Butternut by the Park

1312 Butternut Street, Syracuse, NY 13208

Property Information

  • For Sale $3,645,000
  • Property Type Multi-Family
  • Property Size 41,991 SF
  • Units 48
  • Lot Size 1.6 Acre
  • Property Tenancy Multi-Tenant
  • Year Built 1960
  • Year Renovated 2024
  • Date Updated May 3, 2026

Description

Welcome to Syracuse, New York, a city positioned in the center of the state at the intersection of interstates 81 and 90. Easy access to multiple markets has historically made Syracuse a hotspot for manufacturing, medical innovation and investors alike. Syracuse sits less that five hours from New York City, five hours from Boston, four hours from Philadelphia and less than four hours from Toronto and Montreal, making it an ideal location for distribution. Interest in the city has sky-rocketed of late thanks to the establishment of Micron's new semiconductor plant, a complement to the well-established Syracuse University. Multiple hospitals and healthcare systems employ thousands of staff, along with Lockheed Martin, National Grid, and Amazon. Increased demand for housing throughout Onondaga county continues to rise, making this an ideal location for the savvy multifamily investor.Available for sale is the newly-renovated and stabilized Butternut by the Park complex! Centrally located in the city of Syracuse, these buildings benefit from strong rental demand, ease of public transportation, a well-established neighborhood, and immediate proximity to Schiller Park. Plenty of parking, bright airy units, refreshed wood floors and many updated kitchens and baths are offered to tenants at attractive prices, though there remains room for improvement. Benefit from Syracuse's growth and increased need for workforce housing with this well-established and reliable complex.

Highlights

  • Actual NOI $267,865
  • Convenient central location
  • Excellent occupancy
  • Many units updated and refreshed
  • Potential remaining for rent increase

Contacts

Steph Jacobson

Yaman Commercial

Location

Located at 1312 Butternut Street, Syracuse, NY 13208, this property is part of the Northside Syracuse neighborhood and Syracuse market.

Contact Listing Broker
Steph Jacobson

Yaman Commercial

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