| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 37th | Good |
| Demographics | 17th | Poor |
| Amenities | 47th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 300 Pond St, Syracuse, NY, 13208, US |
| Region / Metro | Syracuse |
| Year of Construction | 1991 |
| Units | 49 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
300 Pond St Syracuse Multifamily Investment Opportunity
Neighborhood occupancy has moved upward in recent years and a meaningful renter base supports lease-up durability, according to WDSuite’s CRE market data. Positioning near daily-needs retail offers convenience that can aid retention in an Urban Core setting.
This Urban Core neighborhood in Syracuse offers daily convenience anchored by strong grocery access and essential services. Grocery options rank competitively among 247 Syracuse neighborhoods and fall in the top quartile nationally, while childcare availability is also top quartile. Restaurants are competitive locally, though cafes, parks, and pharmacies are limited, suggesting amenity depth is weighted toward necessities rather than lifestyle venues.
The neighborhood’s housing stock skews older (average vintage 1913), so a 1991-built asset is materially newer than nearby comparables. For investors, that typically means better competitive positioning versus century‑old inventory and potentially lower near‑term capital needs, while still allowing for thoughtful modernization to enhance rents and retention.
Renter concentration is meaningful: approximately 52.9% of housing units are renter‑occupied at the neighborhood level, indicating depth in the tenant base and support for multifamily demand. Within a 3‑mile radius, demographics point to a stable to expanding renter pool, with modest population growth to date and forecasts for additional household gains over the next five years. These trends can support occupancy stability and leasing velocity.
On costs and incomes, neighborhood home values are relatively low compared with many markets, which can introduce some competition from entry‑level ownership. At the same time, rent levels remain modest locally and the rent‑to‑income profile suggests some affordability pressure, making careful lease management and value‑add execution important for pricing power. Based on commercial real estate analysis from WDSuite, these dynamics place the area above the metro median for daily‑needs access but below national medians on higher‑end amenities and schools.
Safety metrics are mixed when viewed against broader benchmarks. The neighborhood performs below the national median on safety and sits below the metro average among the 247 Syracuse neighborhoods. However, recent year‑over‑year data from WDSuite shows declines in both property and violent offense rates, indicating an improving trend rather than deterioration.
Investors should underwrite with neighborhood‑level context, compare daypart patterns, and consider common‑area security, lighting, and access controls that align with Urban Core operations. Trend improvement is constructive, but prudent management practices remain advisable.
Nearby employers include WestRock, ADP Syracuse, and Frontier Communications—providing a mix of packaging, payroll services, and telecommunications roles that support a broad renter workforce with convenient commutes.
- WestRock — packaging & paper (2.7 miles)
- ADP Syracuse — payroll services (3.3 miles)
- Frontier Communications — telecommunications (42.4 miles)
Built in 1991, this 49‑unit property stands newer than much of the surrounding housing stock, offering a competitive edge versus older assets while leaving room for selective upgrades to capture demand. Neighborhood occupancy has improved and renter‑occupied housing is substantial, supporting a stable tenant base. According to CRE market data from WDSuite, daily‑needs access is strong (notably grocery and childcare), which can aid retention even as higher‑end amenities are thinner.
Within a 3‑mile radius, population has been steady and households are projected to increase, implying a larger renter pool over time. Entry‑level ownership remains relatively accessible locally, which may temper rent growth in some segments, but modest current rents and the area’s workforce orientation can sustain demand with disciplined operations. Safety indicators sit below national medians but have improved year over year, suggesting risk that can be mitigated through management and property‑level controls.
- 1991 vintage is newer than nearby stock, supporting competitive positioning and manageable near‑term capital planning
- Renter‑occupied share and improving neighborhood occupancy support leasing stability
- Strong grocery and childcare access aids day‑to‑day livability and retention
- Risks: below‑median safety and relatively accessible ownership may limit pricing power—requires focused operations and value‑add strategy