| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 57th | Best |
| Demographics | 74th | Best |
| Amenities | 14th | Poor |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 930 Hopkins Rd, Buffalo, NY, 14221, US |
| Region / Metro | Buffalo |
| Year of Construction | 1994 |
| Units | 24 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
930 Hopkins Rd, Buffalo NY — Suburban 24-Unit Multifamily
Neighborhood occupancy signals durable renter demand in this suburban pocket, according to CRE market data from WDSuite. Investor focus centers on stability and retention potential rather than rapid lease-up narratives.
Located in a suburban setting within the Buffalo-Cheektowaga metro, the neighborhood carries a B rating and is competitive among Buffalo-Cheektowaga neighborhoods (ranked 112 out of 301). WDSuite’s CRE market data indicates neighborhood occupancy is exceptionally tight, supporting lease stability at the area level rather than at this specific property.
Livability is more car-oriented. Pharmacy access is strong (above most neighborhoods nationally), while on-neighborhood counts for cafes, groceries, parks, and restaurants are limited. Schools test well by regional standards, with the area landing in the top quartile nationally for average school rating—an attribute that can support retention for larger household tenant profiles.
Household incomes in the immediate neighborhood rank near the top locally, and median home values sit above many regional peers. For multifamily investors, this points to residents with capacity to absorb rent, but it also means ownership alternatives are comparatively accessible in this submarket—an element to monitor for competitive pressure against rental housing.
Demographic statistics aggregated within a 3-mile radius show recent population relatively steady and households projected to increase over the next five years, suggesting a gradually expanding renter pool. The 3-mile area is owner-leaning by tenure, yet a meaningful share of units are renter-occupied, indicating a defined but selective demand base for quality apartments.
Comparable neighborhood-level crime metrics are not available in this dataset for the immediate area. Investors typically benchmark neighborhood safety against city and metro trends and pair that with on-site observations and insurer/lender inputs to contextualize leasing and retention assumptions.
Proximity to established corporate offices supports commuter convenience and backstops renter demand, with employers spanning healthcare, logistics, and financial services: UnitedHealth Group, FedEx Trade Networks, M&T Bank Corp., McKesson, and Thermo Fisher Scientific.
- UnitedHealth Group — healthcare services (6.1 miles)
- FedEx Trade Networks — logistics (8.7 miles)
- M&T Bank Corp. — financial services (10.4 miles) — HQ
- McKesson — healthcare distribution (10.8 miles)
- Thermo Fisher Scientific — life sciences (11.7 miles)
Built in 1994, this 24‑unit asset offers relatively newer stock than much of the surrounding neighborhood, which can position it competitively versus older 1980s-vintage product while still warranting targeted system upgrades or light renovations to bolster rent positioning. Neighborhood-level occupancy is extremely tight, and incomes are strong, pointing to durable rent collections and retention potential, based on CRE market data from WDSuite.
Within a 3-mile radius, households are projected to rise, indicating a gradually expanding tenant base. The area is owner-leaning, so ownership options may compete with rentals; however, strong schools and car-oriented convenience can sustain demand for well-managed, quality apartments. Pricing power is supported by rent-to-income levels that suggest moderate affordability pressure, though amenity-light blocks argue for prudent lease management and unit-level differentiation.
- 1994 vintage offers competitive positioning versus older local stock, with practical modernization upside
- Tight neighborhood occupancy and high household incomes support rent stability and retention
- 3-mile households projected to increase, expanding the prospective renter base over the medium term
- Risks: owner-leaning tenure and comparatively accessible ownership options may temper rent growth
- Car-oriented amenity mix; unit upgrades and onsite services can differentiate offering