323 Herkimer Street Unit 25, Syracuse, NY 13204

Property Description

Turnkey investment opportunity in Syracuse’s highly desirable Tipp Hill neighborhood! This side by side duplex offers two spacious 4 bed, 1 bath units, each with a large living room, formal dining room, kitchen, and full basement. One unit is leased at $1,550/month plus utilities, while the renovated vacant unit offers immediate lease-up potential at a market rent of $2,100/month, allowing investors to maximize income from day one. Recent capital improvements include a new architectural roof (2026) with transferable warranty, fresh exterior paint, new stone façade. Vinyl replacement windows. Separate utilities. Two furnaces, 2 hot water tanks, two 100-amp electrical panels, 2 laundry hook ups.. The vacant unit has been renovated with fresh paint, premium 22mm luxury vinyl plank flooring, updated appliances w/ a new stainless steel gas range. Situated on a corner lot adjacent to a park and just minutes from Downtown Syracuse, Coleman’s, The Blarney Stone, Brooklyn Pickle, and other Tipp Hill amenities, this low-maintenance asset offers strong in-place income, immediate upside through lease-up, and excellent longterm appreciation potential. A rare opportunity to add a quality cash-flowing property to your portfolio!