| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 26th | Poor |
| Demographics | 51st | Fair |
| Amenities | 58th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 400 Lamb Ave, Canastota, NY, 13032, US |
| Region / Metro | Canastota |
| Year of Construction | 1987 |
| Units | 101 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
400 Lamb Ave, Canastota NY Multifamily Investment
Neighborhood fundamentals point to steady renter demand supported by accessible rents and daily-needs amenities, according to WDSuite s CRE market data. Expect stable workforce tenancy in a rural setting where occupancy trends reflect local dynamics rather than metro volatility.
The property sits in a rural neighborhood of the Syracuse, NY metro that is competitive among Syracuse neighborhoods (ranked 53 out of 247). Amenity access is a relative strength locally the area ranks within the stronger cohort of the metro (amenities rank 20 of 247) and tracks above the national median on WDSuite s amenity benchmarks. Grocery and restaurant density score in the upper national percentiles, signaling convenience for residents and support for day-to-day living.
Neighborhood occupancy trends are below the metro median, which indicates leasing can be more property-specific and operational execution matters. That said, rent-to-income levels benchmark favorably at the neighborhood level, which can aid retention and reduce turnover volatility. Median school ratings average around 3.0 out of 5 and sit above the national median, providing a basic quality signal for family renters.
Housing stock in the immediate area skews older (average vintage early 1900s at the neighborhood level), a dynamic that often creates renovation opportunities and positions comparatively newer assets as competitive on finishes and systems. The share of renter-occupied units is modest closer to one-quarter to one-third of housing which suggests a defined but not unlimited tenant base; properties catering to workforce renters and value-oriented offerings typically see steadier absorption in this context.
Within a 3-mile radius, demographic statistics indicate smaller household sizes and an increase in households even as population growth is flat to slightly negative over the forecast window. For investors, more households with fewer people per home can expand the renter pool over time and support occupancy stability, particularly for well-managed, right-sized units.
Neighborhood-level crime data for this location is not available in WDSuite s current release, so comparative safety rankings versus the Syracuse metro or national benchmarks cannot be stated. Investors typically supplement market screening with local law enforcement reports, municipal dashboards, and on-the-ground observations to assess safety trends around the asset.
Commuting access to regional employers supports renter demand, with payroll services, packaging, and telecommunications within reasonable drive times that can underpin workforce tenancy.
- ADP Syracuse (21.9 miles)
- WestRock (22.8 miles)
- Frontier Communications (30.9 miles)
Built in 1987, the asset is materially newer than much of the surrounding housing stock, which can translate to lower near-term capital intensity and a more competitive offering versus older properties, while still warranting targeted system upgrades or modernization as part of a value-add plan. According to CRE market data from WDSuite, the neighborhood s amenity access outperforms national medians while occupancy runs below the metro median, placing a premium on hands-on leasing and management.
Renter demand is supported by accessible rent-to-income levels and daily-needs retail, with a modest renter-occupied share indicating a defined workforce tenant base. Homeownership costs in this area are comparatively manageable, which can compete with rentals, but well-positioned units that price to value and emphasize convenience should maintain leasing velocity.
- 1987 construction offers relative competitive positioning versus older neighborhood stock, with manageable modernization needs.
- Neighborhood amenities and daily-needs access score above national medians, supporting tenant retention.
- Favorable rent-to-income dynamics support occupancy stability and reduce turnover risk.
- Risk: Occupancy trends below the metro median require active leasing and expense discipline.
- Risk: More accessible ownership options can compete with rentals; positioning and value-add execution are key.