| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 54th | Best |
| Demographics | 79th | Best |
| Amenities | 29th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 5 Lehigh St, Honeoye Falls, NY, 14472, US |
| Region / Metro | Honeoye Falls |
| Year of Construction | 2011 |
| Units | 68 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
5 Lehigh St Honeoye Falls Multifamily Opportunity
Neighborhood occupancy has been resilient and supported by strong school quality, according to WDSuite’s CRE market data, positioning this asset for stable renter demand in the Rochester metro.
Located in an inner suburb of the Rochester, NY metro, the neighborhood scores an A rating and sits above the metro median overall (rank 42 out of 359 neighborhoods). For investors, the most notable strengths are high neighborhood occupancy and school quality that can anchor long-term renter demand.
Neighborhood occupancy is competitive among Rochester submarkets (rank 111 of 359) and in the top quartile nationally by percentile, a positive indicator for leasing stability. Importantly, these are neighborhood-level occupancy dynamics, not property-specific performance. Renter-occupied housing accounts for roughly two-fifths of units locally, suggesting a meaningful tenant base for multifamily.
School quality is a standout: average ratings are at the top of the metro (ranked 1 out of 359) and among the strongest nationally. This can support family-oriented renter demand and retention, especially for larger floor plans.
Livability is balanced by modest amenity density. Grocery access and park coverage are serviceable, while cafes and pharmacies are limited in the immediate area. Amenity positioning is competitive among Rochester neighborhoods (amenity rank 134 of 359), but not a lifestyle hub. Home values are moderate within the region, and rent-to-income metrics sit in a manageable range, which can help support lease renewal rates and pricing power without overextending residents.
Within a 3-mile radius, demographics point to a stable-to-expanding tenant base: population is roughly steady while household counts have increased and are projected to grow further, with smaller average household sizes. This combination typically broadens renter demand for well-managed multifamily product and supports occupancy stability over the next cycle, based on CRE market data from WDSuite.
Comparable crime metrics were not available at the neighborhood level in this dataset. Investors should benchmark local conditions against broader Rochester-area trends and municipal reports to contextualize safety, rather than relying on block-level anecdotes.
The area draws on a diversified employment base that supports commuter-friendly renter demand, with proximity to telecom, consumer goods, life sciences, distribution, and technology offices noted below.
- Dish Network — telecommunications (7.6 miles)
- Constellation Brands — consumer products (9.2 miles) — HQ
- Constellation Brands, Inc. — consumer products (13.9 miles)
- Thermo Fisher Scientific In Fairport Ny — life sciences (14.0 miles)
- Wesco Distribution — industrial distribution (16.1 miles)
- Xerox Corporation — technology & business services (20.8 miles)
Built in 2011, this 68-unit property is newer than much of the surrounding housing stock, offering a competitive edge versus older inventory while leaving room for targeted modernization over time. Neighborhood-level occupancy is strong and nationally competitive, and top-ranked schools in the metro reinforce demand depth among family renters. Household growth within 3 miles and smaller average household sizes point to a broader tenant base and durable leasing, while moderate ownership costs and manageable rent-to-income readings support retention and steady collections.
According to CRE market data from WDSuite, the neighborhood performs above the metro median overall, with serviceable access to groceries and parks but fewer lifestyle amenities directly nearby—placing a premium on property-level conveniences. Long-term fundamentals—newer vintage, commuting access to diversified employers, and stable neighborhood occupancy—frame a pragmatic, defensible hold with selective value-add potential.
- 2011 construction offers competitive positioning versus older local stock, with room for targeted upgrades
- Neighborhood occupancy trends are strong and top quartile nationally, supporting leasing stability
- Top-ranked schools (1 of 359 in the metro) can bolster family renter demand and retention
- Proximity to diversified employers underpins workforce housing demand and commute convenience
- Risks: thinner lifestyle amenity density nearby and smaller submarket scale may temper premium rent potential