| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 28th | Poor |
| Demographics | 8th | Poor |
| Amenities | 88th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 108 Evergreen St, Rochester, NY, 14605, US |
| Region / Metro | Rochester |
| Year of Construction | 2007 |
| Units | 32 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
108 Evergreen St Rochester 32-Unit Multifamily
2007 construction stands out in an older inner-suburb location, supporting competitive leasing versus legacy stock, according to WDSuite’s CRE market data.
Situated in Rochester’s inner-suburb fabric, the immediate neighborhood shows strong daily-life convenience: amenity access ranks among the strongest locally (1st of 359 metro neighborhoods) and sits in a high national percentile for groceries, parks, pharmacies, and cafes. For a workforce-oriented property, this mix supports day-to-day livability and leasing velocity.
The neighborhood’s renter-occupied share is 59.6%, indicating a deep tenant base and steady multifamily demand. Neighborhood occupancy has trended upward over the past five years, though levels remain below the national median, signaling room for operational lift through management and unit positioning.
Within a 3-mile radius, households have grown in recent years and are projected to expand further, with forecasts pointing to additional renter pool expansion by 2028. This trajectory implies a larger tenant base and supports occupancy stability, while smaller average household sizes reinforce demand for multifamily formats.
Home values in the area are comparatively low for the region, which can increase competition from entry-level ownership. Investors should plan for leasing and renewal strategies that preserve pricing power while maintaining retention. These takeaways are based on CRE market data from WDSuite.
Crime levels are a consideration here. The neighborhood ranks 97th out of 359 Rochester neighborhoods for crime, which is below the metro median and places it in a lower national safety percentile. For investors, this typically necessitates enhanced on-site policies, lighting, access control, and resident engagement to support retention and stabilize collections over time.
Nearby corporate offices provide a diversified employment base that supports renter demand and commute convenience for residents, including Constellation Brands, Wesco Distribution, Dish Network, Xerox, and Constellation Brands’ headquarters.
- Constellation Brands, Inc. — corporate offices (1.36 miles)
- Wesco Distribution — corporate offices (2.31 miles)
- Dish Network — corporate offices (8.39 miles)
- Xerox Corporation — corporate offices (10.91 miles)
- Constellation Brands — corporate offices (12.29 miles) — HQ
Built in 2007, this 32-unit asset is materially newer than the area’s predominantly early-1900s housing stock, offering competitive positioning versus older comparables while leaving room for targeted updates as systems age. The surrounding neighborhood shows a high concentration of renter-occupied units and improving occupancy trends, supporting demand depth and lease-up resilience. Based on commercial real estate analysis from WDSuite, strong amenity access further underpins resident convenience—a factor that can aid retention.
Counterweights include below-median neighborhood occupancy relative to national benchmarks, weaker school performance, and safety considerations that may require operational focus. Additionally, comparatively low home values nearby can introduce competition from ownership; pricing strategy and renewal management will be important to sustain NOI.
- 2007 vintage outcompetes older neighborhood stock; modernization can sharpen positioning
- High renter concentration supports a deep tenant base and occupancy stability
- Strong amenity access (groceries, parks, pharmacies, cafes) aids leasing and retention
- Operational focus needed on safety and school-perception risks to protect retention
- Entry-level ownership competition nearby calls for disciplined pricing and renewals