CCertihomes
121 W Fayette Street, Syracuse, NY 13202

$3,500,000

0 beds 0 baths 23,410 sqft Built 18250 days on marketActive

About this home

Prime Mixed-Use Investment Opportunity in the Heart of Downtown Syracuse! Welcome to 121-129 W Fayette Street – a standout property offering the perfect blend of commercial potential and residential income in one of Syracuse’s most vibrant downtown corridors. This well-maintained, mixed-use building features approximately 5, 300 square feet of street-level commercial space, ideal for retail, office, or hospitality use. With prominent frontage on busy W Fayette Street & Clinton St, the commercial unit benefits from high visibility, heavy foot traffic, and easy access to nearby amenities, making it a compelling choice for owner-users or tenants alike. Above the commercial space are 13 residential apartments, consisting of a mix of 1- and 2-bedroom units. Each apartment offers comfortable layouts, updates, and strong rental demand, providing a steady stream of income. The building’s upper floors enjoy city views and close proximity to downtown employers, entertainment venues, and public transportation. Whether you're an investor seeking a high-yield property, or a business owner looking to operate below your rental income stream, this property delivers flexibility and long-term upside in a growing 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, 30YrJumbo at 4% APR.

Your estimated payment
$29,158/mo

Real estate (PITI + HOA + PMI)
$24,684
Principal + interest$15,874
Property tax + insurance$7,497
PMI / 2nd mortgage$1,313
Utilities
$11,384
Heating + cooling$5,539
Internet + TV + phone$140
Water + sewer + garbage$58
Transportation
$0
Other (entertainment)
$140
$29,158/mo TLC
Budget$29,658/mo
Remaining after TLC$500/mo
Purchase price
$3,500,000
Down payment
$175,000 (5%)
Loan amount
$3,325,000
APR
4%

Quick facts

Type
Office
Style
Year built
1825
Lot size
0.1213 ac
Stories
4
Heating
Gas, ForcedAir
Cooling
CentralAir
Water
Public
HOA
Annual tax
$40,703
MLS #
S1610645
County
Onondaga

At a glance

Air conditioning

Home features

Roof
Membrane, Rubber
Sewer
PublicSewer

Lot features

Rectangular, RectangularLot

Neighborhood — 13202

MetricThis ZIPCountyUSA
Population6,71419,351,094299,088,112
Population Change Since1990-7.00%8.00%20.00%
Population Density6,431395
Male3,5559,381,926147,432,321
Female3,1599,969,168151,655,844
Never Married2,9454,946,39163,775,926
Married5667,166,701123,120,365
Separated6571,159,67312,639,686
Widowed3371,110,24515,467,586
Divorced7161,210,44823,075,029
Number Of House Hold2,8967,102,016111,826,380
Average House Hold Size1.972.642.60
Medial Age27.7736.5335.46
Median House Hold Income$11,810$49,847$48,276
Average House Hold Income$24,332$70,032$63,629
P C I$15,823$26,569$24,529
M D I$10,804$42,210$41,133
A T H E$28,497$54,185$50,898
S T R8.00%4.00%
W C J84.84%81.55%77.74%
(Zip) Code
13202

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

Map & walkability

Open in Google Maps →

Listing information last refreshed 6/5/2025. Provided courtesy of Rooftop Realty Group LLC via Buffalo MLS. Information deemed reliable but not guaranteed.