Debra Smith
Licensed Real Estate Salesperson
REALTOR®
Margaretville, NY
Office: (845) 586-3321 (973) 479-6445
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405 Pond Street, Syracuse, NY 13208

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Property Description

Investor opportunity with strong in-place income and additional upside. 405 Pond Street is a mixed-use property featuring a 2,300 SF grocery store plus three residential apartments above. Current income includes a long-term grocery tenant paying $1,600/month, one apartment at $1,300/month, one apartment at $800/month, and a vacant top-floor apartment previously rented for $1,300/month.Gross monthly rent $4,000 Recent capital improvements include a new roof and three new boilers. Tenants pay their own utilities, with the owner responsible for water/sewer. Sale also includes 403 Pond Street, providing valuable off-street parking for approximately 10 vehicles. This is a strong cash-flowing asset with value-add potential through leasing the vacant apartment and optimizing rents.

405 Pond Street | MLS# S1695711

This multi-family property located at 405 Pond Street, Syracuse, NY 13208 is currently listed for sale with an asking price of $359,000. Pond Street is located within the Syracuse school district. Search Syracuse real estate on debbie-smith.timberlandproperties.com today.

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Property Features

Property Type: Multi Unit - Multiple
Basement: Full
Heating: Gas, Baseboard, Forced Air, Hot Water
Lot Size: 0.08 Acres
Roof Type: Architectural, Shingle
Stories: 3.0
Taxes: $6,486
Year Built: 1940

Feature Descriptions

Appliances: Gas Water Heater
Days on Site: 8
Exterior: Brick, Vinyl Siding, Copper Plumbing
Flooring: Hardwood, Resilient, Varies
Lot: Irregular Lot, Near Public Transit
Lot Dimensions: 33X99
Parcel#: 311500-007-000-0030-030-000-0000
Parking: Paved, Parking Available, Two or More Spaces
Parking Notes: Paved, Parking Available, Two or More Spaces
Sewer: Connected
Units: 3
Utilities: Cable Available, Sewer Connected, Water Connected
Water: Connected, Public

Local Schools

School District: Syracuse

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Estimated Payment

$ 1,444.19 per month $798.98 Principal & Interest $540.50 Property Tax $104.71 Homeowner's Insurance

Change Payment Information

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years/fixed
yearly
yearly (est.)
(Payments are an estimate and may vary by lender)

Demographics

Listed By / Shown By

Listing By

Agency Name: Hunt Real Estate ERA
Agency Phone: 315-699-3200

Shown By

Agent Name: Debra Smith
Agent Phone: (973) 479-6445
Agency Title: Timberland Properties

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All information is deemed reliable but not guaranteed. All properties are subject to prior sale, change, or withdrawal. Neither broker(s), nor agent(s) shall be responsible for any typographical errors, misinformation, or misprints, and shall be held totally harmless. Disclaimer: All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information on this site was last updated 07/17/2026. The listing information on this page last changed on 07/17/2026. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of Delta Media Group MLS (last updated Fri 07/17/2026 1:07:30 PM EST) or Global MLS (last updated Fri 07/17/2026 12:53:53 PM EST) or New York State Alliance MLS (last updated Fri 07/17/2026 12:59:47 PM EST) or Hudson Valley Catskill Region MLS (last updated Fri 07/17/2026 1:01:46 PM EST) or OneKey MLS (last updated Fri 07/17/2026 12:14:17 PM EST). Real estate listings held by brokerage firms other than Timberland Properties may be marked with the Internet Data Exchange logo and detailed information about those properties will include the name of the listing broker(s) when required by the MLS. All rights reserved.

All information is deemed reliable but not guaranteed. All properties are subject to prior sale, change, or withdrawal. Neither broker(s), nor agent(s) shall be responsible for any typographical errors, misinformation, or misprints, and shall be held totally harmless.

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