| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 73rd | Best |
| Demographics | 33rd | Poor |
| Amenities | 0th | Poor |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 10 Hillside Dr, Geneseo, NY, 14454, US |
| Region / Metro | Geneseo |
| Year of Construction | 1989 |
| Units | 84 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
10 Hillside Dr Geneseo Multifamily with Stable Occupancy
Neighborhood occupancy trends are steady and renter demand is durable, according to WDSuite’s CRE market data, positioning this 1989 vintage, 84-unit asset for consistent leasing performance with prudent asset management.
Situated in the Rochester, NY metro, the neighborhood carries a C+ rating and tracks near the metro median for occupancy while landing above the national midpoint. A high share of housing units are renter-occupied, indicating a sizable tenant base and depth of demand for multifamily operators. Median home values are elevated relative to local incomes, which tends to reinforce reliance on rentals and can support pricing power when managed with attention to retention.
Local retail and daily-needs amenities are limited within the immediate neighborhood, so residents likely rely on nearby corridors for groceries, cafes, and services. For investors, this dynamic emphasizes the value proposition of on-site convenience, parking, and property maintenance as differentiators in leasing and renewals.
School quality measures are competitive among Rochester neighborhoods (top quartile among 359 metro neighborhoods) and roughly around the national midpoint, supporting family renter appeal without commanding premium pricing seen in top-tier school clusters. This balance can aid lease stability while keeping operating assumptions conservative.
Within a 3-mile radius, demographics show a relatively stable population with signs of smaller household sizes ahead and potential growth in household counts by 2028. That combination can expand the renter pool over time even if population growth is modest, supporting occupancy stability and steady demand for well-managed units.
Comparable neighborhood safety metrics are not available in WDSuite’s dataset for this location. Investors commonly benchmark conditions using county and metro sources and focus on property-level measures (lighting, access control, and management presence) that support resident retention and leasing.
Regional employment is diversified across corporate offices that are commutable from the property, supporting workforce renter demand and lease retention. Notable nearby employers include Dish Network, Constellation Brands, Wesco, Thermo Fisher Scientific, and Xerox.
- Dish Network — corporate offices (19.4 miles)
- Constellation Brands — corporate offices (24.6 miles) — HQ
- Wesco Distribution — corporate offices (27.3 miles)
- Thermo Fisher Scientific In Fairport Ny — corporate offices (29.4 miles)
- Xerox Corporation — corporate offices (35.6 miles)
Built in 1989, the asset offers a mid-vintage profile that can benefit from targeted modernization and common-area upgrades to enhance competitiveness versus newer stock. Neighborhood fundamentals show occupancy near metro norms and above the national midpoint, with a high renter-occupied share that underpins a deep tenant base. Elevated ownership costs relative to incomes in the area further sustain rental reliance, while limited nearby amenities increase the value of on-site features and professional management.
Within a 3-mile radius, demographics indicate relatively stable population levels with an outlook for more households and smaller household sizes by 2028, which can broaden the renter pool and support steady absorption. According to CRE market data from WDSuite, these conditions align with a consistent leasing backdrop, provided operators calibrate rents and renewals to local affordability to manage retention risk.
- Mid-vintage (1989) with value-add potential through unit and systems updates
- Occupancy near metro norms and above national midpoint supports stable leasing
- High renter-occupied share signals depth of tenant base and durable demand
- Elevated ownership costs reinforce rental reliance and pricing power when retention is managed
- Risk: Limited nearby amenities and local rent-to-income pressure require careful rent setting and resident services