| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 39th | Good |
| Demographics | 69th | Best |
| Amenities | 35th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 116 Oswego St, Baldwinsville, NY, 13027, US |
| Region / Metro | Baldwinsville |
| Year of Construction | 1997 |
| Units | 24 |
| Transaction Date | 1996-11-05 |
| Transaction Price | $72,000 |
| Buyer | TOWN SQUARE HOLDING LLC |
| Seller | SALT CITY DEVELOPMENT LLC |
116 Oswego St Baldwinsville Micro-Unit Multifamily Investment
Neighborhood occupancy trends point to stable renter demand and balanced pricing, according to WDSuite’s CRE market data. A 1997-vintage, small-format unit mix supports efficient operations in a suburban setting.
The property sits in an A- rated suburban neighborhood within the Syracuse, NY metro, ranked 40 out of 247 neighborhoods — competitive among Syracuse neighborhoods. Neighborhood occupancy is strong at the neighborhood level, with stability that supports revenue consistency for multifamily assets rather than volatile lease-up cycles.
Local livability is balanced: restaurants and pharmacies are comparatively accessible within the neighborhood, while cafes, parks, and childcare options are thinner. Average school ratings in the area are above the metro median and sit in the top quartile nationally, an indicator of family-serving amenities that can aid retention.
Rents in the neighborhood are near the national mid-range and have trended upward over the last five years. The immediate neighborhood shows a lower share of renter-occupied housing units, which can limit immediate depth, but the broader 3-mile radius expands the renter pool and supports occupancy stability. Home values are moderate for the region; combined with a low rent-to-income profile, this context can support steady collections but also introduces some competition from ownership alternatives. For investors seeking multifamily property research, these dynamics point to durable yet price-sensitive demand.
Within a 3-mile radius, demographic statistics indicate recent population and household growth, with projections through 2028 calling for further increases and slightly smaller average household size. This combination typically expands the tenant base and supports absorption of efficient unit types such as studios and micro-units.
Safety indicators are mixed when viewed against broader benchmarks. The neighborhood’s crime rank sits in the lower half of the Syracuse metro (154 out of 247 neighborhoods), while nationally it trends below the midpoint overall. Violent incident rates compare closer to national averages, whereas property-related incidents trend less favorably. Investors should consider standard security measures and loss-prevention protocols, focusing on well-lit common areas and unit-level hardware to support resident satisfaction.
- ADP Syracuse — business services (8.7 miles)
- WestRock — packaging & paper products (9.8 miles)
Nearby employment nodes provide commute convenience that can aid leasing and retention, with roles concentrated in business services and packaging operations.
Built in 1997, this 24-unit asset is newer than much of the surrounding housing stock, positioning it competitively versus older properties while still allowing for targeted value-add through system updates and contemporary finishes. Neighborhood occupancy remains healthy and directionally above many national comparisons, which, based on CRE market data from WDSuite, supports consistent leasing for efficient, small-format units.
The broader 3-mile area shows population and household growth with a renter pool expansion expected over the next several years, reinforcing demand for compact layouts at attainable price points. Moderate home values and a low rent-to-income backdrop can support collections and retention, though investors should account for potential competition from ownership options and manage property-incident risk typical of the area.
- 1997 vintage offers competitive positioning versus older local stock with selective renovation upside
- Neighborhood occupancy stability supports consistent leasing for micro-unit formats
- 3-mile radius shows growing households, expanding the tenant base and supporting absorption
- Moderate costs and low rent-to-income context can aid collections and resident retention
- Risks: competition from for-sale housing and property-incident exposure; mitigate via amenity/security upgrades and targeted marketing