| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 33rd | Best |
| Demographics | 38th | Fair |
| Amenities | 47th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 95 Plymouth St, Norwich, NY, 13815, US |
| Region / Metro | Norwich |
| Year of Construction | 1987 |
| Units | 32 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
95 Plymouth St Norwich, NY Multifamily Investment
Studio-heavy, 32-unit asset positioned in an Inner Suburb pocket of Norwich where renter-occupied housing is elevated and neighborhood fundamentals rank near the top of the metro, according to WDSuite’s CRE market data.
The neighborhood surrounding 95 Plymouth St is rated A+ and ranks 2 out of 44 metro neighborhoods, placing it in the top quartile locally. Renter-occupied share is high versus national benchmarks, indicating a deeper tenant base and demand support for multifamily leasing. Neighborhood occupancy trends are above the metro median, supporting stable operations for well-managed properties.
Amenity access skews practical: parks and childcare availability test in the top quartile nationally, while grocery access is above the national median. Cafe and pharmacy density is limited, which suggests tenants rely more on essential services than lifestyle retail. School ratings sit below the national median, which may modestly temper demand from school-sensitive households but does not preclude workforce-oriented leasing.
Demographic statistics aggregated within a 3-mile radius point to modest population growth and meaningful income gains in recent years. Together with an elevated share of renter-occupied units, these dynamics support a broader renter pool and reinforce occupancy stability for competitively positioned properties.
Relative to the area’s older housing stock (much of it predating mid-century), this 1987 vintage stands newer than the neighborhood average. That positioning can enhance competitiveness versus century-old inventory, though investors should still plan for typical system upgrades and modernization to meet current renter expectations.
Ownership costs are relatively accessible compared with national norms, which can introduce some competition with renting. Effective leasing and amenity positioning will be important to sustain retention and pricing power in this context.
Comparable neighborhood crime metrics are not available in WDSuite for this location at this time. Investors typically benchmark safety using consistent county or metro sources and focus on trend direction rather than one-off readings. Consider reviewing multi-year, like-for-like datasets to assess trajectory and how it compares with nearby neighborhoods before underwriting.
The employment base within commuting reach is anchored by telecommunications operations, supporting workforce housing demand for renters seeking manageable drive times.
- Frontier Communications — telecommunications operations (9.9 miles)
This 1987-vintage, 32-unit property competes against substantially older neighborhood stock, offering relative advantages on maintenance profiles and curb appeal while still benefiting from a high share of renter-occupied housing. Neighborhood occupancy is above the metro median and amenity access favors essentials like parks, childcare, and groceries, which supports day-to-day livability and lease retention. Based on commercial real estate analysis from WDSuite, the area shows modest population growth and rising incomes within a 3-mile radius—both constructive for a sustained renter pool.
Counterbalancing factors include more accessible homeownership relative to national norms and below-median school ratings, both of which can influence pricing power and family-driven demand. Execution focused on value-oriented finishes, efficient unit layouts, and service reliability can help maintain occupancy stability and drive NOI resilience over a long hold.
- Newer-than-neighborhood vintage (1987) offers competitive positioning versus older local stock
- Elevated renter-occupied share supports depth of tenant demand and leasing stability
- Essentials-forward amenity mix (parks, childcare, groceries) aids day-to-day livability and retention
- Modest population and income growth within 3 miles expand the renter pool over time
- Risks: below-median school ratings and relatively accessible homeownership may temper pricing power; proactive lease management is key