| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 56th | Best |
| Demographics | 45th | Fair |
| Amenities | 55th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 720 Latta Rd, Greece, NY, 14612, US |
| Region / Metro | Greece |
| Year of Construction | 2004 |
| Units | 117 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
720 Latta Rd Greece Multifamily Investment
Neighborhood occupancy remains high and stable, supporting leasing durability for a 117-unit asset, according to WDSuite's CRE market data. Inner-suburban positioning with strong daily-needs access points to durable renter demand.
This inner-suburban Greece location offers everyday convenience that supports resident retention. Grocery, pharmacy, and dining density rank competitively in the Rochester metro (grocery, cafes, and restaurants are top quartile among 359 metro neighborhoods), while national amenity percentiles for cafes and grocery stores are also strong. Park and childcare density are limited, so positioning toward workforce and convenience-driven renters is practical.
At the neighborhood level (not the property), occupancy is elevated and has strengthened over the past five years, signaling steady absorption and reduced downtime risk for comparable multifamily assets. Renter-occupied housing represents a moderate share of local units, indicating a sufficient tenant base without oversaturation. Median contract rents sit near the national middle, and rent-to-income metrics suggest manageable affordability pressure that can aid retention and disciplined rent setting.
Home values are comparatively lower than many national peers, which can introduce some competition from ownership options. For multifamily investors, thoughtful product differentiation and amenity refresh can help sustain pricing power. Average school ratings trend below national norms; investors underwriting family-oriented demand should calibrate marketing and on-site programming rather than rely on school-driven appeal.
Demographics aggregated within a 3-mile radius indicate modest population growth and a projected increase in households over the next five years. This points to renter pool expansion and supports occupancy stability for well-maintained communities. Workforce income trends are improving in the outlook, which can underpin steady collections without leaning on aggressive rent steps.
Vintage matters: the property's 2004 construction is newer than the area's average 1982 vintage, offering a relative competitive edge versus older stock. Investors should still budget for mid-life system updates and targeted unit/common-area improvements to capture value-add potential.
Neighborhood crime statistics were not available in the provided dataset. Investors typically benchmark safety by comparing neighborhood trends to metro and national baselines, reviewing multi-year direction, and assessing property-level measures such as lighting, access control, and surveillance. As with any asset, prudent diligence should include current data reviews and conversations with local stakeholders.
Proximity to established employers supports a dependable renter base and commute convenience for workforce tenants, including Wesco Distribution, Constellation Brands, Xerox, Dish Network, and Constellation Brands' headquarters.
- Wesco Distribution — distribution (5.1 miles)
- Constellation Brands, Inc. — beverage/alcohol corporate offices (6.8 miles)
- Xerox Corporation — technology & business services (11.3 miles)
- Dish Network — communications (13.6 miles)
- Constellation Brands — beverage/alcohol corporate offices (17.2 miles) — HQ
720 Latta Rd offers investors a 2004-vintage, 117-unit community in an inner-suburban node where neighborhood occupancy is strong and daily-needs amenities are competitive within the Rochester metro. According to CRE market data from WDSuite, the neighborhood sits in the upper tier for occupancy relative to metro peers, suggesting resilient renter demand and reduced downtime for comparable assets.
Affordability is manageable by national standards, which supports retention and collections, while comparatively lower area home values call for thoughtful positioning and selective upgrades to preserve pricing power. Demographic trends within a 3-mile radius point to population growth and a larger household base over the next five years, reinforcing a steady pipeline of prospective renters. Being newer than the neighborhood's average vintage provides a relative competitive edge versus older stock, though investors should plan for mid-life systems and targeted unit/common-area refreshes to capture value-add upside.
- Strong neighborhood occupancy supports leasing stability and limits downtime risk.
- 2004 construction out-positions older local stock with targeted value-add potential.
- Daily-needs amenities (grocery, pharmacy, dining) are competitive in-metro, aiding tenant retention.
- 3-mile demographics indicate renter pool expansion that can support occupancy and steady collections.
- Watch items: below-average school ratings, limited parks/childcare, and ownership alternatives may temper pricing power.