| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 32nd | Fair |
| Demographics | 46th | Fair |
| Amenities | 44th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 900 Tyson Pl, Syracuse, NY, 13206, US |
| Region / Metro | Syracuse |
| Year of Construction | 1994 |
| Units | 42 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
900 Tyson Pl Syracuse 42-Unit Multifamily
Renter demand is supported by a high renter-occupied share in the surrounding neighborhood and occupancy that has trended upward, according to WDSuite’s CRE market data. In this inner suburb of Syracuse, steady tenant depth and competitive positioning versus older local stock stand out for disciplined commercial real estate analysis.
The property sits in an Inner Suburb location that is competitive among Syracuse neighborhoods (ranked 42 out of 247 locally for overall amenities), with strong access to daily needs. Grocery and pharmacy availability score in higher national percentiles, helping with leasing convenience, while restaurants are comparatively dense. Park, café, and childcare density are thinner, which may modestly limit lifestyle appeal relative to top-performing areas.
Neighborhood occupancy is near the metro average and has improved over the last five years, supporting income stability through typical cycle noise. The share of housing units that are renter-occupied is elevated (ranked 17 of 247 in the metro), indicating a deep tenant base that generally benefits multifamily absorption and renewal prospects.
Within a 3-mile radius, demographics show modest population growth in recent years and a larger increase in households, pointing to smaller household sizes and a gradually expanding renter pool. Forecasts through 2028 indicate further population and household gains, which should contribute to demand for rental units and support occupancy durability.
The neighborhood’s median home values are comparatively low in national context, and rent-to-income levels indicate manageable affordability pressure. For investors, this suggests balanced pricing power with reasonable retention, though more accessible ownership options can create some competition for certain renter cohorts.
Vintage matters: with a 1994 construction year against an area average skewing to the 1930s, the asset is newer than much of the local stock. That positioning can aid leasing versus older comparables, while still warranting capital planning for system modernization and selective value-add to meet current renter expectations.
Safety metrics for the neighborhood track close to the metro middle (ranked 120 out of 247 within Syracuse). In national context, the area sits below the top half for safety, but recent trend data shows meaningful improvement with both violent and property offense rates declining year over year. These directional gains reduce headline risk even as investors should underwrite to average neighborhood safety rather than top-quartile outcomes.
Nearby employers provide a diversified white-collar and industrial services base that supports renter demand and commute convenience, notably ADP, WestRock, and Frontier Communications.
- ADP Syracuse — payroll & HR services (4.9 miles)
- WestRock — packaging & paper products (5.2 miles)
- Frontier Communications — telecommunications (40.8 miles)
Positioned in an Inner Suburb with improving neighborhood occupancy and a high renter-occupied share, 900 Tyson Pl benefits from a deep tenant base and daily-needs accessibility. According to CRE market data from WDSuite, nearby groceries, pharmacies, and restaurants are relatively dense versus national norms, which supports leasing and retention even as green space and café options are thinner. The 1994 vintage is newer than much of the area’s housing stock, offering competitive positioning with scope for targeted modernization to lift rents and reduce future maintenance variability.
Within a 3-mile radius, modest recent population growth alongside a faster rise in households signals smaller household sizes and an expanding renter pool. Forward-looking projections show continued gains in both population and households by 2028, reinforcing demand for rental units and supporting occupancy stability. Ownership costs in this part of Syracuse are comparatively accessible, which can create some competition, but rent-to-income levels point to manageable affordability pressure that can aid renewal rates with prudent lease management.
- High renter-occupied share and near-metro-average occupancy support steady tenant demand.
- Daily-needs access (groceries, pharmacies, restaurants) strengthens leasing and retention.
- 1994 vintage is newer than local stock, with value-add and modernization potential.
- 3-mile forecasts indicate population and household growth, expanding the renter pool.
- Risks: thinner parks/café amenities and relatively accessible ownership options may temper pricing power; underwrite to average neighborhood safety.