Butternut by the Park

For Sale

1312 Butternut Street, Syracuse, NY 13208

This Syracuse property for sale is located at 1312 Butternut Street. The current listed sale price for Butternut by the Park is $3,645,000. Butternut by the Park is situated on a lot that is 1.6 acre in size.

Contacts

Steph Jacobson

Yaman Commercial

Property Details

  • Property Type Multi-Family
  • Property Size 41,991 SF
  • Units 48
  • Lot Size 1.6 Acre
  • Property Tenancy Multi-Tenant
  • Year Built 1960
  • Year Renovated 2024
  • Date Updated May 3, 2026
Welcome to Syracuse, New York, a city positioned in the center of the state at the intersection of interstates 81 and 90. Easy access to multiple markets has historically made Syracuse a hotspot for manufacturing, medical innovation and investors alike. Syracuse sits less that five hours from New York City, five hours from Boston, four hours from Philadelphia and less than four hours from Toronto and Montreal, making it an ideal location for distribution. Interest in the city has sky-rocketed of late thanks to the establishment of Micron's new semiconductor plant, a complement to the well-established Syracuse University. Multiple hospitals and healthcare systems employ thousands of staff, along with Lockheed Martin, National Grid, and Amazon. Increased demand for housing throughout Onondaga county continues to rise, making this an ideal location for the savvy multifamily investor.Available for sale is the newly-renovated and stabilized Butternut by the Park complex! Centrally located in the city of Syracuse, these buildings benefit from strong rental demand, ease of public transportation, a well-established neighborhood, and immediate proximity to Schiller Park. Plenty of parking, bright airy units, refreshed wood floors and many updated kitchens and baths are offered to tenants at attractive prices, though there remains room for improvement. Benefit from Syracuse's growth and increased need for workforce housing with this well-established and reliable complex.
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Highlights

  • Actual NOI $267,865
  • Convenient central location
  • Excellent occupancy
  • Many units updated and refreshed
  • Potential remaining for rent increase

Attachments

Getting around

  • 65/100

    Walk Score ®

  • 38/100

    Transit Score ®

  • 51/100

    Bike Score ®

Powered by Walk Score ®

Location

  • City Syracuse, NY
  • Neighborhood Northside Syracuse
  • Zip Code 13208
  • Market Syracuse

Points of Interest

  • Syracuse

    1.44 miles

  • Rideshare Pickup A

    3.36 miles

  • Rideshare Pickup B

    3.54 miles

  • MAA Petroleum, INC.

    0.97 miles

  • Mirabito

    0.99 miles

  • Sunoco

    1.02 miles

  • Citgo

    1.03 miles

  • Speedway

    1.31 miles

  • Mobil

    1.32 miles

  • ChargePoint

    1.39 miles

  • Key Convenient Mart INC

    1.39 miles

  • Tesla Supercharger

    3.21 miles

  • Mcdonalds

    5.94 miles

  • Open Hand Theater Parking Only

    0.82 miles

  • Emergency Department Parking

    0.87 miles

  • Staff Parking Garage

    0.93 miles

  • Medical Office Centre Parking Garage

    0.99 miles

  • One Herald Place Lot

    1.21 miles

  • Murbro Lot #21

    1.25 miles

  • 100 Clinton Square

    1.29 miles

  • National Grid Lot

    1.31 miles

  • Smith Lot

    1.34 miles

  • State Tower Garage

    1.37 miles

  • Hostelling International Syracuse

    0.71 miles

  • Aloft Syracuse Inner Harbor

    1.16 miles

  • Quality Inn & Suites Downtown

    1.17 miles

  • Embassy Suites

    1.31 miles

  • Crowne Plaza Syracuse

    1.50 miles

  • ParkView Hotel

    1.51 miles

  • Residence Inn

    1.56 miles

  • Courtyard

    1.57 miles

  • Jefferson Clinton

    1.63 miles

  • Collegian Hotel & Suites

    1.63 miles

  • Tops

    0.30 miles

  • Lombardi's Fruits and Imports

    0.71 miles

  • Save-A-Lot

    0.76 miles

  • Asian Grocery

    1.03 miles

  • Ra-Lin

    1.24 miles

  • TJ Maxx

    1.43 miles

  • Macy's Backstage

    1.50 miles

  • Macy's

    1.50 miles

  • Destiny USA

    1.52 miles

  • Asia Food Market

    1.58 miles

Contact Listing Broker
Steph Jacobson

Yaman Commercial

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