| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 46th | Best |
| Demographics | 63rd | Best |
| Amenities | 36th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 186 Rugar St, Plattsburgh, NY, 12901, US |
| Region / Metro | Plattsburgh |
| Year of Construction | 1987 |
| Units | 24 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
186 Rugar St, Plattsburgh NY Multifamily Investment
Neighborhood occupancy is steady with directional rent growth, pointing to resilient renter demand in an inner-suburban setting, according to WDSuite’s CRE market data. Investors evaluating smaller assets may find stable operations supported by a balanced renter base and accessible living costs.
This inner-suburban neighborhood rates highly within the Plattsburgh metro, ranking in the top quartile among 50 neighborhoods. Local occupancy is about 92% with a positive multi-year trend, suggesting stable leasing conditions and moderate pricing power for well-managed multifamily assets, based on CRE market data from WDSuite.
Renter-occupied housing makes up roughly one-third of neighborhood units, indicating a balanced tenant base at the block-group cluster level, while the broader 3-mile radius shows a higher renter concentration that can deepen the leasing pool. That wider 3-mile area has seen households increase even as average household size trends lower, which typically supports demand for smaller-format rental housing and helps sustain occupancy.
Amenity access is service-oriented: pharmacies score in the top quartile nationally and groceries and restaurants track around the metro median, while parks and cafés are limited nearby. Average school ratings sit above the 50th national percentile, which can assist retention for tenants prioritizing education access without commanding premium metro pricing.
The property’s 1987 vintage is newer than the neighborhood’s average construction year (1964). That positioning can improve competitive appeal versus older stock while still warranting targeted capital plans for aging systems or light renovations to meet contemporary renter expectations.
Rents in the neighborhood have trended upward over five years and sit around the middle of national distributions, while home values remain comparatively accessible for the region. In practice, this mix points to a market where ownership costs are not prohibitive, so rental strategies may emphasize value, convenience, and lease management to balance renewal retention against potential competition from entry-level ownership.
Comparable, recent crime data at the neighborhood level is not available from WDSuite for this location. Investors typically benchmark safety using city or county resources and on-the-ground diligence to understand patterns and their trajectory over time. Use consistent methodology when comparing this neighborhood to others in the Plattsburgh metro.
Employer proximity details with reliable distance measurements were not available from WDSuite for this address at the time of publication. Investors may wish to supplement with local employer surveys and commute-time mapping to gauge workforce access and leasing resilience.
186 Rugar St offers a 24-unit, 1987-vintage asset in an inner-suburban pocket that ranks among the stronger neighborhoods in the Plattsburgh metro. Neighborhood occupancy hovers above 90% with an upward multi-year trend, and rents have advanced from mid-cycle levels without overshooting regional affordability. The 3-mile radius shows rising household counts alongside smaller average household sizes, which can broaden the renter pool and support day-to-day leasing stability.
The vintage is newer than the local average, providing competitive positioning versus older stock while leaving room for targeted value-add through system upgrades and cosmetic refresh. According to CRE market data from WDSuite, service-oriented amenities (notably pharmacies) are a relative strength, while limited parks and cafés suggest the asset competes more on convenience and value than lifestyle offerings.
- Stable neighborhood occupancy with positive multi-year direction supports baseline leasing and renewal performance.
- 1987 construction offers competitive standing versus older local stock, with scope for targeted renovations.
- 3-mile radius shows growing household counts and smaller sizes, expanding the tenant base for smaller-format units.
- Mid-range rent positioning and accessible home values call for disciplined pricing and lease management to offset ownership competition.
- Risk: Limited lifestyle amenities nearby may cap premium positioning; underwriting should emphasize operations, unit quality, and convenience.