| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 28th | Best |
| Demographics | 53rd | Best |
| Amenities | 30th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 5590 River St, Lowville, NY, 13367, US |
| Region / Metro | Lowville |
| Year of Construction | 1978 |
| Units | 82 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
5590 River St Lowville NY 82-Unit Multifamily
Renter concentration in the surrounding neighborhood supports a deeper tenant base and steadier leasing, according to WDSuite’s CRE market data.
Positioned in Lowville’s suburban fabric, the property benefits from a neighborhood that ranks competitively within Lewis County (A-rated, 2 of 21). Essentials and dining density are among the strongest in the county, with grocery and restaurant availability performing above the metro median, while parks, pharmacies, cafes, and childcare options are thinner — a typical tradeoff in lower-density markets.
Neighborhood occupancy trends track below national norms, which places more emphasis on disciplined leasing and renewals to sustain performance. Offsetting this, the share of renter-occupied housing is high both in the county context and nationally, indicating meaningful depth in the local tenant pool for multifamily assets.
Within a 3-mile radius, household sizes skew larger than the national average and educational attainment sits near mid-national levels, suggesting demand for practical unit mixes and steady workforce housing needs. Household incomes trend below national medians, so positioning on value and service consistency can support retention and occupancy stability over time.
Home values in the area are comparatively lower than national norms, which can increase competition from entry-level ownership. At the same time, rent-to-income ratios are moderate, helping support leasing durability; careful rent management and resident experience can preserve pricing power without elevating turnover risk.
Comparable, property-level crime statistics were not reported in WDSuite for this neighborhood period, so investors should benchmark safety using county and regional trends, along with recent comp assets. Given the area’s overall strong local rank within Lewis County, on-the-ground diligence — including local law enforcement context and recent incident history — is recommended to calibrate underwriting assumptions.
Built in 1978, this 82-unit asset is newer than much of the surrounding housing stock, offering a competitive position versus older properties while still presenting potential value-add through targeted system updates and common-area improvements. A high renter-occupied share in the neighborhood points to a deeper tenant base, and, according to CRE market data from WDSuite, rent levels relative to incomes indicate room for disciplined rent management without overextending affordability.
Local essentials and dining access are strong for the county, reinforcing day-to-day livability, even as overall occupancy trends sit below national norms. Investors should weigh the supportive renter base and practical demand drivers against modest amenity gaps and potential competition from comparatively accessible homeownership.
- 1978 vintage: newer than neighborhood average, with value-add potential via modernization
- High renter-occupied share supports tenant depth and leasing stability
- County-competitive access to groceries and restaurants enhances livability
- Moderate rent-to-income dynamics support retention and pricing discipline
- Risks: below-national occupancy signals lease-up and renewal execution is critical; limited parks/pharmacy options and accessible homeownership can add competitive pressure