| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 38th | Good |
| Demographics | 48th | Fair |
| Amenities | 28th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 107 Trolley Barn Ln, Syracuse, NY, 13212, US |
| Region / Metro | Syracuse |
| Year of Construction | 2001 |
| Units | 44 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
107 Trolley Barn Ln, Syracuse multifamily opportunity
Neighborhood occupancy trends are steady and above national norms, supporting income stability for a 44-unit asset, according to WDSuite’s CRE market data.
Located in an inner-suburb pocket of Syracuse, the neighborhood posts a B rating and sits in the upper half of local peers (rank 108 of 247 metro neighborhoods). Occupancy in the surrounding neighborhood is strong and top quartile nationally, which typically supports leasing durability and limits downtime between turns.
Amenities are mixed: restaurants score competitively (top quartile nationally), and park access ranks even stronger (top quartile nationally). However, cafe, grocery, and pharmacy density are thin relative to both metro and national averages, which can modestly reduce walkable convenience but is typical of many inner-suburban submarkets where residents rely on short-drive retail.
Tenure patterns indicate a moderate renter concentration. Within the immediate neighborhood, roughly one-third of housing units are renter-occupied, suggesting a stable but relatively targeted tenant base for multifamily. For broader context, demographic statistics aggregated within a 3-mile radius show households increasing despite a modest population dip, pointing to smaller household sizes and a gradually expanding renter pool that can help sustain occupancy.
Relative value dynamics are favorable for retention: neighborhood rent-to-income levels track in a high national percentile (indicating lower rent burden), which supports renewal capture, while home values sit below national medians. In practice, a high-cost ownership market is not the story here; instead, more accessible ownership can create some competition for renters, making property-level differentiation and management execution important for pricing power.
Safety metrics are broadly around metro norms. The neighborhood’s overall crime standing is mid-pack locally (rank 97 of 247 metro neighborhoods) and near the national middle. Violent-offense indicators sit close to the nationwide median, while property-offense rates are comparatively weaker but have improved meaningfully over the past year, placing that improvement in an above-average national percentile. For investors, the trend suggests incremental stability, though underwriting should still account for property-level security and lighting upgrades common to inner-suburban assets.
Nearby employers provide a diversified white-collar and industrial base that supports commuter demand and lease retention, notably payroll services and packaging operations within a short drive.
- ADP Syracuse — payroll & HR services (3.9 miles)
- WestRock — packaging & paper products (6.5 miles)
Built in 2001, the property offers a newer vintage relative to the area’s older housing stock, providing competitive positioning versus pre-1980 assets while leaving room for targeted modernization to enhance rents and retention. Neighborhood occupancy is robust and top quartile nationally, and rent-to-income levels indicate low renter affordability pressure—favorable for renewal rates and manageable concessions, based on CRE market data from WDSuite.
At the same time, the renter-occupied share is moderate and local retail services are thinner in certain categories, so performance should rely on solid management, amenity programming, and value-forward interiors rather than walkable convenience. Demographic statistics within a 3-mile radius point to rising households and higher incomes despite flat-to-soft population trends, which supports a stable tenant base and ongoing demand for well-run multifamily.
- Newer 2001 vintage offers competitive positioning with selective value-add potential
- Strong neighborhood occupancy supports leasing stability and limited downtime
- Low rent-to-income levels favor renewals and disciplined rent management
- Household growth and rising incomes within 3 miles underpin the renter pool
- Risks: moderate renter concentration and thinner nearby retail require strong execution