| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 44th | Best |
| Demographics | 58th | Good |
| Amenities | 57th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 400 W Genesee St, Chittenango, NY, 13037, US |
| Region / Metro | Chittenango |
| Year of Construction | 1992 |
| Units | 26 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
400 W Genesee St Chittenango Multifamily Opportunity
Stabilized renter demand and improving household growth within a 3-mile radius suggest durable occupancy, according to WDSuite’s CRE market data. The 1992 vintage positions the asset competitively versus older local stock while leaving room for targeted modernization.
Chittenango sits in the Syracuse, NY metro as an inner-suburb location with an A neighborhood rating (ranked 21 of 247 metro neighborhoods), indicating competitive positioning within the region. Neighborhood occupancy is above the national median and has trended higher in recent years, supporting lease stability for multifamily assets.
Livability indicators are balanced for a suburban renter base. Neighborhood schools average roughly 4 out of 5 (ranked 7 of 247), placing performance in the top quartile among metro peers and the top quintile nationally. Daily needs are reasonably served with grocery and pharmacy access tracking above national midpoints, while parks are also above average. Café density is limited, which aligns more with a residential, family-oriented profile than a high-amenity urban node.
Tenure data points to a meaningful but not dominant renter base: approximately one-third of housing units are renter-occupied in the neighborhood. For investors, that renter concentration indicates a defined tenant pool without oversaturation, helping underpin consistent demand for well-maintained units.
Within a 3-mile radius, population and household counts have expanded in recent years, with additional household growth projected alongside smaller average household sizes. That combination typically enlarges the renter pool and supports occupancy stability. Home values sit near national mid-range levels locally, and a low rent-to-income ratio implies manageable affordability pressure for tenants — factors that can aid retention and measured pricing power. These dynamics align with commercial real estate analysis from WDSuite pointing to steady, needs-based renter demand rather than speculative growth.
Comparable crime data for this neighborhood is not available in WDSuite’s current release, so no formal rank against the 247 Syracuse metro neighborhoods is shown. Investors typically benchmark conditions using municipal reports and multi-year metro trends, focusing on property-level measures (lighting, access control, and on-site management) that support resident comfort and retention.
The area draws on Syracuse’s diversified employment base, with corporate offices within commuting range that help support workforce renter demand and leasing durability. Nearby employers include ADP, WestRock, and Frontier Communications.
- ADP Syracuse — payroll & HR services (15.8 miles)
- WestRock — packaging manufacturing (16.2 miles)
- Frontier Communications — telecommunications (32.0 miles)
Built in 1992 with 26 units, the property is newer than the neighborhood’s average vintage and should compete well against older local stock. Neighborhood occupancy has firmed, and within a 3-mile radius the increase in households and a modest rent-to-income profile point to a stable tenant base and solid renewal potential. Forecasts in WDSuite indicate further household growth and rising asking rents over the next five years, supporting a steady-income thesis rather than outsized growth.
According to CRE market data from WDSuite, the surrounding neighborhood ranks competitively within the Syracuse metro on schools and daily-needs amenities, helping reinforce family-oriented renter demand. While café and lifestyle density are lighter than urban cores and historical rents have been soft in parts of the metro, the property’s suburban positioning and workforce employer access should sustain leasing fundamentals with prudent expense and capital planning.
- 1992 vintage offers competitive positioning versus older local stock with targeted modernization potential
- Neighborhood occupancy and growing 3-mile households support demand durability and renewal odds
- Low renter affordability pressure locally supports measured pricing power and lease stability
- Access to Syracuse-area employers underpins workforce renter base and retention
- Risks: smaller-market depth, lighter lifestyle amenities, and historically soft rents in parts of the metro