219 Lakeview Avenue, Syracuse, NY 13204

Property Description

Value-Add Multifamily | Conversion Opportunity | 2,800 SF Exceptional opportunity to acquire a 2,800 sq/ft duplex with significant upside potential in the City of Syracuse. Formerly configured as a 4-unit property, this asset presents a prime value-add play for investors looking to maximize cash flow through reconfiguration and renovation. Currently set up as a 2-unit property, the building is underutilized with only 2 bedrooms total, but offers a clear path to restore or reconfigure into a 4-unit layout or optimize into two large 4-bedroom units. Investment Highlights 2,800 sq/ft duplex (former 4-unit) Strong value-add / repositioning opportunity Separate gas & electric meters Low taxes Ability to convert back to 4 units or optimize layout Projected market rent of ~$3,700/month as two 4-bed units Ideal for BRRRR, flip, or long-term hold strategy Value-Add Potential With the right renovation plan, this property can be transformed into a high-performing asset. Whether restoring the original 4-unit configuration or creating larger, high-rent units, investors have multiple exit strategies. Condition Full renovation required Perfect for experienced investors or contractors looking to force appreciation Location Conveniently located on Lakeview Ave with close proximity to downtown Syracuse, major employers, and transportation corridors—supporting strong rental demand. Summary: A rare chance to unlock hidden value in a large multifamily footprint. With proper execution, this property has the potential to deliver strong cash flow and long-term equity growth