| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 24th | Fair |
| Demographics | 36th | Poor |
| Amenities | 55th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 180 Webster St, Malone, NY, 12953, US |
| Region / Metro | Malone |
| Year of Construction | 1985 |
| Units | 32 |
| Transaction Date | 2011-10-01 |
| Transaction Price | $777,323 |
| Buyer | NO COUNTRY HOUSING |
| Seller | WEBSTER MANOR ASSOCIATES |
180 Webster St Malone NY Multifamily Investment
Neighborhood renter-occupied share trends in the top quartile nationally support a durable tenant base, according to WDSuite s CRE market data. This commercial real estate analysis points to steady workforce demand even as overall occupancy in the area has been mixed.
Amenity access is competitive among Malone, NY neighborhoods (ranked 2 out of 35 locally), with pharmacies and parks scoring above national midpoints, according to WDSuite s CRE market data. While cafes are sparse, everyday services like grocery options are represented near the area median for the metro. For investors, this mix suggests day-to-day convenience that supports leasing while not commanding core-urban pricing.
The neighborhood s renter-occupied housing share sits above the metro median (ranked 6 of 35) and in the top quartile nationally, indicating depth in the local renter pool and a broader base for multifamily absorption. Median asking rents are modest relative to national levels, and the neighborhood-level rent-to-income ratio trends below national norms, which can reduce affordability pressure and aid lease retention.
Within a 3-mile radius, demographics show a slight population contraction over the last five years alongside a small increase in total households and a decline in average household size. For multifamily, a growing household count with smaller household sizes often points to demand for smaller formats and supports occupancy stability for efficiently sized units.
Vintage context matters: the property was built in 1985, newer than the neighborhood s early-20th-century average building stock. That relative youth can be a competitive advantage versus older inventory, while still warranting selective modernization to enhance rents and reduce near-term capital surprises. School ratings trend low nationally, which may temper some family-driven demand, but the area s everyday amenity coverage and renter concentration help underpin workforce-oriented leasing.
Comparable crime data for this neighborhood are not available in WDSuite s current release. Investors typically benchmark safety using multiple sources and broader regional references (town, county, and state) to understand trend direction and how it compares to peer neighborhoods. As with any submarket diligence, align security measures and resident communications with observed conditions and property operations.
WDSuite s dataset does not provide nearby employer locations with reliable distance measures for this address. The local economy includes a mix of public sector, healthcare, and service employment typical of the region, which can support workforce housing demand; investors should supplement with on-the-ground employer mapping.
This 32-unit asset (built 1985) offers relatively modern vintage versus much of the surrounding housing stock, creating a competitive position against older properties while leaving room for targeted upgrades. Neighborhood renter concentration trends high and median rents remain modest, supporting a broad tenant base and potential for disciplined revenue management; according to CRE market data from WDSuite, neighborhood occupancy has been mixed, so hands-on leasing and renewal strategies will matter.
Within a 3-mile radius, households have inched higher even as population edged down, signaling smaller household sizes and a steady need for right-sized, efficient units a favorable match with the property s average unit size. Ownership costs in the area are comparatively accessible, which can create some competition with entry-level ownership, but also keeps rent-to-income ratios manageable, aiding retention. Near-term risk centers on maintaining occupancy and pacing renovations to resident affordability.
- Competitive 1985 vintage versus older neighborhood stock, with selective modernization upside
- High renter-occupied share indicates depth in the tenant base and supports absorption
- Modest rents and manageable rent-to-income dynamics support retention and pricing discipline
- Household growth within 3 miles and smaller household sizes align with efficient unit demand
- Risk: neighborhood occupancy has been mixed; performance depends on leasing execution and timing of upgrades