www.crexi.com - The Commercial Real Estate Exchange
Subscribe to Intelligence for full access
Analyze more property details including ownership and financial history. Share advanced property insights with your clients and teams.
Subscribe to Intelligence for full access
Analyze more property details including ownership and financial history. Share advanced property insights with your clients and teams.
31733329
31733330

328 Ashdale Ave, Syracuse, NY 13206

CBRE - Syracuse
Listed by CBRE - Syracuse
$429,000
51 days on market
Updated 48 days ago

328 Ashdale Ave, Syracuse, NY 13206

Details
Property Type Multifamily
Sub Type Apartment Building
Net Rentable (SqFt) 4,032
Units 5
Occupancy 100%
Pro-Forma Cap Rate 9.64%
Pro-Forma NOI $41,335
Broker Co-Op Yes
Year Built 1965
Buildings 1
Stories 3
Investment Type Value Add

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

Listing Contacts

CBRE - Syracuse
Listed by CBRE - Syracuse

Valuation Calculator

Login or Sign up to see Valuation Metrics
Sign up for Crexi to see valuation metrics for this property
$
$
%
Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$--
$--

Valuation Metrics

0
DSCR
--
Cap Rate
--
ROI

Map

Broker Selected Comps View More Comps

Property History

Intelligence Badge

Tax History

Intelligence Badge

Similar Properties

View All
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
Is there information that looks off?
For assistance, reach out to our support team at [email protected] or call 888.273.0423 . For press inquiries, contact [email protected]
Equal Housing Opportunity
5510 Lincoln Blvd #400, Los Angeles, CA 90094Commercial Real Estate Exchange, Inc.Crexi Technologies, LLCCXTechnology, LLC
© 2026 Commercial Real Estate Exchange, Inc. All Rights Reserved. DRE #02086591