221 Grace Street, Syracuse

$175,000

6 Beds
2 Baths
1,862 Sqft
1.36 Acres
1 Garages

Excellent investment opportunity on Syracuse’s West Side with strong income potential and owner-occupant flexibility. This well-maintained duplex features two spacious 3-bedroom, 1-bath units with separate utilities — a key advantage for reducing landlord expenses. The first-floor unit has been recently renovated and is move-in ready, while the second-floor unit is tenant occupied, offering immediate rental income. With only one unit currently leased, this is an ideal setup for an investor looking to live in one unit while renting the other, or for a full lease-up to maximize returns. The property boasts hardwood floors, generous room sizes, and a clean, well-kept interior throughout. A large detached garage provides additional value for storage and the spacious yard adds outdoor appeal for tenants or future improvements. Projected gross annual rent exceeds $25,000 when fully occupied, making this a solid cash-flowing asset in a growing rental market.

Essential Information
MLS® #S1604093
Price$175,000
Bedrooms6
Bathrooms2.00
Full Baths2
Square Footage1,862
Acres1.36
Year Built1900
TypeResidential
Sub-TypeMulti Family
StyleDuplex
StatusActive
Community Information
Address221 Grace Street
AreaSyracuse City
SubdivisionWest Side
CitySyracuse
CountyOnondaga
StateNY
Zip Code13204
Amenities
ParkingTwo or More Spaces, Paved
# of Garages1
GaragesTwo or More Spaces, Paved
Utilities

Sewer Connected, Water Connected, Trash Collection, Water

Features

Near Public Transit, Rectangular, Rectangular Lot, Residential Lot

Interior
AppliancesGas Water Heater
HeatingGas, Forced Air
# of Stories2
Stories2
Has BasementYes
BasementFull
Interior

Ceramic Tile, Hardwood, Varies, Resilient

Exterior
Exterior FeaturesBalcony, Fence
RoofAsphalt, Shingle
FoundationStone
Exterior

Copper Plumbing, Composite Siding

Lot Description

Near Public Transit, Rectangular, Rectangular Lot, Residential Lot

Construction

Copper Plumbing, Composite Siding

School Information
DistrictSyracuse
Listing Details
Listing Courtesy of Hunt Real Estate ERA
Office #315-699-3200
Property History
Price Reduced from $179,900 to $175,000
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