| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 22nd | Poor |
| Demographics | 42nd | Fair |
| Amenities | 0th | Poor |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 2757 East St, Weedsport, NY, 13166, US |
| Region / Metro | Weedsport |
| Year of Construction | 1979 |
| Units | 32 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
2757 East St Weedsport NY 32-Unit Multifamily
Occupancy in the surrounding neighborhood trends above the Auburn metro median, and this 1979 asset is newer than much of the local housing stock, according to WDSuite’s CRE market data.
Weedsport is a rural submarket within the Auburn, NY metro, characterized by limited on-foot amenities and small-town services. Neighborhood amenity density ranks 54th among 54 metro neighborhoods, underscoring a drive-oriented location with few cafes, groceries, or parks nearby. For investors, this typically favors residents prioritizing space and value over walkability.
Neighborhood occupancy is around 90% and ranks 22nd of 54 in the metro, placing it above the metro median for stability. Renter concentration within the neighborhood is comparatively low, indicating a thinner but steady tenant base; within a 3-mile radius, about one-quarter of housing units are renter-occupied, which supports ongoing demand for well-managed multifamily while requiring targeted leasing.
The asset’s 1979 vintage is newer than the neighborhood’s older average housing era (early-1900s). That relative youth can be a competitive edge versus aging local stock, while still leaving room for selective modernization of systems and finishes to support retention and modest rent trade-ups.
Home values in the neighborhood are lower than national norms, which can make ownership more accessible. For multifamily investors, that dynamic can introduce competition with entry-level ownership, but it also supports resident retention among households that prefer turnkey rentals. Rent-to-income in the area sits at a moderate level, suggesting manageable affordability pressure and stable renewal potential rather than outsized pricing power.
Within a 3-mile radius, demographic data show households have increased even as overall population has been roughly flat. This points to smaller household sizes and a gradually expanding renter pool, which can help sustain occupancy and leasing velocity over time based on CRE market data from WDSuite.
Neighborhood-level crime metrics are limited for this location in WDSuite’s dataset, so comparative safety insights at a precise block level are not available. Investors typically assess safety through a combination of municipal reports, property-level history, and observable site factors alongside regional trends.
Given the rural context of the Auburn metro’s outlying areas, investors often prioritize on-site lighting, access control, and resident screening to support retention and perception, while benchmarking incident trends against broader county data where available.
The employment base within commuting distance includes manufacturing and business services employers that support workforce housing demand and commute convenience for residents. Nearby anchors include WestRock, ADP Syracuse, and Thermo Fisher Scientific.
- WestRock — packaging and paper (18.0 miles)
- ADP Syracuse — payroll and HR services (19.1 miles)
- Thermo Fisher Scientific In Fairport Ny — life sciences manufacturing (42.1 miles)
This 32-unit property offers exposure to a drive-oriented, workforce renter base with neighborhood occupancy that sits above the Auburn metro median. The 1979 construction is newer than much of the surrounding housing, creating a positioning advantage versus older stock while still allowing for targeted upgrades to enhance retention and support measured rent growth, per commercial real estate analysis informed by WDSuite.
Within a 3-mile radius, households have grown despite essentially flat population, indicating smaller household sizes and a steady renter pool. Lower local home values can increase competition from entry-level ownership, but moderate rent-to-income levels and a manageable affordability profile point to stable leasing and renewal dynamics when operations are well-executed.
- Neighborhood occupancy above metro median supports baseline stability
- 1979 vintage is competitive versus older area stock with value-add upside
- 3-mile household growth expands the local tenant base and leasing depth
- Risk: limited amenity density and accessible ownership options may temper rent growth; targeted upgrades and leasing are key