - See Remarks |
|---|---|
| Jr. High School | Lincoln Middle |
| High School | Henninger High |
| ADDITIONAL DETAILS | |
| APPLIANCES | Gas Water Heater |
|---|---|
| AREA | Syracuse City-311500 |
| BASEMENT | Full, Yes |
| CONSTRUCTION | Aluminum Siding, Shake Siding, Vinyl Siding |
| EXTERIOR | Balcony |
| HEAT | Forced Air, Natural Gas |
| HOA DUES | Mixed Use |
| LOT | 3302 sq ft |
| LOT DESCRIPTION | Corner Lot, Near Public Transit, Rectangular Lot |
| LOT DIMENSIONS | 33X100 |
| PARKING | Paved |
| STORIES | 2 |
| STYLE | Fourplex |
| SUBDIVISION | City/Syracuse |
| TAXES | 3361 |
| UTILITIES | Cable Available, Sewer Connected, Water Connected |
| WATER | Public |
| ZONING | Residential Multi Use |
MORTGAGE CALCULATOR
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Listing provided by: Heather Noel Baldwin, Bell Home Team
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