CCertihomes
221 Grace Street, Syracuse, NY 13204

$169,900

6 beds 2 baths 1,862 sqft Built 190063 days on marketActive

About this home

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.

Affordability — calculate your monthly payment

Adjust your budget to see what's left after housing, utilities and transportation. Numbers below assume a 5% down, 30YrFixed at 7.15% APR.

Your estimated payment
$2,236/mo

Real estate (PITI + HOA + PMI)
$1,539
Principal + interest$1,090
Property tax + insurance$385
PMI / 2nd mortgage$64
Utilities
$1,332
Heating + cooling$513
Internet + TV + phone$140
Water + sewer + garbage$58
Transportation
$0
Other (entertainment)
$140
$2,236/mo TLC
Budget$5,000/mo
Remaining after TLC$2,764/mo
Purchase price
$169,900
Down payment
$8,495 (5%)
Loan amount
$161,405
APR
7.15%

Quick facts

Type
MultiFamily
Style
Duplex
Year built
1900
Lot size
1.36 ac
Stories
2
Heating
Gas, ForcedAir
Cooling
Water
Connected, Public
HOA
Annual tax
$1,854
MLS #
S1604093
County
Onondaga

At a glance

Basement
Garage (1)

Home features

Appliances
GasWaterHeater
Exterior
BalconyFence
Parking
PavedTwoOrMoreSpaces
Flooring
CeramicTile, Hardwood, Resilient, Varies
Roof
Asphalt, Shingle
Sewer
Connected

Lot features

NearPublicTransit, Rectangular, RectangularLot, ResidentialLot

Neighborhood — 13204

MetricThis ZIPCountyUSA
Population20,53819,351,094299,088,112
Population Change Since1990-15.00%8.00%20.00%
Population Density4,027395
Male9,8059,381,926147,432,321
Female10,7339,969,168151,655,844
Never Married6,7784,946,39163,775,926
Married4,5407,166,701123,120,365
Separated1,1251,159,67312,639,686
Widowed1,2591,110,24515,467,586
Divorced1,8841,210,44823,075,029
Number Of House Hold8,4377,102,016111,826,380
Average House Hold Size2.412.642.60
Medial Age30.0036.5335.46
Median House Hold Income$25,867$49,847$48,276
Average House Hold Income$34,236$70,032$63,629
P C I$14,466$26,569$24,529
M D I$23,761$42,210$41,133
A T H E$34,408$54,185$50,898
S T R8.00%4.00%
W C J76.52%81.55%77.74%
(Zip) Code
13204

Data via Certihomes neighborhood index. Comparisons across this ZIP, county and the United States.

Map & walkability

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Listing information last refreshed 5/13/2025. Provided courtesy of Hunt Real Estate ERA via Buffalo MLS. Information deemed reliable but not guaranteed.