| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 30th | Fair |
| Demographics | 52nd | Fair |
| Amenities | 27th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 20 Airport Rd, Fulton, NY, 13069, US |
| Region / Metro | Fulton |
| Year of Construction | 1985 |
| Units | 41 |
| Transaction Date | 2002-06-07 |
| Transaction Price | $690,000 |
| Buyer | MORABITO LLC STEVEN |
| Seller | ANDERSON LANE APTS ASSOCIATES LP |
20 Airport Rd, Fulton NY Multifamily Opportunity
Neighborhood occupancy is above the Syracuse metro median, suggesting steady renter demand and lease-up resilience according to WDSuite s CRE market data.
Fulton s rural setting delivers a quieter living environment with everyday conveniences present but limited in variety. Amenity access is competitive among Syracuse neighborhoods (ranked 91st of 247 within the metro), yet options remain thinner than dense urban cores, which can support value-oriented renter appeal rather than lifestyle-driven premiums.
The neighborhood shows a renter-occupied share of housing units near two-fifths, indicating a meaningful tenant base for multifamily operators. Within a 3-mile radius, households have grown in recent years and are projected to increase further, pointing to renter pool expansion and support for occupancy stability. Median contract rents in the neighborhood sit on the lower end locally, reinforcing affordability-driven leasing but limiting near-term pricing power.
Local school ratings track below national norms, which can moderate family-driven demand; however, household mix and steady occupancy trends can still underpin workforce-oriented leasing. Compared with national patterns, household incomes in the neighborhood test around the middle of the pack, while home values remain modest. In practice, the high-cost ownership pressures seen in major metros are less pronounced here, so operators should plan for measured rent steps and a focus on retention.
Vintage context matters: the property s 1985 construction is newer than the neighborhood s older average housing stock (1940s era), offering relative competitiveness versus legacy buildings while still warranting typical mid-life system updates or value-add renovations to drive differentiation.
Comparable neighborhood safety rankings are not available in WDSuite for this location. Investors typically contextualize conditions with city and county sources and evaluate property-level measures (lighting, access control, and visibility) alongside regional trends rather than relying on block-level assumptions.
Regional employers within commuting distance help sustain workforce housing demand, led by corporate services and packaging operations that broaden the renter base and support retention.
- ADP Syracuse payroll & HR services (19.7 miles)
- WestRock packaging & paper products (21.5 miles)
With 41 units and 1985 vintage, 20 Airport Rd offers a workforce-oriented profile in a rural Syracuse metro submarket where the neighborhood s occupancy trends sit above the metro median. Based on CRE market data from WDSuite, the location skews more affordable than urban alternatives, supporting steady absorption while suggesting a measured approach to rent growth.
Demographic data aggregated within a 3-mile radius indicates recent household gains and projections for further increases by 2028, which can enlarge the tenant base and support leasing durability. The asset s comparatively newer construction versus the area s older stock provides a platform for targeted value-add upgrades and operational improvements, while modest home values in the area imply some competition from ownership options and underscore the importance of retention-focused management.
- Above-metro-median neighborhood occupancy supports stable leasing and reduces downtime risk.
- 1985 vintage is newer than local stock, enabling value-add renovations to drive competitive positioning.
- 3-mile household growth and projections point to a larger renter pool and demand depth.
- Affordability orientation supports absorption; plan for disciplined rent steps and retention strategy.
- Risks: limited amenity density and modest home values may temper pricing power versus ownership.