| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 28th | Good |
| Demographics | 64th | Best |
| Amenities | 0th | Poor |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 50 Mill St, Malone, NY, 12953, US |
| Region / Metro | Malone |
| Year of Construction | 1975 |
| Units | 50 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
50 Mill St, Malone NY Multifamily Investment
Neighborhood renter-occupied housing is prevalent and occupancy trends are competitive among Malone submarkets, according to WDSuite’s CRE market data, supporting a stable tenant base for a 50-unit asset.
The property sits in an Inner Suburb pocket of Malone rated B+ among 35 metro neighborhoods. Occupancy performance for the neighborhood ranks 6th of 35, indicating competitive leasing conditions locally, while renter-occupied housing accounts for a majority of units, which deepens the tenant pool for multifamily owners. Based on CRE market data from WDSuite, this positioning favors stable rent roll management versus weaker submarkets.
Livability is more car-oriented with limited retail and amenities in immediate proximity, so residents typically rely on broader Malone services for shopping and dining. Average school ratings in the surrounding area track well below national norms, which can influence renter profiles and unit mix strategy, but does not preclude workforce demand.
Within a 3-mile radius, recent years show a modest decline in population alongside essentially flat household counts, implying smaller average household sizes. Projections continue this pattern with a slight population contraction but an increase in total households, which can support occupancy stability as more, smaller households turn to rental options.
The local housing stock skews older (early-20th-century average), making a 1975 vintage relatively newer than much of the area. For investors, that generally means stronger competitive positioning versus very old stock, while still leaving room for targeted renovations to modernize systems and finishes as part of a value-add plan.
Comparable neighborhood-level safety data for this location is limited in the current WDSuite release. Investors typically benchmark trends at the neighborhood and metro levels and supplement with local due diligence (public reports, ownership history, insurance loss runs) to understand conditions and any recent changes.
Given the absence of consistent rank and percentile reporting for this neighborhood, treat safety as a confirm-and-verify item during underwriting rather than a modeled advantage or disadvantage.
Nearby employment is diversified across local services and regional institutions that draw commuters into Malone, supporting workforce housing demand; specific employer proximity records are not available in this data release.
This 50-unit, 1975-vintage property offers scale for on-site operations and sits in a neighborhood that ranks competitive within the Malone metro, with renter-occupied housing comprising a majority of units. According to CRE market data from WDSuite, neighborhood occupancy trends are solid relative to peers, which supports rent roll durability when paired with a broad tenant base.
Demographic data aggregated within a 3-mile radius points to a gradual population dip but steady-to-rising household counts, implying smaller household sizes and continued reliance on rental housing. The asset’s vintage is newer than much of the local housing stock, creating potential value-add upside through selective renovations, while lower local ownership costs may temper pricing power and warrant disciplined lease and retention strategies.
- Competitive neighborhood occupancy and majority renter-occupied housing support demand depth and rent roll stability.
- 1975 vintage is newer than much of the area’s stock, enabling targeted modernization and value-add positioning.
- 3-mile data shows smaller household sizes and stable household counts, reinforcing the renter pool even as population eases.
- Car-oriented location with limited nearby amenities favors residents prioritizing value and space over walkability.
- Risk: Lower home values locally can compete with rentals, so underwriting should emphasize retention and measured rent growth.