| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 40th | Good |
| Demographics | 53rd | Fair |
| Amenities | 32nd | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 758 State Fair Blvd, Syracuse, NY, 13209, US |
| Region / Metro | Syracuse |
| Year of Construction | 2003 |
| Units | 52 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
758 State Fair Blvd Syracuse Multifamily Investment
Neighborhood occupancy trends are solid and demand is supported by a broad renter pool in the wider area, according to WDSuite s CRE market data. This location offers stable fundamentals with room to differentiate through a newer build versus older local stock.
The property sits in a Syracuse, NY neighborhood rated B+ and is competitive among Syracuse neighborhoods (76th of 247), based on CRE market data from WDSuite. Local occupancy runs above the metro median and in the top quartile nationally, supporting leasing stability. Within a 3-mile radius, household and population growth point to a larger tenant base over the next few years, which can help sustain occupancy and absorption.
Everyday convenience is adequate: grocery access ranks above many areas in the metro and restaurants are around the metro midpoint, while cafes and pharmacies are limited. Park access compares favorably to national norms. Investors should expect car-forward living with destination retail and services reached within short drives rather than a dense, walkable core.
The average neighborhood construction year is 1961, and this asset built in 2003 is materially newer than surrounding stock. That age delta can translate to lower near-term capital needs and stronger competitive positioning versus older Class B/C assets, while still leaving room for targeted modernization and common-area upgrades as part of a value-add plan.
Tenure patterns indicate a lower renter concentration immediately around the property, but the 3-mile area shows a substantially deeper base of renter-occupied housing units. For investors, that means the immediate block may have fewer multifamily comparables, yet the broader area supplies a meaningful pool of prospective tenants and supports retention for appropriately positioned product.
Affordability tailwinds are notable: rent-to-income levels are favorable and home values are relatively low for the region. This mix can support lease retention, though more accessible ownership options may introduce competition at certain price points. School ratings in the neighborhood test below regional averages, which is a consideration for family-oriented renter segments.
Safety signals are mixed in context. At the metro level, the neighborhood s crime rank sits near the middle of Syracuse s 247 neighborhoods. Nationally, violent incidents trend slightly better than the U.S. median, and recent data shows a downward year-over-year movement in violent offense rates, according to WDSuite s CRE market data. Property crime benchmarks below national medians, which warrants standard operational vigilance (lighting, access control) common to multifamily assets.
Nearby employers offer a steady white- and light-industrial employment base that supports renter demand and commute convenience for workforce and office tenants. Notable names include WestRock and ADP, both within roughly three miles.
- WestRock packaging & paper (2.2 miles)
- ADP Syracuse HR/payroll services (2.6 miles)
Built in 2003 with 52 units and larger-than-typical average floor plans, the property is newer than the area s mid-century housing stock. That vintage advantage can reduce near-term capital exposure while allowing targeted updates to drive rent premiums against older comparables. Neighborhood occupancy trends are above the metro median and strong by national standards, and the 3-mile area shows population and household growth that supports a larger tenant base and occupancy stability.
Affordability dynamics are constructive: rent-to-income levels remain favorable and ownership costs are relatively accessible for the region, implying balanced competition with for-sale options but also healthy retention for well-managed units. According to CRE market data from WDSuite, amenities skew toward groceries and parks over cafes and pharmacies, suggesting a car-oriented submarket where upgraded onsite features can be a differentiator.
- 2003 construction versus older local stock supports competitive positioning and moderates near-term capex.
- Neighborhood occupancy above metro median and solid nationally underpins leasing stability.
- 3-mile population and household growth expands the renter pool, aiding absorption and retention.
- Favorable rent-to-income profile supports pricing power with measured lease management.
- Risks: lower nearby school ratings, limited walkable amenities, and potential competition from ownership at certain price points.