514 Highland StreetSyracuse, NY 13203

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 Information

Property type

Residential

Sub-type

Mixed Use

Style

Fourplex

Year built

1900

Stories

2

Living area

5,037 Sq Ft

Lot size

0.08 acres

Lot dimensions

33X100

Days on market

447

MLS^® Listing#

S1628986

Property Features

Exterior

Balcony

Appliances

Gas Water Heater

Heating

Natural Gas · Forced Air

Flooring

Varies · Vinyl

Basement

Full

Parking

Paved

Lot features

Corner Lot · Near Public Transit · Rectangular Lot

Construction

Aluminum Siding · Shake Siding · Vinyl Siding

Foundation

Stone

Roof

Asphalt · Shingle

Utilities

Cable Available · Sewer Connected · Water Connected

Water source

Public

Schools

Elementary

Other - See Remarks

Middle

Lincoln Middle

High

Henninger High

Financial Details

Annual taxes

$3,361

Assessed value

$40,000

Parcel number

311500-016-000-0011-016-000-0000

Directions

From James St & Lodi, take Lodi to Seward St, follow Seward to Graves, take a right on Graves St. up one block is the corner of Graves and Highland St.