| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 65th | Best |
| Demographics | 71st | Best |
| Amenities | 53rd | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 5554 W Genesee St, Camillus, NY, 13031, US |
| Region / Metro | Camillus |
| Year of Construction | 1996 |
| Units | 24 |
| Transaction Date | 1995-09-14 |
| Transaction Price | $125,000 |
| Buyer | CAMILLUS HOUSING CO I LP |
| Seller | ST JOSEPH'S CHUR CAMILLUS |
5554 W Genesee St, Camillus NY Multifamily Outlook
Neighborhood fundamentals point to resilient renter demand and high occupancy at the area level, according to WDSuite’s CRE market data. Focus centers on stable leasing conditions rather than rapid growth, with investor attention on retention and steady cash flow.
Set in a suburban pocket of the Syracuse metro, the neighborhood surrounding 5554 W Genesee St ranks competitive among Syracuse neighborhoods (6 of 247, A+ rating), signaling mature fundamentals and consistent leasing performance. Area occupancy is strong at the neighborhood level and sits in the top quartile nationally, supporting stability through cycles based on CRE market data from WDSuite.
Rents in the neighborhood have advanced meaningfully over the past five years, and the area shows above-median national standing for housing and demographics. The renter-occupied share is modest (roughly one-quarter of units), which typically indicates a stable but selective tenant base; investors should expect steadier retention dynamics rather than high-churn lease-up.
Livability indicators are balanced: restaurant and pharmacy access score well versus the metro, while grocery and childcare density are thinner. Average school ratings trend slightly above national mid-range. These patterns align with a suburban lifestyle proposition that can aid tenant retention, though day-to-day convenience may vary by micro-location and property management services.
Within a 3-mile radius, households have increased even as average household size has edged lower, and projections show further growth in household counts over the next five years. This points to a gradually expanding renter pool and supports occupancy stability. Home values sit in a more accessible range for ownership compared with coastal markets, which can introduce competition with for-sale housing; however, relatively favorable rent-to-income metrics imply manageable affordability pressure that can aid lease renewal rates.
Safety outcomes for the neighborhood are around the metro average, with national positioning near the middle of the pack and recent year-over-year declines in both property and violent incident rates. Among 247 Syracuse neighborhoods, this area performs competitively rather than exceptionally, and the downward trend offers a constructive signal for long-term operations without relying on block-level claims.
Nearby corporate offices help sustain a diversified employment base and practical commute patterns for renters, led by WestRock and ADP Syracuse within a manageable drive of the property.
- WestRock — corporate offices (4.5 miles)
- ADP Syracuse — corporate offices (6.6 miles)
The investment case centers on neighborhood-level occupancy strength, steady demand, and a renter base supported by middle-income households. Built in 1996, the asset is newer than much of the surrounding stock, positioning it competitively versus older properties while leaving room for targeted modernization to enhance pricing power. According to CRE market data from WDSuite, the neighborhood ranks among the metro’s top performers with national-percentile advantages in occupancy and NOI per unit at the area level, suggesting durable income characteristics.
Forward-looking indicators within a 3-mile radius show growth in households alongside smaller household sizes, which typically expands the tenant base and supports retention. Investors should balance these positives against a lower renter-occupied share in the neighborhood and lighter grocery/childcare density, which underscores the importance of property-level amenities and effective management.
- Strong neighborhood occupancy and competitive metro ranking support cash flow stability
- 1996 vintage offers relative competitive edge versus older stock with value-add modernization potential
- Household growth and smaller household sizes within 3 miles suggest a gradually expanding tenant base
- Balanced suburban amenities and school ratings aid retention; management can offset thinner grocery/childcare access
- Risks: modest renter concentration and homeownership accessibility may temper rent growth; focus on operations and positioning