| 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 Investment
Suburban Syracuse location with steady neighborhood occupancy and strong household incomes supports renter demand, according to WDSuite’s CRE market data. The asset’s 2003 vintage positions it competitively against older local stock while allowing for targeted modernization to drive retention.
Fayetteville’s suburban setting offers daily conveniences and well-rated schools, contributing to an A+ neighborhood rating and a top-10 position among 247 Syracuse neighborhoods. School quality sits in the 93rd percentile nationally, which can aid family retention and support longer tenancy.
Within a 3-mile radius, population and households have grown in recent years, with projections calling for additional population growth and a notable increase in households by 2028. A smaller average household size is also expected, which typically broadens the renter pool and supports occupancy stability for multifamily assets.
The renter-occupied share in the neighborhood is 27.8%, indicating a moderate tenant base within an ownership-leaning area. For investors, this mix suggests stable demand for quality rentals, particularly when paired with household incomes that rank well in the metro and support mid-market rents.
Neighborhood rents track the middle of the market and a rent-to-income ratio near 0.14 points to manageable affordability pressure, supporting lease retention. Parks and childcare access rank competitively in the metro, while cafes and grocery options are thinner locally—factors that favor car-based living typical of Suburban Syracuse.
The average construction year across nearby properties skews older (mid-20th century). Against that backdrop, a 2003-vintage community offers relative competitiveness versus aging stock; investors should still plan for ongoing systems updates or common-area refreshes to maintain positioning.
Safety indicators for the neighborhood track around the Syracuse metro average, with national positioning near the midpoint. According to WDSuite, both property and violent offenses have declined year over year, an encouraging directional trend for resident retention and leasing stability.
In metro context, the area performs competitively among 247 Syracuse neighborhoods, and recent declines in reported offenses support a cautious but constructive outlook. Investors should still evaluate block-level patterns and property-specific security measures as part of due diligence.
Regional employment is diversified across packaging, payroll/HR services, and telecommunications, providing a broad white-collar tenant base and commute convenience for residents.
- WestRock — packaging and paper (9.4 miles)
- ADP Syracuse — payroll and HR services (9.8 miles)
- Frontier Communications — telecommunications (35.9 miles)
This 117-unit, 2003-vintage community benefits from a suburban location where neighborhood occupancy is solid and household incomes are strong relative to the metro. The asset competes favorably against an older local stock profile while leaving room for targeted value-add through interior upgrades and common-area modernization. Home values and mid-market rents suggest balanced affordability, supporting retention without relying on outsized rent growth.
Demographic signals within a 3-mile radius indicate population growth to date and further expansion in households by 2028, implying a larger tenant base and continued demand for quality rentals. According to commercial real estate analysis from WDSuite, neighborhood NOI per unit ranks among the strongest nationally, and rent-to-income levels near 0.14 support stable leasing dynamics. Key risks include an ownership-leaning submarket and car-oriented amenity patterns, which place a premium on onsite features and property management.
- 2003 vintage outperforms older neighborhood stock; scope for targeted upgrades to drive value
- Solid neighborhood occupancy and income strength support leasing stability
- 3-mile radius shows population growth and projected household expansion, enlarging the renter base
- Neighborhood NOI per unit ranks among top performers nationally, per WDSuite
- Risk: ownership-leaning area and car-oriented amenities may temper deep-renter demand; execution relies on asset quality and management