| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 32nd | Fair |
| Demographics | 50th | Fair |
| Amenities | 32nd | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 22 Delano St, Pulaski, NY, 13142, US |
| Region / Metro | Pulaski |
| Year of Construction | 1980 |
| Units | 20 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
22 Delano St, Pulaski, NY Multifamily Investment
Renter concentration in the surrounding neighborhood supports a durable tenant base, while occupancy trends appear manageable according to WDSuite’s CRE market data.
This Pulaski neighborhood carries a B rating and ranks above the metro median among 247 Syracuse neighborhoods, signaling balanced conditions for smaller multifamily. Amenity access is competitive at the metro level but modest nationally; groceries and pharmacies are comparatively accessible, while cafes and parks are less prevalent. School ratings trend below average, which may shape unit mix and leasing strategies.
The local housing stock is older on average (mid-1930s). A 1980-vintage, 20-unit asset can position well versus older comparables, though investors should budget for ongoing system updates and targeted value-add improvements to sustain competitiveness.
The share of renter-occupied housing is high relative to national norms, indicating a deeper tenant pool. Neighborhood occupancy sits below national medians, so underwriting should reflect measured lease-up and renewal pacing, but the elevated renter concentration supports ongoing demand for well-managed units.
Within a 3-mile radius, recent population and household counts have edged up and are projected to grow further by 2028, implying a gradually expanding renter pool. Household sizes are expected to trend slightly smaller, which typically supports steady absorption for efficient floor plans.
Home values are lower than many U.S. neighborhoods, which can introduce some competition with ownership. Even so, rent-to-income levels are favorable locally, reinforcing tenant retention and measured pricing power for properties with refreshed finishes and reliable operations.
Neighborhood-level crime figures were not available in the current WDSuite dataset. Investors commonly evaluate safety by benchmarking the neighborhood against Syracuse metro and county trends when accessible, and by incorporating practical on-site measures through property management.
Regional corporate offices within commuting distance help underpin workforce housing demand and lease retention for renters commuting to Syracuse-area employers.
- ADP Syracuse — payroll & HR services (32.3 miles)
- WestRock — packaging & paper products (35.2 miles)
Built in 1980, this 20-unit property is newer than much of the surrounding neighborhood’s housing stock, offering a competitive position versus older comparables with scope for selective value-add upgrades. A high share of renter-occupied units in the neighborhood points to depth in the tenant base, while rent-to-income dynamics support retention and pragmatic rent growth, based on commercial real estate analysis from WDSuite.
Macro indicators are balanced: neighborhood occupancy trends are below national medians, but 3-mile population and household growth projections suggest a gradually expanding renter pool. Given modest national-level amenity positioning and lower school ratings, execution should focus on operational consistency, unit refreshes, and lease management.
- 1980 vintage offers competitive positioning versus older neighborhood stock with targeted renovation upside
- Elevated renter-occupied share supports tenant demand depth and leasing stability
- Favorable rent-to-income dynamics reinforce retention and measured pricing power
- Gradual 3-mile population and household growth points to a larger renter pool over the outlook period
- Risks: neighborhood occupancy below national medians; modest amenity and school positioning; reliance on regional employers for commute-driven demand