UNIVERSITY TOWNHOMES AT SU

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New York & Tri-State + Student Housing
Created date: April 8, 2026
Date last updated: April 8, 2026
Price: $10,800,000Investment Analyzer NEW!

-Modern Amenities & Design
Fully furnished, three-story residences designed specifically for group living; Units feature stainless-steel kitchen appliances, upgraded bathrooms with marble and tile finishes, hardwood bedroom flooring, and private patios or balconies; Individual mini-split heating and cooling systems for each bedroom provide a meaningful competitive advantage over older, less efficient housing stock in the submarket

-Prime Location Directly Adjacent to Syracuse University
Walkable access to campus and immediate proximity to the South Campus Shuttle Line; Location has historically driven strong leasing velocity and positions University Townhomes among the most desirable off-campus housing options for students

-Operational Efficiency & Ancillary Income
Utilities are largely passed through to tenants via structured billbacks, with water and sewer billed directly to residents and trash service provided by the city; Additional revenue streams include parking fees, technology fees, and optional furniture packages, supporting strong expense control and diversified income

Sustained Demand Fundamentals
Supported by Syracuse University’s growing student population and limited supply of modern, multi-level townhome product; the Property has maintained historically high occupancy levels of 98–100% with consistent early pre-leasing activity

Value-Add Opportunity
Asset presents incremental upside through improved operational execution and refined revenue management, with minimal incremental capital required; Limited, selective interior and exterior enhancements may provide additional upside and can be readily supported by an established local or national operating platform; Strengthened marketing and leasing efforts are expected to improve pre-leasing performance and drive gross revenue

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Broker Details

Ken Wellar
Ken Wellar

GREA (215) 454-2879

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Key Property Information

Listing Status: Available
Listing Type: Highest & best offer
Property Types: Student Housing
Price: $10,800,000
No. of Units: 48
Opportunity Zone: No
Price per unit: $225,000

Investment Analyzer

Step 1Financing Calculation

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Step 2Gross Rent Analysis

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Step 3Cap Rate Calculation

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Step 4Final Deal Analysis

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