| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 24th | Fair |
| Demographics | 36th | Poor |
| Amenities | 55th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 14827 State Route 30, Malone, NY, 12953, US |
| Region / Metro | Malone |
| Year of Construction | 1998 |
| Units | 20 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
14827 State Route 30, Malone NY Multifamily Investment
Neighborhood renter demand and occupancy appear stable for a small upstate market, according to WDSuite’s CRE market data, with positioning that favors steady leasing over outsized growth. Rents trend on the more accessible side for the region, supporting retention and a consistent tenant base.
The property sits in an A-rated neighborhood that ranks 5 out of 35 within the Malone metro, placing it in the top quartile among metro neighborhoods. For investors, that positioning suggests livability fundamentals that can support consistent leasing even as smaller upstate markets experience mixed economic signals.
Local amenity access is balanced rather than trendy: parks and pharmacies rank near the top of the metro (both 2 of 35), and grocery access is competitive (4 of 35), while café density is limited (35 of 35). These dynamics align with practical, convenience-oriented living and workforce housing demand rather than lifestyle-driven premiums.
Within a 3-mile radius, demographics indicate a renter-occupied share near one-half of housing units, which provides depth to the tenant base and supports occupancy stability. Population has trended lower over the past five years, but households have held roughly flat, and projections point to a larger number of smaller households—conditions that can expand the renter pool even if headcount softens. Median household incomes have risen, which helps underpin rent collections and lease retention.
Home values in the immediate neighborhood are on the lower end relative to national comparisons, which means ownership is more accessible than in high-cost metros. For multifamily owners, that can introduce some competition from entry-level ownership, but accessible rents and practical amenity access help sustain rental demand and limit turnover. School ratings track below national norms, so family-oriented demand may be more value-focused than premium-seeking.
Neighborhood occupancy measures have softened modestly from prior periods but remain consistent with a market that emphasizes affordability and necessity housing. Vintage matters here: with much of the broader area’s stock older than average, a 1998 asset can compete effectively on condition while still benefiting from light modernization to support rents and resident retention.
Comparable neighborhood crime statistics were not available in WDSuite for this location at the time of publication. Investors should benchmark property-level security needs and loss-prevention protocols against broader metro trends as new data becomes available.
Employer proximity data with reliable distance measures was not available in WDSuite for this address at the time of publication, so specific anchors are not listed here.
Built in 1998 and totaling 20 units with average layouts around 865 square feet, the property offers relatively newer product versus much of the surrounding housing stock. That positioning supports competitive leasing against older inventory while leaving room for targeted renovations and systems updates to drive rent and retention. According to CRE market data from WDSuite, neighborhood fundamentals show practical amenity access and an occupancy environment oriented toward steady, necessity-driven demand.
Within a 3-mile radius, the renter-occupied share is sizable and household counts are projected to increase even as population growth remains muted, implying smaller households and a broader tenant base over time. Rents remain accessible relative to incomes, which supports collections and renewals but may temper near-term pricing power; disciplined expense control and focused value-add can enhance returns in line with regional norms.
- 1998 vintage competes well versus older local stock; scope for selective upgrades
- Practical amenity access (parks, pharmacies, grocery) supports stable, workforce-oriented demand
- Sizable renter-occupied share within 3 miles broadens the tenant base and supports occupancy
- Accessible rents aid retention; revenue growth likely tied to renovation and operations
- Risks: softer school ratings, limited café density, and modest occupancy softening could cap premiums