| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 26th | Good |
| Demographics | 41st | Fair |
| Amenities | 7th | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 430 East Ave, Falconer, NY, 14733, US |
| Region / Metro | Falconer |
| Year of Construction | 1983 |
| Units | 35 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
430 East Ave, Falconer NY — 35-Unit Multifamily with Stable Occupancy Drivers
Neighborhood occupancy trends are solid for this submarket, according to WDSuite’s CRE market data, supporting a steady tenant base for a 35-unit asset in a lower-density location. Affordability is comparatively favorable in the area, which can aid retention and smooth leasing in most cycles.
Located in Falconer within the Jamestown–Dunkirk–Fredonia metro, the immediate neighborhood is classified as rural with limited retail and services density. While amenities are thinner than urban cores, investors often view the calmer setting and basic conveniences as compatible with workforce housing strategies.
Occupancy at the neighborhood level is positioned above many local peers and tracks above national midpoints, based on CRE market data from WDSuite. Within the 64-neighborhood metro, occupancy performance sits in the top quartile, a sign that demand has been resilient even as smaller markets cycle.
The property’s 1983 vintage is materially newer than the neighborhood’s older housing stock (average construction year skews early-20th century). That relative age can reduce near-term capital intensity versus much older comparables, while still leaving room for targeted value-add—think systems updates, interiors, and common-area refreshes to sharpen competitive positioning.
Within a 3-mile radius, demographics indicate a stable renter base with household counts roughly steady in recent years and projected to rise as household sizes trend smaller. For investors, this points to a larger tenant pool over time even if population growth is subdued—supporting occupancy stability and predictable leasing. Rents remain accessible for the area, which can moderate affordability pressure and support lease retention.
Counterpoints: the local school rating averages are modest for the metro, and amenities such as cafes, groceries, and parks are limited nearby. These factors can cap rent premiums versus amenity-rich submarkets, so underwriting should emphasize steady cash flow over outsized rent growth.
Comparable crime data for this neighborhood is not available in WDSuite’s dataset at the time of publication. Investors commonly benchmark safety using municipal reports and county trend data, and compare site-level security, lighting, and visibility to similar assets in the Jamestown–Dunkirk–Fredonia region.
430 East Ave offers a 1983-vintage, 35-unit footprint in a low-density submarket where neighborhood occupancy trends rank among the stronger performers locally. According to CRE market data from WDSuite, the area’s rent levels are comparatively accessible, which tends to support retention and reduce leasing friction. The asset’s relative youth versus older neighborhood stock suggests manageable near-term capital needs with potential value-add upside through focused renovations.
Three-mile demographics show households holding roughly steady and expected to expand as average household size declines—an investor-relevant trend that can broaden the renter pool even without population gains. Offsetting considerations include limited nearby amenities and modest school ratings, which may temper premium rent potential and favor an underwriting stance centered on durable occupancy and prudent expense control.
- Neighborhood occupancy ranks in the stronger cohort locally, supporting leasing stability.
- 1983 vintage is newer than much of the area’s stock, with targeted value-add potential.
- Accessible area rents and low rent-to-income pressure support tenant retention.
- 3-mile household trends point to a larger renter pool as household sizes shrink.
- Risks: limited amenities and modest school ratings could cap rent premiums; underwrite for steady cash flow.