| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 44th | Best |
| Demographics | 49th | Fair |
| Amenities | 56th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 108 Singleton Ave, Syracuse, NY, 13212, US |
| Region / Metro | Syracuse |
| Year of Construction | 2010 |
| Units | 60 |
| Transaction Date | 2010-04-13 |
| Transaction Price | $71,000 |
| Buyer | PLANK ROAD SENIORS LP |
| Seller | VILLAGE OF NORTH SYRACUSE |
108 Singleton Ave, Syracuse Multifamily Opportunity
Neighborhood occupancy is strong relative to national norms, supporting income stability for well-managed assets, according to CRE market data from WDSuite. A 2010 vintage positions this property competitively versus older local stock.
Rated A and ranked 32 out of 247 within the Syracuse metro, the neighborhood is top quartile among metro peers, signaling durable fundamentals for multifamily. Occupancy trends are competitive among Syracuse neighborhoods (rank 51 of 247) and sit in the top quartile nationally by percentile, which supports leasing stability for quality assets.
Everyday convenience is a clear strength: grocery options are dense for the area (rank 14 of 247; high national percentile), and cafes and childcare access also score well versus metro and national benchmarks. Park and pharmacy counts are low in the immediate area, so investors should underwrite lifestyle and service access primarily to retail corridors rather than green space or on-foot pharmacy proximity.
The building’s 2010 construction is newer than the neighborhood’s older average stock (1952), which can enhance competitive positioning on finishes, systems, and operations. Investors should still plan for mid-life capital items over the hold, but the vintage generally reduces near-term renovation intensity compared with pre-1980 assets.
Renter concentration at the neighborhood level is about one-third of housing units being renter-occupied, indicating a defined but not dominant tenant base. Within a 3-mile radius, demographics show a slight population dip alongside growth in total households and smaller average household size; this combination typically supports steady multifamily demand by expanding the pool of potential renters even as population edges down.
Home values in this inner suburb are lower than many coastal markets, and rent-to-income levels indicate manageable affordability pressure. For investors, that suggests balanced pricing power with some competition from ownership; lease retention may hinge on convenience, finishes, and professional management rather than pure price.
Safety indicators are mixed and roughly mid-pack locally: the neighborhood s crime rank sits near the middle at 127 out of 247 Syracuse neighborhoods. Nationally, the area tracks below average on safety percentiles, yet recent data show property offenses declining year over year, which is a constructive trend for long-term operations.
Investors should focus on property-level security, lighting, and maintenance standards to reinforce resident confidence and support retention, while monitoring neighborhood trends over time rather than block-by-block interpretations.
Nearby employers provide a stable white-collar employment base that can support renter demand and commute convenience, including ADP and WestRock.
- ADP Syracuse payroll & HR services (3.8 miles)
- WestRock packaging & paper products (6.4 miles)
108 Singleton Ave combines a newer 2010 build with an A-rated, inner-suburban location that ranks in the top tier among Syracuse neighborhoods. Occupancy performance is competitive locally and in the top quartile nationally by percentile, supporting income durability for well-operated assets. Within a 3-mile radius, households are increasing even as population edges down, indicating smaller household sizes and a broader renter pool over time.
Home values remain accessible relative to incomes in this submarket, which can create some ownership competition; however, balanced rent-to-income levels and strong daily amenities help sustain multifamily demand. According to CRE market data from WDSuite, neighborhood convenience (grocers, cafes, childcare) compares favorably to metro and national baselines, while safety trends are improving on property incidents—factors that can support retention with attentive management and targeted capex.
- 2010 vintage offers competitive positioning versus older local stock with manageable mid-life capital planning.
- Occupancy is competitive among 247 Syracuse neighborhoods and top quartile nationally by percentile, supporting income stability.
- 3-mile data show rising household counts and smaller household size, expanding the renter pool over time.
- Risks: mid-pack safety locally and accessible homeownership options require strong management, amenities, and pricing discipline.