| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 28th | Good |
| Demographics | 64th | Best |
| Amenities | 0th | Poor |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 215 Elm St, Malone, NY, 12953, US |
| Region / Metro | Malone |
| Year of Construction | 1975 |
| Units | 78 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
215 Elm St, Malone NY Multifamily Investment
Renter-occupied housing is prevalent in the surrounding neighborhood, supporting a consistent tenant base and smaller-format unit demand, according to WDSuite’s CRE market data. Near-term performance should hinge on lease management and positioning rather than amenity-driven premiums.
This Inner Suburb neighborhood in Malone ranks competitive among 35 metro neighborhoods (ranked 13 of 35, B+ overall), signaling balanced fundamentals rather than a purely convenience- or amenity-led story. WDSuite indicates a high share of renter-occupied units locally, which typically supports leasing depth for smaller floor plans.
Livability is driven more by local services than density of cafes or retail; amenity density scores near the bottom of the metro and below national norms. Average school ratings track well below national benchmarks, which may limit family-focused demand but is less material for studio-heavy product. Median household income in the neighborhood outperforms many peer areas, while the rent-to-income profile points to manageable affordability pressure and potential for steady retention.
Vintage context matters: the average neighborhood housing stock skews early-1900s. At 1975 construction, the property is newer than much of the surrounding inventory, offering relative competitiveness versus older stock; investors should still underwrite ongoing system upgrades and selective modernization. This framing aligns with practical multifamily property research rather than amenity-driven positioning.
Within a 3-mile radius, WDSuite shows a modest population decline over the last five years alongside a small dip in household size. Forward-looking estimates indicate stability to slight contraction in population with continued right-sizing of households, which can sustain a steady renter pool for efficient units and support occupancy stability for workforce-oriented properties.
Home values in the neighborhood are low relative to national levels, indicating a more accessible ownership market. For investors, that can temper pricing power at the margin but also supports leasing velocity for well-priced apartments that deliver convenience and predictable operating costs. Effective positioning and cost control remain the primary levers.
Neighborhood-level crime statistics are not available in WDSuite for this location. Investors typically benchmark safety using village and county trend data and confirm through third-party sources and on-site diligence. Positioning should emphasize well-lit common areas, access control, and standard property management practices to support resident comfort and retention.
Built in 1975 with 78 units averaging about 330 square feet, the property aligns with demand for efficient floor plans in a neighborhood with a high renter-occupied share. According to CRE market data from WDSuite, local occupancy is steady and incomes are supportive, while low home values suggest ownership remains accessible—requiring disciplined pricing and retention-focused operations rather than outsized rent premiums.
The asset’s vintage is newer than much of the surrounding early-1900s housing stock, creating a relative quality advantage; investors should still plan for ongoing capital to modernize systems and finishes. Limited amenity density and below-average school ratings point to workforce and single-occupant demand drivers, where convenience, value, and predictable operations are the competitive edge.
- Strong renter base supports leasing depth for smaller-format units
- Relative quality edge versus older neighborhood housing stock
- Manageable rent-to-income dynamics favor retention over premium pricing
- Risk: low amenity density and weak school ratings may cap rent growth potential
- Risk: accessible ownership can increase competition, requiring disciplined leasing strategy