| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 39th | Good |
| Demographics | 57th | Good |
| Amenities | 17th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 133 Lake St, Rouses Point, NY, 12979, US |
| Region / Metro | Rouses Point |
| Year of Construction | 1975 |
| Units | 29 |
| Transaction Date | 1995-10-31 |
| Transaction Price | $510,000 |
| Buyer | BABBIE GARY L |
| Seller | BAKER RICHARD A |
133 Lake St Rouses Point Multifamily Investment
Stabilized renter demand in a rural submarket with modest rents and strong local schools, according to WDSuite s CRE market data, supports steady occupancy and lease retention potential.
Rouses Point is a rural neighborhood within the Plattsburgh, NY metro, offering a quieter environment with limited retail density but essential services nearby. Amenity access is thinner than urban peers, while pharmacy availability ranks competitively (6th of 50 metro neighborhoods), signaling basic conveniences even as cafes, groceries, and parks are sparse. Average school ratings are a relative strength .0 out of 5 and ranked 1st among 50 metro neighborhoods placing the area in the top quartile nationally for education quality.
Neighborhood occupancy is below the metro median (ranked 37 of 50), which suggests investors should emphasize leasing execution and renewal management. By contrast, renter concentration within the neighborhood is higher relative to the metro (renter-occupied share ranked 9 of 50), indicating a deeper tenant base for multifamily assets. Median home values sit below many coastal markets, and the value-to-income ratio ranks 3rd of 50 metro neighborhoods, which typically tempers pricing power but can still sustain steady demand for well-positioned rental product. Rent-to-income in the neighborhood is measured at 0.12, indicating relatively low affordability pressure and supporting lease retention.
Demographic statistics aggregated within a 3-mile radius point to a larger tenant base over time. Population grew materially in the prior five years and is projected to expand further by 2028, while households are expected to increase at a faster clip than population, implying smaller household sizes and support for rental demand. This trajectory, paired with a renter share near parity with owners at the 3-mile view, underpins demand stability for workforce-oriented units.
From a vintage perspective, the property 1975 construction is newer than the neighborhood s older housing stock (average vintage 1939). That positioning can reduce immediate systems risk versus pre-war assets, while still leaving room for targeted value-add and modernization to compete effectively. These neighborhood dynamics align with cautious, fundamentals-first multifamily property research and suggest steady but management-driven performance potential, according to WDSuite s commercial real estate analysis.
Comparable crime metrics for this neighborhood are not available in the dataset provided. Without ranked or percentile indicators relative to the 50 metro neighborhoods or national baselines, investors should rely on local reporting trends and jurisdictional sources to contextualize safety and to inform leasing strategy and operating policies.
This 29-unit asset at 133 Lake St offers exposure to a rural submarket where renter demand is supported by a higher neighborhood renter-occupied share relative to the metro and strong local school performance. The 1975 vintage is newer than the area s average housing stock, which can lower near-term capex risk versus pre-war properties while preserving value-add opportunities through selective renovations. According to CRE market data from WDSuite, neighborhood occupancy trends sit below the metro median, making hands-on leasing and renewal management important to drive stability.
At the 3-mile radius, population expansion and faster household growth point to a gradually expanding renter pool, while relatively low rent-to-income ratios support retention and steady collections. Sparse amenities in this rural setting and below-median neighborhood occupancy are the main operating considerations; execution and asset positioning will be key to sustaining performance.
- Newer-than-area vintage (1975) offers competitive positioning versus older stock with room for targeted upgrades
- Higher renter concentration in the neighborhood supports tenant-base depth and leasing continuity
- 3-mile population and household growth indicate a gradually expanding renter pool
- Low rent-to-income ratio suggests manageable affordability pressure and potential for retention
- Risk: below-metro-median neighborhood occupancy and sparse amenities require active leasing and asset positioning