| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 25th | Good |
| Demographics | 34th | Poor |
| Amenities | 14th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 113 Anderson St, Jamestown, NY, 14701, US |
| Region / Metro | Jamestown |
| Year of Construction | 1980 |
| Units | 60 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
113 Anderson St Jamestown 60-Unit Multifamily Investment
Positioned in a suburban pocket of Jamestown, the asset serves a steady renter base and offers operational upside, according to WDSuite’s CRE market data. The neighborhood shows durable renter demand relative to ownership options, supporting income stability with disciplined management.
Located within the Jamestown-Dunkirk-Fredonia metro, the neighborhood functions as a suburban setting with practical access to everyday needs. Restaurant density is competitive among Jamestown-Dunkirk-Fredonia neighborhoods (ranked 12 out of 64), while cafes, groceries, parks, and pharmacies are more limited locally. For investors, this mix points to convenience for dining but fewer walkable errands, making property-level amenities and parking meaningful for retention.
Neighborhood housing indicators are above the metro median (housing rank 31 of 64), and the area’s school ratings trend below national norms (average around the 15th percentile nationwide). Family-oriented leasing strategies may benefit from positioning around on-site features and unit functionality rather than school-driven demand. The property’s 1980 construction is newer than much of the area’s older housing stock, which can support competitive positioning with targeted modernization where systems or finishes are dated.
Renters account for a meaningful share of nearby housing. Within a 3-mile radius, renter-occupied units are roughly on par with owners, indicating depth in the tenant base that supports multifamily leasing over time. At the neighborhood level, occupancy has softened in recent years; investors should underwrite to hands-on leasing and asset management to sustain occupancy stability and reduce turnover.
Within a 3-mile radius, recent years show modest population decline but resilient household counts, with forecasts pointing to population growth and more households ahead alongside slightly smaller average household sizes. These dynamics typically expand the renter pool and support steady absorption. Home values in the immediate area are comparatively low for New York, which can increase competition from ownership; however, rent-to-income ratios near the neighborhood level are moderate (around 0.15), a positive for lease retention and pricing discipline. The above insights reflect commercial real estate analysis grounded in WDSuite’s market data.
Neighborhood-level crime statistics were not available in WDSuite for this specific area. Investors commonly benchmark safety by comparing the neighborhood to city and county trends, reviewing recent incident patterns, and aligning property operations (lighting, access control, tenant screening) with local best practices. This approach provides a consistent basis for risk assessment without over-interpreting block-level variation.
The 60-unit property at 113 Anderson St offers a 1980 vintage relative to an older local housing base, creating a path for value-add through system upgrades and cosmetic refreshes to strengthen competitive positioning. Renter-occupied housing is meaningful within a 3-mile radius, and moderate rent-to-income levels support retention with disciplined renewals, while neighborhood occupancy softness suggests room to create value via leasing execution and unit turns. Based on CRE market data from WDSuite, the submarket’s dining access and generally car-oriented context make on-site amenities and parking relevant levers for tenant satisfaction and renewal probability.
Forward-looking demographics aggregated within a 3-mile radius indicate a projecting increase in households alongside slightly smaller household sizes, which typically expands the tenant pool for multifamily. Low local home values introduce competition from ownership, but they also position well-maintained rentals as practical choices for residents seeking convenience, flexibility, and predictable housing costs—particularly if upgrades improve unit livability and energy efficiency.
- 1980 vintage allows targeted renovations for rent and retention upside versus older neighborhood stock.
- Renter depth within a 3-mile radius supports demand and occupancy with active leasing and renewals.
- Moderate rent-to-income levels aid pricing discipline and lease retention management.
- Operational upside from addressing softer neighborhood occupancy through marketing, turns, and amenities.
- Risks: limited walkable amenities and below-average school ratings may require stronger on-site features and service to drive renewals.