| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 43rd | Best |
| Demographics | 49th | Good |
| Amenities | 22nd | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1243 Campville Rd, Endicott, NY, 13760, US |
| Region / Metro | Endicott |
| Year of Construction | 1980 |
| Units | 48 |
| Transaction Date | 2012-03-22 |
| Transaction Price | $1,224,000 |
| Buyer | MANCHESTER COURT LLC |
| Seller | ISLAM MOHAMMED A |
1243 Campville Rd, Endicott NY — Multifamily Investment Thesis
Neighborhood fundamentals point to stable renter demand and above-metro occupancy for the surrounding area, according to WDSuite s CRE market data. This location balances relative affordability with steady tenancy drivers, while investors should note local amenity depth varies by block.
The property sits in a suburban pocket of the Binghamton, NY metro with a B+ neighborhood rating. Area occupancy is competitive among metro peers and ranks in the top quartile among 111 Binghamton neighborhoods, supporting lease stability for nearby multifamily assets. Rents in the immediate neighborhood trend below national medians, which helps sustain demand while offering measured pricing power rather than outsized rent growth.
Vintage positioning is favorable: built in 1980, the asset is newer than the neighborhood s average 1960s housing stock. That relative youth can reduce near-term competitive pressure from older product, though investors should still plan for aging-system upgrades and selective modernization to support retention and push rent per square foot.
Tenure patterns indicate a moderate renter-occupied share in the neighborhood, reinforcing a viable tenant base without over-reliance on transient demand. Within a 3-mile radius, demographics show modest population and household growth in recent years with projections indicating a larger tenant pool over the next five years rising incomes and a growing middle band can support occupancy stability and steady leasing.
Local amenity density is mixed. Immediate dining and park options are limited, but grocery and pharmacy access are present, providing day-to-day convenience. Average school ratings for the neighborhood trail national benchmarks, which may modestly constrain family-oriented demand; however, compact unit mixes often align with singles and couples prioritizing value and commute efficiency over school considerations.
Home values in the neighborhood sit below national norms, creating a more accessible ownership market than in many metros. For multifamily investors, that can introduce some competition from entry-level ownership; the counterbalance is that rent-to-income levels in the area remain manageable, supporting lease retention and measured renewal growth rather than sharp turnover.
Comparable neighborhood safety data is not available from WDSuite for this location, so block-level conclusions are not appropriate. Investors typically benchmark this area against broader Binghamton metro trends, review property-level incident histories, and coordinate with local management and insurers to assess risk mitigation and lighting, access control, and monitoring needs.
1243 Campville Rd offers 48 units with compact floorplans that play to value-oriented renter demand. Occupancy in the surrounding neighborhood is above the metro median and competitive among Binghamton submarkets, suggesting durable leasing. Newer-than-neighborhood-average vintage (1980) provides a relative edge versus older stock, while targeted renovations can unlock further rent-per-foot gains. Based on commercial real estate analysis from WDSuite, local rent levels remain accessible, supporting retention even as household incomes in the 3-mile catchment trend upward.
Forward-looking demographics within three miles point to an expanding tenant base, with households and incomes projected to increase through the next five years a setup that supports steady absorption more than speculative growth. Key watch items include lighter dining/park amenity density, below-average school ratings, and the potential for entry-level ownership to compete at the margin; disciplined asset management and value-oriented positioning can help maintain leasing velocity.
- Competitive neighborhood occupancy supports leasing stability
- 1980 vintage vs. older area stock allows value-add modernization
- Accessible rents and rising incomes bolster renewal potential
- 3-mile household and income growth expands the renter pool
- Risks: thinner amenity density, lower school ratings, and ownership competition