BEDS4
BATHS3 full 1 partial
SQUARE FEET5,037
MLS#S1628986
STATUSActive
PROPERTY TYPEResidential - Multiple
SUBDIVISIONCity/Syracuse
SCHOOLSyracuse
Property Description
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.
Property Features
Property Type: Residential - Multiple
Basement: Full
Heating: Gas, Forced Air
Home Style: Fourplex
Lot Size: 0.08 Acres
Roof Type: Asphalt, Shingle
Stories: 2.0
Taxes: $3,361
Year Built: 1900
Amenities
Balcony
Feature Descriptions
Appliances: Gas Water Heater
Days on Site: 208
Exterior: Aluminum Siding, Shake Siding, Vinyl Siding
Flooring: Varies, Vinyl
Lot: Corner Lot, Near Public Transit, Rectangular, Rectangular Lot, Residential Lot
Lot Dimensions: 33X100
Parcel#: 311500-016-000-0011-016-000-0000
Parking: Paved, Two or More Spaces
Parking Notes: Paved, Two or More Spaces
Patio/Porch: Balcony
Sewer: Connected
Units: 3
Utilities: Cable Available, High Speed Internet Available, Sewer Connected, Water Connected
Water: Connected, Public
Local Schools
High School: Henninger High
Middle School: Lincoln Middle
Elementary School: Other - See Remarks
School District: Syracuse
Listed By / Shown By
Listing By
Agency Name: Bell Home Team
Agency Phone: 315-216-7648
Shown By
Agent Name: Patricia Polcyn
Agent Phone: (716) 912-2627
Agency Title: MJ Peterson Real Estate
Estimate Your Payment
Estimated Payment
$ 781.01 per month $442.89 Principal & Interest $280.08 Property Tax $58.04 Homeowner's InsuranceChange Payment Information
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514 Highland Street | MLS# S1628986
This home located at 514 Highland Street, Syracuse, NY 13203 is currently listed for sale with an asking price of $199,000. This property was built in 1900 and has 4 bedrooms and 3 full and 1 partial baths with 5037 sq. ft. Highland Street is located in the City/Syracuse subdivision within the Syracuse school district. Search City/Syracuse real estate on www.patpolcyn.com today.