| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 37th | Fair |
| Demographics | 41st | Poor |
| Amenities | 43rd | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 200 Mineral Springs Rd, Buffalo, NY, 14210, US |
| Region / Metro | Buffalo |
| Year of Construction | 1984 |
| Units | 20 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
200 Mineral Springs Rd Buffalo Multifamily Investment
Steady neighborhood occupancy and a deep renter base point to durable leasing fundamentals, according to WDSuite's CRE market data. Positioned for cash flow with potential value-add upside from a 1984 vintage competing against older local stock.
The property sits in an Inner Suburb pocket of the Buffalo-Cheektowaga metro with a neighborhood rating of C+ (ranked 189 of 301 metro neighborhoods). While that places it below the metro median on a composite basis, investor fundamentals are constructive: the neighborhood's occupancy rate is above the national median and has trended upward over the last five years, supporting income stability.
Renter-occupied housing accounts for a competitive share of local units (ranked 44 of 301), signaling a sizable tenant base for small and mid-size multifamily and demand depth that can aid leasing continuity.
Amenity access is mixed. Grocery options and parks test in the top quartile nationally, and restaurant density is above the national median, but cafes, childcare, and pharmacies are limited nearby. For investors, this blend supports everyday errands and recreation while implying some reliance on adjacent districts for specialty services.
Within a 3-mile radius, demographics show population and household growth alongside rising incomes, expanding the renter pool over time. Forecasts through 2028 point to further gains in households and median incomes, which can underpin rent growth and occupancy. Home values are relatively modest in context, which can increase competition from ownership; emphasizing value, design, and convenience can help sustain leasing velocity.
Safety conditions merit prudent assumptions. The neighborhood's crime rank is 80 of 301 metro neighborhoods, and national comparisons place it below the national median for safety. Recent estimates indicate year-over-year increases in both violent and property offenses. Owners often address this with targeted lighting, access control, and tenant screening to support resident retention and stabilized operations.
Nearby employment anchors include M&T Bank, McKesson, FedEx Trade Networks, UnitedHealth Group, and Thermo Fisher Scientifc. Their proximity supports renter demand through commute convenience and a diversified mix of financial, healthcare, logistics, and life sciences roles.
- M&T Bank Corp. — banking (3.9 miles) — HQ
- McKesson — healthcare distribution (4.0 miles)
- FedEx Trade Networks — logistics (6.9 miles)
- UnitedHealth Group — healthcare services (9.7 miles)
- Thermo Fisher Scientifc — life sciences (13.8 miles)
Built in 1984, this 20-unit asset is newer than much of the surrounding housing stock, offering a competitive position versus older properties while leaving room for modernization where systems or finishes have aged. Neighborhood occupancy sits above the national median and has improved in recent years, suggesting durable cash flow potential with disciplined operations.
Within a 3-mile radius, population and households are expanding with rising incomes, which supports a larger tenant base and rent growth over time. Median home values in the area are relatively modest, so ownership can compete at the margin; however, accessible rents and improving incomes can support retention with thoughtful pricing and amenity strategy. According to commercial real estate analysis from WDSuite, these dynamics align with steady renter demand and measured upside rather than outsized volatility.
- 1984 vintage competes well against older local stock, with targeted value-add potential
- Neighborhood occupancy above national median with positive multi-year trend supports income stability
- 3-mile growth in households and incomes expands the renter base and underpins rent trajectory
- Proximity to major employers (finance, healthcare, logistics) reinforces leasing demand
- Risks: safety metrics below national median, modest school ratings, and ownership competition require active management