James Q. Collins

514 Highland Street, Syracuse, NY 13203

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Property 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.

514 Highland Street | MLS# S1628986

This home located at 514 Highland Street, Syracuse, NY 13203 is currently listed for sale with an asking price of $199,000. This property was built in 1900 and has 4 bedrooms and 3 full and 1 partial baths with 5037 sq. ft. Highland Street is located in the City/Syracuse subdivision within the Syracuse school district. Search City/Syracuse real estate on james-collins.timberlandproperties.com today.

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Property Features

Property Type: Residential - Multiple
Basement: Full
Heating: Gas, Forced Air
Home Style: Fourplex
Lot Size: 0.08 Acres
Roof Type: Asphalt, Shingle
Stories: 2.0
Taxes: $3,361
Year Built: 1900

Amenities

Balcony

Feature Descriptions

Appliances: Gas Water Heater
Days on Site: 208
Exterior: Aluminum Siding, Shake Siding, Vinyl Siding
Flooring: Varies, Vinyl
Lot: Corner Lot, Near Public Transit, Rectangular, Rectangular Lot, Residential Lot
Lot Dimensions: 33X100
Parcel#: 311500-016-000-0011-016-000-0000
Parking: Paved, Two or More Spaces
Parking Notes: Paved, Two or More Spaces
Patio/Porch: Balcony
Sewer: Connected
Units: 3
Utilities: Cable Available, High Speed Internet Available, Sewer Connected, Water Connected
Water: Connected, Public

Local Schools

High School: Henninger High
Middle School: Lincoln Middle
Elementary School: Other - See Remarks
School District: Syracuse

Estimate Your Payment

Estimated Payment

$ 781.01 per month $442.89 Principal & Interest $280.08 Property Tax $58.04 Homeowner's Insurance

Change Payment Information

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yearly (est.)
(Payments are an estimate and may vary by lender)

Demographics

Listed By / Shown By

Listing By

Agency Name: Bell Home Team
Agency Phone: 315-216-7648

Shown By

Agent Name: James Q. Collins
Agent Phone: (201) 214-3621 Cell
Agency Title: Timberland Properties

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