$650,000
About this home
Introducing 321 W Fayette Street – a unique and income-producing mixed-use property located in the heart of Downtown Syracuse, just steps from Armory Square. This well-known building is home to a long-established Syracuse bar on the ground floor, a local staple with steady foot traffic and a loyal following. Above the bar, the second and third floors offer a total of 20 single-room occupancy (SRO) boarding rooms, providing consistent rental income. The rooms share common bathrooms and are ideal for workforce or transitional housing. With strong demand for affordable downtown lodging, this property delivers reliable cash flow with room for management and operational improvement.
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.
- Real estate (PITI + HOA + PMI)
- $6,289
- Utilities
- $4,392
- Transportation
- $0
- Other (entertainment)
- $140
Quick facts
At a glance
Home features
Lot features
Rectangular, RectangularLot
Neighborhood — 13202
| Metric | This ZIP | County | USA |
|---|---|---|---|
| Population | 6,714 | 19,351,094 | 299,088,112 |
| Population Change Since1990 | -7.00% | 8.00% | 20.00% |
| Population Density | 6,431 | 395 | — |
| Male | 3,555 | 9,381,926 | 147,432,321 |
| Female | 3,159 | 9,969,168 | 151,655,844 |
| Never Married | 2,945 | 4,946,391 | 63,775,926 |
| Married | 566 | 7,166,701 | 123,120,365 |
| Separated | 657 | 1,159,673 | 12,639,686 |
| Widowed | 337 | 1,110,245 | 15,467,586 |
| Divorced | 716 | 1,210,448 | 23,075,029 |
| Number Of House Hold | 2,896 | 7,102,016 | 111,826,380 |
| Average House Hold Size | 1.97 | 2.64 | 2.60 |
| Medial Age | 27.77 | 36.53 | 35.46 |
| 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 R | 8.00% | 4.00% | — |
| W C J | 84.84% | 81.55% | 77.74% |
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.