53 Arterial West, Auburn, NY 13021

• 6 beds |
• 3 baths |
• 2,624 sqft

Property Description

STUNNING REMODELED 3-UNIT MULTI-FAMILY IN THE UP-AND-COMING AUBURN MARKET!! TURNKEY INVESTMENT OPPORTUNITY WITH ALL UNITS OCCUPIED AND PRODUCING STRONG CASH FLOW!! TOTAL RENTAL INCOME OF $3,700/MONTH ($44,400/YEAR) WITH A PROJECTED CAP RATE OF APPROX. 13% AT A $265,000 PURCHASE PRICE!! UNIT BREAKDOWN INCLUDES A SPACIOUS 3-BEDROOM UNIT RENTED AT $1,300/MONTH, A 2-BEDROOM UNIT RENTED AT $1,200/MONTH, AND A 1-BEDROOM UNIT RENTED AT $1,200/MONTH—IDEAL FOR INVESTORS SEEKING IMMEDIATE INCOME AND LONG-TERM APPRECIATION!! PROPERTY HAS BEEN FULLY RENOVATED WITH MAJOR CAPITAL IMPROVEMENTS INCLUDING A NEW ROOF, UPDATED ELECTRIC, NEW PLUMBING, NEW INTERIOR PAINT, NEW FLOORING THROUGHOUT, MODERNIZED KITCHENS WITH NEW CABINETS & SINKS, UPDATED BATHROOMS, NEW APPLIANCES, SEVEN NEW WINDOWS, NEW HEATING SYSTEMS, NEW HOT WATER HEATER, NEW ELECTRIC PANEL WITH CIRCUIT BREAKERS, AND MORE!! EXTERIOR FEATURES INCLUDE A LARGE BACKYARD, 3-CAR GARAGE FOR ADDITIONAL INCOME OR TENANT USE, AND TWO UNITS WITH PRIVATE PORCHES!! PRIME LOCATION CLOSE TO SHOPPING, DINING, SCHOOLS, PARKS, ROUTE 5 & ROUTE 34, MAKING THIS A HIGH-DEMAND RENTAL PROPERTY!! PERFECT FOR INVESTORS LOOKING FOR A CASH-FLOW OR OWNER OCCUPANTS SEEKING TO HOUSE HACK AND BUILD EQUITY!! MOVE-IN READY • INCOME PRODUCING • STRONG ROI • SCHEDULE YOUR SHOWING TODAY!!

Listing Status:

Active

Date Added:

March 29, 2026

Data Last Updated:

August 11, 2026 at 1:16AM

Listing Office:

Howard Hanna Real Estate : 315-622-2111

Listing Agent:

Jason Maddison : 315-622-2111

MLS ID:

S1669858

Interior

• General: Ceiling Fan(s)Separate/Formal Living RoomOtherSee RemarksBedroom on Main Level
• Appliances: Free-Standing RangeGas Water HeaterOvenRefrigerator
• Basement: Full
• Flooring: CarpetHardwoodLaminateVaries
• Heating: GasForced Air
• Fireplace: Fireplaces: 0

Exterior

• General: Blacktop DrivewayBalcony
• Style: OtherSee Remarks
• Other Structures: Balcony
• Parking: DetachedGarage

Construction

• Roofing: Asphalt
• General: OtherWood Siding2Stone

Location

• Originating MLS: NYS_S
• School District: Auburn
• County: Cayuga

Lot

• Zoning: 050100-116-038-0002-012-000-0000

Utilities

• Utilities: Cable AvailableElectricity ConnectedHigh Speed Internet AvailableSewer ConnectedWater ConnectedCircuit Breakers
• Water: ConnectedPublic
• Sewer: Connected

Financial

• Source: NYS_S