| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 56th | Best |
| Demographics | 85th | Best |
| Amenities | 57th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 219 Tecumseh Rd, Syracuse, NY, 13224, US |
| Region / Metro | Syracuse |
| Year of Construction | 2013 |
| Units | 54 |
| Transaction Date | 2012-01-31 |
| Transaction Price | $141,000 |
| Buyer | TECUMSEH ROAD HDFC INC |
| Seller | NIAGARA MOHAWK POWER CORP |
219 Tecumseh Rd, Syracuse NY — 2013 Multifamily with Stable Demand Drivers
Positioned in an A+ rated Syracuse neighborhood where occupancy ranks 1st of 247 neighborhoods, this 2013, 54‑unit asset benefits from durable renter demand and strong household fundamentals, according to WDSuite s CRE market data.
Based on CRE market data from WDSuite, the immediate neighborhood ranks 4th among 247 Syracuse neighborhoods (A+), signaling strong fundamentals relative to the metro. Neighborhood rents are positioned near the top of the metro (3rd of 247) and around the 90th percentile nationally, indicating pricing power when managed carefully. Schools rate near the top locally (5th of 247), which often correlates with resident stability for family-oriented renters.
Livability is supported by everyday amenities: restaurants and pharmacies sit modestly above national medians (both around the upper-50s percentiles), with cafes also competitive (about the 75th percentile). While park access is limited within the neighborhood, connectivity to retail and services should meet most daily needs. The area s median household income ranks 8th of 247 and in the 93rd percentile nationally, reinforcing the spending capacity that can support rent collections and renewal velocity.
Vintage positioning matters: the property s 2013 construction is newer than the neighborhood s average vintage (early 1980s). For investors, that typically implies fewer near-term capital items versus older stock, while still planning for mid-life system updates and selective unit refreshes to maintain competitiveness.
Tenure dynamics differ by geography. Within the neighborhood, renter-occupied share is comparatively low, which can mean more ownership housing nearby; however, demographic statistics aggregated within a 3-mile radius show a larger renter base (over half of housing units renter-occupied) and recent household growth with a sizable 18 34 cohort. Looking ahead to 2028, WDSuite s 3-mile projections indicate population and household growth that should expand the tenant pool, supporting occupancy stability and steady leasing.
Ownership costs in the area track above national norms (home values around the 69th percentile nationally), and rent-to-income sits above the national median, suggesting manageable affordability pressure that can aid lease retention while still requiring disciplined pricing and renewal management.
Safety indicators are mixed and should be evaluated in context. At the metro level, the neighborhood s overall crime rank sits near the middle of 247 Syracuse neighborhoods, aligning roughly with national mid-range conditions. Nationally, violent offense metrics trend slightly better than average and have improved year over year, while property offense measures run less favorable versus national benchmarks. For investors, this points to standard risk management and security best practices rather than extraordinary measures.
Framing comparatively: violent offense levels test above the national median with recent improvement momentum, whereas property crime aligns closer to the lower national percentiles. Monitoring local trends and coordinating with management on lighting, access control, and resident engagement can help sustain leasing performance.
Nearby employment anchors provide a diversified white-collar base that supports renter demand and commute convenience, including packaging, payroll services, and telecommunications offices.
- WestRock — packaging (5.4 miles)
- ADP Syracuse — payroll & HR services (6.6 miles)
- Frontier Communications — telecommunications offices (39.2 miles)
This 2013, 54-unit property sits in one of Syracuse s highest-rated neighborhoods, where occupancy ranks 1st of 247 and local incomes are among the strongest in the metro. Newer construction than surrounding stock positions the asset competitively versus older properties and can reduce near-term capital exposure, while selective interior refreshes should sustain rentability as the tenant base grows. According to CRE market data from WDSuite, neighborhood rents benchmark near the top of the metro and schools rank within the metro s top tier, supportive of renewal stability.
Within a 3-mile radius, population and household counts are projected to increase, broadening the renter pool and supporting long-run occupancy. The immediate neighborhood s lower renter-occupied share suggests tapping a broader demand catchment, while ownership costs above national norms reinforce reliance on quality rental options. Key risks include property-crime benchmarking that trails national comparisons and limited park access; both can be managed through standard security, amenity programming, and active leasing strategy.
- Newer 2013 construction versus local average reduces near-term capex needs while enabling targeted value-add
- A+ neighborhood ranking (4th of 247) with top-of-metro occupancy and strong income profile supports pricing power
- 3-mile projections show population and household growth, expanding the renter pool and supporting leasing stability
- Proximity to diversified employers supports retention among professional renters
- Risk: property-crime metrics trail national benchmarks and park access is limited — plan for security best practices and resident programming