| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 31st | Fair |
| Demographics | 13th | Poor |
| Amenities | 43rd | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 4340 S Salina St, Syracuse, NY, 13205, US |
| Region / Metro | Syracuse |
| Year of Construction | 1995 |
| Units | 23 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
4340 S Salina St Syracuse Multifamily Investment
Renter demand is supported by a sizable tenant base within a 3-mile radius and improving neighborhood momentum, according to WDSuite’s CRE market data. Neighborhood occupancy is measured for the area and trails the metro median, so underwriting should emphasize leasing execution and retention.
Located in Syracuse’s inner-suburb fabric, the area offers everyday convenience with grocery options and dining density that is competitive among Syracuse neighborhoods, even if it sits closer to the middle of the pack nationally. Limited park, cafe, and pharmacy counts suggest residents rely on nearby corridors for services, but essentials are present.
The neighborhood’s amenity profile ranks in the top quartile among 247 metro neighborhoods, while national positioning is more mid-range. Restaurants are competitive locally and childcare and grocery access trend above many Syracuse peers, helping support daily-life livability for renters.
Vintage context matters: the property’s 1995 construction is materially newer than the neighborhood’s older housing stock. This can be a leasing advantage versus prewar buildings, while still warranting capital planning for modernization of systems and common areas to maintain competitive positioning.
Within a 3-mile radius, demographics point to a stable and expanding renter pool: modest population growth, rising household counts, and a majority share of renter-occupied units indicate depth of demand for multifamily product. Projections call for further increases in households and smaller average household sizes, which typically support occupancy stability and absorption of well-maintained units.
On affordability, neighborhood-level rents are lower than many national peers, and home values in this part of Syracuse are comparatively accessible. That mix can support leasing velocity but may introduce some competition from ownership alternatives; pricing strategy and unit finish differentiation can help sustain demand without overextending rent-to-income levels.
Safety trends are an important consideration. The neighborhood ranks below the metro median for safety (181 out of 247 metro neighborhoods indicates relatively higher reported crime compared with many Syracuse areas). Nationally, the area sits below the median for safety; however, recent year-over-year declines in both property and violent offense estimates suggest conditions have been improving.
Investors typically account for these dynamics through active property management, lighting and access controls, and resident engagement, which can support retention and day-to-day operations.
Nearby corporate offices anchor local employment and provide a commuter-friendly renter base, including WestRock, ADP Syracuse, and Frontier Communications.
- WestRock — corporate offices (5.1 miles)
- ADP Syracuse — corporate offices (7.2 miles)
- Frontier Communications — corporate offices (39.7 miles)
4340 S Salina St offers a pragmatic value proposition in an inner-suburban Syracuse location. Based on CRE market data from WDSuite, neighborhood occupancy trends are below the metro median, so performance hinges on disciplined leasing and retention. Yet the 3-mile radius shows a large and growing renter base with increasing household counts and a majority of renter-occupied units, supporting depth of demand for well-managed properties.
Built in 1995, the asset is newer than much of the surrounding housing stock, giving it a relative edge versus older buildings. Investors should plan for targeted modernization to sustain competitiveness. Locally accessible home values and modest rents can aid lease-up, though they also imply potential competition from ownership; rent-to-income stewardship and amenity upgrades can balance pricing power with retention.
- Inner-suburban location with daily amenities and commuter access supporting renter appeal
- 1995 vintage offers an edge versus older local stock with targeted value-add potential
- 3-mile demographics indicate a sizable renter pool and growing household counts supporting demand
- Pricing strategy can leverage comparatively modest rents while managing retention risks from a high rent-to-income environment
- Risk: Safety ranks below metro median; proactive management and property-level security are key to stabilize operations