| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 41st | Best |
| Demographics | 59th | Good |
| Amenities | 65th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 212 Old Liverpool Rd, Liverpool, NY, 13088, US |
| Region / Metro | Liverpool |
| Year of Construction | 1985 |
| Units | 72 |
| Transaction Date | 2018-02-28 |
| Transaction Price | $5,638,000 |
| Buyer | FLAME Management |
| Seller | Berkley Properties, LLC |
212 Old Liverpool Rd Liverpool NY Multifamily Investment
Neighborhood occupancy remains tight and supports income stability, according to WDSuite s CRE market data, with local fundamentals that favor steady renter demand. The property s suburban positioning in the Syracuse metro provides a balanced demand story without relying on a single catalyst.
The property sits in an A-rated suburban neighborhood that ranks 26th among 247 Syracuse neighborhoods, which is competitive within the metro. Neighborhood occupancy is strong at 98.4% (top quartile nationally), a neighborhood-level metric that points to leasing durability rather than a property-specific guarantee, based on commercial real estate analysis from WDSuite.
Daily needs are well covered: restaurants score well (competitive locally and strong nationally), grocery access is above metro median, and parks count is in the top quartile nationally. Caf e9 and pharmacy density are thinner, which may modestly limit walkable convenience, but the immediate trade area still delivers practical amenities for renters.
Within a 3-mile radius, households have increased over the last five years while average household size edged down, expanding the renter pool through more, smaller households. Looking ahead, population and household counts are projected to grow further by 2028, which should support occupancy stability and absorption for multifamily units.
The share of renter-occupied housing within 3 miles is about 53%, indicating a deep tenant base and sustained demand for apartments. Median contract rents in the area have risen over the past five years and are forecast to continue growing, while a rent-to-income ratio near the neighborhood level suggests manageable affordability pressure that supports retention and lease performance. Local school ratings trend below national averages, which may temper demand from some family renters, but overall suburban access and amenity coverage provide counterweights for broad workforce appeal.
Home values in the neighborhood are lower than national medians, which can make ownership more accessible relative to high-cost markets. For investors, this can mean some competition from entry-level ownership; however, elevated neighborhood occupancy and steady household growth indicate durable renter reliance on multifamily housing.
Safety indicators for the neighborhood are around the national middle, with the area performing near the metro median. In the Syracuse metro context, the neighborhood 9s crime position is mid-pack (ranked 89th out of 247 neighborhoods), and national comparisons place it around average overall.
Recent trend signals are constructive: estimated violent and property offense rates have moved lower year over year, indicating improving conditions relative to recent periods. While safety can vary block to block, the directional declines suggest incremental support for renter confidence and leasing stability over time.
Proximity to nearby employers provides commute-friendly access for renters and helps diversify the demand base. The immediate area includes corporate offices in business services and packaging that draw a steady workforce.
- ADP Syracuse payroll & HR services (1.3 miles)
- WestRock paper & packaging (1.9 miles)
Built in 1985, this 72-unit asset offers a vintage that is newer than much of the surrounding housing stock, providing a competitive edge versus older properties while leaving room for modernization and targeted value-add. Neighborhood occupancy is high and competitive within the Syracuse metro, which supports income durability and smoother leasing management across cycles, according to CRE market data from WDSuite.
Within a 3-mile radius, household counts have grown and are projected to expand further as average household size trends smaller. Combined with a renter-occupied share around 53% and moderate rent-to-income levels, the area presents a sizable tenant base with conditions that support retention. Lower neighborhood home values may introduce some competition from ownership, but they also help maintain balanced rent levels that keep apartments relevant to a broad workforce renter segment.
- 1985 vintage creates value-add and modernization potential versus older local stock
- Strong neighborhood occupancy (top quartile nationally) supports income stability
- 3-mile renter concentration and growing households expand the tenant base
- Moderate rent-to-income dynamics aid retention and leasing performance
- Risk: lower home values can compete with rentals, requiring focused leasing and amenity positioning