| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 47th | Best |
| Demographics | 57th | Best |
| Amenities | 61st | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 170 Conger Ave, Watertown, NY, 13601, US |
| Region / Metro | Watertown |
| Year of Construction | 1986 |
| Units | 34 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
170 Conger Ave, Watertown NY Multifamily Investment
Stabilizing renter demand and a high renter-occupied share in the surrounding neighborhood support consistent leasing, according to WDSuite 7s CRE market data. This location offers pragmatic upside for disciplined operators focused on occupancy management and value-add execution.
170 Conger Ave sits in a suburban pocket of Watertown with a strong neighborhood profile (A+ rating), ranking 2nd among 68 metro neighborhoods 14a top-quartile position locally. Amenity access trends above national medians, with cafes and everyday retail density landing in the upper half nationwide, which helps sustain daily convenience for residents and supports retention.
Neighborhood occupancy is above the metro median, and renter-occupied housing is substantial (high renter concentration), indicating a deep tenant base for multifamily. Median contract rents in the neighborhood are above the national midpoint, while the rent-to-income ratio of roughly one-quarter suggests manageable affordability pressure 14favorable for lease stability and renewal strategies.
Within a 3-mile radius, households have grown even as average household size has edged down, expanding the potential renter pool. Looking ahead to the current forecast window, households are projected to increase further by 2028, which can translate into a larger tenant base and support for occupancy. These dynamics, paired with modest home values for the region, imply that some residents have accessible ownership options, so competitive positioning and amenity-forward operations remain important to sustain pricing power.
The 1986 vintage is newer than the neighborhood 7s mid-century average, offering relative competitiveness versus older stock. Investors should still plan for targeted modernization and building systems upkeep to preserve rentability and protect NOI.
Safety indicators for the neighborhood trend below national medians, based on WDSuite 7s CRE market data. Property offense rates sit in a lower national percentile, while violent offense metrics are also below the national midpoint; however, estimated property offenses declined by roughly low double digits over the past year, signaling some near-term improvement. Investors commonly address this profile with proactive security measures, resident screening, and exterior lighting to support tenant satisfaction and retention.
This 34-unit, 1986-vintage asset benefits from a renter-heavy neighborhood, above-median local occupancy, and amenity access that outperforms national medians. The property 7s newer vintage relative to surrounding mid-century stock helps competitive positioning, while measured capital improvements can support rentability and NOI growth. According to CRE market data from WDSuite, neighborhood-level rents and occupancy are directionally supportive of steady leasing, with a 3-mile radius showing household growth and smaller household sizes that expand the renter pool.
Counterbalancing factors include safety metrics that track below national norms and an ownership landscape with relatively modest home values for the region, which can introduce competition for some renter cohorts. Execution emphasis on resident experience, unit finishes, and operational controls should help sustain occupancy and mitigate retention risk.
- Renter-heavy neighborhood and above-metro-median occupancy support demand depth
- 1986 vintage is competitive versus older local stock; targeted upgrades can drive rentability
- 3-mile household growth and smaller household sizes expand the tenant base
- Amenity access above national medians aids retention and leasing stability
- Risks: below-median safety metrics and ownership alternatives require competitive positioning