Historically high occupancy, very low vacancy, consistent rental demand, and additional upside potential make this 6-unit Solvay property a strong addition to an investment portfolio. The property is currently 100% occupied, generating $6,635 in gross monthly rent and $79,620 in gross annual rental income. Several units are currently rented below prevailing market rates, creating an opportunity for future income growth as leases turn over and rents are adjusted over time. Each tenant pays their own apartment utilities, including heat, electric and cable. Connections to Route 690, Fairmount retail centers, Downtown Syracuse, area hospitals and major employers. 405 Cogswell Ave offers an attractive opportunity for investors seeking both current cash flow and future income growth.
Property Details
Price:
$649,000
MLS #:
S1704002
Status:
Active
Beds:
6
Baths:
0
Type:
Multi Family
Subtype:
Other
Neighborhood:
solvayvillage313201
Listed Date:
Sep 15, 2026
Finished Sq Ft:
7,898
Total Sq Ft:
7,898
Lot Size:
6,251 sqft / 0.14 acres (approx)
Year Built:
1960
Units:
6
See this Listing
Schools
School District:
Solvay
Interior
Appliances
Electric Water Heater, See Remarks
Flooring
Carpet, Hardwood, Varies, Vinyl
Heating
Baseboard, Electric
Levels
Two
Exterior
Community Features
None
Construction Materials
Aluminum Siding, Brick, Frame
Exterior Features
Blacktop Driveway
Lot Features
Rectangular, Rectangular Lot, Residential Lot
Parking Features
Two Spaces, No Garage
Roof
Architectural, Shingle
Stories
2
Financial
Taxes
$9,980
Map
Community
- Address405 Cogswell Avenue Geddes NY
- CityGeddes
- CountyOnondaga
- Zip Code13209
Subdivisions in Geddes
Market Summary
Current real estate data for Multi Family in Geddes as of Oct 09, 2026
8
Multi Family Listed
74
Avg DOM
93
Avg $ / SqFt
$412,937
Avg List Price
Property Summary
- 405 Cogswell Avenue Geddes NY is a Multi Family for sale in Geddes, NY, 13209. It is listed for $649,000
Similar Listings Nearby
Courtesy of Hunt Real Estate ERA. Disclaimer: All data relating to real estate for sale on this page comes from the Broker Reciprocity (BR) of the New York State Alliance of MLSs. Detailed information about real estate listings held by brokerage firms other than Michael Paduano include the name of the listing broker. Neither the listing company nor Michael Paduano shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The Broker providing this data believes it to be correct, but advises interested parties to confirm any item before relying on it in a purchase decision. Copyright 2026. New York State Alliance of MLSs. All rights reserved. 405 Cogswell Avenue
Geddes, NY