| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 33rd | Best |
| Demographics | 38th | Fair |
| Amenities | 47th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 13 Brown St, Norwich, NY, 13815, US |
| Region / Metro | Norwich |
| Year of Construction | 1975 |
| Units | 64 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
13 Brown St Norwich Multifamily Investment Opportunity
Neighborhood renter-occupied concentration is elevated and occupancy is competitive among metro peers, supporting demand resilience according to WDSuite’s CRE market data.
Norwich’s A+ neighborhood rating places this area in the top quartile among 44 metro neighborhoods, indicating solid local fundamentals for workforce housing. Grocery and park access are strengths (grocery ranks 1st and parks 2nd out of 44), while cafes and pharmacies are limited, suggesting residents rely on nearby nodes for some conveniences. From a commercial real estate analysis perspective, this mix favors day-to-day practicality over lifestyle retail.
Renter-occupied share is high for the metro (top quartile rank: 3 of 44), signaling a deeper tenant base for multifamily leasing and potential stability through cycles. Overall neighborhood occupancy ranks 11 of 44—competitive among Chenango County neighborhoods—pointing to steady, albeit not peak, leasing conditions.
At the property level, the 1975 vintage is notably newer than the neighborhood’s older housing stock (average circa 1901). That relative youth can be a competitive advantage versus legacy assets, while still warranting capital planning for aging systems and targeted modernization to support rentability.
Home values in the area are lower than many national markets, which can introduce some competition from ownership. However, median contract rents benchmark below higher-cost metros and the rent-to-income profile indicates manageable affordability pressure—factors that can aid retention and reduce turnover risk for value-focused renters.
School quality benchmarks weaker (low national percentile), which may temper appeal for some family households; investors often position assets like this toward workforce renters less sensitive to school ratings. Childcare access is comparatively strong (ranked 2 of 44), adding a practical amenity for working households.
Neighborhood-level crime data was not available in WDSuite’s dataset for this location. Investors typically review county and city trend reports and consult local law enforcement or third-party crime mapping to gauge safety dynamics around the property and compare them with nearby Norwich submarkets.
The local employment base includes telecom operations within commuting distance, supporting renter demand through steady service-sector jobs and manageable drive times.
- Frontier Communications — telecommunications offices (10.7 miles)
13 Brown St offers scale at 64 units in a neighborhood that ranks competitively within the metro, with elevated renter-occupied share supporting a deeper tenant pool. The 1975 construction is materially newer than much of the local housing stock, positioning the asset well versus older comparables, while still calling for selective upgrades that can sustain leasing velocity and support rent premiums over legacy units. According to CRE market data from WDSuite, neighborhood occupancy sits in a competitive range, and practical amenity access (notably grocery and parks) supports day-to-day livability for workforce renters.
Risk considerations include weaker school ratings and the area’s relatively accessible ownership costs, which can introduce some competitive pressure for certain cohorts. That said, rent levels and rent-to-income dynamics point to manageable affordability pressure, aiding retention for value-seeking households.
- Competitive neighborhood standing with elevated renter-occupied share supports demand depth
- 1975 vintage is newer than area average, offering positioning advantages vs. older stock with targeted upgrades
- Practical access to grocery and parks underpins livability for workforce renters
- Manageable rent-to-income dynamics can aid retention and occupancy stability
- Risks: weaker school benchmarks and accessible ownership options may create leasing competition