| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 57th | Best |
| Demographics | 79th | Best |
| Amenities | 30th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 3104 Lupine Dr, Baldwinsville, NY, 13027, US |
| Region / Metro | Baldwinsville |
| Year of Construction | 1980 |
| Units | 24 |
| Transaction Date | 2006-09-22 |
| Transaction Price | $910,000 |
| Buyer | CAROCO |
| Seller | SAFEY PROPERTIES |
3104 Lupine Dr, Baldwinsville NY Multifamily Investment
Neighborhood occupancy is notably strong with steady renter demand, according to WDSuite’s CRE market data, supporting stable performance for a 24-unit asset. The suburban setting offers durability while leaving room for selective upgrades to enhance competitiveness.
The property sits in a suburban Baldwinsville neighborhood that rates A and is competitive among Syracuse’s 247 neighborhoods (ranked 13th), indicating solid livability and housing stability. According to WDSuite’s CRE market data, neighborhood occupancy trends are in the top quartile nationally (95th percentile), a signal that supports leasing stability and lower downtime between turns.
Renter-occupied housing accounts for roughly a quarter of neighborhood units, suggesting a more ownership-oriented area with a focused but durable tenant base. For investors, this typically points to stable tenancy and retention, with demand concentrated among households prioritizing convenience and value over ownership. Median contract rents in the neighborhood track near national mid-range levels, which can help maintain occupancy without overextending affordability.
Within a 3-mile radius, population and household counts have been increasing and are projected to expand further over the next five years, implying a larger tenant base and support for future leasing. Household incomes in the immediate area are relatively strong versus national norms, which can translate to lower turnover risk and more predictable collections for well-managed assets.
Amenities skew suburban: parks access is above the national median, while daily needs like groceries and pharmacies are typically reached by short drives rather than walkable blocks. For a 1980-vintage property, the area’s stability and renter demand profile are positives, and selective modernization can help the asset compete effectively against newer stock in the Syracuse metro.
Safety indicators point to a mixed but improving profile. Compared with other neighborhoods in the Syracuse metro, this area ranks toward the higher-crime side (rank 27 out of 247), so investors should underwrite prudent security and lighting standards. At the same time, it performs above average nationally (around the 69th percentile for overall safety), which tempers local comparative risks.
Recent trend data is constructive: both property and violent offense rates have declined meaningfully year over year, with improvement measures placing the neighborhood in a strong position versus national peers. For underwriting, these dynamics support stable operations when paired with routine risk controls and resident engagement.
Nearby corporate offices provide a steady employment base that supports renter demand and commute convenience, notably in business services and packaging sectors reflected below.
- ADP Syracuse — business services (7.9 miles)
- WestRock — packaging & paper products (9.6 miles)
3104 Lupine Dr is a 24-unit, 1980-vintage asset positioned in a suburban Baldwinsville neighborhood with very high occupancy and stable renter demand. Based on CRE market data from WDSuite, the neighborhood’s leasing environment compares favorably at the national level, which supports consistent cash flow, while the older vintage offers practical value‑add angles around unit refreshes and common-area updates.
The area skews more ownership-oriented, but strong household incomes and projected household growth within a 3-mile radius point to a resilient renter pool and solid retention. Home values are elevated relative to local incomes but remain accessible enough that pricing power should be managed thoughtfully; low rent-to-income levels suggest affordability pressure is limited, aiding collections and renewals.
- High neighborhood occupancy supports stable leasing and reduced downtime.
- 1980 vintage provides clear value-add potential through targeted interior and systems upgrades.
- Strong incomes and expected household growth within 3 miles expand the tenant base and support retention.
- Suburban amenity pattern favors drive-to convenience; limited walkability may require amenity programming on-site.
- Risk: Ownership alternatives in the area can limit pricing power; focus on renovations and service to sustain occupancy.