| 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 | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
510 Warren St Fayetteville NY Multifamily Investment
Neighborhood occupancy trends sit in the mid-90s and have improved over the past five years, supporting stable cash flow potential according to WDSuite’s CRE market data. Strong schools and higher household incomes in the area reinforce renter demand depth for a 78-unit asset.
Fayetteville sits within the Syracuse, NY metro and posts an A+ neighborhood rating, ranking 8 out of 247 metro neighborhoods — competitive among Syracuse neighborhoods. Demographic fundamentals are strong (top quartile nationally), with higher educational attainment and income levels supporting a deeper renter pool. For investors conducting multifamily property research, these metrics point to durable leasing and renewal prospects relative to the broader region.
The neighborhood’s schools average roughly 4.3 out of 5 and rank 5th among 247 metro neighborhoods, placing school quality in the top decile nationally — a driver of family-oriented rental demand and lease retention. Neighborhood occupancy is above the national median and has trended upward in recent years, a positive indicator for stabilized performance versus many U.S. submarkets.
Local amenity access is mixed. Parks and childcare density rank in the top quintile metro-wide and are above national norms, while cafes and grocery options are limited within immediate neighborhood boundaries, suggesting residents rely on nearby corridors for daily needs. This pattern typically concentrates demand in well-located assets that provide on-site conveniences or walkable access to services.
Vintage considerations matter: built in 1973, the property is newer than the neighborhood’s average housing vintage (1940s era). That relative youth can be competitively positioned against older stock, though systems may still benefit from targeted modernization to capture rents and reduce future capital expenditures. The neighborhood’s renter-occupied share is around the lower third metro-wide, indicating a more owner-occupied context; for investors, that suggests a stable but thinner renter base where well-managed communities can sustain occupancy through quality, convenience, and pricing discipline.
Demographic statistics within a 3-mile radius show recent population and household growth, with forecasts pointing to further increases in households alongside smaller average household sizes. For multifamily, this implies a larger tenant base and ongoing demand for rental units, supporting occupancy stability even as household composition shifts.
Home values are moderate for the region, and rent-to-income levels sit near the national middle. In practice, this supports balanced pricing power while maintaining lease retention; however, a relatively accessible ownership market may introduce competition at certain rent tiers, reinforcing the need for product differentiation and amenity-driven value.
Neighborhood safety indicators are near the national middle overall, with violent offense rates slightly better than the national median and property offenses trending lower year over year. Within the Syracuse metro, the neighborhood sits around the midpoint of peers (rank 104 among 247 metro neighborhoods), indicating broadly comparable conditions to the region.
Recent trend data shows estimated declines in both violent and property offenses over the last year, which is a constructive signal for renter sentiment and retention. Investors should continue to monitor metro-wide patterns and local enforcement initiatives, acknowledging that safety can vary block to block and over time.
Corporate offices across packaging, payroll/HR, and telecommunications provide a diversified employment base within commutable distance, supporting workforce housing demand and lease stability for well-located assets.
- WestRock — packaging (10.3 miles)
- ADP Syracuse — payroll & HR services (10.6 miles)
- Frontier Communications — telecommunications (35.2 miles)
This 78-unit asset at 510 Warren St benefits from top-tier neighborhood positioning within the Syracuse metro, where schools rank in the top decile nationally and neighborhood occupancy trends remain above the national median. According to CRE market data from WDSuite, occupancy has improved in recent years, aligning with a growing 3-mile renter base supported by higher household incomes — a combination that typically underpins leasing durability and renewal capture.
Constructed in 1973, the property is newer than much of the area’s housing stock, which can be a competitive advantage versus older inventory. Targeted modernization and common-area updates may unlock additional value while sustaining operating efficiency. Balanced ownership costs indicate some competition from for-sale housing, so differentiation through amenities, management, and unit finishes will be important to maintain pricing power and retention.
- Strong neighborhood fundamentals: top-tier schools, above-median occupancy, and rising incomes support stable demand
- 1973 vintage offers a competitive edge versus older stock with targeted value-add potential
- 3-mile growth in population and households expands the tenant base and supports lease-up and renewals
- Employment access to regional corporate offices supports workforce housing demand and retention
- Risks: more owner-occupied context and limited immediate retail options require differentiation and disciplined rent setting