| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 30th | Good |
| Demographics | 14th | Poor |
| Amenities | 36th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 15 Woodland Dr, Tupper Lake, NY, 12986, US |
| Region / Metro | Tupper Lake |
| Year of Construction | 1994 |
| Units | 21 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
15 Woodland Dr, Tupper Lake NY — 21-Unit Multifamily
Built in 1994, this 21-unit asset is newer than much of the area s housing stock and positioned for steady renter demand in a rural submarket, according to WDSuite s CRE market data.
The property sits in a rural neighborhood of the Malone, NY metro that carries a B- rating and ranks around the metro median (18 of 35 neighborhoods), per WDSuite. Local occupancy is a neighborhood metric and has trended modestly higher in recent years, signaling improving leasing conditions even as levels remain below large-metro norms.
Within a 3-mile radius, roughly one-third of housing units are renter-occupied, indicating a meaningful renter-occupied tenant base for a 21-unit community and supporting day-to-day leasing and renewal activity. Population has contracted in recent years, but WDSuite s data indicates a near-term outlook that points to stabilization and a modest recovery in the local renter pool, which can help support occupancy stability.
Amenities are limited in this low-density setting, though neighborhood access to pharmacies and parks trends above the national median, while groceries track near national mid-range. For investors, this mix suggests a car-oriented, value-seeking resident profile and opportunities to compete on convenience, management quality, and in-unit features rather than proximity to cafes or childcare.
Home values in the neighborhood are relatively low in national context. That ownership landscape can introduce some competition with entry-level buying, but it also underscores the role of professionally managed rentals for households prioritizing flexibility. Balanced pricing and resident experience are key to retention in this commercial real estate analysis of a small-market setting.
Comparable safety metrics for this specific neighborhood are not available in WDSuite s dataset. Investors typically benchmark conditions using town or county trend data and on-the-ground property management observations. Without neighborhood-ranked figures, it s prudent to underwrite to market-typical risk controls (lighting, access management, resident screening) and monitor local trend reports for directional changes over time.
This 1994-vintage, 21-unit property is newer than the area s average housing stock, providing a competitive edge versus older inventory while still offering potential value-add through targeted modernization of interiors and building systems. Neighborhood occupancy (a neighborhood-level metric, not the property) has improved recently, and the 3-mile area shows a meaningful share of renter-occupied units that can support ongoing leasing. According to CRE market data from WDSuite, the submarket s small-town pricing context suggests residents prioritize affordability and practicality, favoring well-managed, functional units over amenity-heavy offerings.
Key considerations include operating in a small, rural market with thinner demand depth and limited amenity density. Low ownership costs can compete with rentals, so rent strategies should emphasize value, reliability, and renewal management. The combination of a relatively newer build, manageable scale, and a renter base that relies on professionally managed housing supports an income-focused hold with selective upgrades.
- 1994 construction offers relative competitiveness vs. older neighborhood stock with room for modernization upside
- Neighborhood occupancy has shown recent improvement, supporting leasing stability at the submarket level
- Around one-third renter-occupied units within 3 miles points to a viable tenant base for a 21-unit asset
- Value-oriented market dynamics favor operations focused on resident experience and renewal management
- Risks: small-market demand depth, limited amenities, and ownership alternatives may temper pricing power