| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 53rd | Best |
| Demographics | 32nd | Poor |
| Amenities | 61st | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 39 Oak St, Plattsburgh, NY, 12901, US |
| Region / Metro | Plattsburgh |
| Year of Construction | 1974 |
| Units | 48 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
39 Oak St, Plattsburgh NY Multifamily Investment
Stabilized renter demand and everyday convenience underpin the neighborhood, according to WDSuite’s CRE market data, suggesting durable occupancy for a 1970s-vintage, 48-unit asset in Plattsburgh.
The immediate area offers everyday necessities within close reach, with strong access to groceries and dining relative to both the metro and many U.S. neighborhoods. Grocery availability ranks near the top among 50 metro neighborhoods and dining density is similarly competitive, while parks access is also notably strong. These location fundamentals support leasing velocity and day-to-day renter satisfaction.
Neighborhood occupancy is around the metro median, and the share of renter-occupied housing units is very high compared with both the metro and nation. For investors, this high renter concentration points to a deep tenant base and supports demand stability for multifamily.
Within a 3-mile radius, households have grown in recent years and are projected to expand further, with average household size trending smaller. This combination typically widens the renter pool and can support occupancy stability as more one- and two-person households seek rental options. Median asking rents in the area remain comparatively modest, while rent-to-income ratios indicate some affordability pressure that calls for attentive lease management and measured rent growth strategies.
The asset’s 1974 construction is newer than the neighborhood’s older average stock, which can enhance competitive positioning versus pre-war buildings. That said, systems are still mid-century and may warrant targeted capital planning to capture value-add opportunities and support retention. School ratings in the area trail national norms, a factor that may be less critical for workforce-oriented properties but can influence renter mix. Overall, based on commercial real estate analysis from WDSuite, the neighborhood profile skews toward convenience-oriented, renter-heavy demand drivers.
Safety indicators are mixed and best viewed in context. The neighborhood shows comparatively favorable standing versus many U.S. areas on several property and violent offense metrics (higher national percentiles indicate safer standing), yet its rank within the Plattsburgh metro signals more crime relative to nearby neighborhoods. Recent year-over-year trends also show an uptick in violent offenses, underscoring the importance of proactive property management and security practices.
For investors, the takeaway is to underwrite with conservative assumptions, monitor local policing and community initiatives, and align on-site measures with resident expectations. This framing helps balance the neighborhood’s broader national comparatives with metro-level positioning.
This 48-unit property built in 1974 sits in a renter-heavy neighborhood with strong access to daily amenities, supporting leasing and retention. The asset’s vintage is newer than much of the surrounding housing stock, creating a positioning edge versus older buildings while still leaving room for targeted renovations and systems upgrades. According to CRE market data from WDSuite, neighborhood occupancy trends are around the metro median, and elevated ownership costs relative to incomes in the area tend to reinforce reliance on rental housing, aiding demand depth.
Within a 3-mile radius, households have increased and are projected to grow further as average household size declines—factors that typically expand the renter pool. Median rents remain comparatively modest, suggesting room for disciplined value-add strategies, though rent-to-income metrics indicate the need for careful pricing and resident retention planning.
- Renter-heavy neighborhood supports a deep tenant base and occupancy stability.
- 1974 vintage is newer than much of the local stock, with value-add potential through targeted upgrades.
- Strong proximity to groceries, dining, and parks underpins day-to-day renter convenience and leasing.
- Household growth and smaller household sizes within 3 miles indicate a growing renter pool.
- Risk: Affordability pressure and mixed safety signals call for conservative rent growth and active management.