| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 33rd | Fair |
| Demographics | 69th | Best |
| Amenities | 36th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1 Village View Dr, Tully, NY, 13159, US |
| Region / Metro | Tully |
| Year of Construction | 1995 |
| Units | 32 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
1 Village View Dr, Tully NY Multifamily Investment
1995 vintage in a rural A-rated pocket offers competitive positioning versus older local stock and steady renter demand, according to WDSuite’s CRE market data. Household growth and low rent-to-income levels in the area support retention and income durability.
This rural neighborhood ranks in the top quartile among 247 Syracuse metro neighborhoods (A rating), signaling solid fundamentals relative to the region. Schools test above metro norms with an average rating that also sits in the top quartile locally, while amenities are modest but sufficient for day-to-day needs.
The area’s housing stock skews older on average, and this property’s 1995 construction is newer than much of the competitive set. For investors, that positioning can reduce near-term capital intensity versus pre‑war assets while still leaving room for selective modernization to support rent trade‑outs.
Within a 3‑mile radius, population and households have expanded in recent years, adding depth to the tenant base. Forward-looking indicators suggest largely stable population with additional household gains, which typically supports occupancy stability and predictable leasing. Neighborhood renter-occupied share is lower than many urban submarkets, indicating a thinner but steady renter pool; this can still underpin workforce demand given commuting access and local services.
Home values are around the national middle, and rent-to-income levels are favorable for renters. For owners, this points to balanced pricing power with lower near-term retention risk, based on commercial real estate analysis from WDSuite; however, more accessible ownership options in parts of Onondaga County can create some competition for higher‑income tenants.
Safety indicators in this neighborhood compare favorably to national norms, with violent incidents trending in a higher national safety percentile. Property-related incidents track near the national median and have shown a recent year-over-year decline. Taken together, conditions are competitive among Syracuse neighborhoods without signaling outsized risk.
Investors should continue to monitor metro-wide trends and property-level controls, but current readings suggest a supportive backdrop for resident retention and day-to-day operations.
Regional employers within commuting range help support renter demand and lease stability, particularly for workforce households tied to manufacturing and business services. Notable nearby corporate offices include:
- WestRock — packaging & paper (18.7 miles)
- ADP Syracuse — payroll & HR services (21.2 miles)
- Frontier Communications — telecommunications (32.3 miles)
Built in 1995 with 32 units, the asset is newer than much of the local housing stock, which is dominated by pre‑war construction. That vintage can moderate near-term capital needs while enabling a targeted value‑add program to enhance finishes and amenities. Household growth within a 3‑mile radius and favorable rent-to-income levels point to a stable renter base and support for occupancy over a full cycle, according to CRE market data from WDSuite.
At the neighborhood level, an A-rated, top-quartile standing within the Syracuse metro underscores durable location fundamentals. Renter concentration is lower than urban cores, which can temper lease-up velocity, and ownership remains relatively accessible in parts of the county—both factors to underwrite carefully. Even so, steady household gains and improving income profiles indicate consistent multifamily demand with measured pricing power.
- 1995 vintage positions the asset competitively versus older local stock, with selective renovation upside
- Household growth within 3 miles expands the tenant base and supports occupancy stability
- Favorable rent-to-income dynamics reinforce retention and measured pricing power
- A-rated, top‑quartile neighborhood in the Syracuse metro supports long-term fundamentals
- Risks: lower renter concentration and accessible ownership options may slow lease-up or increase turnover