

328 Ashdale Ave, Syracuse, NY 13206
Multifamily | 5 Units | $85,800/unit
Marketing description
328 Ashdale Ave. presents a compelling opportunity to acquire a well-located, 5-unit multifamily asset in Syracuse’s Eastwood neighborhood—one of the city’s most stable and recognizable submarkets. Positioned on a quiet residential street with convenient access to major retail corridors, employment centers and downtown Syracuse, the property benefits from consistent rental demand driven by its neighborhood appeal and accessibility.
The asset offers investors a chance to capture durable in-place income while unlocking meaningful upside, as current rents are well below market levels and all units have month-to-month tenants. This presents a clear opportunity to enhance returns through strategic rent increases, improved lease management, and operational efficiencies. The surrounding area features strong fundamentals, including proximity to shopping along James Street, easy connectivity to I-690, and a neighborhood known for long-term tenancy and community character.
328 Ashdale Ave. is ideally suited for both local and out-of-market investors seeking a steady-performing property in a supply-constrained market. With Syracuse continuing to experience tailwinds from regional economic investment and housing demand, this offering provides a foothold in a market with upside and stability.
Investment highlights
+Five-unit apartment building consisting of four (4) 2-bed units and one (1) 1-bed unit
+100% Occupancy with value-add potential
+All units on month-to-month leases
+Additional storage and coin-op laundry in basement
+Off-street parking lot available for tenants
+Located in desirable Eastwood neighborhood
+Walking distance to James Street amenities
+Less than 8-miles from Micron’s to-be-built semiconductor fabrication facilities in Clay, NY
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