| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 49th | Best |
| Demographics | 61st | Good |
| Amenities | 21st | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 101 Village Blvd S, Baldwinsville, NY, 13027, US |
| Region / Metro | Baldwinsville |
| Year of Construction | 1978 |
| Units | 48 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
101 Village Blvd S Baldwinsville Multifamily Investment
Steady renter demand and neighborhood occupancy around the low-90s, according to WDSuite’s CRE market data, point to consistent cash flow potential with measured upside from unit renovations. The area’s renter base and household growth within a 3-mile radius support leasing durability without relying on aggressive assumptions.
This suburban pocket of the Syracuse, NY metro scores A- at the neighborhood level and is above the metro median among 247 neighborhoods overall. Schools are a relative strength, ranking in the top quartile among 247 metro neighborhoods, which can aid family retention and longer tenancy. Grocery access also ranks competitively (near the top quartile in the metro), while discretionary amenities like cafes and parks are limited, a tradeoff common to suburban locales.
For investors assessing renter depth, the neighborhood’s share of renter-occupied housing is roughly one-third, indicating a meaningful tenant base. Within a 3-mile radius, demographics show a growing household count and a renter share in a similar range, which supports occupancy stability and day-to-day leasing. Median contract rents in the neighborhood are around $1,034 with five-year growth, and the rent-to-income profile near 0.21 suggests manageable affordability pressure that can help sustain retention.
From a housing stock perspective, 1978 vintage is slightly newer than the neighborhood’s average construction year (early 1970s), positioning the asset competitively against older inventory while leaving room for targeted upgrades to systems and interiors. Neighborhood NOI per unit performance ranks in the upper tier locally and is top quartile nationally, based on CRE market data from WDSuite, underscoring healthy fundamentals relative to many peer areas.
Looking forward, 3-mile projections indicate population growth and a meaningful increase in households, expanding the renter pool and supporting occupancy and pricing over time. In a market with elevated home value growth but still moderate ownership costs, multifamily competes by offering accessible rental options that can reinforce lease retention—an observation grounded in commercial real estate analysis rather than consumer preference.
Safety metrics for the neighborhood sit around the middle of the Syracuse metro, with rankings measured against 247 neighborhoods. Nationally, the area trends below the median for safety, though recent data shows property offenses declining year over year. Investors should underwrite standard security and loss-prevention measures while noting that conditions can vary by block and over time.
In practical terms, the mix of mid-metro safety positioning and a recent dip in property offenses suggests risk management is warranted but not atypical for comparable suburban markets. Monitoring updated neighborhood-level trends remains prudent as part of ongoing asset operations.
Nearby employment nodes anchor daily demand and commute convenience, with corporate offices within 7 miles that support a stable renter base. The most relevant nearby employers include ADP and WestRock.
- ADP Syracuse — payroll & HR services (6.5 miles)
- WestRock — packaging & paper products (7.2 miles)
Built in 1978, the property is slightly newer than the neighborhood’s early-1970s average, giving it a competitive edge over older stock while still offering value-add potential through selective modernization. Neighborhood occupancy is in the low-90s and the share of renter-occupied units is roughly one-third, indicating a meaningful tenant base. Within a 3-mile radius, household growth and a larger renter pool are projected to expand over the next five years, which supports steady leasing and rent durability.
Neighborhood NOI per unit performance tests strong locally and sits in the upper national percentiles, according to multifamily property research from WDSuite. Rents hover near the low-$1,000s with manageable rent-to-income levels, suggesting room for operational improvement rather than reliance on outsized rent growth. Primary risks include softer discretionary amenity density and mid-metro safety positioning, both of which can be managed through thoughtful capex, tenant experience, and asset operations.
- 1978 vintage: competitive versus older stock with clear renovation and systems-upgrade pathways
- Low-90s neighborhood occupancy and meaningful renter concentration support cash flow stability
- 3-mile projections show population and household growth, expanding the tenant base over time
- Strong neighborhood NOI-per-unit positioning relative to metro and national peers
- Risks: limited discretionary amenities and mid-metro safety metrics require proactive management