CCertihomes
116 W Manlius Street, DeWitt, NY 13057

$285,000

4 beds 4 baths 4,120 sqft Built 193036 days on marketActive

About this home

Prime Mixed-Use Investment Opportunity – 116 W Manlius St, East Syracuse, NY. Discover the potential of this 4-unit mixed-use property in the heart of East Syracuse! 116 W Manlius St features two commercial storefronts on the first floor and two residential apartments on the second floor, offering a versatile investment opportunity. Currently, one commercial unit and both residential apartments are leased, generating a gross income of $2, 750 per month. The total gross rent will be increasing to $3, 000 per month effective September 1, 2025 (NOT including current vacant commercial unit). This setup presents an excellent opportunity for an owner-user looking to establish their business in the vacant commercial space while benefiting from existing rental income. Alternatively, investors can further maximize returns by leasing the remaining unit and implementing value-add improvements to achieve market-rate rents. Additional features include a small parking area in the back of the building for tenant convenience and separately metered utilities for each unit, creating ease of management. This property offers a prime chance to secure a highly visible location with significant upside potential. Just minutes from downtown Syracuse, easy access to I-690, and less than 20 minutes to the proposed Micron site. Do not miss this opportunity to own a strategically positioned asset in a growing area!

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
$4,012/mo

Real estate (PITI + HOA + PMI)
$2,825
Principal + interest$1,829
Property tax + insurance$889
PMI / 2nd mortgage$107
Utilities
$2,398
Heating + cooling$1,046
Internet + TV + phone$140
Water + sewer + garbage$58
Transportation
$0
Other (entertainment)
$140
$4,012/mo TLC
Budget$5,000/mo
Remaining after TLC$988/mo
Purchase price
$285,000
Down payment
$14,250 (5%)
Loan amount
$270,750
APR
7.15%

Quick facts

Type
MultiFamily
Style
Year built
1930
Lot size
0.17 ac
Stories
2
Heating
Gas, Baseboard, ForcedAir
Cooling
Water
Connected, Public
HOA
Annual tax
$5,527
MLS #
S1611457
County
Onondaga

Home features

Appliances
GasWaterHeater
Parking
OtherParkingAvailableOnStreetSeeRemarks
Flooring
Laminate, Tile, Varies, Vinyl
Sewer
Connected

Lot features

Rectangular, RectangularLot

Neighborhood — 13057

MetricThis ZIPCountyUSA
Population14,81119,351,094299,088,112
Population Change Since1990-2.00%8.00%20.00%
Population Density591395
Male7,0959,381,926147,432,321
Female7,7169,969,168151,655,844
Never Married3,0684,946,39163,775,926
Married6,4267,166,701123,120,365
Separated4501,159,67312,639,686
Widowed9551,110,24515,467,586
Divorced1,2751,210,44823,075,029
Number Of House Hold6,1947,102,016111,826,380
Average House Hold Size2.392.642.60
Medial Age40.6236.5335.46
Median House Hold Income$46,965$49,847$48,276
Average House Hold Income$58,232$70,032$63,629
P C I$24,597$26,569$24,529
M D I$40,221$42,210$41,133
A T H E$48,312$54,185$50,898
S T R8.00%4.00%
W C J76.54%81.55%77.74%
(Zip) Code
13057

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

Map & walkability

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Listing information last refreshed 6/29/2025. Provided courtesy of The O'Hara Group via Buffalo MLS. Information deemed reliable but not guaranteed.