| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 35th | Good |
| Demographics | 30th | Poor |
| Amenities | 77th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 830 James St, Syracuse, NY, 13203, US |
| Region / Metro | Syracuse |
| Year of Construction | 2000 |
| Units | 73 |
| Transaction Date | 2016-10-31 |
| Transaction Price | $5,413,000 |
| Buyer | HELIO HEALTH INC |
| Seller | MHI JAMES LP |
830 James St Syracuse NY Multifamily Investment Opportunity
Renter demand is supported by a high renter-occupied housing mix in the surrounding neighborhood and strong daily-needs amenities, according to WDSuite’s CRE market data. Newer 2000 construction provides competitive positioning versus older local stock while leaving room for targeted upgrades.
This Urban Core location offers daily convenience that supports leasing and retention. The neighborhood ranks among the most amenity-dense in the Syracuse metro (3 of 247), with one of the metro’s highest concentrations of grocery options (2 of 247) and restaurants (6 of 247). Nationally, amenity access trends in the top quartile, reinforcing appeal for renters who prioritize walkable essentials.
Renter concentration is elevated (ranked 6 of 247 for share of renter-occupied units), indicating a deep tenant base and steady demand for multifamily. Neighborhood occupancy trends below the metro median, suggesting room for operational upside with effective leasing and management. Median contract rents in the area remain relatively accessible, which can aid renewal rates but may temper near-term pricing power.
Within a 3-mile radius, WDSuite’s demographics indicate modest recent population growth and a projected increase in households through 2028, paired with smaller average household sizes. For investors, that points to a larger tenant base over time and continued renter pool expansion that can support occupancy stability and absorption.
Counterbalancing factors include limited dedicated park acreage in the immediate vicinity and weaker average school ratings versus metro and national benchmarks. Home values in the neighborhood are comparatively lower on a national basis, meaning ownership can be more accessible here than in high-cost markets; for multifamily, that introduces some competition with entry-level ownership and underscores the importance of amenity and service differentiation.
Safety indicators for the neighborhood are below the metro average (crime rank 150 out of 247 Syracuse neighborhoods), and national comparisons place the area in lower safety percentiles. However, recent trend data from WDSuite shows year-over-year declines in both property and violent offenses, which, if sustained, can reduce turnover risk and support leasing consistency.
Investors should underwrite to current conditions while monitoring the downward trend and employing standard measures—lighting, access control, and resident engagement—to enhance perceived safety and retention.
Nearby corporate offices provide a diversified employment base that supports renter demand and commute convenience, including WestRock, ADP Syracuse, and Frontier Communications.
- WestRock — packaging & paper (3.4 miles)
- ADP Syracuse — payroll & HR services (4.1 miles)
- Frontier Communications — telecommunications (41.6 miles)
Built in 2000, the property is newer than much of the surrounding housing stock, providing competitive positioning versus older assets while allowing for targeted modernization to drive rent premiums. Demand is supported by a high share of renter-occupied units locally and amenity-rich fundamentals—particularly strong access to groceries and dining—while neighborhood occupancy running below the metro median points to potential operational upside with focused leasing and management.
Within a 3-mile radius, WDSuite’s commercial real estate analysis indicates modest population growth to date and a forecasted increase in households, implying a larger tenant base and continued renter pool expansion. Ownership is relatively accessible in this submarket, so value is driven by convenience, service, and unit quality rather than outsized pricing power.
- 2000 vintage offers competitive positioning versus older neighborhood stock with selective value-add potential
- High renter-occupied share supports depth of demand and leasing durability
- Amenity-dense location (top-ranked for groceries and dining within the metro) enhances retention
- Operational upside: neighborhood occupancy trends below metro median, creating room to improve performance
- Risks: below-average safety metrics and more accessible ownership require strong property management and differentiation