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116 E Heman Street, 
East Syracuse, NY 13057

$469,000


6

Beds


Bath


7,418

Sq Ft


Multi-Family


Virtual Tour

Active

Listed by

Christopher Newman

Acropolis Realty Group LLC.

315-396-0493

Last updated:

July 16, 2025, 02:50 PM

MLS#

S1621195

Source:

NY GENRIS

About This Home

116 E Heman Street

Rare opportunity to purchase an apartment building with OWNER FINANCING - seller is asking for 20% down, 7% interest, and balloon payment in 5 years. This 6-unit building located in the desirable village of East Syracuse includes one 2-bedroom and five 1-bedroom apartments, all separately metered and rented to long term tenants. With current rents, the property grosses close to $55,000 per year. Rents are well below market rate, representing significant upside for the new owner and enormous cashflow potential. Other features include a parking lot with space for 6 vehicles plus a 6-car garage which is rented for additional income.

Home Facts

Multi-Family

6 Bedrooms

Built in 1925

Price Summary

469,000

$63 per Sq. Ft.

MLS #:

S1621195

Last Updated:

July 16, 2025, 02:50 PM

Added:

9 day(s) ago


Rooms & Interior

Bedrooms

Total Bedrooms:

6

Interior

Living Area:

7,418 Sq. Ft.


Structure

Structure

Building Area:

7,418 Sq. Ft.

Year Built:

1925


Lot

Lot Size (Sq. Ft):

8,712


Finances & Disclosures

Finances

Price:

$469,000

Price per Sq. Ft:

$63 per Sq. Ft.

Source:NY GENRIS
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By clicking Contact I agree a Coldwell Banker Agent may contact me by phone or text message including by automated means and prerecorded messages about real estate services, and that I can access real estate services without providing my phone number. I acknowledge that I have read and agree to the Terms of Use and Privacy Notice.