| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 55th | Best |
| Demographics | 83rd | Best |
| Amenities | 47th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 510 Warren St, Fayetteville, NY, 13066, US |
| Region / Metro | Fayetteville |
| Year of Construction | 1973 |
| Units | 78 |
| Transaction Date | 2002-08-21 |
| Transaction Price | $270,000 |
| Buyer | FAYETTEVILLE PINES LLC |
| Seller | FAYETTEVILLE PINES TOWNHO |
510 Warren St, Fayetteville NY Multifamily Opportunity
Stable renter demand in a high-income suburban pocket of the Syracuse metro supports occupancy and rent durability, according to WDSuite’s CRE market data. Neighborhood fundamentals point to steady leasing with room for operational upside.
Fayetteville’s A+ neighborhood rating and a rank of 8 among 247 Syracuse metro neighborhoods places this area among the metro’s top performers, signaling strong livability and demand drivers for multifamily investors. The neighborhood’s occupancy sits above the metro median and trends above average nationally, suggesting resilient leasing conditions rather than rapid churn.
Local dynamics lean suburban: parks and childcare access rank competitively within the metro (both in the top 10%–15% locally), while cafes and grocery density are limited, pointing to a quieter, car-oriented setting. Schools are a standout, with average ratings in the top echelon of the metro and top quartile nationally—often supportive of retention for family renters and professionals seeking stability.
Tenure patterns indicate a predominantly owner-occupied housing base, with renter-occupied units representing roughly one-quarter of stock in the neighborhood. For investors, this implies a defined but not oversupplied renter pool, often supporting steady absorption for well-positioned communities. Home values sit near national midpoints, while rent-to-income remains manageable—factors that help sustain rental demand without excessive affordability pressure.
Within a 3-mile radius, demographics show population growth over the past five years alongside rising household counts and incomes, with forecasts calling for further household increases and smaller average household sizes by 2028. For multifamily owners, a growing and increasingly affluent tenant base—combined with strong schools—can support occupancy stability, pricing power on renewals, and durable long-term demand.
Safety indicators are mixed and should be evaluated in context. Compared with the 247 neighborhoods in the Syracuse metro, overall crime ranks near the metro middle, while national comparisons place violent incidents around the national midpoint and property offenses somewhat higher than national norms. Year over year, both violent and property offense rates have improved, indicating a constructive trend that investors can monitor as part of ongoing asset management and tenant retention strategies.
The employment base draws from Syracuse-area corporate offices, supporting commuter convenience and a steady renter pipeline from professional services and operations roles. Key nearby employers include WestRock, ADP Syracuse, and Frontier Communications.
- WestRock — packaging & paper products (10.3 miles)
- ADP Syracuse — payroll & HR services (10.6 miles)
- Frontier Communications — telecommunications (35.1 miles)
510 Warren St benefits from top-tier neighborhood positioning within the Syracuse metro, strong school quality, and above-median occupancy at the neighborhood level—factors that typically underpin leasing stability and renewal capture. The 1973 vintage is newer than much of the area’s housing stock, offering relative competitiveness versus older product while still allowing for targeted value-add through interior updates and system upgrades as needed. Based on CRE market data from WDSuite, household growth within a 3-mile radius and rising incomes support a deeper tenant base over the next several years.
The area’s predominantly owner-occupied profile and limited walkable retail suggest a suburban, car-oriented renter audience, but sustained income growth and strong schools help reinforce demand for well-managed communities. Investors should account for localized property-crime pressure in underwriting and resident experience planning, while focusing on operational execution to capture durable NOI.
- Top-quartile neighborhood performance in the Syracuse metro supports demand durability
- Above-median neighborhood occupancy and strong schools aid retention and renewal pricing
- 1973 vintage offers value-add potential versus older local stock
- 3-mile radius shows household and income growth, expanding the renter pool
- Risks: suburban amenity dispersion and elevated property-crime metrics require proactive management