| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 49th | Best |
| Demographics | 59th | Good |
| Amenities | 65th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 512 Reynolds Rd, Johnson City, NY, 13790, US |
| Region / Metro | Johnson City |
| Year of Construction | 1978 |
| Units | 88 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
512 Reynolds Rd Johnson City Multifamily Investment
Neighborhood occupancy has held in the mid-90s with steady improvement, supporting income stability for an 88‑unit asset, according to WDSuite’s CRE market data. Position within Johnson City offers access to daily amenities and a renter base that is above the metro median.
Johnson City’s Inner Suburb setting combines daily needs and commuter convenience that help underpin renter demand. Cafes and parks are competitive among Binghamton neighborhoods (ranked near the front of 111), and both amenities test in the upper national percentiles, while restaurants track above the national midpoint. Pharmacy access is thin within the neighborhood, which may modestly affect convenience but is not typically a core driver of multifamily performance.
Rents in the neighborhood sit around the national middle with five‑year gains, and rent-to-income near one‑fifth points to manageable affordability pressure that can support retention and leasing. Median home values are lower relative to many U.S. markets, which can introduce some competition from ownership; however, the neighborhood maintains a sizable renter-occupied share of housing units (just over half), indicating depth in the tenant base. These dynamics align with occupancy that has trended up over five years.
Within a 3‑mile radius, demographics show a stable population and an increase in households over the last five years, with projections for additional population growth and a larger household count by 2028. This points to a gradually expanding renter pool and supports occupancy stability and lease‑up visibility for well‑positioned units. Education levels for adults test above national midpoints, which can correlate with more stable renter incomes.
For investors conducting multifamily property research, local amenity strength (especially parks and cafes) and neighborhood occupancy trends compare favorably with metro norms, based on CRE market data from WDSuite. The main watch items are pharmacy scarcity and below‑average school ratings, which may influence segment targeting but do not typically outweigh core drivers like employment access, rents, and renter concentration.
Standardized neighborhood crime metrics were not available in this dataset. Investors typically benchmark safety using multiple sources and time frames, comparing neighborhood trends to the broader Binghamton, NY metro for context. Absent comparable rankings, prudent underwriting should focus on property‑level controls (lighting, access, management) and resident experience indicators alongside third‑party data.
The Binghamton–Johnson City corridor hosts a diversified employment base that supports commuter demand for workforce and market‑rate rentals. Specific nearby employer distances were not available in this dataset.
Built in 1978, the asset is somewhat newer than the neighborhood’s average vintage and can compete against older stock while still benefiting from targeted modernization to enhance rentability. Neighborhood occupancy has improved into the mid‑90s, renter concentration is just over half of housing units, and rents sit near national midpoints—factors that collectively support durable demand and manageable turnover, based on CRE market data from WDSuite.
Within a 3‑mile radius, households have increased with projections for further growth by 2028, implying a larger tenant base over time. Ownership costs are relatively accessible in this submarket, which could moderate pricing power at certain unit sizes, but amenity access, commuting convenience, and stable renter incomes help underpin occupancy and renewal prospects. Targeted value‑add—interiors, energy systems, and common‑area upgrades—can position a 1970s‑vintage asset competitively while maintaining affordability that supports retention.
- Occupancy in the mid‑90s and rising over five years supports income stability
- Renter‑occupied share just over half indicates depth of tenant demand
- 1978 vintage offers value‑add potential to outcompete older local stock
- Amenity access (parks, cafes, restaurants) compares well versus metro norms
- Risk: relatively accessible ownership and lower school ratings can temper rent growth; plan for targeted upgrades and thoughtful unit mix