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Backup Offers

705 Oak St, Syracuse, NY, 13203

$219,900

Home List Price

$2,611*

Closing Credit

6 Bedrooms
4 Full Baths
4,254 SqFt
$52/SqFt
Multi
Schools Nearby

Location

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705 Oak St, Syracuse$219,900

Buyer Closing Credits

$2,611*

1.25% Loan Amount

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Property Highlights

Home TypeMulti Family
ParkingGravel
Year Built1930
HeatingNatural Gas, Forced Air
BasementYes
MLS #S1533912
Lot Size0.17 Acres
StatusAccepting Backup Offers
(Active Under Contract)

About 705 Oak St

Rare 4-unit apartment building on Syracuse's Northside. Many large updates to this property recently such as a brand new roof with new decking, 4 new hot water tanks, 4 new furnaces, new plumbing and 5 new electrical panels (5th is for house meter) and many interior updates such as new drywall, paint, flooring, misc kitchen/baths, etc. Each unit is separately metered for gas and electric. Landlord pays water/sewer, tenants pay their own utilities. There are two 2 bedroom units and two 1 bedroom units. 3 units rent for $850 each and the 4th unit rents for $775 a month. Property is the size of a double lot with plenty of parking. Property boasts a 22% cash-on-cash return with 20% down and is currently valued based on an 11.3% cap rate. Come add this property to your portfolio today!

Property Details

Property Features

Property Information:

  • Architectural Style: Fourplex
  • Year Built: 1930
  • Stories: 2
  • Living Area: 4,254 SqFt

Listing Office:

  • Office Name: Hunt Real Estate ERA
  • Office Phone: (315) 682-7197
  • Listing Agent: Dante Belmonte

Interior Features

Interior Information:

  • Appliances: Gas Water Heater
  • Basement: Yes
  • Flooring Type: Hardwood, Varies

Bedroom and Bathroom Information:

  • Full Bathrooms: 4
  • Total Bedroom Count: 6

Exterior Features

Parking Information:

  • Parking: Gravel

Virtual/3D Tour

  • Virtual Tour: 705 Oak St

Virtual Tour

Lot Features

Lot Information:

  • Lot Size: 0.17 Acres

Utilities

Utilities Information:

  • Heating: Natural Gas, Forced Air

Other

Directions Information:

  • Directions: Oak

Price Information

Listing Price Info

Price Summary:

  • List Price: $219,900
  • Price Per SqFt: $52/SqFt
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Housing Market Comparison

See how this home compares to others in Syracuse, NY.

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Syracuse, NY

City

Med. Sold Price

$170.2K

Med. Price/SqFt

$119

Avg. Days On Market

24

# of Sold Homes

119

705 Oak St vs Syracuse

9 DAYS ON ROCKET

-15 Days

$219,900

+$49.6K More

$52/SqFt

-$67 Less

KEY TAKEAWAY

This property is $49.6K more than the Median Sold Price and $67/SqFt less than other homes in Syracuse, NY.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: NYS
  • MLS Number: #S1533912

Listing Office:

  • Office Name: Hunt Real Estate ERA
  • Office Phone: (315) 682-7197
  • Listing Agent: Dante Belmonte

IDXThe data relating to real estate on this website comes in part from the Internet Data Exchange (IDX) Program of NYSAMLS’s. Real estate listings held by other firms are marked with theListing Broker’s Firm Name. Data provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties that consumers may be interested in purchasing. All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither the listing broker(s) nor this firm shall be responsible for any typographical errors, misinformation, misprints, and shall be held totally
harmless.

© 2024 CNYIS, UNYREIS, WNYREIS. All rights reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.

This advertisement does not suggest that the broker has a listing in this property or properties or that any property is currently available.
Last updated on: 5/4/2024, 10:20:33 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

We're sorry, we currently don't have sales or tax history data for this listing.

Payment Calculator

$1,165

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$726

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Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-5891397
5
/10

  • Franklin Elementary School

  • 428 S Alvord St

  • 0.52 miles

  • Public District Grades PK-5

school-card-donut-5891398
2
/10

  • Dr Weeks Elementary School

  • 710 Hawley Ave

  • 0.61 miles

  • Public District Grades PK-5

school-card-donut-5891399
4
/10

  • Salem Hyde Elementary School

  • 450 Durston Ave

  • 0.68 miles

  • Public District Grades PK-6

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $36,576. Typical income of Syracuse, NY residents is between $35k-100k annually. Residents typically live in single, no kids family. The majority of residents in this area have high school diploma education.

All data provided by Home Junction and Claritas

Rocket Homes›New York›Onondaga County›Syracuse›13203›705 Oak St

This home is located at 705 Oak St in Syracuse, NY and zip code 13203 in the Northside Syracuse neighborhood. This 4,254 square foot home, which was built in 1930, sits on a 0.17 acre lot. Features: 6 bedrooms, 4 bathrooms. It has been listed on Rocket Homes since April 24, 2024 and is currently priced at $219,900.

While more than 61 listings in Syracuse, NY in April 2024 were sold above asking price, there were more than 13 listings sold at asking price, and more than 45 were sold below. Between March 2024 and April 2024, Syracuse, NY real estate market has seen decrease in the number of listings by 8.3%. In April 2024, listings were on the market for 24 days. During the same period, the median list price in this real estate market was $170,247.

From Rocket Homes Real Estate and based on county public records data.

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