| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 44th | Best |
| Demographics | 33rd | Poor |
| Amenities | 13th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 258 Champion St, Carthage, NY, 13619, US |
| Region / Metro | Carthage |
| Year of Construction | 1988 |
| Units | 65 |
| Transaction Date | 2011-10-01 |
| Transaction Price | $777,323 |
| Buyer | NORTH COUNTRY HOUSING |
| Seller | CARTHAGE COURT HOUSING COMPANY |
258 Champion St Carthage Multifamily Opportunity
Neighborhood occupancy is strong and renter demand is supported by a sizable renter-occupied housing base, according to WDSuite’s CRE market data. This positioning favors steady operations for a well-managed asset in Jefferson County.
Located in suburban Carthage within the Watertown–Fort Drum metro, the neighborhood posts above-median occupancy among 68 metro neighborhoods and sits in the top quartile nationally for occupancy, indicating stable leasing conditions. Renter-occupied housing accounts for a meaningful share of units in the neighborhood, reinforcing depth of the tenant base for multifamily owners.
Household dynamics within a 3-mile radius show households increased even as population was roughly flat over the last five years, which points to smaller household sizes and a broader pool of renters entering the market. Forward-looking estimates for the next five years indicate growth in both population and households within the same 3-mile radius, supporting a larger tenant base and potential occupancy stability for professionally operated assets.
Ownership costs are relatively accessible for the region, which can create some competition with for-sale options. However, neighborhood rent-to-income levels are moderate, which can aid lease retention and day-to-day affordability management for operators. Median asking rents in the area remain below major metro benchmarks, and according to WDSuite’s CRE market data, neighborhood occupancy ranks above the metro median, signaling demand consistency despite modest pricing power.
Local amenities are limited compared with metro peers (cafes, parks, and childcare density rank in the lower half of the 68-neighborhood set), while grocery access is closer to the metro middle. School ratings trend below national averages, which investors should weigh when targeting family-oriented renter segments. Overall, the neighborhood earns a B- rating with amenity and school trade-offs balanced by solid occupancy fundamentals and a renter concentration supportive of workforce housing demand.
Based on WDSuite’s data, the neighborhood’s safety profile is above the national median, with overall crime performance in the 64th percentile nationwide. Within the Watertown–Fort Drum metro, the area is around the middle of the pack (ranked 36 out of 68 neighborhoods). Violent offense measures are comparatively favorable, sitting in the 75th percentile nationally, and recent year-over-year trends show improvement, which supports renter retention and property operations without making block-level claims.
Built in 1988, the property is newer than much of the local housing stock (the neighborhood’s average construction year skews older), which helps competitive positioning versus legacy assets while leaving room for selective modernization to enhance rents and reduce near-term capital risk. Occupancy in the neighborhood is above the metro median and top quartile nationally, and rent-to-income levels are moderate, supporting day-to-day affordability and lease stability, according to CRE market data from WDSuite.
Within a 3-mile radius, households increased even as population was roughly flat, and projections indicate growth ahead—factors that can widen the tenant funnel and support stabilized operations. Key watch items include limited amenity density and below-average school ratings, as well as potential competition from relatively accessible homeownership, which may temper pricing power at the upper end.
- Occupancy above metro median and top quartile nationally supports steady leasing
- 1988 vintage offers relative competitiveness vs. older stock with optional value-add
- 3-mile household growth and projected expansion broaden the renter base
- Moderate rent-to-income levels aid retention and operational stability
- Risks: limited amenity density, lower school ratings, and ownership alternatives may cap pricing power