| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 55th | Best |
| Demographics | 83rd | Best |
| Amenities | 47th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 7220 E Genesee St, Fayetteville, NY, 13066, US |
| Region / Metro | Fayetteville |
| Year of Construction | 2003 |
| Units | 117 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
7220 E Genesee St Fayetteville Multifamily Opportunity
Neighborhood occupancy trends sit above national averages and local NOI per unit ranks among Syracuse a0leaders, according to WDSuite a0 27s CRE market data. A 2003 vintage positions this 117 a0unit asset competitively against older area stock while still warranting routine modernization planning.
Situated in suburban Fayetteville within the Syracuse metro, the property benefits from a neighborhood rated A+ and ranked 8 out of 247 metro neighborhoods a0 2D competitive among Syracuse a0neighborhoods by WDSuite a0data. Neighborhood occupancy trends are above the national median and mid a0pack within the metro, supporting demand stability for professionally managed units.
Schools are a notable strength: the average rating is in the top decile nationally and ranks near the top of 247 metro neighborhoods, an attribute that can bolster family renter retention. Parks and childcare access also test well (both above metro medians), while restaurant and cafe density is thinner, indicating a more suburban, car a0oriented amenity pattern.
Relative value and incomes favor leasing fundamentals. The neighborhood a0level rent a0to a0income ratio trends below national norms, indicating manageable rent burdens that can aid lease renewal and pricing power. Median home values and value a0to a0income levels reflect a more attainable ownership market than many coastal metros, which can introduce some competition for renters; however, this is offset by consistent occupancy and above a0average neighborhood operating performance.
Three a0mile demographics point to a supportive demand base (data aggregated within a 3 a0mile radius). Population and household counts have grown over the past five years with further household increases projected, expanding the local tenant base. Renter a0occupied housing comprises roughly one a0fifth of units within this 3 a0mile area, and household incomes are high by regional standards, which together suggest a stable but discerning renter pool for quality assets.
Stock vintage in the immediate neighborhood skews older on average, while this asset a0 282003 29 benefits from a newer a0than a0average profile versus local competition. That positioning can reduce near a0term obsolescence risk and support occupancy, while still leaving room for targeted upgrades to common areas and in a0unit finishes to maintain competitiveness over time.
Safety indicators are around the national middle overall, with the neighborhood ranking in the mid a0range among the Syracuse metro a0 28247 neighborhoods total 29. Recent trends point positive: both property and violent offense rates have moved lower year a0over a0year, indicating improving conditions relative to prior periods. As always, investors should underwrite to submarket a0level trends rather than block a0level assumptions and confirm patterns with current police and insurance data.
Nearby corporate offices provide a diversified white a0collar employment base that supports renter demand and commute convenience, including WestRock (packaging), ADP Syracuse (payroll/HR), and Frontier Communications (telecom).
- WestRock 2D packaging (9.4 miles)
- ADP Syracuse 2D payroll & HR services (9.8 miles)
- Frontier Communications 2D telecommunications (35.9 miles)
This 117 a0unit, 2003 a0vintage property competes favorably against an older surrounding stock, supporting leasing and reducing immediate functional obsolescence risk. Neighborhood performance is strong: occupancy trends run above national averages and NOI per unit is among the Syracuse metro a0leaders, according to CRE market data from WDSuite, indicating resilient operations at the neighborhood level. Within a 3 a0mile radius, population and household growth, coupled with high household incomes, expand a quality renter base that can support steady absorption.
Investor considerations include a renter share that is lower than urban cores and a suburban amenity mix with fewer walkable retail options; underwriting should focus on retention via quality management, targeted unit upgrades, and competitive positioning on finishes and amenities. Rent a0to a0income metrics trend favorable, implying manageable affordability pressure and potential for disciplined revenue growth without overextending tenants.
- Newer a0than a0local a0average 2003 a0vintage supports competitive positioning versus older stock.
- Neighborhood occupancy above national norms and strong metro a0rankings in NOI per unit signal operating resilience.
- 3 a0mile population and household growth with high incomes broadens a stable, discerning renter base.
- Suburban amenity pattern and lower renter concentration may temper depth of demand 2D prioritize retention and targeted upgrades.