| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 29th | Fair |
| Demographics | 45th | Fair |
| Amenities | 18th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 20 N Beaver St, Jordan, NY, 13080, US |
| Region / Metro | Jordan |
| Year of Construction | 2001 |
| Units | 96 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
20 N Beaver St Jordan NY Multifamily Investment
Neighborhood occupancy trends indicate steady renter demand with relatively low rent-to-income pressure, according to WDSuite’s CRE market data. Investors can evaluate durable cash flow potential supported by small-town stability within the Syracuse metro.
Jordan sits within the Syracuse, NY metro and scores C+ overall, ranking 169 out of 247 metro neighborhoods — below the metro median but with select strengths investors can underwrite. Amenity access ranks 116 of 247 (above metro median), though offerings remain modest by national standards (amenities land in lower national percentiles). Average school ratings in the neighborhood trend lower versus U.S. benchmarks, which may shape tenant mix and leasing narratives.
Neighborhood occupancy is 92.3% (above the national midline), which supports underwriting for stable cash flow at the submarket level. Median contract rents benchmark in lower national percentiles, reinforcing a value-oriented positioning that can aid retention and reduce turnover risk. The area’s renter concentration is comparatively low within the neighborhood, so the tenant base is shallower than urban Syracuse submarkets; however, this also limits direct supply pressure from dense rental stock.
Within a 3-mile radius, recent data show modest population growth over the past five years alongside an increase in total households, indicating smaller average household sizes and a gradual shift toward more, smaller households entering the market. Forward-looking projections anticipate fewer residents but more households through 2028, a mix that can expand the effective renter pool and support occupancy stability even as demographics evolve. Elevated ownership accessibility (relative to income levels) suggests potential competition from for-sale options, yet lower rent levels strengthen lease retention and pricing discipline for multifamily operators.
For commercial real estate analysis, the property’s 2001 construction is newer than the neighborhood’s older housing stock (average vintage 1927), offering a competitive edge in unit systems and common areas while still leaving room for programmatic upgrades to enhance NOI. Based on CRE market data from WDSuite, these dynamics position the asset as workforce-oriented with manageable affordability pressure and balanced, small-market demand drivers.
Safety metrics compare favorably within the Syracuse metro: the neighborhood ranks 31 out of 247 for crime, placing it in the top quartile among metro neighborhoods. Nationally, overall crime indicators sit around the mid-to-better range (approximately mid-60s percentile), suggesting comparatively safer conditions than many U.S. neighborhoods.
Trend data are constructive: property offense rates declined sharply year over year, and violent offenses also moved lower. While safety conditions can vary block to block, the combination of above-metro performance and improving trends supports resident retention and leasing stability when framed at the neighborhood level.
Regional employers within commuting distance help anchor workforce housing demand, with paper/packaging and payroll/HR services providing diverse employment nodes that can support tenant retention.
- WestRock — paper & packaging (13.2 miles)
- ADP Syracuse — payroll & HR services (14.2 miles)
This 96-unit asset, built in 2001, is materially newer than the neighborhood’s average vintage, offering competitive positioning versus older local stock and potential for targeted upgrades to drive rent and retention. Neighborhood occupancy sits above the national midline, and rents benchmark on the lower side nationally, which can help sustain lease-up velocity and reduce turnover. According to CRE market data from WDSuite, renter affordability appears manageable (low rent-to-income levels), reinforcing cash flow resilience relative to pricier urban submarkets.
Demographic data aggregated within a 3-mile radius indicate more households even as population is projected to contract, implying smaller household sizes and a broader base of potential renters over time. The area’s ownership-leaning tenure mix may temper the absolute depth of the tenant base, but it also limits direct competition from dense rental clusters; operators can lean on value positioning and renovation strategy to capture demand.
- 2001 vintage versus older neighborhood stock supports competitive positioning with selective value-add upside
- Neighborhood occupancy above national midline and modest rents aid retention and pricing discipline
- 3-mile trends show more households and smaller sizes, expanding the effective renter pool
- Workforce demand supported by commuting access to regional employers
- Risks: rural amenity depth and lower school ratings may narrow target renter segments; plan leasing and upgrades accordingly