| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 35th | Good |
| Demographics | 30th | Poor |
| Amenities | 77th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 825 E Willow St, Syracuse, NY, 13203, US |
| Region / Metro | Syracuse |
| Year of Construction | 1980 |
| Units | 121 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
825 E Willow St, Syracuse NY — Multifamily Investment Thesis
Amenity-rich Urban Core location with a deep renter base supports leasing durability, according to WDSuite’s CRE market data. Investors should weigh demand depth against neighborhood occupancy that trails stronger submarkets.
Situated in Syracuse’s Urban Core, the area around 825 E Willow St offers strong everyday convenience: high densities of groceries, restaurants, cafes, pharmacies, and childcare position the location for car-light living and steady foot traffic. This amenity concentration is above most neighborhoods nationally and competitive within the Syracuse metro, which tends to aid leasing and resident retention.
The neighborhood’s renter-occupied share is among the highest in the metro (measured against 247 Syracuse neighborhoods), pointing to a sizable tenant base and consistent multifamily demand. While neighborhood occupancy has improved over the past five years, it sits below the metro median, so underwriting should emphasize leasing execution and asset-level operations to outperform the submarket.
Within a 3-mile radius, demographics indicate modest recent population growth with a larger increase in households and a trend toward smaller average household sizes. Together, these shifts suggest renter pool expansion and support for stabilized occupancy over the medium term. Median household incomes have been rising, and rent levels remain accessible in context, implying room for disciplined rent optimization with attention to renewal strategy and potential retention risk.
Home values in the neighborhood are relatively lower than national norms, which can introduce some competition from ownership options. For investors, this typically means focusing on product differentiation (unit quality, amenities, management) to sustain pricing power. Average school ratings in the area trend below national benchmarks, which may narrow family-driven demand but can still align with workforce housing strategies. The asset’s 1980 construction is newer than much of the surrounding housing stock, which tends to be early 20th century; this can be a competitive advantage versus older buildings, while still planning for modernization of aging systems as part of a value-add play based on multifamily property research.
Safety metrics for the neighborhood track below the metro average, with the area ranking in the lower half among 247 Syracuse neighborhoods. Compared with neighborhoods nationwide, safety percentiles are also on the lower end. That said, recent year-over-year trends show declines in both property and violent offense estimates, indicating some directional improvement to monitor. Investors should incorporate security, lighting, and resident engagement into capex and operations and benchmark incident trends at the submarket level over time.
Nearby corporate offices provide a diversified employment base that supports workforce housing demand and convenient commutes for residents, including WestRock, ADP Syracuse, and Frontier Communications.
- WestRock — packaging & paper corporate offices (3.2 miles)
- ADP Syracuse — payroll & HR services offices (4.0 miles)
- Frontier Communications — telecommunications offices (41.8 miles)
This 121-unit, 1980-vintage property benefits from Urban Core convenience, a high renter concentration, and household growth within a 3-mile radius that expands the tenant base. The asset is newer than much of the surrounding early-century stock, offering relative competitiveness and a platform for targeted renovations and system upgrades to lift rents and reduce friction on turns.
Neighborhood occupancy has trended upward but remains below stronger Syracuse submarkets; according to CRE market data from WDSuite, underwriting should emphasize leasing execution and resident retention as safety perceptions and subpar school ratings can influence demand velocity. Lower home values in the area suggest some competition from ownership, making product differentiation and service quality key to sustaining pricing power.
- Urban Core amenity density supports tenant retention and leasing velocity.
- High renter-occupied share indicates a deep tenant base for a 121-unit asset.
- 1980 vintage is newer than nearby housing stock, with value-add/modernization upside.
- Demographic trends within 3 miles show household growth and a larger renter pool.
- Risks: below-metro occupancy, weaker school ratings, safety perceptions, and competition from ownership options.