| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 55th | Best |
| Demographics | 83rd | Best |
| Amenities | 47th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 299 Highbridge St, Fayetteville, NY, 13066, US |
| Region / Metro | Fayetteville |
| Year of Construction | 1980 |
| Units | 25 |
| Transaction Date | 2003-03-31 |
| Transaction Price | $969,000 |
| Buyer | JONES & MACEWEN GROUP LLC |
| Seller | TAYLOR 2001 FAMILY TRUST |
299 Highbridge St Fayetteville Multifamily — 1980 Vintage, 25 Units
Neighborhood occupancy is above the metro median, supporting steadier collections and tenant retention for multifamily investors, according to WDSuite’s CRE market data.
Fayetteville sits within the Syracuse, NY metro and this suburban neighborhood scores an A+ overall (ranked 8 of 247 metro neighborhoods), signaling durable fundamentals for multifamily. Neighborhood occupancy is above the metro median, and renter-occupied units account for roughly a quarter of housing stock, indicating a defined but not saturated renter base that can support leasing stability without excessive turnover pressure.
Quality-of-life indicators are favorable for long-term demand. Average school ratings are among the top quartile nationally (ranked 5 of 247 in the metro; 93rd percentile nationwide), a draw for households that value education. Park access also stands out (17 of 247; 84th percentile nationally), while childcare density ranks competitively in the metro (21 of 247; 81st percentile), factors that can underpin family-oriented renter demand.
Income and housing context point to solid purchasing power with some affordability headroom for rents. Median household income in the neighborhood sits well above many U.S. areas (70th percentile nationally), and the rent-to-income ratio trends in a healthier range (60th percentile nationally). Elevated home values for the region, alongside a value-to-income ratio consistent with ownership being attainable for some households, suggest rent growth strategies should balance pricing power with retention to limit move-outs to ownership.
Demographics aggregated within a 3-mile radius show population growth in recent years with additional increases in households projected through 2028, implying a gradually expanding tenant base. Given the property’s 1980 construction year relative to an older neighborhood average (1947), investors may find the asset comparatively competitive versus older stock, while still planning for system modernization and selective renovations to drive rentability and reduce near- to medium-term capital risk.
Safety trends are mixed but improving in key categories. Overall crime performance sits around the metro middle (crime rank 104 of 247), roughly in line with national norms (near the 50th percentile). Within that, property-related offenses track weaker than national peers (lower national percentile), but year-over-year estimates indicate notable declines, which supports a constructive near-term trend.
Violent offense metrics benchmark near the national midpoint (52nd percentile), and recent estimated decreases add further evidence of gradual stabilization. For investors, the directional improvement helps leasing narratives, but underwriting should still reflect block-by-block variability and consider standard security, lighting, and access-control measures appropriate for suburban Syracuse assets.
Nearby corporate offices provide commute convenience for renters and help support weekday demand, with a concentration of roles in business services and regional operations reflected in the following employers.
- WestRock — corporate offices (10.0 miles)
- ADP Syracuse — corporate offices (10.4 miles)
- Frontier Communications — corporate offices (35.4 miles)
This 25-unit, 1980-vintage asset benefits from a suburban neighborhood that ranks among the Syracuse metro’s leaders, with occupancy above the metro median and strong amenity drivers such as highly rated schools and park access. According to CRE market data from WDSuite, neighborhood income levels and rent-to-income positioning support measured rent growth strategies while maintaining resident retention. The vintage is newer than the local housing average, offering relative competitiveness versus older stock, while targeted system upgrades and cosmetic renovations can enhance leasing velocity.
Demographics within a 3-mile radius indicate recent population growth and a projected increase in households through 2028, suggesting a gradually expanding renter pool. The area’s owner-leaning tenure mix points to a defined, quality renter segment rather than a high-churn market, implying steadier occupancy with disciplined pricing and asset management.
- Above-metro-median neighborhood occupancy supports cash flow resilience
- Strong schools and park access bolster long-term family-oriented renter demand
- 1980 vintage offers value-add potential via system modernization and finishes
- Income depth and balanced rent-to-income profile support disciplined pricing power
- Risk: smaller renter pool in an owner-leaning area requires careful retention strategy and attention to property-crime trends