| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 45th | Best |
| Demographics | 36th | Poor |
| Amenities | 26th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 916 Strawberry Ln, Clayton, NY, 13624, US |
| Region / Metro | Clayton |
| Year of Construction | 1987 |
| Units | 24 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
916 Strawberry Ln, Clayton NY Multifamily Investment
Stabilized renter demand is supported by a high-cost ownership backdrop in the neighborhood, according to WDSuite’s CRE market data, with a 1987 vintage that can compete well versus older local stock.
Clayton sits within the Watertown-Fort Drum, NY metro and shows a balanced mix of suburban convenience and small-market dynamics. Neighborhood home values trend elevated versus many U.S. areas (nationally above average), which typically reinforces reliance on rental options and supports pricing power for well-positioned multifamily. Median contract rents at the neighborhood level sit near the national mid-range, helping maintain a workable rent-to-income profile for tenants and aiding retention.
Schools stand out locally: the neighborhood s average school rating is competitive at the metro level, ranking near the top among 68 metro neighborhoods (top quartile nationally), a factor that can support longer-term tenant stickiness for family-oriented units. Pharmacy access is comparatively convenient in the immediate area (stronger than many metro peers), while restaurants and grocery options are present at modest levels. Amenity depth is not urban in character, but it aligns with suburban expectations in this part of New York.
Asset vintage and competitive set: With a 1987 construction year versus a neighborhood average circa 1952, the property is materially newer than much of the surrounding housing stock. That positioning can reduce near-term capital friction compared with older assets, though investors should still plan for system updates and selective renovations to keep pace with renter expectations.
Tenure and demand: The neighborhood shows a modest share of renter-occupied units, indicating a thinner existing renter base but less direct competition from nearby multifamily. Within a 3-mile radius, WDSuite s data indicates household growth alongside smaller average household sizes over time, which can expand the renter pool and support occupancy stability for appropriately priced units.
Affordability context: Elevated ownership costs at the neighborhood level (value-to-income well above the national median) point to a high-cost ownership market. For operators, this typically supports rental demand and lease retention, while a moderate rent-to-income profile suggests manageable affordability pressure if rent growth is balanced with tenant income trends.
Neighborhood safety trends are comparatively favorable in a regional and national context. Based on WDSuite s data, the area performs above the U.S. average on safety measures (top quartile nationally), and recent year-over-year trends show improving momentum. Within the metro, the neighborhood ranks above the median among 68 neighborhoods, indicating competitive positioning for resident peace of mind without relying on block-level claims.
Violent and property offense indicators both track better than many U.S. neighborhoods, with recent declines over the last year supporting a positive directional trend. While investors should always underwrite property-level security and operations, the broader backdrop is constructive relative to national norms.
This 24-unit, 1987-vintage asset offers relative competitiveness versus older neighborhood stock while benefiting from a high-cost ownership environment that sustains multifamily demand. Household growth within a 3-mile radius, coupled with smaller projected household sizes, points to a gradually expanding renter pool and supports occupancy stability for well-managed properties. According to commercial real estate analysis from WDSuite, neighborhood rents sit near national mid-range levels, which can help balance pricing power with retention.
Key considerations include a modest neighborhood renter concentration and lighter amenity depth than larger metros, placing a premium on targeted marketing, curb appeal, and thoughtful unit renovations. With prudent capital planning and lease management, investors can position the asset to capture steady demand from households seeking more accessible rental options in a high-cost ownership market.
- Newer 1987 vintage versus older neighborhood stock, supporting competitive positioning with selective renovation upside
- Elevated ownership costs locally reinforce renter reliance on multifamily housing and lease retention
- 3-mile household growth and smaller household sizes expand the renter pool and support occupancy stability
- Neighborhood rents near national mid-range enable balanced pricing power and tenant retention
- Risks: modest neighborhood renter concentration and limited amenity depth require focused leasing and asset management