| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 28th | Fair |
| Demographics | 45th | Fair |
| Amenities | 25th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 56 South St, West Winfield, NY, 13491, US |
| Region / Metro | West Winfield |
| Year of Construction | 1983 |
| Units | 25 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
56 South St West Winfield Multifamily Opportunity
Neighborhood-level indicators point to durable workforce renter demand and steady, mid-80s occupancy, according to WDSuite’s CRE market data. For a 25-unit asset, the rural setting supports stable tenancy while limiting near-term competitive deliveries.
West Winfield is a rural submarket within the Utica–Rome metro where day-to-day essentials are accessible but limited. Amenity access ranks 45th out of 137 metro neighborhoods—competitive among Utica–Rome neighborhoods—though national amenity density sits in lower percentiles. Parks access is a relative strength (ranked 20th of 137, top quartile metro; mid-60s percentile nationally), while cafes and pharmacies are sparse, reinforcing a quieter living profile.
At the neighborhood level, occupancy trends in the high-80s place performance below the metro median, suggesting conservative underwriting on lease-up and rollover. Median contract rents are comparatively low and rent-to-income is modest, which can aid retention but may temper near-term pricing power. The ownership market is more accessible relative to national norms, so investors should monitor potential competition from entry-level for-sale housing when setting renewal strategies.
Tenure patterns indicate a meaningful renter base at the neighborhood level (around one-third of occupied units are renter-occupied), supporting depth for a 25-unit property. Within a 3-mile radius, households increased over the past five years while average household size edged down, pointing to steady renter household formation and a broader tenant pool. Looking ahead, WDSuite’s commercial real estate analysis suggests households are projected to continue increasing in the area even as population is expected to contract, which may reflect smaller household sizes and a shift toward rental living; this supports occupancy stability but calls for careful leasing and renewal management.
The asset’s 1983 vintage is newer than much of the local housing stock (early-1900s average), providing a competitive edge versus older buildings. Investors should still budget for modernization of systems and interiors to enhance durability and capture value where feasible.
Comparable neighborhood-level safety data is not available for this location in WDSuite’s current release. Investors should evaluate county and Utica–Rome metro crime trends and property-level measures (lighting, access control, and visibility) to contextualize risk and align operations with resident expectations.
- Frontier Communications — telecommunications (20.6 miles)
This 25-unit property balances small-market stability with practical upside. The 1983 vintage is newer than much of the local stock, offering a relative quality advantage that can be enhanced with targeted renovations and system updates. Neighborhood occupancy trends in the high-80s and modest rent-to-income ratios support steady tenancy and retention, though they imply measured pricing power. Within a 3-mile radius, households have grown and are projected to continue rising even as population is expected to contract, indicating a larger renter pool and the need for disciplined lease management.
Based on CRE market data from WDSuite, amenity access is competitive within the Utica–Rome metro but limited in absolute terms, consistent with a rural profile. Homeownership remains relatively accessible versus national norms, so rental demand should be anchored by value and convenience; investors should underwrite conservatively and focus on operational efficiency and thoughtful capital improvements.
- Newer 1983 vintage versus local stock supports competitive positioning with targeted modernization
- Stable, value-oriented renter base and modest rent-to-income ratios favor retention
- Household growth within 3 miles expands the tenant pool despite projected population decline
- Risk: below-metro occupancy and limited amenities suggest conservative rent growth assumptions
- Risk: accessible homeownership locally may compete with rentals, requiring sharp pricing and service