| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 60th | Best |
| Demographics | 59th | Good |
| Amenities | 40th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 4339 Clear View Dr, Geneseo, NY, 14454, US |
| Region / Metro | Geneseo |
| Year of Construction | 2000 |
| Units | 86 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
4339 Clear View Dr Geneseo NY Multifamily Investment
Renter-occupied housing is prevalent in the surrounding neighborhood, supporting a deeper tenant base and helping stabilize occupancy, according to WDSuite’s CRE market data. Location fundamentals and steady local demand drivers position this asset for consistent leasing performance.
Situated in suburban Geneseo within the Rochester, NY metro, the neighborhood earns an A rating and ranks 54 out of 359 metro neighborhoods, which is competitive among Rochester neighborhoods based on WDSuite’s CRE market data. Neighborhood occupancy trends sit in the low-90% range, indicating generally stable leasing conditions for multifamily assets in this area rather than late-cycle softness.
Local livability is balanced: cafes are comparatively dense for a suburban setting (around the 70th percentile nationally), while groceries and restaurants track near national medians. Dedicated park and pharmacy coverage is limited, which reflects a more car-oriented suburban fabric; investors should consider on-site amenities and resident services to support retention.
Tenure patterns favor rentals, with a renter-occupied share that sits in the top decile nationally and above the metro median. For investors, that translates to a wider pool of prospective tenants and support for occupancy across cycles. Median contract rents benchmark near the national middle, and the rent-to-income profile (around the mid-teens) suggests manageable affordability pressure that can aid renewal rates and reduce turnover risk.
Within a 3-mile radius, demographics indicate modest population growth and a near-term increase in households alongside smaller average household size. This points to a gradual renter pool expansion and steady demand for apartment units. Home values in the neighborhood sit below national medians, which can introduce some competition from ownership options; however, this also supports the role of rentals as accessible housing within the submarket.
Neighborhood-level crime metrics were not published in the available WDSuite dataset for this location. For underwriting, investors typically benchmark neighborhood safety against metro and national trends and supplement with local public records and insurer reports to gauge resident perception and any potential impact on leasing or retention. Framing at the neighborhood level is most appropriate; block-level conclusions are not advised.
Proximity to established employers supports commuter demand and leasing durability, with a mix of telecom, beverage, industrial distribution, life sciences, and technology roles represented nearby.
- Dish Network — telecom/media services (19.0 miles)
- Constellation Brands — beverage (23.5 miles) — HQ
- Wesco Distribution — industrial distribution (27.3 miles)
- Thermo Fisher Scientific — life sciences (28.2 miles)
- Xerox Corporation — technology (34.9 miles)
Built in 2000, this 86-unit property offers relatively modern construction that can compete well against older regional stock while leaving room for targeted upgrades to drive rents and reduce near-term capital surprises. The surrounding neighborhood shows renter concentration in the top tier nationally and occupancy in the low-90% range, indicating depth of tenant demand and support for leasing stability. According to CRE market data from WDSuite, broader neighborhood fundamentals sit near metro norms, with rents and household incomes aligned to sustain renewals without overextending affordability.
Within a 3-mile radius, modest population growth and a projected increase in households—along with smaller average household size—signal ongoing demand for multifamily housing and potential for steady absorption. Ownership costs in the area are comparatively moderate, which may introduce some competition from for-sale housing; investors should focus on amenity programming and operational execution to maintain pricing power and retention.
- 2000 vintage provides competitive positioning with selective value-add potential
- Strong renter-occupied share supports a deeper, more reliable tenant base
- Neighborhood occupancy in the low-90% range aligns with stable leasing conditions
- 3-mile demographics point to gradual renter pool expansion and absorption support
- Risk: limited nearby parks/pharmacies and accessible ownership options can temper pricing power