| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 42nd | Good |
| Demographics | 70th | Best |
| Amenities | 26th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 3294 State St, Caledonia, NY, 14423, US |
| Region / Metro | Caledonia |
| Year of Construction | 1987 |
| Units | 25 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
3294 State St Caledonia 25-Unit Multifamily Opportunity
Neighborhood occupancy runs above the Rochester metro median and affordability appears supportive of retention, according to CRE market data from WDSuite; note that these metrics reflect the neighborhood, not this specific property.
Caledonia sits within the Rochester, NY metro and is classified as a rural neighborhood with a B+ neighborhood rating. The area is competitive among Rochester neighborhoods (ranked 105 out of 359) and trends above the national median on several investor-relevant indicators, based on WDSuite s CRE market data.
Occupancy in the neighborhood is above the metro median and sits above the national median as well, which can support income stability during hold periods. Renter concentration is around the middle of the national range, indicating a balanced pool of renter-occupied units that can provide tenant depth without overreliance on transient demand.
Within a 3-mile radius, population and households have grown over the past five years and are projected to continue expanding, pointing to a larger tenant base over time. Average school ratings land in the top quartile nationally, which can aid long-term household retention. Amenities are thinner locally (amenity access tracks below national norms), so residents may rely on nearby towns for dining and services a factor to consider in marketing and positioning.
Ownership costs in the area are relatively accessible compared with many U.S. submarkets, which can introduce some competition from homeownership. At the same time, neighborhood rent-to-income levels trend in the top quartile nationally for affordability, reinforcing lease retention and reducing turnover pressure in professionally managed multifamily.
Neighborhood-level crime data sufficient for ranking was not available in WDSuite for this location, so no comparative rank among the Rochester metro s 359 neighborhoods is shown. Investors should contextualize property security with broader municipal statistics and observe on-the-ground indicators (lighting, access control, visibility) rather than drawing block-level conclusions.
As with any rural setting, monitoring trends over time and coordinating with local law enforcement can help inform operating practices and resident communications without over-interpreting small-sample fluctuations.
Regional employers within commuting range support renter demand through steady white-collar and industrial employment, offering commute convenience for workforce and professional tenants. Notable nearby employers include Dish Network, Wesco Distribution, Constellation Brands, and Thermo Fisher Scientific.
- Dish Network telecommunications (11.7 miles)
- Wesco Distribution industrial distribution (17.6 miles)
- Constellation Brands, Inc. beverage/alcohol offices (17.7 miles)
- Constellation Brands beverage/alcohol corporate (20.4 miles) HQ
- Thermo Fisher Scientific life sciences manufacturing (24.7 miles)
Built in 1987 with 25 units, the property offers mid-1980s vintage characteristics that can support a focused value-add program upgrades to interiors, building systems, and curb appeal may unlock rent premiums while remaining competitive against older local stock. Neighborhood occupancy trends sit above the metro median and above the national median, and rent-to-income metrics indicate favorable affordability that can support retention and stable collections, per WDSuite s commercial real estate analysis.
Within a 3-mile radius, population and household growth over the past five years, alongside continued near-term expansion, suggest a gradually enlarging renter pool. Solid school ratings (top quartile nationally) aid long-term stability. While ownership remains relatively accessible in this area introducing some competition for renters the combination of rural quiet, commute access to regional employers, and manageable rent burdens can underpin steady leasing performance.
- 1987 vintage supports targeted renovations for rent and NOI upside
- Neighborhood occupancy above Rochester metro median supports income durability
- Expanding 3-mile population and households point to a larger tenant base
- Favorable rent-to-income levels bolster retention and reduce turnover risk
- Risks: lean amenity base and relatively accessible homeownership can temper pricing power