1061 Lancaster Avenue, Syracuse

$489,900

7 Beds
3 Baths
4,130 Sqft
.12 Acres
0 Garages

Strong addition to any student housing portfolio just a short walk to Syracuse University Campus. This 4,000+ sq ft property offers 7 bedrooms and 2 full baths, currently rented at $800 per bedroom and delivered fully furnished for a true turnkey opportunity. The home features updated kitchens w new appliances and baths, fresh paint interior/exterior, natural hardwood floors, original woodwork, and a striking double-sided staircase that adds character. Additional highlights include private off-street parking, deck off the back, an oversized driveway accommodating 6+ vehicles, and a walkout lower level with laundry. The finished third floor includes a second kitchen, full bath and 3 bedrooms, offering flexibility for an owner’s suite or the potential to expand to a 10-bedroom layout—significantly increasing rental income. Immediate cash flow with upside potential—don’t miss this high-performing investment opportunity.

Essential Information
MLS® #S1677559
Price$489,900
Bedrooms7
Bathrooms3.00
Full Baths3
Square Footage4,130
Square Footage5016
Acres0.12
Year Built1920
TypeResidential
Sub-TypeSingle Family Residence
StyleColonial
StatusActive
Community Information
Address1061 Lancaster Avenue
AreaSyracuse City
SubdivisionUniversity Hill
CitySyracuse
CountyOnondaga
StateNY
Zip Code13210
Amenities
ParkingNo Garage
GaragesNo Garage
Utilities

Cable Available, High Speed Internet Available, Sewer Connected, Water Connected

Features

Rectangular, Rectangular Lot, Residential Lot

Interior
InteriorHardwood, Varies
HeatingGas, Forced Air
# of Stories3
Stories3
Has BasementYes
BasementFull, Walk-Out Access
Interior Features

Attic, Ceiling Fan(s), Cathedral Ceiling(s), Separate/Formal Dining Room, Entrance Foyer, Eat-in Kitchen, Separate/Formal Living Room, Granite Counters, Natural Woodwork, Bedroom on Main Level

Appliances

Dryer, Dishwasher, Gas Oven, Gas Range, Gas Water Heater, Refrigerator, Washer

Exterior
ExteriorAluminum Siding
Exterior FeaturesDeck, Gravel Driveway
RoofShingle
ConstructionAluminum Siding
FoundationStone
Lot Description

Rectangular, Rectangular Lot, Residential Lot

School Information
DistrictSyracuse
Listing Details
Listing Courtesy of Howard Hanna Real Estate
Office #315-685-0111
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