| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 34th | Best |
| Demographics | 39th | Fair |
| Amenities | 92nd | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 145 Chandler St, Jamestown, NY, 14701, US |
| Region / Metro | Jamestown |
| Year of Construction | 1990 |
| Units | 46 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
145 Chandler St, Jamestown NY Multifamily Investment
Neighborhood data points to strong renter demand and daily-needs convenience, according to WDSuite s CRE market data, with area occupancy dynamics and income levels requiring disciplined lease and expense management.
Neighborhood dynamics and livability signals
The immediate area scores highly for daily conveniences: restaurants, cafes, parks, groceries, and pharmacies rank among the strongest in the metro (1st of 64 neighborhoods in several amenity categories) and sit in the top quartile nationally. This density of essentials supports resident retention and reduces friction in day-to-day living, an important factor for multifamily performance.
Neighborhood renter concentration is high, with a large share of housing units renter-occupied. For investors, that depth of renter households indicates a broad tenant base and stable demand for multifamily units, though it also increases competition among nearby properties for renewals and new leases.
Area occupancy for the neighborhood trends below the metro median (ranked 41 out of 64), suggesting leasing velocity can be property- and execution-specific. Pricing and operations should account for local competition even as amenity access and proximity strengths help support stabilization.
Within a 3-mile radius, demographics show a modest decline in population recently but projections point to population growth and a sizable increase in households by the next five-year period. A rising household count with slightly smaller average household size implies a larger renter pool over time, which can support occupancy stability and absorption as units turn.
Neighborhood rents are lower than national norms, while rent-to-income ratios indicate some affordability pressure for local renters. For investors, that combination supports baseline occupancy but calls for careful lease management, measured rent steps, and value propositions that justify renewals.
The local housing stock skews older versus national benchmarks, while this asset s 1990 vintage is newer than the neighborhood average. That positioning can enhance competitiveness against pre-war buildings, though selective modernization may still be relevant as systems age.
Safety context
Specific crime metrics for this neighborhood were not available in WDSuite s dataset for the current period. Investors typically compare neighborhood-level trends with the broader Jamestown-Dunkirk-Fredonia metro to benchmark relative safety and evaluate directional change over time.
Practical diligence includes reviewing recent municipal reports and engaging with local property managers to gauge on-the-ground conditions near 145 Chandler St, as block-by-block dynamics can vary within otherwise similar neighborhoods.
Regional employment anchors within commuting range include advanced manufacturing and insurance, which contribute to a diversified job base that can support renter demand and retention at workforce-oriented properties.
- Parker-Hannifin manufacturing (43.7 miles)
- Erie Insurance Group insurance (43.8 miles) HQ
Investment thesis
Built in 1990 with 46 units averaging roughly 729 square feet, the property is newer than much of the surrounding housing stock, offering relative competitiveness versus older buildings in the neighborhood. Amenity access is a clear strength, with neighborhood services ranking near the top among 64 metro neighborhoods, supporting resident convenience and lease retention. According to commercial real estate analysis from WDSuite, neighborhood occupancy trends sit below the metro median, so results will hinge on disciplined operations, unit positioning, and renewal strategy.
Within a 3-mile radius, recent population softness contrasts with forecasts calling for population and household growth, implying a larger tenant base over the next cycle. Neighborhood-level rents are comparatively low, yet rent-to-income ratios point to affordability pressure, suggesting prudent rent steps and value-focused upgrades. The 1990 vintage reduces near-term structural risk relative to pre-war stock while allowing targeted value-add through interior updates and systems planning as the asset approaches mid-life.
- Relative advantage vs. older stock: 1990 vintage can compete well against pre-war buildings while supporting selective modernization.
- Amenity-rich location: top-ranked neighborhood access to daily needs supports retention and leasing velocity.
- Forward demand signals: 3-mile forecasts show population and household growth, expanding the renter pool.
- Operations-focused execution: neighborhood occupancy below metro median and renter affordability pressure require measured rent steps and asset-specific leasing strategy.