1061 Lancaster Avenue

About this home

Strong addition to any student housing portfolio just a short walk to Syracuse University Campus. This 4,000+ sq ft property offers 7 bedrooms and 2 full baths, last rented at $800 per bedroom and delivered fully furnished. The home features updated kitchens w new appliances and baths, fresh paint interior/exterior, natural hardwood floors, original woodwork, and a striking double-sided staircase that adds character. Additional highlights include private off-street parking, deck off the back, an oversized driveway accommodating 6+ vehicles, and a walkout lower level with laundry. The finished third floor includes a second kitchen, full bath and 3 bedrooms, offering flexibility for an owner’s suite or the potential to expand to a 10-bedroom layout—significantly increasing rental income. Immediate cash flow with upside potential—don’t miss this high-performing investment opportunity.

Interior features

• Attic
• Ceiling Fans
• Cathedral Ceilings
• Separate Formal Dining Room
• Entrance Foyer
• Eat In Kitchen
• Separate Formal Living Room
• Granite Counters
• Natural Woodwork
• Bedroom On Main Level

Exterior features

• Deck
• Gravel Driveway

Appliances

• Dryer
• Dishwasher
• Gas Oven
• Gas Range
• Gas Water Heater
• Refrigerator
• Washer

Mechanical

Schools

Tax & finance

Location

Syracuse, NY 13210 · Onondaga County

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