| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 26th | Good |
| Demographics | 41st | Fair |
| Amenities | 7th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 33 Classic St, Sherburne, NY, 13460, US |
| Region / Metro | Sherburne |
| Year of Construction | 1981 |
| Units | 61 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
33 Classic St Sherburne NY Multifamily Investment
Positioned in a rural submarket with steady renter demand, the neighborhood posts moderate occupancy and a renter-occupied share near two-fifths, according to WDSuite’s CRE market data. For investors, that mix points to a manageable lease-up environment with potential for retention-focused operations at the property level.
Sherburne is a rural neighborhood with a B rating among 44 metro neighborhoods, offering a quieter setting and workforce-oriented housing. Amenity density is limited locally (restaurants are present but other daily services are sparse), which places a premium on on-site convenience, parking, and property maintenance to support leasing.
Neighborhood renter concentration is 39.2% of housing units, higher than most areas nationwide (79th percentile). For multifamily, that indicates a deeper tenant base relative to similarly small markets and supports ongoing demand for professionally managed rentals.
The average neighborhood construction vintage skews older (1933), while this asset’s 1981 build is materially newer. Investors can position a 1980s property as relatively competitive versus pre-war stock, while planning for targeted modernization of interiors and building systems to drive rentability and reduce near-term capex surprises.
Occupancy at the neighborhood level trends below national norms, suggesting hands-on leasing and resident services will matter for stability. Home values are comparatively low in context, which can create some competition from ownership; however, a low rent-to-income profile implies manageable affordability pressure, favoring retention and predictable lease management over aggressive pricing. These observations reflect neighborhood statistics rather than performance at 33 Classic St, and are based on CRE market data from WDSuite.
Comparable rural neighborhoods in Chenango County can show varied safety patterns by block and over time. Specific neighborhood crime metrics were not available in WDSuite’s dataset for this location. Investors should review recent local reports and property-level history to assess on-site security needs and any implications for leasing and retention.
Nearby employers provide a local commuter base that can support renter demand and retention, led by telecommunications and packaging operations within driving distance.
- Frontier Communications — telecommunications (0.2 miles)
- WestRock — packaging & paper (44.5 miles)
Built in 1981, the property is newer than much of the surrounding housing stock, offering a relative quality edge versus older inventory while still benefiting from selective value-add upgrades. The neighborhood shows a sizable renter-occupied share, which supports a consistent tenant base, though overall occupancy trends below national norms point to the importance of disciplined leasing and resident services. According to commercial real estate analysis from WDSuite, low rent-to-income levels in the area favor retention and predictable collections more than near-term pricing power.
Taken together, this asset’s vintage, 61-unit scale, and rural positioning suggest an income-focused approach with targeted renovations to sharpen competitiveness against older stock, balanced by prudent assumptions on absorption and marketing given limited local amenities.
- Newer-than-neighborhood vintage (1981) offers a relative quality advantage versus older local inventory.
- Higher renter-occupied share indicates a deeper tenant pool supporting demand and leasing continuity.
- Low rent-to-income levels support retention and stable collections over aggressive rent growth.
- Targeted value-add and systems upgrades can enhance competitiveness and reduce near-term capex risk.
- Risk: Below-national neighborhood occupancy and limited amenities may require active marketing and resident services to sustain performance.