| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 34th | Good |
| Demographics | 51st | Fair |
| Amenities | 27th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 211 Beattie St, Syracuse, NY, 13224, US |
| Region / Metro | Syracuse |
| Year of Construction | 1976 |
| Units | 54 |
| Transaction Date | 2002-01-22 |
| Transaction Price | $840,500 |
| Buyer | BURKE SYRACUSE HLDGS LLC |
| Seller | ARBOR HTS APT LP |
211 Beattie St, Syracuse NY Multifamily Investment
Positioned in an inner-suburban pocket with steady renter demand and strong grocery access, this 54-unit asset offers income durability with room for operational upside, according to WDSuite’s commercial real estate analysis.
The property sits in an Inner Suburb neighborhood of Syracuse rated B, offering day-to-day convenience and access to essentials. Grocery access is a relative strength, ranking near the top nationally, while on-site cafe, park, and pharmacy options are thinner. For investors, this mix suggests dependable daily-needs convenience that supports leasing, even if lifestyle amenities may require short drives.
Neighborhood rents trend below national medians, which can support lease-up and retention strategies. According to CRE market data from WDSuite, neighborhood occupancy is around the metro average, indicating stable but competitive conditions where asset-level management and unit quality can influence performance.
Tenure patterns point to an investable renter base. Within the neighborhood, an estimated 43.6% of housing units are renter-occupied, signaling meaningful depth for multifamily demand. Within a 3-mile radius, renter concentration is even higher, and WDSuite data shows households are projected to expand over the next five years, broadening the tenant pool and supporting occupancy stability.
Ownership costs in the immediate area are relatively accessible by national standards, which can create some competition from entry-level ownership. For multifamily, this typically emphasizes value positioning, renewals, and amenities to sustain pricing power, particularly as household incomes in the 3-mile radius have been rising and are projected to continue improving, enlarging the pool of income-qualified renters.
Safety conditions in the neighborhood track close to the Syracuse metro middle and below national benchmarks, based on WDSuite’s data. Recent trends point to year-over-year reductions in both property and violent incidents locally, which is a constructive sign, but investors should underwrite to conservative assumptions and monitor submarket policing and community initiatives over time.
Nearby employers provide a diversified white-collar and services employment base that supports workforce housing demand and commuting convenience for residents. The following employers represent realistic commute sheds that can aid leasing and retention:
- WestRock — packaging & paper products (5.0 miles)
- ADP Syracuse — payroll & HR services (5.5 miles)
- Frontier Communications — telecommunications (40.1 miles)
Built in 1976, the asset offers a mid-1970s vintage profile with potential for selective renovation and systems upgrades to enhance competitiveness versus older neighborhood stock and to capture value-add upside. According to CRE market data from WDSuite, neighborhood occupancy is steady near metro norms and the surrounding 3-mile area shows household growth and rising incomes, which together support tenant base expansion and leasing stability.
The area’s strong grocery access bolsters day-to-day livability, while rents below national medians can aid renewals and pricing strategy. At the same time, relatively accessible ownership costs in the immediate area mean positioning, finish levels, and amenity execution remain important to sustain absorption and rent growth.
- 1976 vintage with targeted value-add and modernization potential
- Stable neighborhood occupancy and growing 3-mile renter pool support leasing
- Strong grocery access enhances livability and retention
- Rents below national medians offer room for pricing strategy and renewals
- Risk: Safety metrics trail national averages and accessible ownership may compete with rentals