| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 44th | Best |
| Demographics | 51st | Fair |
| Amenities | 0th | Poor |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 4615 Southwood Heights Dr, Jamesville, NY, 13078, US |
| Region / Metro | Jamesville |
| Year of Construction | 1997 |
| Units | 56 |
| Transaction Date | 1996-11-15 |
| Transaction Price | $100,800 |
| Buyer | R J BARRETT MNR HOUSING D EVLP |
| Seller | STONEGATE HTS ASSO |
4615 Southwood Heights Dr, Jamesville NY Multifamily
Situated in the Syracuse metro with solid neighborhood occupancy and improving stability this asset offers durable renter demand, according to WDSuite 27s CRE market data. The location skews car-oriented, but favorable rent-to-income conditions support retention and steady leasing.
The property sits in a rural-feeling pocket of the Syracuse, NY metro where daily needs are typically met by short drives rather than a walkable retail core. Local counts for groceries, pharmacies, parks, and cafes are limited, which places greater emphasis on parking access and convenient roadway connectivity for residents.
Neighborhood occupancy trends are a relative strength. Based on CRE market data from WDSuite, the area a0is competitive among Syracuse neighborhoods (ranked against 247 neighborhoods) and sits in the top quartile nationally for occupancy, supporting cash flow consistency through typical cycles. Median rents in the immediate neighborhood track at a middle-market level, and rent-to-income readings indicate manageable affordability pressure, which can aid lease renewal rates.
Within a 3-mile radius, demographics point to a sizable renter base and future demand drivers. Households are projected to increase meaningfully over the next five years alongside a smaller average household size, expanding the renter pool and supporting occupancy stability. The 3-mile area shows a meaningful share of renter-occupied housing units, signaling depth for workforce and conventional multifamily.
Ownership costs in the immediate neighborhood are moderate by national standards, which can create some competition from entry-level ownership options. Even so, the combination of accessible rents, solid occupancy, and car-oriented convenience remains attractive for value-focused renters, reinforcing day-to-day leasing fundamentals.
Safety metrics present a mixed but improving picture. Compared with the Syracuse metro (247 neighborhoods), the neighborhood a0ranks on the higher-crime side locally; however, it compares favorably versus many neighborhoods nationwide, landing above the national median for safety. Recent year-over-year trends show notable declines in both violent and property offense rates, which suggests momentum in the right direction without implying linear improvement.
Nearby employers provide a diversified white-collar employment base that supports renter demand through commute convenience and retention, including packaging, payroll/HR services, and telecommunications offices.
- WestRock packaging & paper (6.3 miles)
- ADP Syracuse payroll & HR services (8.2 miles)
- Frontier Communications telecommunications (38.4 miles)
Built in 1997, the 56-unit asset offers a more contemporary vintage than much of the surrounding housing stock, positioning it competitively versus older properties while leaving room for targeted system upgrades and common-area refreshes to drive value-add returns. According to CRE market data from WDSuite, the neighborhood posts strong occupancy relative to national benchmarks with an upward trend, and rents align with middle-market budgets a0 factors that can support stable collections and renewal capture.
Demand signals in the 3-mile radius are constructive: projections indicate meaningful growth in households alongside smaller average household sizes, which typically expands the renter pool and supports leasing velocity. The submarket a0is car-oriented with limited immediate amenities, and ownership remains relatively accessible in parts of the Syracuse area, so competitive positioning will lean on practical finishes, parking, and professional management rather than a walkable retail narrative.
- 1997 vintage offers competitive positioning with targeted value-add potential
- Solid neighborhood occupancy and middle-market rents support retention
- 3-mile outlook shows household growth and a larger renter pool
- Car-oriented location; success tied to parking, unit readiness, and management execution
- Monitor local crime positioning and ownership competition within the metro