| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 37th | Good |
| Demographics | 45th | Fair |
| Amenities | 45th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 203 Oak St, Batavia, NY, 14020, US |
| Region / Metro | Batavia |
| Year of Construction | 1996 |
| Units | 41 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
203 Oak St Batavia Multifamily, 41 Units (1996)
Neighborhood occupancy is strong and has trended upward, with levels in the top quartile nationally according to WDSuite s CRE market data. For investors, this points to stable leasing fundamentals in an inner-suburban location with steady renter demand.
Batavia s inner-suburban setting delivers everyday convenience, with a notably dense mix of cafes and restaurants nearby and solid park access. At the same time, immediate access to grocery, pharmacy, and childcare within the neighborhood core appears limited, so residents likely rely on adjacent retail corridors for errands a consideration for tenant experience and retention.
The neighborhood s housing stock skews older (average construction year 1929, ranked 23rd of 38 metro neighborhoods), while this property s 1996 vintage positions it as newer than much of the competitive set. That typically supports leasing and can reduce near-term capital needs versus pre-war assets, while still allowing value-add upgrades to modernize finishes and building systems.
Occupancy in the neighborhood ranks above the metro median (top quartile nationally), a constructive indicator for revenue stability and pricing discipline over a hold period. Median rents in the area sit below national norms, and rent-to-income levels indicate manageable affordability pressure, which can aid lease retention and limit turnover risk in routine renewals.
Demographics aggregated within a 3-mile radius show households increasing despite flat population, implying smaller household sizes and a broader base of renters entering the market. Forward-looking estimates point to growth in households and incomes through the mid-term, which supports a larger tenant base and absorption capacity. Renter-occupied share is roughly two-fifths in the 3-mile area, providing depth for multifamily demand, while relatively accessible home values locally suggest some competition from ownership that operators should consider in pricing and amenity strategy.
Comparable safety data at the neighborhood level is not available in WDSuite for this area, so investors should rely on standard diligence steps (e.g., multi-year trend reviews, local reports, and property-level incident logs) to benchmark conditions against the broader Batavia, NY metro. Use consistent, like-for-like comparisons across nearby neighborhoods to understand relative trends over time.
Regional employment is diversified across telecom, distribution, healthcare, and beverage industries within commuting range, supporting renter demand for workforce housing and commute convenience. The following nearby employers help anchor the labor pool relevant to the property s renter base.
- Dish Network telecom (27.6 miles)
- Wesco Distribution distribution (29.4 miles)
- McKesson healthcare distribution (29.6 miles)
- Constellation Brands, Inc. beverage (31.0 miles)
- UnitedHealth Group healthcare services (33.8 miles)
203 Oak St offers 41 units built in 1996 a relative advantage versus an older local housing base positioning the asset competitively on functionality while leaving room for targeted upgrades. Neighborhood occupancy trends are solid and sit above metro medians, supporting revenue durability; based on CRE market data from WDSuite, the area tracks in the top quartile nationally for occupancy.
Within a 3-mile radius, households have been expanding even as population was flat, indicating smaller household sizes and a broader renter pool. Forward-looking estimates call for additional household and income growth, reinforcing demand and potential lease-up resilience. Local home values and rent levels remain accessible by national standards, which can aid retention, though operators should note some competition from ownership and a limited mix of essential retail in the immediate neighborhood.
- 1996 vintage versus older neighborhood stock supports leasing and moderates near-term capex
- Occupancy in the top quartile nationally signals stable cash flow potential
- 3-mile household growth and income gains expand the renter base and absorption
- Rents and rent-to-income levels suggest manageable affordability pressure aiding retention
- Risks: smaller metro scale, limited nearby essential retail, and potential competition from ownership alternatives