| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 34th | Good |
| Demographics | 36th | Poor |
| Amenities | 46th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 215 S Loder Ave, Endicott, NY, 13760, US |
| Region / Metro | Endicott |
| Year of Construction | 1985 |
| Units | 58 |
| Transaction Date | 2023-03-28 |
| Transaction Price | $85,000 |
| Buyer | JABLONSKY JEFFREY CARL |
| Seller | JONES MICHAEL H |
215 S Loder Ave Endicott Multifamily Investment
Renter concentration in the neighborhood is elevated, supporting a deeper tenant base and steadier leasing, according to WDSuite’s CRE market data. Typical occupancy for the neighborhood has trended stable, with relatively accessible rents that can aid retention.
This Inner Suburb location in Endicott is competitive among Binghamton, NY neighborhoods (A- neighborhood rating; rank 29 of 111), offering essential convenience and workforce access that underpin multifamily demand. Neighborhood occupancy is around the metro middle and has improved over the last five years, a constructive backdrop for stabilizing rent rolls.
Daily-needs access is a relative strength: the neighborhood scores in the top quartile nationally for grocery and pharmacy availability, and restaurants are also competitive by national standards. By contrast, cafes, parks, and childcare options are limited within the immediate neighborhood, suggesting residents rely more on nearby submarkets for those amenities.
Renter-occupied housing accounts for roughly 57% of units in the neighborhood, indicating a sizable tenant pool and durable multifamily demand. Median contract rents benchmark on the lower side versus national levels, which can support lease-up and renewal rates, while the rent-to-income profile signals manageable affordability pressure for many renters. Median home values are comparatively low for ownership, which can create some competition with entry-level buying; however, it also supports renter reliance on multifamily housing where convenience and flexibility matter.
The property s 1985 vintage is newer than the neighborhood s older housing stock (average construction year 1942). That positioning can be competitively favorable versus legacy assets, while still warranting selective capital planning for systems, interiors, and common areas to meet current renter expectations.
Demographic statistics aggregated within a 3-mile radius indicate recent growth in population and households, with forecasts calling for additional expansion over the next five years. Rising household incomes in the same radius further support a broader renter pool and reinforce occupancy stability and renewal potential.
Comparable safety context is a standard part of underwriting; however, neighborhood crime rankings are not available in WDSuite s current dataset for this location. Investors typically benchmark property performance against metro trends, monitor public data and resident sentiment, and incorporate on-the-ground observations into risk assessments over time.
215 S Loder Ave offers a practical workforce-oriented position within a neighborhood that is competitive among Binghamton submarkets, with improving occupancy and a deep renter base. According to CRE market data from WDSuite, neighborhood occupancy trends sit near the metro middle, while renter-occupied share is high for the area, supporting demand resilience and renewal potential.
The 1985 vintage is newer than much of the surrounding housing stock, creating an opportunity to compete on quality after targeted updates. Accessible neighborhood rent levels and growing 3-mile household counts point to steady leasing, though relatively low home values may create some competition from ownership and amenity gaps (parks, cafes, childcare) may temper lifestyle appeal.
- High renter concentration supports a larger tenant base and leasing stability.
- Neighborhood occupancy near metro norms with positive five-year trajectory.
- 1985 vintage offers competitive positioning versus older local stock with value-add potential.
- Essential retail access (grocery, pharmacy, restaurants) aligns with workforce housing demand.
- Risks: lower school ratings and limited parks/cafes, plus low ownership costs that can compete with rentals.