| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 38th | Good |
| Demographics | 55th | Good |
| Amenities | 12th | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 244 Moore Ave, Syracuse, NY, 13210, US |
| Region / Metro | Syracuse |
| Year of Construction | 1985 |
| Units | 56 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
244 Moore Ave Syracuse Multifamily Investment Opportunity
High renter concentration in the surrounding neighborhood supports a deep tenant base and steady leasing, according to WDSuite’s CRE market data. Occupancy has trended upward locally, suggesting resilient demand even as amenities are limited.
The property sits in an Inner Suburb of Syracuse where neighborhood fundamentals point to durable multifamily demand. The area’s renter-occupied share is high for the metro (renter concentration), which deepens the tenant pool and can support lease-up and retention. Neighborhood occupancy is below the metro median but has improved over the past five years, indicating a firmer baseline for stabilization as operations are optimized.
Livability is mixed. Grocery access is competitive among Syracuse neighborhoods (ranked 50th of 247), while cafes, restaurants, parks, pharmacies, and childcare are sparse at the neighborhood level. For investors, this typically favors workforce housing positioning and value-driven marketing rather than amenity-led premiums. Average school ratings are competitive locally (ranked 20th of 247; above the national median), which can aid retention for households prioritizing school access.
Vintage positioning is a relative strength. With a 1985 construction year, the asset is newer than the neighborhood’s older housing stock (average vintage 1959). This can enhance competitiveness versus nearby properties, while still leaving room for targeted modernization and systems upgrades to drive rent premiums and operating efficiency.
Within a 3-mile radius, demographics indicate a stable to expanding renter base: recent population was roughly flat while household counts increased, and forecasts point to additional population growth with smaller average household sizes. This pattern typically expands the renter pool and supports occupancy stability. Median home values nearby are comparatively low for the region, which can increase competition from ownership; however, the neighborhood’s high renter concentration suggests sustained reliance on rental housing. Rent-to-income levels indicate some affordability pressure, underscoring the importance of disciplined lease management and renewals.
Safety indicators are mixed but trending better. The neighborhood ranks 72nd out of 247 Syracuse neighborhoods, making it competitive among Syracuse neighborhoods on recent composite crime measures. Nationally, overall crime sits around the middle of the pack, while reported violent and property offenses have moved lower year over year, indicating improving conditions relative to recent periods.
Investors should underwrite with standard operational precautions and security best practices, while recognizing that the directional trend has been favorable. As always, crime can vary by block; use on-the-ground diligence to align capital plans and resident experience with subarea dynamics.
Nearby employment is anchored by packaging, payroll services, and telecommunications offices that expand the commuter base and support renter demand through proximity-based convenience: WestRock, ADP Syracuse, and Frontier Communications.
- WestRock — packaging & paper products (4.4 miles)
- ADP Syracuse — payroll & HR services (6.2 miles)
- Frontier Communications — telecommunications (40.2 miles)
This mid-sized 56-unit asset offers exposure to a renter-heavy Syracuse neighborhood with improving occupancy, a workforce housing profile, and proximity to key employment nodes. The 1985 vintage is newer than much of the surrounding stock, providing relative competitiveness and a platform for targeted renovations that can balance rent positioning with retention.
According to CRE market data from WDSuite, neighborhood occupancy has firmed over the last five years, while a high renter-occupied share signals depth in the tenant base. Within a 3-mile radius, forecasts show population growth and a rising household count alongside smaller household sizes—conditions that typically expand the renter pool and support leasing stability. Underwriting should account for limited neighborhood amenities and pockets of affordability pressure, favoring pragmatic value-add strategies and attentive lease management.
- Renter-heavy neighborhood supports demand depth and lease-up stability.
- 1985 vintage offers competitive positioning versus older local stock with room for modernization.
- Household growth and smaller household sizes within 3 miles expand the renter pool.
- Proximity to regional employers underpins steady commuter demand.
- Risks: limited neighborhood amenities, below-median occupancy, and affordability pressure require disciplined operations.