| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 46th | Best |
| Demographics | 53rd | Good |
| Amenities | 58th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 13 Green Acres Dr, Central Square, NY, 13036, US |
| Region / Metro | Central Square |
| Year of Construction | 1986 |
| Units | 20 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
13 Green Acres Dr, Central Square, NY Multifamily Investment
Neighborhood occupancy is 94.7%, indicating stable renter demand in this Inner Suburb location, according to WDSuite’s CRE market data. With a 1986 vintage and a 20-unit scale, the asset’s positioning favors durable leasing while leaving room for targeted value-add.
The property sits in an Inner Suburb of the Syracuse, NY metro and is competitive among Syracuse neighborhoods (ranked 23 out of 247 metro neighborhoods). Local convenience is steady rather than destination-driven: grocery and everyday retail access trend above many peer areas, and parks, pharmacies, and cafes show favorable density relative to regional norms. These elements support day-to-day livability and help sustain renter interest.
For investors, tenancy dynamics are a central strength. The neighborhood’s renter concentration is 42.9% of housing units renter-occupied, which indicates a meaningful base of multifamily users and helps deepen the leasing funnel and retention prospects. Neighborhood occupancy of 94.7% suggests healthy absorption capacity, while median household incomes are moderate for the metro, reinforcing demand for practical, well-managed apartments.
Demographic statistics are aggregated within a 3-mile radius and point to a larger tenant base over time: recent population growth and an increase in households signal more renters entering the market. Forward-looking estimates show continued population and household gains alongside slightly smaller average household sizes, which typically supports multifamily leasing and occupancy stability.
Housing costs are comparatively accessible in this submarket. Elevated home values are not the defining feature here, which can sustain reliance on rental options and support lease retention. Rent-to-income near 0.14 indicates manageable affordability pressure for typical renters, an advantage for occupancy and renewal strategies. Average public school ratings trend on the lower side (about 2.0 out of five), which is a consideration for family-oriented demand, but proximity to parks and everyday services offsets some of that impact.
The 1986 construction year is newer than the neighborhood’s average vintage (1958), offering a relative competitive edge versus older stock. That said, investors should still expect periodic modernization and system upgrades to maintain positioning and to capture value-add opportunities.
Comparable, neighborhood-level safety data for this specific area are limited in the current release, so definitive conclusions are not presented. Investors typically contextualize safety by comparing multi-year trends across Syracuse metro neighborhoods and corroborating with local reports and property-level histories. In the absence of consistent, ranked data, it is prudent to underwrite to standard risk controls, such as lighting, access management, and resident screening, and to benchmark against nearby Inner Suburb peers.
Regional employment is diversified at the metro level, with commuting access to corporate offices that help support workforce housing demand and leasing stability for nearby multifamily. Key employers within practical driving distance include ADP and WestRock.
- ADP Syracuse — payroll & HR services (12.9 miles)
- WestRock — paper & packaging (15.8 miles)
This 20-unit, 1986-vintage property pairs neighborhood occupancy of 94.7% with a renter-occupied share that supports a durable tenant base. According to CRE market data from WDSuite, local livability markers such as groceries, parks, and pharmacies compare favorably within the metro, while rent-to-income near 0.14 implies manageable affordability pressure that can aid retention and steady leasing.
Demographic statistics aggregated within a 3-mile radius show recent population and household growth with projections for further expansion and slightly smaller household sizes, trends that typically expand the renter pool and support occupancy stability. The vintage is newer than the neighborhood average, suggesting relative competitiveness versus older stock, though investors should plan for ongoing system updates and targeted renovations to protect NOI and capture value-add upside.
- Healthy neighborhood occupancy and meaningful renter concentration support leasing stability
- 1986 construction is newer than area average, offering competitive positioning with selective value-add potential
- 3-mile population and household growth point to a larger tenant base and sustained demand
- Accessible rent-to-income dynamics (~0.14) bolster renewal prospects and pricing flexibility
- Risks: lower average school ratings and limited granular safety data warrant conservative underwriting and asset-level management