City/Syracuse Homes under $200,000

Welcome to the vibrant and welcoming community of Syracuse, New York, located in the heart of Onondaga County! Known for its rich history, diverse culture, and stunning natural beauty, Syracuse is a fantastic place to call home. Whether you’re a first-time homebuyer, looking to downsize, or seeking an investment opportunity, the city offers an array of charming homes priced under $200,000.

In Syracuse, you’ll discover a variety of neighborhoods, each with its own unique character and charm. From quaint tree-lined streets to bustling urban areas, the options are plentiful. Many of these affordable homes feature classic architectural styles, spacious yards, and easy access to local parks and recreational facilities. Imagine sipping your morning coffee on a cozy porch or enjoying a family barbecue in your backyard—Syracuse homes under $200,000 make these dreams a reality!

The city boasts a strong sense of community, with friendly neighbors and a wealth of local amenities. Enjoy the vibrant arts scene, delicious dining options, and numerous shopping opportunities that Syracuse has to offer. Plus, with its proximity to beautiful lakes and outdoor activities, you’ll never run out of things to do!

If you’re ready to explore the possibilities of homeownership in Syracuse, NY, now is the perfect time to dive into this thriving market. With affordable options available, don’t miss your chance to find the perfect home that fits your lifestyle and budget. Welcome to Syracuse—where your dream home awaits!

Newest City/Syracuse Homes under $200,000

$174,900

6 Beds ⋅ 2 Baths ⋅ S1719611 MLS

If you’ve been looking for a multifamily without a long list of projects waiting for you, 232–234 Seneca St deserves a look. This two-family property offers two separate apartments, each featuring two bedrooms along with additional flexible living space that can be used to fit different needs such as 3rd bedroom or office space. Both units have been updated and are in move-in-ready condition, offering comfortable living spaces with a practical setup. Covered porches add extra character, while the attic and basement provide additional storage space. A solid option for an owner-occupant or investor looking for a property that is ready to move forward without taking on a major renovation. Conveniently located near a school and other neighborhood amenities.

232-34 Seneca St, Syracuse

$89,000

S1716684 MLS

R1 RESIDENTIAL REDEVELOPMENT OPPORTUNITY — EASTWOOD, SYRACUSE Located in the Eastwood section of Syracuse, 401 North Ave. is a unique corner-lot property offering an excellent opportunity for an investor, contractor, or owner looking for a value-add residential project. The property was once utilized as a storefront, but the zoning has since changed and the property is now R1 residentially zoned, creating an opportunity to transform the existing structure into a residential property, subject to the applicable building requirements, approvals, and permits. The interior is currently partially partitioned and will require renovation and additional work to create a finished, livable residential space. The property is being offered as a renovation/redevelopment opportunity and will require investment before it can be occupied or offered for rent. The corner-lot location provides excellent visibility and a distinctive footprint, while the existing structure gives the next owner a starting point for their renovation plans. Whether you’re an experienced investor, contractor, or buyer looking for a project where you can add value through renovation, this property offers plenty of possibilities. Bring your vision and turn this property into something new. Buyers are encouraged to perform their own due diligence regarding R1 zoning, permitted residential uses, building-code requirements, utilities, necessary permits, renovation requirements, and the feasibility and cost of converting the existing structure into a legally habitable residential dwelling. Property is being sold in its current condition. Please Call Owner / Broker Andre Mauro 646-238-5965 André Mauro 646-238-5965

401 North Avenue, Syracuse

$109,000

3 Beds ⋅ 2 Baths ⋅ S1717311 MLS

**INVESTOR OPPORTUNITY — TWO-FAMILY PROPERTY WITH VALUE-ADD POTENTIAL** Investors, take a look! This two-unit property on the North Side of Syracuse offers an excellent opportunity to acquire a property with **existing rental income and significant upside potential**. The first-floor apartment features **two bedrooms** and is currently occupied by a good tenant paying **$900 per month** on a month-to-month rental arrangement, providing immediate income to the new owner. The lower level features a **partially finished one-bedroom apartment** that requires additional work before it can be placed into service. Once completed, this additional living space could provide another source of rental income and significantly improve the property's overall income-producing potential. The property also includes a **two-car detached garage** in the rear, along with a side driveway and off-street parking—an attractive feature for both tenants and future rental potential. This is a classic **value-add investment opportunity**: collect income from the existing tenant while completing the lower-level apartment and increasing the property's future cash flow. Whether you're an experienced investor or looking for your next project, this property offers multiple ways to add value. **Bring your vision, make the improvements, and unlock the property's full income potential. Come take a look!**

