318 E Division St
Description
Excellent opportunity to acquire a 5-unit mixed-use investment in Syracuse featuring 4 residential apartments and 1 commercial storefront. This asset is being offered at an 11% cap rate and is priced aggressively at $400,000 for a quick sale—despite a December appraisal of $540,000, creating $140,000 in instant equity! Property Highlights:
5 total units: 4 residential + 1 commercial
Strong income profile with stable tenancy
Current Certificate...5-Unit Mixed-Use | 11% Cap Rate | Priced for Immediate Equity
Excellent opportunity to acquire a 5-unit mixed-use investment in Syracuse featuring 4 residential apartments and 1 commercial storefront. This asset is being offered at an 11% cap rate and is priced aggressively at $400,000 for a quick sale—despite a December appraisal of $540,000, creating $140,000 in instant equity! Property Highlights:
5 total units: 4 residential + 1 commercial
Strong income profile with stable tenancy
Current Certificate of Compliance
Only 1 unit currently vacant
Vacant unit can be leased prior to closing if the buyer prefers a fully stabilized asset
Appraised at $540,000 (Dec.) – asking just $400,000
11% cap rate at offering price
Ideal for cash investors
This property is well-suited for investors seeking high yield, mixed-use diversification, and immediate upside through lease-up or long-term hold. Flexible closing options and lease-up coordination available.
- Listed by Zachary Johnson • Acropolis Realty Group LLCP: (315)-396-0493 C: (315)-396-0493 Zachjohnson@acropolisrealtygroup.com
Property Details for 318 East Division Street
Property Details for 318 East Division Street
| Status | Active |
|---|---|
| MLS # | S1658880 |
| Days on Market | 7 |
| Taxes | $5,743 / year |
| HOA Fees | - |
| Condo/Co-op Fees | - |
| Compass Type | Multi Family |
| MLS Type | Multi Family / Other |
| Year Built | 1940 |
| Lot Size | 0.08 AC / 3,267 SF |
| County | Onondaga County |
Location
Building Information for 318 East Division Street
Payment Calculator
$2,428 per month
30 year fixed, 6.15% Interest
$1,950
$479
$0
Property Information for 318 East Division Street
- Elementary School District: Syracuse
- High School District: Syracuse
- Middle Or Junior School District: Syracuse
- Village: Not Applicable
- Human YN: No
- Garage Spaces per Apt: .00
- Garage YN: No
- Area NYSWIS Code: Syracuse City-311500
- Tax Annual Amount: $5,743.00
- Virtual Tour URL Branded: https://www.propertypanorama.com/instaview-tour/syr/S1658880
- Virtual Tour URL: https://www.propertypanorama.com/instaview/syr/S1658880
- Building Area Total: 6366.0
- Land Features: Rectangular, Rectangular Lot, Residential Lot
- Num Of Acres: 0.075
- Lot Size Area: 0.075
- Lot Size Square Feet: 3267.0
- Lot Size Units: Acres
- Parcel Number: 311500-008-000-0011-004-000-0000
- Road Frontage: City Street
- Lot Number: 4
- Property Condition: Resale
- Senior Community YN: No
- Assessed Value: $90,000
- Year Built: 1940
- Year Built Description: Existing
- Property Sub Type Additional: Other
- Sewer Description: Connected
- Utilities Available: Sewer Connected, Water Connected
- Water Supply: Connected, Public
- Construction Materials: Brick
- Roof Description: Membrane, Rubber
- Appliances: Appliances Negotiable, Gas Water Heater
- Basement Description: Full
- Basement YN: Yes
- Num Of Possible Bedrooms: 4
- Num Fireplaces Total Calculated: 0
- Fireplace YN: No
- Floor Description: Carpet, Hardwood, Laminate, Varies
- Heating: Gas, Forced Air
- Heating YN: Yes
- Levels: Two
- Sq Ft Total: 6366.0
- Main Level Bathrooms: 0
- Number Of Units Total: 5
- Operating Expense Includes: Other, See Remarks
- Stories: 2
- Stories Total: 2
