| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 58th | Best |
| Demographics | 60th | Good |
| Amenities | 74th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 410 Hartford Rd, Buffalo, NY, 14226, US |
| Region / Metro | Buffalo |
| Year of Construction | 1999 |
| Units | 64 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
410 Hartford Rd, Buffalo Multifamily Opportunity
Neighborhood multifamily occupancy is strong and has trended higher in recent years, according to WDSuite’s CRE market data, supporting income stability for well-positioned assets.
Positioned in an Inner Suburb of the Buffalo-Cheektowaga metro, 410 Hartford Rd benefits from a neighborhood rated “A” (ranked 16 among 301 metro neighborhoods), signaling competitive fundamentals for multifamily investors. Local occupancy is elevated versus the metro and sits in the upper tier nationally, pointing to durable renter demand rather than lease-up risk.
Day-to-day convenience is a strength: dining and groceries are dense for the area, with restaurants and supermarkets scoring in the top quartile nationally, while parks and pharmacies are also above national medians. Childcare options are limited nearby, which can modestly narrow the target renter profile. Average school ratings are below national medians, an underwriting consideration for family-oriented product.
The renter-occupied share of housing units is roughly half and above the metro median, indicating a deep tenant base and reinforcing demand for professionally managed rentals. Median contract rents are mid-market locally, and rent-to-income levels suggest manageable affordability pressure, which can aid retention and measured pricing power.
Within a 3-mile radius, demographics point to a stable-to-expanding renter pool: households have grown even as average household size edged down, and five-year projections call for meaningful household growth. For investors, that implies a larger tenant base and support for occupancy and leasing velocity. Median home values in the neighborhood are lower compared with national norms, which can introduce some competition from ownership; however, this also supports steady interest in rental options among residents prioritizing flexibility or lower upfront costs.
Built in 1999, the asset is newer than the neighborhood’s average vintage from the 1970s. That relative youth supports competitive positioning versus older stock, while investors should still plan for targeted system updates or cosmetic refreshes to maintain leasing appeal.
Comparable safety insights specific to this neighborhood are not available from WDSuite for publication. Investors commonly benchmark property-level risk by reviewing multi-year trends at the neighborhood and metro levels, and by comparing against similar Inner Suburb locations within the Buffalo-Cheektowaga region. Use standard diligence steps and seek corroborating public sources to establish directional context.
Nearby corporate employers help anchor weekday demand and support retention through commute convenience. Key nodes within a 3–10 mile band include healthcare services, logistics, banking, and life sciences offices.
- UnitedHealth Group — healthcare services (3.6 miles)
- FedEx Trade Networks — logistics (6.0 miles)
- FedEx Trade Networks — logistics (6.4 miles)
- M&T Bank Corp. — banking (7.6 miles) — HQ
- Thermo Fisher Scientifc — life sciences (9.5 miles)
410 Hartford Rd combines neighborhood strength with practical rent levels. The submarket ranks among the top performers within Buffalo-Cheektowaga, and neighborhood occupancy trends remain elevated relative to metro norms, supporting income durability. Within a 3-mile radius, households have been increasing and are projected to expand further, implying a larger tenant base and support for occupancy stability and leasing velocity.
Constructed in 1999, the property is newer than much of the local housing stock, which can enhance competitive positioning versus older assets. According to CRE market data from WDSuite, nearby amenities are plentiful, while school ratings skew below national medians and ownership costs are comparatively lower—factors to consider when targeting renter profiles and setting renewal strategies. Overall, the asset’s location fundamentals, renter concentration above the metro median, and manageable rent-to-income dynamics align with a steady, operations-focused thesis.
- Strong neighborhood ranking within the metro supports durable renter demand and occupancy stability.
- 1999 vintage offers relative competitiveness versus older stock with selective upgrade potential for modernization.
- Household growth within a 3-mile radius expands the tenant base, aiding leasing velocity and retention.
- Amenity density (dining, grocery, parks) supports livability and rentability for workforce and professional renters.
- Risks: below-median school ratings, limited nearby childcare, and comparatively accessible ownership options may narrow certain renter segments and require targeted marketing.