| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 55th | Best |
| Demographics | 83rd | Best |
| Amenities | 47th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 200 Spring St, Fayetteville, NY, 13066, US |
| Region / Metro | Fayetteville |
| Year of Construction | 1974 |
| Units | 21 |
| Transaction Date | 1999-12-21 |
| Transaction Price | $300,000 |
| Buyer | SPRING MANOR LLC |
| Seller | C & A REALTY LLC |
200 Spring St Fayetteville 21-Unit Multifamily Opportunity
Stabilized renter demand in an owner-leaning suburb with strong schools and improving household trends, according to WDSuite’s CRE market data. Neighborhood occupancy sits above many U.S. areas, supporting consistent leasing without relying on premium rent growth.
Fayetteville is a suburban neighborhood within the Syracuse, NY metro that ranks 8 out of 247 metro neighborhoods, positioning it near the top of the market for overall livability and investment appeal. Schools rate highly (top tier in the metro and top quartile nationally), which tends to support steady class-B/C renter demand and retention for family-oriented units.
Amenities skew practical rather than trendy: parks and childcare access are strong (both in the top quartile locally), while cafes and grocers are sparse inside the neighborhood boundary. For residents, nearby services and larger retail nodes remain accessible by short drives, which is typical for suburban Syracuse. The area’s median home values are around national averages, indicating a high-cost ownership market locally relative to incomes in the immediate neighborhood, but not extreme by national standards; this supports renter reliance on multifamily housing without creating outsized affordability pressure.
Occupancy in the neighborhood is above the national median and has trended higher over the last five years, per WDSuite. Renter concentration is lower than urban cores (the share of units that are renter-occupied is below half), which often correlates with a dependable but measured leasing cadence rather than rapid turnover. For underwriting, that typically means a stable tenant base and fewer lease-up surprises, with pricing power tied more to renewal management than outsized new-lease premiums.
Within a 3-mile radius, data shows population and household growth alongside a gradual decrease in average household size, expanding the renter pool for smaller and mid-size units. Household incomes are rising in this radius, which can support steady rent collections and reinforce occupancy stability. The property’s 1974 vintage is newer than much of the local housing stock (which skews mid-century), offering relative competitive positioning versus older assets while still warranting ongoing capital planning for aging systems and targeted value-add.
Safety indicators for the neighborhood are broadly around the metro middle, with national comparisons trending near average according to WDSuite. Property-related offenses have declined year over year, and violent-offense measures sit roughly in the national middle as well. For investors, this points to a location that is neither an outlier risk nor a premium safety enclave, but one where consistent operations and tenant screening can sustain performance.
Compared with other Syracuse neighborhoods (247 total), the area sits near the center of the pack on crime ranks, with recent improvement trends providing a constructive directional signal. As always, block-by-block conditions can vary; prudent management practices and standard security measures are appropriate for maintaining leasing stability.
Regional employers within commuting distance help support leasing durability for workforce and office-oriented households, including roles at WestRock, ADP Syracuse, and Frontier Communications.
- WestRock — paper & packaging (10.4 miles)
- ADP Syracuse — payroll & HR services (10.7 miles)
- Frontier Communications — telecommunications (35.2 miles)
200 Spring St offers a 21-unit footprint in a suburban neighborhood that performs competitively within the Syracuse metro. Occupancy is above the national median and trending up, the 3-mile radius shows population and household growth, and high-performing schools underpin retention for family-oriented units. According to CRE market data from WDSuite, the area’s renter concentration is lower than urban cores but sufficient to support consistent leasing, with renewal management and modest rent steps as the primary drivers of income stability.
The 1974 vintage is relatively newer than much of the local housing stock, providing a positioning advantage versus older assets while still offering targeted value-add through system upgrades and interior refreshes. Home values are typical by national standards and ownership costs remain meaningful locally, sustaining reliance on rentals without creating undue affordability pressure, which supports steady collections and occupancy.
- Competitive suburban location near the top of Syracuse neighborhoods, with strong schools supporting retention
- Occupancy above national medians and improving; renewal-driven income profile suited to stable operations
- 1974 vintage newer than much of local stock, enabling selective value-add and system modernization
- 3-mile radius shows population and household growth, expanding the renter pool over time
- Risk: owner-leaning area and limited in-neighborhood amenities may temper premium rent growth; performance depends on operations and retention