Listed by GREA
Unpriced
MADISON STREET PORFOLIO - SYRACUSE
Details
Property Type Multifamily
Sub Type Student Housing, Apartment Building
Square Footage 10,200
Year Built 2016
Year Renovated 2018
Buildings 3
Lot Size (SqFt) 11,956
Zoning 006
Purpose-Built Off-Campus Student Housing Adjacent to Syracuse University
Marketing description
MADISON STREET PORTFOLIO
Purpose-Built Off-Campus Student Housing
Adjacent to Syracuse University
1019, 1026 & 1106 Madison Street - Syracuse, New York
10 Units | 31 Beds | 3 Properties | 0.2 Miles to Campus
All three properties are located within 0.2 miles of the Syracuse University campus and are grouped within proximity of one another along Madison Street, enabling efficient management under a single ownership structure. Each property is fully furnished with premium student amenities, including in-unit washer/dryer, free Wi-Fi and cable, security systems, 50" smart TVs with Sonos Playbar, and hardwood floors.
Investment highlights
- Walkability & Leasing Velocity: Situated 0.2 miles from the Syracuse University campus, the Portfolio benefits from a frictionless leasing cycle. Properties have historically achieved full pre-leasing early in the academic year with essentially zero stabilized vacancy, insulating income against broader market softness.
- Newer & Renovated Product: 1106 Madison is brand new 2018 construction; 1019 Madison was fully renovated in 2017; 1026 Madison was renovated in 2016. The Portfolio delivers modern finishes, premium student amenities, and institutional-quality interiors rarely found at this quality level in the off-campus submarket.
- Achievable Rent Growth: Driven by limited new supply and durable student demand, the Portfolio is well-positioned for continued rent growth. Its combination of renovated product, walkable campus proximity, and professional management creates a competitive advantage that supports pricing power through future lease cycles.
- Micron-Driven Regional Growth: With Micron’s $100B investment in Clay and Onondaga County facing a 30,000-unit housing shortage, the Portfolio is positioned to benefit from long-term regional demand growth
- Economies of Scale: All three properties are clustered within close walking distance of one another along Madison Street, allowing a single owner/operator to manage leasing, maintenance, and tenant relations with minimal overhead — a meaningful cost advantage versus scattered-site student housing portfolios.
Listing Contacts
Listed by GREA
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Zoning
R5 ResidentialMulti FamilyHigh Density Residential
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View all 119 uses Last updated Jun 24, 2026 For deeper zoning details, reports are available at Zoneomics
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