| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 62nd | Best |
| Demographics | 61st | Good |
| Amenities | 62nd | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 45 College Greene Dr, North Chili, NY, 14514, US |
| Region / Metro | North Chili |
| Year of Construction | 1995 |
| Units | 115 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
45 College Greene Dr North Chili Multifamily Investment
Neighborhood fundamentals point to stable renter demand and high occupancy at the area level, according to WDSuite’s CRE market data. With a meaningful share of renter-occupied housing and steady household growth nearby, the asset’s leasing outlook benefits from a deepening tenant base.
Located in an Inner Suburb of the Rochester, NY metro, the neighborhood rates A+ and is competitive among metro peers. Amenity access sits in the top quartile among 359 metro neighborhoods, with cafe, childcare, and pharmacy density outperforming typical Rochester submarkets, while restaurants are competitive among Rochester neighborhoods. Park access is limited, which may modestly reduce leisure amenity appeal but is often offset by suburban conveniences.
Neighborhood occupancy is strong and above national averages, supporting income stability for multifamily assets. The area’s renter-occupied share indicates a solid renter concentration, which helps sustain leasing velocity and renewal depth across cycles. Rent-to-income levels are relatively manageable for the metro, suggesting room for retention but potentially moderating near-term pricing power compared with high-cost coastal markets.
Within a 3-mile radius, demographics show recent population growth and an increase in households, with forecasts pointing to further household expansion and smaller average household sizes. For investors, this implies a larger tenant base over time and continued demand for rental units that support occupancy stability and consistent absorption.
Home values in the area are lower than many national peer markets, which can create some competition from ownership options. Even so, suburban convenience and steady neighborhood-level occupancy provide a durable foundation for multifamily demand, particularly for professionally managed assets that can differentiate on maintenance, finishes, and resident services.
Safety indicators compare favorably versus neighborhoods nationwide, with overall crime measures in the higher national percentiles (safer) and violent and property offense metrics each sitting in the top quartile nationally. Recent trends show a notable decline in property offenses year over year, which supports resident retention and leasing stability.
As with any metro, safety conditions vary by block and over time; investors should align on-site operations and security practices with local patterns. The directional trend and comparative standing versus national benchmarks, based on WDSuite’s data, are constructive for long-term multifamily operations.
The surrounding employment base blends distribution, telecom, consumer brands, and life sciences, which supports a diverse renter pool and commute convenience for workforce housing. Notable nearby employers include Wesco Distribution, Dish Network, Constellation Brands, Thermo Fisher Scientific, and Constellation Brands’ headquarters.
- Wesco Distribution — distribution (7.9 miles)
- Dish Network — telecom services (8.4 miles)
- Constellation Brands, Inc. — consumer packaged goods offices (9.4 miles)
- Constellation Brands — consumer packaged goods (17.9 miles) — HQ
- Thermo Fisher Scientific In Fairport Ny — life sciences (20.5 miles)
Completed in 1995, the property is newer than much of the surrounding 1980s-vintage stock, offering a competitive position versus older assets while leaving room for targeted modernization to capture value-add upside. Neighborhood-level performance is constructive: occupancy remains high, renter concentration is solid, and nearby households are growing, all of which support leasing stability and renewal potential. Based on commercial real estate analysis from WDSuite, the area’s rent-to-income profile suggests durable retention with measured pricing power.
Ownership is relatively accessible in this part of the Rochester metro, which can introduce competition for some renter segments. Balancing that, strong national-comparative safety indicators and diversified nearby employment help deepen the tenant base. Investors can underwrite to steady operations with selective capex to enhance finishes and systems, positioning for consistent absorption and resident retention.
- 1995 vintage offers competitive positioning versus older local stock with potential renovation upside
- Strong neighborhood occupancy and solid renter concentration support leasing stability
- Household growth within 3 miles expands the tenant base and supports retention
- Diverse employers nearby underpin demand across workforce segments
- Risk: accessible ownership options may temper rent growth; limited park access reduces lifestyle amenities