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114 Freeman Avenue, 
Syracuse, NY 13209

$1,500,000


10

Beds


Bath


10,928

Sq Ft


Multi-Family


Virtual Tour

Active

Listed by

Bill & Sharon Crocker

Hunt Real Estate ERA

315-488-2926

Last updated:

July 16, 2025, 02:50 PM

MLS#

S1615202

Source:

NY GENRIS

About This Home

114 Freeman Avenue

Available on the market for the first time in 40 years, this rare 10-unit portfolio in the heart of the Village of Solvay offers a unique blend of stability and upside for investors. Data in this description pertains to both 114 and 112 Freeman Avenue combined. Consisting of three structures: a 7-unit apartment building, a 2-family multi, and a single-family colonial—all contiguous and sharing off-street parking. Each of the 10 units has separate utilities and a varied mix of sizes (1 one-bedroom, six two-bedroom, two three-bedroom, and one four-bedroom stand-alone home), giving you multiple leasing and marketing strategies. Current rents are below market value, translating into a potential 13% pro forma cap rate—an exceptional value-add play. Located in a tight-knit, lakeside community just minutes from downtown Syracuse, Solvay boasts scenic outdoor amenities, small-town conveniences and attractions, and the benefit of locally controlled, low-cost utilities via municipality-owned Solvay Electric. With strong fundamentals, thoughtful upkeep, and long-term appreciation potential, this property presents a rare opportunity to acquire a performing asset with plenty of room to grow. The hands-on owner of this well-maintained package has 55 years of experience owning and managing over 100 units. He has decided to move on to new projects, presenting an excellent opportunity for the new owner.

Home Facts

Multi-Family

10 Bedrooms

Built in 1910

Price Summary

1,500,000

$137 per Sq. Ft.

MLS #:

S1615202

Last Updated:

July 16, 2025, 02:50 PM

Added:

a month ago


Rooms & Interior

Bedrooms

Total Bedrooms:

10

Interior

Living Area:

10,928 Sq. Ft.


Structure

Structure

Building Area:

10,928 Sq. Ft.

Year Built:

1910


Lot

Lot Size (Sq. Ft):

4,800


Finances & Disclosures

Finances

Price:

$1,500,000

Price per Sq. Ft:

$137 per Sq. Ft.

Source:NY GENRIS
The information being provided by New York State Alliance is for the consumer’s personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The information is deemed reliable but not guaranteed and should therefore be independently verified. © 2025 New York State Alliance All rights reserved.

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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.