221 Grace Street
Syracuse, NY 13204
- 6 beds
- 2 baths
- 1,862 sqft
- 1 sqft lot
- $96 per sqft
- 1900 build
- – on site
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.
Last checked:
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Last updated May 13, 2025
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MLS# S1604093 —
The Building
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Year Built:1900
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Year Built Details:Existing
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Construction Materials:CompositeSiding,CopperPlumbing
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Architectural Style:Duplex
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Roof:Asphalt,Shingle
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Basement:Full
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Basement:true
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Foundation Details:Stone
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Exterior Features:Balcony,Fence
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Patio And Porch Features:Balcony
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Levels:Two
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Building Area Total:1862.0
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Building Area Source:PublicRecords
Interior
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Flooring:CeramicTile,Hardwood,Resilient,Varies
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Fireplace:false
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Stories:2
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Stories Total:2
Room Dimensions
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Living Area:1,862 Sqft
Financial & Terms
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Rent Includes:TrashCollection,Water
Location
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Directions:S.GEDDES TO DELAWARE TURN LEFT ON GRACE HOUSE ON RIGHT
The Property
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Property Type:Residential
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Property Subtype:MultiFamily
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Property Condition:Resale
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Parcel Number:311500-092-000-0009-002-000-0000
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Lot Features:NearPublicTransit,Rectangular,RectangularLot,ResidentialLot
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Lot Size Dimensions:50X132
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Lot Size Acres:1.36
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Lot Size Area:1.36
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Lot Size Units:Acres
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Waterfront:false
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Fencing:Partial
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Road Frontage Type:CityStreet
Listing Agent
- Contact info:
- Agent phone:
- (315) 699-3200
- Office phone:
- (315) 699-3200
Taxes
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Tax Lot:2
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Tax Annual Amount:1854.0
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Tax Assessed Value:45000
Beds
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Bedrooms Total:6
Baths
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Total Baths:2
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Full Baths:2
The Listing
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Virtual Tour URL Branded:https://www.propertypanorama.com/instaview-tour/syr/S1604093
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Virtual Tour URL Unbranded:https://www.propertypanorama.com/instaview/syr/S1604093
Heating & Cooling
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Heating:Gas,ForcedAir
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Heating:true
Utilities
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Utilities:SewerConnected,WaterConnected
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Electric:CircuitBreakers
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Sewer:Connected
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Water Source:Connected,Public
Appliances
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Appliances:GasWaterHeater
Schools
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Elementary School District:Syracuse
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Middle Or Junior School District:Syracuse
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High School District:Syracuse
The Community
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Senior Community:false
Parking
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Garage:true
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Garage Spaces:1.0
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Parking Features:Paved,TwoOrMoreSpaces
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Transit Score®
Provided by WalkScore® Inc.
Transit Score measures a location's access to public transit. It is based on nearby transit routes frequency, type of route (bus, rail, etc.), and distance to the nearest stop on the route. Transit Scores range from 0 (Minimal Transit) to 100 (Rider’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Sale history
| Date | Event | Source | Price | % Change |
|---|---|---|---|---|
|
5/13/25
May 13, 2025
|
Listed / Active | NYSAMLS | $179,900 |
