| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 39th | Good |
| Demographics | 57th | Good |
| Amenities | 17th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 14 Priscilla Ln, Rouses Point, NY, 12979, US |
| Region / Metro | Rouses Point |
| Year of Construction | 1987 |
| Units | 20 |
| Transaction Date | 2016-12-08 |
| Transaction Price | $350,000 |
| Buyer | SPIRATOS ODYSSEAS |
| Seller | APARTMENTS LAKEWOOD ESTATES |
14 Priscilla Ln 20-Unit Rouses Point Multifamily
Neighborhood fundamentals point to steady renter demand supported by household growth and a moderate renter-occupied base, according to WDSuite’s CRE market data. Occupancy trends are mixed at the neighborhood level, suggesting disciplined leasing and asset management will matter.
Rouses Point sits within the Plattsburgh, NY metro and scores a B+ neighborhood rating, ranking 15th of 50 — competitive among Plattsburgh neighborhoods. The area is rural with limited cafe, grocery, and park density, but restaurant availability (ranked 9th of 50) and pharmacy access (6th of 50) are relative strengths for daily needs.
Schools are a bright spot: the neighborhood’s average school rating is 4.0/5 and ranks 1st out of 50 in the metro, placing it in the top quartile nationally. For family-oriented renters, stronger schools can support retention and limit turnover.
Neighborhood occupancy is 86.8% with a rank of 37 out of 50 — below the metro median — indicating some lease-up and retention work may be needed to sustain stability. That said, the share of units that are renter-occupied ranks 9th of 50 and sits in the 74th percentile nationally, signaling a meaningful renter base to draw from.
Home values sit below national medians (36th percentile), and the value-to-income ratio ranks 3rd of 50 locally, indicating a relatively accessible ownership market. For investors, that can introduce competition from for-sale options; pricing power may depend more on asset quality and management than on constrained supply. Rent-to-income is comparatively manageable (72nd percentile nationally), which can support renewal rates and reduce affordability pressure.
Within a 3-mile radius, population grew about 20% over the last five years and households rose roughly 19%, with forecasts calling for continued population growth and a larger increase in household count over the next five years. Shrinking average household size points to more households overall, which expands the tenant pool and can support occupancy stability for well-positioned assets.
The neighborhood’s housing stock skews older (average vintage 1939), so a 1987 property has a relative competitive edge versus much of the local inventory, while still warranting attention to aging systems and modernization to meet renter expectations.
Comparable safety metrics for this neighborhood are not available in WDSuite’s dataset. Investors typically benchmark property-level risk using local law enforcement summaries and municipal reports, then compare trends to the broader Plattsburgh metro for context.
14 Priscilla Ln is a 20-unit, 1987-vintage asset positioned in a rural submarket with a renter base that ranks among the stronger shares in the metro and sits above the national median. Within a 3-mile radius, recent population and household growth — alongside forecasts for additional household expansion and smaller household sizes — point to a larger tenant base and support for occupancy over the medium term. Strong school quality further underpins retention for family-oriented renters.
According to CRE market data from WDSuite, neighborhood occupancy trends are below the metro median, suggesting lease-up discipline and asset-level improvements may be important. With homeownership relatively accessible locally, competitive positioning will hinge on unit finishes, management, and value-add execution to differentiate from both older rental stock and entry-level for-sale options.
- 1987 vintage offers modernization/value-add potential versus older neighborhood stock
- 3-mile population and household growth expand the renter pool, supporting occupancy
- Strong local school ratings support family renter retention
- Manageable rent-to-income profile aids renewal prospects and lease stability
- Risk: below-metro occupancy and accessible ownership require competitive pricing and proactive leasing