CCertihomes
514 Highland Street, Syracuse, NY 13203

$249,900

4 beds 4 baths 5,037 sqft Built 19000 days on marketActive

About this home

AN EXCELLENT INVESTMENT OPPORTUNITY AWAITS ON SYRACUSE'S NORTHSIDE WITH THIS MIXED-USE PROPERTY GENEREATING IMMEDIATE CASH FLOW! Currently bringing in a total of $3, 750 per month in gross income, this property offers a rare combination of residential and commercial rental streams. The ground floor features a long-standing, fully operational grocery store on a lease that runs through June 2026, providing stable, ongoing commercial income. Also on the first floor is a rented studio apartment. Upstairs, the second floor houses two additional rental units: a 3-bedroom apartment renting for $1, 400/month, and a 1-bedroom apartment at $700/month. All residential tenants are on month-to-month leases, giving new ownership flexibility for rent increases or future upgrades. Whether you're expanding your portfolio or looking for a cash-flowing asset in a high-demand area, this property checks all the boxes. Delayed showings until Tuesday 8/12/25.

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
$3,828/mo

Real estate (PITI + HOA + PMI)
$2,413
Principal + interest$1,603
Property tax + insurance$716
PMI / 2nd mortgage$94
Utilities
$2,828
Heating + cooling$1,261
Internet + TV + phone$140
Water + sewer + garbage$58
Transportation
$0
Other (entertainment)
$140
$3,828/mo TLC
Budget$5,000/mo
Remaining after TLC$1,172/mo
Purchase price
$249,900
Down payment
$12,495 (5%)
Loan amount
$237,405
APR
7.15%

Quick facts

Type
MixedUse
Style
Fourplex
Year built
1900
Lot size
0.0758 ac
Stories
2
Heating
Gas, ForcedAir
Cooling
Water
Connected, Public
HOA
Annual tax
$3,361
MLS #
S1628986
County
Onondaga

At a glance

Basement

Home features

Appliances
GasWaterHeater
Exterior
Balcony
Parking
PavedTwoOrMoreSpaces
Flooring
Varies, Vinyl
Roof
Asphalt, Shingle
Sewer
Connected

Lot features

CornerLot, NearPublicTransit, Rectangular, RectangularLot, ResidentialLot

Schools

Elementary
Other - See Remarks
Middle
Lincoln Middle
High
Henninger High

Neighborhood — 13203

MetricThis ZIPCountyUSA
Population15,59719,351,094299,088,112
Population Change Since1990-13.00%8.00%20.00%
Population Density8,779395
Male7,4929,381,926147,432,321
Female8,1059,969,168151,655,844
Never Married5,4404,946,39163,775,926
Married3,6317,166,701123,120,365
Separated1,0461,159,67312,639,686
Widowed1,0851,110,24515,467,586
Divorced1,6411,210,44823,075,029
Number Of House Hold7,1917,102,016111,826,380
Average House Hold Size2.072.642.60
Medial Age35.0336.5335.46
Median House Hold Income$28,564$49,847$48,276
Average House Hold Income$43,148$70,032$63,629
P C I$21,667$26,569$24,529
M D I$25,799$42,210$41,133
A T H E$39,569$54,185$50,898
S T R8.00%4.00%
W C J84.63%81.55%77.74%
(Zip) Code
13203

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

Map & walkability

Open in Google Maps →

Listing information last refreshed 8/8/2025. Provided courtesy of Bell Home Team via Buffalo MLS. Information deemed reliable but not guaranteed.