| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 46th | Best |
| Demographics | 53rd | Good |
| Amenities | 58th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 2231 County Route 12, Central Square, NY, 13036, US |
| Region / Metro | Central Square |
| Year of Construction | 2011 |
| Units | 33 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
2231 County Route 12 Central Square Multifamily Investment
Neighborhood occupancy is 94.7% (neighborhood-level), pointing to stable renter demand in the Syracuse metro, according to WDSuite s CRE market data. A 2011 vintage and 33 units position this asset as a newer option versus much of the local stock.
The property sits in an Inner Suburb of the Syracuse, NY metro with an overall neighborhood rating of A and a rank of 23 among 247 metro neighborhoods, indicating competitive fundamentals. Neighborhood occupancy of 94.7% is competitive among Syracuse neighborhoods, supporting income stability at the submarket level (occupancy refers to the neighborhood, not the property).
Local amenities are adequate for day-to-day needs, with grocery, parks, and pharmacy access landing in the mid- to upper-national percentiles. Caf E9 density ranks 27th of 247 within the metro and falls in the upper national percentiles, which helps livability and leasing appeal for residents who value nearby services. Average school ratings trend below national norms, which is a consideration for family-oriented demand.
Vintage and competitiveness: neighborhood housing skews older (average year built around the late 1950s), while this asset A0was built in 2011. Being newer than much of the nearby stock can bolster leasing competitiveness and may temper immediate capital needs; however, investors should still plan for system updates and potential modernization over a typical hold.
Tenure and demand depth: at the neighborhood level, roughly 42.9% of housing units are renter-occupied, indicating a meaningful renter base that supports multifamily absorption and retention. Within a 3-mile radius, demographic data show population growth over the past five years alongside a larger increase in households, pointing to smaller household sizes and a gradually expanding renter pool; these dynamics generally support occupancy stability and steady leasing. Median contract rents in the area remain relatively accessible, and the neighborhood A0rent-to-income ratio of about 0.14 suggests manageable affordability pressure from a landlord A0perspective, aiding renewals and pricing discipline.
Ownership context: neighborhood home values are below many coastal markets, which can create some competition with for-sale options. Even so, elevated financing costs in recent years and the relative convenience of rental living can sustain reliance on multifamily housing, helping maintain demand and lease-up velocity absent new supply shocks.
Comparable neighborhood crime metrics are not available in WDSuite for this location at this time. Investors typically benchmark safety using Syracuse metro and county sources alongside property-level history to understand trend direction and relative positioning. As with any acquisition, incorporate local reporting and on-the-ground observations to gauge conditions around the subject and along primary commute corridors.
Regional employers within commuting distance help underpin renter demand, with proximity that supports workforce housing and retention. Nearby anchors include ADP and WestRock, offering office and industrial roles accessible by regional highways.
- ADP Syracuse payroll & HR services (13.0 miles)
- WestRock packaging & paper products (15.9 miles)
This 33-unit property, built in 2011, offers a newer alternative to an area where much of the housing stock is older, which can improve leasing competitiveness and moderate near-term capital planning. Neighborhood occupancy of 94.7% (neighborhood-level) is competitive among Syracuse submarkets and, combined with a meaningful share of renter-occupied units, points to durable absorption and renewal potential. Within a 3-mile radius, recent population growth and a faster rise in household counts indicate a larger tenant base and more renters entering the market over time, supporting occupancy stability.
Affordability metrics remain supportive for operators: neighborhood rent-to-income sits near 0.14, and median home values are comparatively manageable for the region, which can create modest competition with ownership but also supports lease retention for residents prioritizing convenience. According to CRE market data from WDSuite, local amenities score in mid-to-upper national percentiles, while lower average school ratings and uneven childcare access present considerations for family-driven demand and marketing strategy.
- 2011 vintage in an older-housing area supports competitive positioning and may temper immediate capex
- Neighborhood occupancy at 94.7% (neighborhood-level) is competitive among Syracuse areas, aiding income stability
- 3-mile radius shows population and household growth, expanding the renter pool and supporting leasing
- Affordability footing (rent-to-income near 0.14) supports retention and measured pricing power
- Risks: lower school ratings and accessible for-sale options may soften family-oriented demand; plan marketing and amenities accordingly