| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 41st | Best |
| Demographics | 43rd | Fair |
| Amenities | 55th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 171 Murray Street Ext, Auburn, NY, 13021, US |
| Region / Metro | Auburn |
| Year of Construction | 1986 |
| Units | 50 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
171 Murray Street Ext, Auburn NY Multifamily Investment
Neighborhood occupancy is competitive within the Auburn metro and the renter-occupied base is sizable, supporting stable leasing according to WDSuite’s CRE market data.
Located in Auburn’s inner-suburb fabric, the property benefits from everyday convenience: neighborhood-level data places cafes and pharmacies among the top-ranked locally and above national averages, with groceries and restaurants also performing well versus peers. This amenity mix supports resident retention and lowers friction in day-to-day living for a workforce renter profile.
Occupancy in the surrounding neighborhood is competitive among Auburn neighborhoods (ranked 17th out of 54), pointing to steady tenant demand rather than oversupply. The share of housing units that are renter-occupied is in the top quartile nationally, indicating a deep renter pool that can help stabilize collections and reduce downtime between turns.
Within a 3‑mile radius, recent trends show essentially flat household counts with smaller household sizes, while forward-looking projections indicate household growth and a modest renter pool expansion. For investors, more households alongside smaller average sizes can translate to consistent demand for well-managed, mid-market units and support for occupancy over the medium term, based on CRE market data from WDSuite.
Home values in the neighborhood are lower than many U.S. markets, which can introduce some competition from entry-level ownership. At the same time, median contract rents remain accessible relative to incomes locally, which can support lease retention; careful rent management is warranted to avoid affordability pressure that could increase turnover.
Average school ratings in the area trail national norms. For family-oriented tenants, this may lengthen lease-up or make school-district positioning more important; for workforce and adult households, proximity to daily amenities and employment centers may matter more to leasing velocity.
Standardized crime metrics are limited at the neighborhood level for this location in WDSuite, so investors typically benchmark safety using city and regional trend reviews, recent comparable leasing performance, and property-level measures (lighting, access control, and management practices). Nearby amenity activity and steady neighborhood occupancy suggest consistent foot traffic, but on-the-ground diligence remains important for underwriting.
Nearby employers provide a diversified employment base that supports renter demand and commute convenience, including packaging manufacturing, payroll/HR services, and life sciences. These organizations broaden the prospective tenant pool and can aid retention for workforce housing.
- WestRock — packaging manufacturing (19.3 miles)
- ADP Syracuse — payroll & HR services (21.3 miles)
- Thermo Fisher Scientific — life sciences (43.3 miles)
Built in 1986, the property is newer than much of the surrounding housing stock, giving it a competitive position versus older assets while still presenting potential value-add through unit modernization and systems upgrades. Neighborhood occupancy is competitive within the Auburn metro, and a high share of renter-occupied units indicates a large tenant base to support stable collections and leasing.
Within a 3‑mile radius, WDSuite’s commercial real estate analysis indicates households are projected to increase with smaller average sizes, which typically supports multifamily demand and occupancy stability. Amenity access for daily needs is strong locally, while relatively low home values suggest some competition from ownership; disciplined rent setting and targeted upgrades can help balance pricing power with retention.
- 1986 vintage: competitive versus older local stock with clear value-add/modernization angles
- Competitive neighborhood occupancy and deep renter-occupied base support leasing stability
- 3‑mile outlook points to more households and smaller sizes, reinforcing demand for rentals
- Amenity access (groceries, pharmacies, cafes) aids retention and reduces resident friction
- Risks: below-average school ratings and accessible ownership options may temper pricing power