Welcome to 1008 1st North Street, Syracuse, NY — a solid income-producing 3-unit property offering immediate cash flow and future upside. This well-positioned multifamily asset features three residential units, with two currently occupied by reliable long-term tenants, providing stable rental income from day one. The occupied units generate a combined $2,750 per month in rent ($1,400 and $1,350), while the third unit is vacant and ready for a new tenant, owner-occupant, or value-add improvements to maximize returns. Long-term tenancy reflects the property’s desirability and provides investors with confidence in the existing income stream. Whether you’re looking to expand your rental portfolio, house hack, or add a cash-flowing asset in the growing Syracuse market, this property offers flexibility and opportunity. Conveniently located near downtown Syracuse, major employers, public transportation, shopping, and restaurants, 1008 1st North Street is positioned for both strong tenant demand and long-term investment potential. Don’t miss your chance to own a multifamily property with established income, a vacant unit ready for additional revenue, and upside potential in one of Syracuse’s most active rental markets.
Washington Square, located between Downtown Syracuse and University Hill, is a historic and residential Syracuse neighborhood with brick rowhouses and a leafy central park. The neighborhood’s character concentrates along E Genesee St near Forman Park, where coffee counters, small eateries, and gallery-style storefronts line the sidewalk. Landmark Theatre and the Everson Museum of Art serve as cultural pillars, with The Oncenter adding a steady calendar of events. Streetscapes mix late-19th-century facades with mid-century apartment buildings and pocket gardens. Sidewalk routes connect to Armory Square’s dining blocks and the civic core around Columbus Circle. Green space at Forman Park and nearby plazas shapes a calm, walkable rhythm.
Provided by Walk Score and Local Logic
Property details
Interior
Exterior
Finance
Kitchen
Bathroom
Bedroom
Living
Interior features
Full basement
Bathrooms
Three full bathrooms
Laundry & utility
Gas water heater
Heating & cooling
Gas forced-air heating
Exterior features
Rectangular residential lot with 66 x 198 dimensions
City street frontage
Home design
Two-story property
Resale condition
Vinyl siding
Parking
Two or more parking spaces
Construction
Vinyl-sided construction
Existing (previously built)
Utilities
Public water connected
Sewer connected
Financial info
Owner pays water
Rent includes water (multi-unit property)
Other
Three total units
Two separate gas meters
Two separate electric meters
Operating expense details: see remarks
Electricity and solar
View estimated energy costs and solar savings for this home
The R2 Zone District is established to provide for residential neighborhoods made up of single-unit detached and two-unit dwellings with green space,street trees, front porches and sidewalks. This Zone District may include attached single-unit dwellings, and multi-unit dwellings in compliance with the Mixed Income Development regulations. Complementary uses such as parks, open space, schools, places of assembly, minor utilities, accessory dwelling units, and accessory structures may also be allowed.
Permitted uses
Include but are not limited to:
Assembly / meeting place
Garden center
Housing-Single unit
Housing-Multiple units
Infrastructure
Educational / school
Fire house
Police station
Communications tower
Park & open space
Climate risks
1/10 Flood Factor
Minimal risk of a flood reaching the building in the next 30 years
1/10 Fire Factor
Unlikely to be in a wildfire in next 30 years
3/10 Heat Factor
7 days above 95° expected this year, 15 days in 30 years
1/10 Wind Factor
0% chance of strong winds in next 30 years
2/10 Air Factor
0 unhealthy days expected this year, 1 days in 30 years
Provided by First Street
Historical weather
Syracuse, NY • 13208
Average low and high temperatures (°F)
29
19
32
19
51
31
60
40
67
48
80
61
85
66
81
60
76
54
64
45
49
36
36
23
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
83/ 100
Very good sunlight
Sunscore
This home receives average direct sun exposure in Syracuse. There appears to be minimal shading by surrounding buildings, terrain, and vegetation.
9.6 hrs
5.2 hrs
JuneDecember
Provided by Shadowmap
Redfin Estimate for 1008 1st North St
We cannot show automated home-value estimates for this home.
Nearby homes have recently sold between $130,500 and $258,000.
Nearby comparable homes
The Redfin Estimate uses 6 recent nearby sales, priced between $131K to $258K.