| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 38th | Best |
| Demographics | 47th | Good |
| Amenities | 30th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 441 Temple St, Fredonia, NY, 14063, US |
| Region / Metro | Fredonia |
| Year of Construction | 1997 |
| Units | 40 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
441 Temple St, Fredonia NY — 40-Unit Multifamily Investment
Renter demand is supported by steady neighborhood occupancy and a growing 3-mile household base, according to WDSuite’s CRE market data. The submarket’s relatively low rent-to-income burden points to solid retention with measured pricing power.
Located in suburban Fredonia within the Jamestown–Dunkirk–Fredonia metro, the neighborhood carries an A- rating and ranks 12 out of 64 metro neighborhoods, making it competitive among Jamestown–Dunkirk–Fredonia neighborhoods. Occupancy for the neighborhood is in the low 90% range and has trended modestly higher over five years, with a rank of 20 out of 64 (competitive locally) and near the national middle, based on CRE market data from WDSuite.
Daily needs are serviceable rather than destination-driven: grocery and park access rank 13 out of 64, while cafes and pharmacies are limited. This mix suits workforce renters who prioritize practicality over lifestyle retail, though the thinner amenity set may temper premiums compared to amenity-rich urban nodes.
Vintage matters here. Neighborhood housing skews older (average year ~1920), while this asset was built in 1997. The newer vintage versus local stock enhances competitive positioning and may reduce immediate structural capital needs; investors should still plan for modernization of 1990s-era systems and finishes to support rent growth and leasing velocity.
Within a 3-mile radius, population has edged higher, households have increased, and average household size is trending smaller. Together with a renter-occupied share near 40% locally (versus about 29% at the immediate neighborhood level), these factors indicate a durable tenant base and potential renter pool expansion that can support occupancy stability through the cycle.
Home values in the area are moderate by national standards, and the neighborhood’s rent-to-income ratio sits around the national upper mid-range. For investors, this combination supports resident retention and consistent collections, while suggesting that rent lifts should be paced to manage affordability pressure and minimize turnover.
Comparable neighborhood-level crime data is not available in WDSuite for this location, so direct rank or percentile benchmarking is limited. Investors typically contextualize asset performance using city and metro trend reviews and on-the-ground diligence to assess safety perceptions and their impact on leasing and retention.
Regional employers within commuting reach help support renter demand and stability, notably in financial services, logistics, healthcare distribution, scientific equipment, and insurance.
- M&T Bank Corp. — financial services (38.5 miles) — HQ
- FedEx Trade Networks — logistics & trade services (40.1 miles)
- McKesson — healthcare distribution (41.5 miles)
- Thermo Fisher Scientific — scientific equipment (43.4 miles)
- Erie Insurance Group — insurance (43.9 miles) — HQ
441 Temple St offers scale at 40 units and a 1997 vintage that is newer than much of the local housing stock, positioning the asset competitively against older comparables. Neighborhood occupancy sits around the low 90% range and has improved over the last five years, while the 3-mile area shows rising household counts and a meaningful share of renter-occupied units — dynamics that support tenant base depth and leasing stability. The ownership market is moderately priced relative to high-cost metros, and the rent-to-income profile suggests solid retention with measured ability to push rents.
According to CRE market data from WDSuite, neighborhood amenities are practical but limited in lifestyle offerings, which argues for a durable, needs-based renter audience. Investors should underwrite ongoing modernization of 1990s systems and finishes to capture value-add upside while maintaining affordability that supports occupancy and renewals.
- Competitive 1997 vintage versus older local stock supports leasing and reduces near-term structural capex risk.
- Neighborhood occupancy near the metro middle with five-year improvement points to resilient demand.
- 3-mile household growth and smaller household sizes expand the renter pool and support retention.
- Moderate ownership costs and a balanced rent-to-income profile favor stable collections and paced rent lifts.
- Risks: thinner lifestyle amenities and small-metro exposure may cap premiums; plan for targeted unit and system upgrades.