- Rent Includes: Water
Property History for 318 East Division Street
| Date | Event & Source | Price | Appreciation |
|---|---|---|---|
| Jan 20, 2026 | Listed (Active) WNYREIS #S1658880 | $400,000 | — |
| Jun 17, 2025 | Sold WNYREIS #S1589939 | $285,000 | — |
| Jun 13, 2025 | Sold (Public Record) Public Record #1904546198 | $285,000 | +6.3% / yr |
| Mar 21, 2025 | Contract Out WNYREIS #S1589939 | — | |
| Mar 20, 2025 | Pending WNYREIS #S1589939 | — | |
| Feb 25, 2025 | Listed (Active) WNYREIS #S1589939 | $299,900 | — |
| Sep 12, 2024 | Expired WNYREIS #S1525673 | — | |
| Aug 28, 2024 | Price Change WNYREIS #S1525673 | $279,900 | — |
| Mar 12, 2024 | Listed (Active) WNYREIS #S1525673 | $299,900 | — |
| Dec 21, 2022 | Sold (Public Record) Public Record #1505247039 | $245,000 | +23.4% / yr |
| Dec 21, 2022 | Sold WNYREIS #S1401536 | $245,000 | — |
| Oct 6, 2022 | Pending WNYREIS #S1401536 | — | |
| Apr 25, 2022 | Listed (Active) WNYREIS #S1401536 | $245,000 | — |
| Oct 30, 2019 | Sold WNYREIS #S1203074 | $125,000 | — |
| Oct 8, 2019 | Sold (Public Record) Public Record #1343757523 | $125,000 | +0.6% / yr |
| Jun 23, 2019 | Pending WNYREIS #S1203074 | — | |
| Jun 18, 2019 | Listed (Active) WNYREIS #S1203074 | $125,000 | — |
| Jan 4, 2019 | Expired WNYREIS #S1148539 | — | |
| Sep 18, 2018 | Listed (Active) WNYREIS #S1148539 | $135,000 | — |
| Feb 17, 2006 | Sold (Public Record) Public Record #1131921539 | $115,000 | — |
| Date | Event & Source | Price |
|---|---|---|
| 01/20/2026 | Listed (Active) WNYREIS #S1658880 | $400,000 |
| 06/17/2025 | Sold WNYREIS #S1589939 | $285,000 |
| 06/13/2025 | Sold (Public Record) Public Record #1904546198 | $285,000 +6.3% / yr |
| 03/21/2025 | Contract Out WNYREIS #S1589939 | — |
| 03/20/2025 | Pending WNYREIS #S1589939 | — |
| 02/25/2025 | Listed (Active) WNYREIS #S1589939 | $299,900 |
| 09/12/2024 | Expired WNYREIS #S1525673 | — |
| 08/28/2024 | Price Change WNYREIS #S1525673 | $279,900 |
| 03/12/2024 | Listed (Active) WNYREIS #S1525673 | $299,900 |
| 12/21/2022 | Sold (Public Record) Public Record #1505247039 | $245,000 +23.4% / yr |
| 12/21/2022 | Sold WNYREIS #S1401536 | $245,000 |
| 10/06/2022 | Pending WNYREIS #S1401536 | — |
| 04/25/2022 | Listed (Active) WNYREIS #S1401536 | $245,000 |
| 10/30/2019 | Sold WNYREIS #S1203074 | $125,000 |
| 10/08/2019 | Sold (Public Record) Public Record #1343757523 | $125,000 +0.6% / yr |
| 06/23/2019 | Pending WNYREIS #S1203074 | — |
| 06/18/2019 | Listed (Active) WNYREIS #S1203074 | $125,000 |
| 01/04/2019 | Expired WNYREIS #S1148539 | — |
| 09/18/2018 | Listed (Active) WNYREIS #S1148539 | $135,000 |
| 02/17/2006 | Sold (Public Record) Public Record #1131921539 | $115,000 |
For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 318 East Division Street
Schools near 318 East Division Street
Rating | School | Type | Grades | Distance |
|---|---|---|---|---|
| Public - | PK to 6 | |||
| Public - | 6 to 8 | |||
| Public - | 9 to 12 | |||
| Public - | 9 to 12 |
Rating | School | Distance |
|---|---|---|
Franklin Elementary School PublicPK to 6 | ||
Grant Middle School Public6 to 8 | ||
Nottingham High School Public9 to 12 | ||
Corcoran High School Public9 to 12 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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Listing Courtesy of Acropolis Realty Group LLC
Based on information from one of the following Multiple Listing Services: WNYREIS and Greater Binghamton Association of REALTORS. Information being provided is for the visitor's personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by WNYREIS and Greater Binghamton Association of REALTORS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.
