| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 37th | Good |
| Demographics | 60th | Best |
| Amenities | 53rd | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 18 Genesee St, Le Roy, NY, 14482, US |
| Region / Metro | Le Roy |
| Year of Construction | 1979 |
| Units | 80 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
18 Genesee St, Le Roy NY Multifamily Investment Opportunity
Neighborhood occupancy sits in the low-90% range, and renter concentration is modest, suggesting steady but measured tenant demand according to WDSuite s CRE market data.
The property sits within a rural neighborhood that ranks 2 out of 38 across the Batavia, NY metro competitive locally and effectively top quartile among metro neighborhoods. Nationally, amenity access trends around the middle of the pack, while essentials such as grocery and pharmacy access track above national median levels, supporting day-to-day livability for residents.
Occupancy in the neighborhood is approximately 92.2%, landing around the national midrange, which can support income stability for well-managed assets. Renter-occupied units account for roughly 27% of housing stock locally, indicating a measurable but not deep renter base that typically favors consistent leasing with prudent marketing rather than rapid lease-ups.
Construction year average for nearby housing skews older (early 20th century). With a 1979 vintage, this property is newer than much of the surrounding stock, which can be a competitive positive, though investors should still plan for typical system updates and value-add modernization consistent with late-1970s assets.
Within a 3-mile radius, demographics indicate modest population growth over the last five years and an increase in household counts, pointing to a gradually expanding tenant base. Forward-looking data shows households continuing to rise and average household size trending smaller, which can translate into steadier demand for one- and two-bedroom rentals and support occupancy stability over time.
Median home values in the neighborhood trend below national averages, and rent-to-income around 0.19 suggests relatively manageable rent burdens. For investors, that combination can support retention and reduce affordability pressure, though more accessible ownership options may temper near-term pricing power.
Comparable crime statistics for this neighborhood are not available from WDSuite at this time. Investors commonly contextualize safety by reviewing metro and county sources, tracking multi-year trends, and incorporating resident feedback during due diligence to benchmark neighborhood conditions against regional patterns.
Regional employers within commuting range contribute to a diversified workforce, supporting renter demand through commute convenience. The names below reflect corporate offices that can influence leasing stability for workforce-oriented housing.
- Dish Network corporate offices (17.6 miles)
- Wesco Distribution corporate offices (21.5 miles)
- Constellation Brands, Inc. corporate offices (22.4 miles)
- Constellation Brands corporate offices (27.0 miles) HQ
- Thermo Fisher Scientific In Fairport Ny corporate offices (31.0 miles)
Built in 1979 with 80 units, the asset offers relative competitive positioning versus older neighborhood stock, with potential value-add and capital planning opportunities typical for late-1970s construction. Neighborhood occupancy around 92.2% and a renter share near the upper-20s suggest steady demand, while below-national home values and a measured rent-to-income profile point to retention support. According to CRE market data from WDSuite, the area s livability signals notably everyday amenities and schools near national mid-to-upper ranges reinforce tenant appeal without relying on premium urban pricing.
Within a 3-mile radius, modest population growth and rising household counts expand the tenant base, with forecasts indicating continued household growth and smaller average household sizes. For investors, these dynamics can underpin occupancy stability and leasing consistency, while more accessible ownership options argue for disciplined rent setting and continued focus on product differentiation through renovations and management.
- 1979 vintage offers value-add and modernization potential versus older nearby stock
- Neighborhood occupancy around the low-90% range supports cash flow stability with effective operations
- Expanding household counts within 3 miles point to a gradually growing renter pool
- Everyday amenities and school ratings near national mid-to-upper ranges bolster renter appeal
- Risk: More accessible ownership alternatives and an upper-20s renter concentration can temper pricing power, requiring disciplined rent strategy and ongoing capital planning