| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 49th | Best |
| Demographics | 61st | Good |
| Amenities | 21st | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 501 Village Blvd S, Baldwinsville, NY, 13027, US |
| Region / Metro | Baldwinsville |
| Year of Construction | 1988 |
| Units | 120 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
501 Village Blvd S Baldwinsville Multifamily Investment
Neighborhood occupancy trends are above the Syracuse metro median, suggesting stable renter demand for a 120-unit asset, according to WDSuite’s CRE market data. The 1988 vintage positions the property competitively versus older local stock while still allowing for targeted modernization.
Baldwinsville sits in a suburban node of the Syracuse metro with an A- neighborhood rating and a profile that is top quartile among 247 metro neighborhoods. Local schools score in the stronger tier metro-wide (top quartile), which can support retention for family-oriented renters. Grocery access ranks in the top quartile across the metro and around the national 70th percentile, while dining density is closer to the metro median, reflecting a quieter suburban setting.
For investors, the renter-occupied share of housing units is in the top quartile among 247 metro neighborhoods, indicating a deep tenant base for multifamily. Neighborhood occupancy is above the metro median and moderately above national norms, supporting income durability. Median contract rents track near the national middle, and the rent-to-income profile suggests manageable affordability pressure that can aid lease retention and disciplined pricing.
Demographic statistics within a 3-mile radius show recent population and household growth with projections for additional household expansion, which points to a larger tenant base over the next few years. Household incomes have trended higher and are projected to continue rising, which can underpin demand for well-maintained units and measured rent growth. As ownership costs in the area are relatively accessible compared with high-cost coastal markets, multifamily assets may face some competition from entry-level ownership, but steady renter concentration and household growth mitigate this risk.
The property’s 1988 construction is newer than the neighborhood’s average vintage from the early 1970s, implying relative competitiveness versus older stock; targeted updates to common areas and systems can sharpen positioning. Overall operating potential is supported by strong neighborhood NOI per-unit performance (top quartile metro-wide), based on commercial real estate analysis from WDSuite.
Safety indicators are mixed relative to the Syracuse metro. The neighborhood’s crime standing sits modestly below the metro median (ranked in the lower half among 247 metro neighborhoods), and around the lower half nationally. For investors, this suggests underwriting for routine security measures and tenant screening aligned with suburban assets rather than urban-core protocols.
Recent trends show property offenses easing year over year, while violent offenses increased over the same period. The split underscores the importance of monitoring quarterly updates and aligning operating practices with local conditions. Framed against suburban peers, conditions are not outlier-high, but they are not top-tier either; prudent budgeting for lighting, access control, and community engagement remains warranted.
The employment base nearby spans business services and packaging, supporting workforce housing demand and commute convenience for renters. The list below highlights key employers within a short drive that can contribute to leasing stability.
- ADP Syracuse — payroll & HR services (6.5 miles)
- WestRock — paper & packaging (7.1 miles)
This 120-unit, 1988-vintage asset benefits from a suburban location that ranks in the top quartile among 247 Syracuse neighborhoods, with school quality and grocery access outperforming most local peers. Renter-occupied housing share is also top quartile metro-wide, pointing to a durable tenant base. Neighborhood occupancy trends sit above the metro median, supporting income stability, while rents hover near national mid-range levels that support retention and measured growth.
According to CRE market data from WDSuite, NOI performance at the neighborhood level is top quartile across the metro, reinforcing the case for consistent operations. Near-term upside stems from selective renovations that leverage the property’s newer-than-average vintage to compete against older stock, while 3-mile demographics indicate continued household growth that should enlarge the renter pool. Key risks include moderate safety standing and some competition from relatively accessible ownership options, which call for disciplined leasing and amenity execution.
- Above-metro median occupancy supports income stability and retention
- Top-quartile renter concentration in the metro signals a deep tenant base
- 1988 vintage offers competitive positioning with targeted value-add potential
- Neighborhood NOI performance ranks among the metro’s top quartile
- Risks: mid-pack safety profile and potential competition from entry-level ownership