514 Highland Street, Syracuse

$199,000

4 Beds
4 Baths
5,037 Sqft
.08 Acres
0 Garages

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.

Essential Information
MLS® #S1628986
Price$199,000
Bedrooms4
Bathrooms4.00
Full Baths3
Half Baths1
Square Footage5,037
Square Footage3300
Acres0.08
Year Built1900
TypeResidential
Sub-TypeMixed Use
StyleFourplex
StatusActive
Community Information
Address514 Highland Street
AreaSyracuse City
SubdivisionNorthside
CitySyracuse
CountyOnondaga
StateNY
Zip Code13203
Amenities
ParkingPaved, Two or More Spaces
GaragesPaved, Two or More Spaces
Utilities

Cable Available, High Speed Internet Available, Sewer Connected, Water Connected, Water

Features

Corner Lot, Near Public Transit, Rectangular, Rectangular Lot, Residential Lot

Interior
InteriorVaries, Vinyl
AppliancesGas Water Heater
HeatingGas, Forced Air
# of Stories2
Stories2
Has BasementYes
BasementFull
Exterior
Exterior FeaturesBalcony
RoofAsphalt, Shingle
FoundationStone
Exterior

Aluminum Siding, Shake Siding, Vinyl Siding

Lot Description

Corner Lot, Near Public Transit, Rectangular, Rectangular Lot, Residential Lot

Construction

Aluminum Siding, Shake Siding, Vinyl Siding

School Information
DistrictSyracuse
ElementaryOther - See Remarks
MiddleLincoln Middle
HighHenninger High
Listing Details
Listing Courtesy of Bell Home Team
Office #315-216-7648
Property History
Price Reduced from $219,900 to $199,000
Price Reduced from $239,900 to $219,900
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