| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 45th | Best |
| Demographics | 48th | Fair |
| Amenities | 47th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 777 Main St, Cairo, NY, 12413, US |
| Region / Metro | Cairo |
| Year of Construction | 1992 |
| Units | 26 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
777 Main St, Cairo NY Multifamily Investment
Renter-occupied housing is prevalent in the surrounding neighborhood, supporting a stable tenant base according to WDSuite’s CRE market data. Recent neighborhood occupancy gains suggest improving leasing conditions, though investors should underwrite conservatively.
The property sits in a suburban pocket of Cairo where everyday needs are close at hand. Neighborhood amenity data indicate strong access to dining and essentials: restaurants rank near the top among 37 metro neighborhoods and grocery coverage is competitive, while pharmacies are also well represented. By contrast, cafes, parks, and childcare options are limited locally, which may modestly affect lifestyle appeal for some renters.
Local schools average roughly mid-to-above-median quality for the region (ranked close to the top among 37 metro neighborhoods and above the national midpoint), a supportive factor for family-oriented renters. These comparative standings offer context for retention but should be paired with property-level leasing performance when assessing durability of demand.
The neighborhood’s housing stock trends older on average (1940s vintage baseline), while this asset was built in 1992. Newer relative vintage can enhance competitive positioning versus older comparables and may temper near-term capital expenditures; investors may still plan for targeted modernization to meet current renter expectations.
Tenure patterns show a relatively high share of renter-occupied units (ranked first out of 37 metro neighborhoods and in the upper national percentiles), indicating depth in the local renter pool. This supports leasing velocity and renewals for appropriately priced units.
Home values in the area are lower than many coastal markets, which can create some competition from entry-level ownership. Even so, rent-to-income ratios signal manageable affordability pressures for many households, helping sustain demand for well-managed multifamily assets.
Comparable crime metrics for this neighborhood are not available in the current WDSuite dataset. Investors typically contextualize safety by reviewing multi-year trends at the neighborhood and county levels and comparing against nearby Greene County submarkets, in addition to on-the-ground diligence.
Regional employment is diversified, with commutable access to corporate offices that help support renter demand through steady white-collar payrolls. The list below highlights a notable nearby employer.
- IBM — technology & corporate offices (27.3 miles)
Built in 1992, this 26-unit property offers a newer-vintage alternative to an area where the neighborhood’s typical stock skews older. That relative positioning can reduce immediate capex pressure and aid competitiveness against legacy assets, while targeted upgrades can further strengthen leasing power. According to CRE market data from WDSuite, the surrounding neighborhood shows a higher renter concentration and improving occupancy momentum, supportive of demand durability at practical price points.
Local amenity access is strongest for restaurants, groceries, and pharmacies, which helps with day-to-day livability. With ownership costs relatively accessible compared with high-cost metros, underwriting should consider some competition from entry-level homebuying; however, current rent-to-income dynamics indicate manageable affordability pressure that can underpin retention with disciplined lease management.
- Newer 1992 vintage versus older neighborhood stock supports competitive positioning and moderates near-term capex
- Higher neighborhood renter-occupied share indicates depth of the tenant base and supports leasing stability
- Strong access to restaurants, groceries, and pharmacies enhances livability and retention potential
- Manageable rent-to-income dynamics support pricing discipline and renewals
- Risks: relatively modest neighborhood occupancy levels vs. national benchmarks and some competition from entry-level ownership