| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 37th | Good |
| Demographics | 58th | Good |
| Amenities | 32nd | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 530 N Central Ave, Minoa, NY, 13116, US |
| Region / Metro | Minoa |
| Year of Construction | 2005 |
| Units | 32 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
530 N Central Ave, Minoa NY Multifamily Investment Opportunity
Neighborhood occupancy trends are strong and stable, supporting durable cash flow expectations for a 32-unit asset, according to WDSuite’s CRE market data. Renter demand is bolstered by low rent-to-income pressures in the area while ownership remains comparatively accessible.
Located in suburban Minoa within the Syracuse metro, the neighborhood carries a B+ rating and shows steady renter demand. Neighborhood occupancy is competitive among Syracuse neighborhoods (ranked 49th of 247), a backdrop that supports leasing stability and lower downtime between turns relative to weaker submarkets.
The 2005 construction is newer than the neighborhood average vintage, positioning the property competitively versus older local stock. Investors should still plan for mid-2000s systems updates or selective common-area refresh to sustain positioning against newer deliveries and well-renovated comparables.
Local amenity density is modest by national standards, though within the metro the area is competitive (amenity rank 72 of 247). On the essentials, childcare and pharmacy access rank favorably within Syracuse (both in the top fifth of neighborhoods by rank), while limited immediate grocery and café density suggests residents rely on nearby corridors for daily needs. This pattern is typical for suburban locations and can support quiet residential appeal.
Tenure patterns indicate a modest renter-occupied share in the neighborhood, which points to a thinner but steady tenant pool and potential for longer stays once residents are in place. Demographic statistics aggregated within a 3-mile radius show recent population and household growth, with projections indicating further increases by 2028—signals that can expand the renter base and support occupancy. Median household incomes in the area sit well above many U.S. neighborhoods, and a low rent-to-income profile supports retention and disciplined rent management rather than outsized concessions.
Home values in this part of Onondaga County are relatively accessible compared with higher-cost metros. That dynamic can create some competition with ownership, but it also supports lease retention for residents prioritizing flexibility, and it requires owners to compete on convenience, finishes, and management quality rather than price alone.
Safety indicators are mixed but improving. Nationally, the neighborhood sits above average for safety (around the 60th percentile versus neighborhoods nationwide), while within the Syracuse metro it ranks 60th of 247—indicating some areas of the metro are comparatively safer. For investors, this places the submarket in a generally stable tier nationally with room for continued improvement locally.
Recent trends are constructive: both violent and property offense estimates declined year over year, with reductions that rank favorably among metro peers. While investors should underwrite standard preventative measures and ongoing monitoring, the directional trend supports resident retention and lower operating friction relative to areas where incident rates are rising.
The employment base within a short drive features corporate offices across payroll services, paper and packaging, and telecommunications—providing commute-friendly options that can support workforce renter demand and retention.
- ADP Syracuse — payroll services (9.1 miles)
- WestRock — paper & packaging (9.7 miles)
- Frontier Communications — telecommunications (37.7 miles)
This 32-unit, 2005-vintage asset benefits from a neighborhood with competitive occupancy within the Syracuse metro and a renter base supported by low rent-to-income pressures. Based on CRE market data from WDSuite, the area’s steady demand profile and improving safety trends support consistent leasing, while the property’s newer-than-average vintage presents an edge over older local stock with selective value-add potential through targeted upgrades.
Local amenity density is modest, but essential services and major employment nodes are within practical driving distance—characteristics aligned with suburban renter preferences. Ownership remains relatively accessible in this part of the metro, which can create competition at the margin; operators who emphasize finishes, operations, and service are positioned to maintain pricing discipline and retention.
- Competitive neighborhood occupancy supports leasing stability and lower downtime
- 2005 vintage offers relative competitiveness vs. older stock with targeted upgrade upside
- Low rent-to-income pressures support retention and disciplined rent growth management
- Suburban location with access to key employers supports workforce renter demand
- Risks: modest nearby retail density and accessible ownership options may require stronger finishes and service to compete