733 N Alvord Street, Syracuse

$185,000

6 Beds ⋅ 2 Baths ⋅ S1716507 MLS

**INVESTMENT OPPORTUNITY | $29,400 ANNUAL GROSS RENTAL INCOME** Excellent opportunity to own a well-maintained **two-family property at 1224 N. State Street in Syracuse, NY**, featuring two spacious 3-bedroom, 1-bath apartments and a large, fully paved lot with abundant off-street parking. The property currently generates **$2,450 per month in combined rental income, or $29,400 annually in gross rental income**. Both apartments are occupied under **one-year leases**, with tenants current on rent and a history of being reliable and problem-free. Each apartment operates independently with its **own furnace, hot water tank, and separately metered utilities**. Tenants pay their own gas/electric utilities, while the owner is responsible only for water—helping keep operating expenses low and making this property especially attractive to investors. The first-floor apartment offers three bedrooms, one full bathroom, and washer/dryer hookups. The second-floor apartment also features three bedrooms and one full bathroom. Outside, the **fully paved lot requires no grass cutting or lawn maintenance** and provides substantial parking for tenants and guests. With two 3-bedroom units, separate utilities, existing leases, reliable rental income, minimal owner-paid utilities, and a spacious low-maintenance lot, **1224 N. State Street presents a compelling opportunity for an investor looking to add an income-producing property to their portfolio.**

1224 N State Street, Syracuse

$199,900

7 Beds ⋅ 2 Baths ⋅ S1713215 MLS

Welcome to this two-family home located on the west side of the city, offering a great combination of space, updates, and income potential. The property features a two-car detached garage, off-street parking, and two front porches. The first-floor flat offers a spacious and comfortable layout with a large living room and dining room, both featuring hardwood floors and a natural flow between the spaces. The large, updated kitchen has newer appliances, flooring, and fresh paint. There are three bedrooms and an updated full bathroom, making this a comfortable and functional unit. The first floor is currently rented for $1,200 per month; Rent could be higher. The second floor is currently owner-occupied and is being used as a four-bedroom unit. It features a huge front primary bedroom, a good-sized living room with hardwood flooring, an updated kitchen, and a remodeled bathroom. With its spacious layout and updates, this unit could potentially rent for approximately $1,400–$1,600 per month, providing excellent additional income potential. Numerous improvements have been made throughout the property, including eight newer windows, interior and exterior paint, newer hot water tanks, a resealed roof, updates to both kitchens and both bathrooms, extensive flooring updates, and more. A newer washer and dryer can also stay with the property. With two separate units, a detached two-car garage, off-street parking, multiple recent improvements, and strong rental potential, this property is a great opportunity for an investor, owner-occupant, or anyone looking to offset their mortgage with rental income.

531 Seymour Street, Syracuse

$159,900

3 Beds ⋅ 2 Baths ⋅ S1711957 MLS

Welcome to this well-built home located on a quiet street in Syracuse’s Valley neighborhood. Lovingly cared for by the same family for more than 40 years, this 1,640-square-foot home offers 3 bedrooms and 1 full bathroom upstairs, plus a convenient half bathroom on the first floor. The large living room features a beautiful fireplace and plenty of space for relaxing and entertaining. A flexible first-floor room provides the perfect opportunity for a home office, playroom, or additional living space. Upstairs, the spacious primary bedroom offers plenty of room to unwind. An attic fan helps keep the home comfortable during warmer months, and the roof is only about 5 years old. With its generous living spaces, practical layout, and long history of being cared for, this home offers a wonderful opportunity to become part of its next chapter. Come see all that this Valley neighborhood home has to offer!

239 Ferndale Drive, Syracuse

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Listings courtesy of OneKey® MLS as distributed by MLS GRID. Based on information submitted to the MLS GRID as of . All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.