CCertihomes
8 Spring/State/Aurelius Street, Auburn, NY 13021

$600,000

11 beds 4 baths 7,588 sqft Built 18907 days on marketActive

About this home

Investor opportunity: 6 units across 3 buildings totaling over 7, 500 sq. ft. of rental space, all conveniently located near shopping, amenities, and public transit. Properties are being sold as-is and are currently undergoing light cosmetic updates due to tenant turnover—offering immediate upside potential. Conservative gross rent projection is $7, 750/month, with high-performance planning up to $9, 950/month. Significant value-add potential through strategic management and lease restructuring. Some tenants may be open to new lease terms or transitioning out, allowing for fresh agreements at market rates. Strong CAP rate, equity growth potential, and long-term ROI make this an ideal addition to any investment portfolio. Don’t miss this chance to acquire three buildings in a growth market. Full financials and additional details available for qualified buyers.

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
$6,913/mo

Real estate (PITI + HOA + PMI)
$5,054
Principal + interest$3,850
Property tax + insurance$979
PMI / 2nd mortgage$225
Utilities
$3,978
Heating + cooling$1,836
Internet + TV + phone$140
Water + sewer + garbage$58
Transportation
$0
Other (entertainment)
$140
$6,913/mo TLC
Budget$7,413/mo
Remaining after TLC$500/mo
Purchase price
$600,000
Down payment
$30,000 (5%)
Loan amount
$570,000
APR
7.15%

Quick facts

Type
MultiFamily
Style
Year built
1890
Lot size
0.5 ac
Stories
6
Heating
Gas, Baseboard
Cooling
Water
Connected, Public
HOA
Annual tax
$1,487
MLS #
S1608424
County
Cayuga

At a glance

Basement
Garage (2)

Home features

Appliances
GasWaterHeater
Parking
PavedTwoOrMoreSpaces
Flooring
Hardwood, Laminate, Varies, Vinyl
Sewer
Connected

Lot features

Other, Rectangular, RectangularLot, SeeRemarks

Neighborhood — 13021

MetricThis ZIPCountyUSA
Population38,12019,351,094299,088,112
Population Change Since1990-10.00%8.00%20.00%
Population Density321395
Male18,9559,381,926147,432,321
Female19,1659,969,168151,655,844
Never Married8,7074,946,39163,775,926
Married14,7257,166,701123,120,365
Separated2,3501,159,67312,639,686
Widowed3,0941,110,24515,467,586
Divorced2,8871,210,44823,075,029
Number Of House Hold14,3167,102,016111,826,380
Average House Hold Size2.502.642.60
Medial Age38.7836.5335.46
Median House Hold Income$39,327$49,847$48,276
Average House Hold Income$51,129$70,032$63,629
P C I$20,402$26,569$24,529
M D I$34,354$42,210$41,133
A T H E$44,195$54,185$50,898
S T R8.00%4.00%
W C J78.71%81.55%77.74%
(Zip) Code
13021

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

Map & walkability

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Listing information last refreshed 6/18/2025. Provided courtesy of Lake Country Real Estate via Buffalo MLS. Information deemed reliable but not guaranteed.