| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 74th | Best |
| Demographics | 63rd | Fair |
| Amenities | 78th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 932 W Main St, Grass Valley, CA, 95945, US |
| Region / Metro | Grass Valley |
| Year of Construction | 1988 |
| Units | 35 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
932 W Main St Grass Valley Multifamily Investment
Positioned near Main Street amenities, this 35-unit asset benefits from a renter-occupied base and steady neighborhood occupancy, according to WDSuite’s CRE market data. The investment angle centers on demand stability supported by everyday conveniences and a high-cost ownership market.
Grass Valley’s Inner Suburb setting offers daily-needs convenience that supports leasing. Neighborhood amenity density is competitive among Truckee–Grass Valley neighborhoods (restaurants, cafes, groceries, and pharmacies rank near the top among 39 metro neighborhoods), which can help retention and reduce turnover risk for a property along W Main St. Schools average 4.0 out of 5 with a rank of 2 out of 39 in the metro, placing the area in the top quartile nationally for school quality—an added draw for family renters.
Neighborhood occupancy is around the national midpoint, which typically supports stable operations through cycles. The share of housing units that are renter-occupied sits above national norms (top decile nationally), indicating a deeper tenant base for multifamily demand rather than owner-occupied alternatives.
Within a 3-mile radius, demographics show population growth over the past five years and an increase in households, pointing to a larger tenant base. Forecasts through 2028 indicate further household growth and a modest reduction in average household size, which can translate into more renters entering the market and support occupancy stability.
Home values in the neighborhood sit in a high national percentile, and the value-to-income ratio is elevated relative to most U.S. neighborhoods. In investor terms, this high-cost ownership market tends to reinforce reliance on rental housing and can support pricing power for well-located, well-managed assets.
Built in 1988, the property is newer than the neighborhood’s average vintage (late 1960s). That relative youth typically aids competitiveness versus older stock, though investors should still plan for aging systems and targeted modernization to capture value-add upside.
Safety benchmarks for the neighborhood track below national averages, with both violent and property offense measures in lower national percentiles compared to neighborhoods nationwide. Recent trend data show property offenses declining year over year, according to WDSuite’s CRE market data, which is a constructive signal even as overall safety remains an underwriting consideration.
For investors, the takeaway is to budget for appropriate security, lighting, and resident engagement while monitoring local trends. Comparative positioning versus the region should be weighed alongside amenity access and demand depth when assessing leasing risk.
Regional tech employment within commuting range can contribute to renter demand and lease retention for workforce households, with Intel featured below.
- Intel Folsom FM5 — semiconductors (40.3 miles)
This 35-unit, 1988-vintage asset leverages a renter-oriented neighborhood with strong daily-needs coverage and school quality that ranks near the top among 39 metro neighborhoods. Neighborhood occupancy sits near national norms while renter concentration is elevated nationally, supporting demand depth and steady leasing. Elevated home values relative to income point to sustained reliance on multifamily, and the property’s newer-than-average vintage offers competitive positioning versus older local stock, with targeted renovations providing potential upside.
According to CRE market data from WDSuite, recent property offense trends have improved even as overall safety benchmarks remain below national averages—an underwriting item rather than a thesis-breaker. Demographic trends within a 3-mile radius show population and household growth, suggesting a larger tenant base over the next several years, while amenity proximity on W Main St supports retention and operational durability.
- Renter-occupied share above national norms supports demand depth and occupancy stability
- Daily-needs amenities and strong school ratings aid retention and leasing
- 1988 vintage is newer than local average, with value-add potential through selective upgrades
- High-cost ownership landscape reinforces reliance on multifamily housing and pricing power
- Risks: safety benchmarks below national averages and aging systems necessitate prudent capex and property management