| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 29th | Good |
| Demographics | 35th | Poor |
| Amenities | 17th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 25 Cherry St, Frewsburg, NY, 14738, US |
| Region / Metro | Frewsburg |
| Year of Construction | 1992 |
| Units | 31 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
25 Cherry St, Frewsburg NY Multifamily Investment
Neighborhood occupancy is in the mid-90s, supporting steady leasing fundamentals according to WDSuite’s CRE market data, while the asset’s suburban-rural setting caters to renters seeking value and convenience.
Located in Frewsburg within the Jamestown–Dunkirk–Fredonia metro, the property sits in a rural neighborhood with stable renter demand and relatively high occupancy at the neighborhood level. According to WDSuite’s CRE market data, the neighborhood’s occupancy performance ranks 8 out of 64 metro neighborhoods (competitive among Jamestown–Dunkirk–Fredonia neighborhoods) and trends above national medians for stability. This backdrop favors consistent collections and lower downtime between turns.
Day-to-day convenience skews toward auto-oriented living. Amenity density is limited (few cafes, groceries, and parks within close proximity), though pharmacy access is comparatively better than many rural locations. For families, average school quality rates near the top of the metro (ranked 5 of 64), placing the area roughly in the upper tier nationally, which can bolster long-term renter retention.
The building’s 1992 vintage is newer than much of the surrounding housing stock (neighborhood average construction year skews early-20th century). This positioning can reduce near-term competitive pressure from older properties and support rentability, while investors should still plan for modernization of aging systems as part of a prudent capital program.
Within a 3-mile radius, population and household counts have grown in recent years and are projected to increase further by 2028, signaling a gradually expanding tenant base. Renter-occupied share in the 3-mile area remains modest today but is expected to rise, which can deepen the leasing pool over time. Median contract rents are comparatively low for the region, and rent-to-income levels suggest manageable affordability pressure — dynamics that typically support occupancy stability and lease retention rather than near-term pricing power.
Ownership costs are relatively accessible in this market (low home values by national comparison). That can create some competition with entry-level ownership, but it also implies that renters choosing multifamily are doing so for lifestyle and convenience, reinforcing steady demand for well-managed units.
Comparable metro crime rankings were not available from WDSuite for this neighborhood at the time of publication. Investors typically evaluate safety by comparing neighborhood-level trends to broader regional patterns and validating assumptions through on-the-ground diligence and resident feedback. Use consistent screening policies and consider property-level measures that support resident comfort and retention.
This 31‑unit, 1992-vintage asset offers a durable cash-flow profile supported by a neighborhood with historically strong occupancy and family-oriented school positioning. The property’s newer vintage relative to local housing stock enhances competitiveness against older comparables, while the rural setting and modest rent levels help sustain retention. Based on commercial real estate analysis from WDSuite, the area’s renter base is expected to deepen as households grow within a 3‑mile radius, supporting stable leasing over a multi-year hold.
Key considerations include limited walkable amenities and relatively accessible ownership costs, which can temper rent growth and require targeted asset management. Prudent capital planning for systems modernization can further strengthen the value proposition versus older product in the submarket.
- Neighborhood occupancy performance ranks 8 of 64 locally, indicating competitive stability and reduced downtime risk.
- 1992 construction is newer than area stock, supporting leasing versus older comparables with thoughtful upgrades.
- Growing households within 3 miles point to a gradually expanding renter pool and sustained demand.
- Manageable rent-to-income levels favor retention and occupancy consistency over aggressive near-term pricing.
- Risk: sparse walkable amenities and accessible homeownership may moderate rent growth; focus on operations and unit quality to compete.