| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 45th | Good |
| Demographics | 41st | Poor |
| Amenities | 33rd | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1282 Buffalo Rd, Rochester, NY, 14624, US |
| Region / Metro | Rochester |
| Year of Construction | 1972 |
| Units | 25 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
1282 Buffalo Rd Rochester Multifamily Investment
Neighborhood multifamily fundamentals are steady, with occupancy competitive among Rochester submarkets and rents positioned in the upper tier locally, according to WDSuite’s CRE market data. The location serves a broad renter base within a 3-mile radius, supporting demand for smaller-format units.
The property sits in a suburban Rochester neighborhood rated B- where renter demand is underpinned by local services and commuter access. Neighborhood occupancy is 95.6% and ranks 143 out of 359 metro neighborhoods — competitive among Rochester, NY neighborhoods and in the 75th percentile nationally. For investors, that backdrop typically supports stable leasing and reduces downtime between turns.
Rents in the immediate neighborhood rank 19 out of 359 locally, placing the area in the top quartile among metro neighborhoods and around the 81st percentile nationally. This suggests pricing power relative to other Rochester submarkets, though lease management should carefully monitor affordability as rents continue to firm. Within a 3-mile radius, households and population have grown over the past five years, and projections point to further increases in households through 2028 — a setup that expands the potential tenant base and helps support occupancy stability.
Tenure patterns within a 3-mile radius show approximately one-third of housing units are renter-occupied. A renter concentration at this scale indicates a meaningful pool of prospective tenants for smaller units, which can aid lease-up velocity and retention for a 25-unit asset averaging 481 square feet.
Local amenities are adequate for daily needs: cafes and restaurants sit around the upper half of metro availability (cafe density ranks 54/359 and restaurants 89/359), while grocery access is competitive (126/359). Average school ratings track below national norms (around the 24th percentile nationally), which may be less of a demand driver for family-oriented product but is less impactful for smaller-format multifamily targeting singles and couples.
Safety indicators are mixed but generally comparable to broader urban markets. The neighborhood’s crime rank is 65 out of 359, indicating above-average performance versus many Rochester, NY neighborhoods, while the overall national positioning is around the middle of the pack (approximately the 43rd percentile nationwide). Violent offense metrics trend better than national norms (near the 57th percentile), whereas property-related offenses are closer to national averages (around the 41st percentile). For investors, these readings suggest conditions that are competitive within the metro and broadly in line with urban multifamily benchmarks.
Nearby employers provide a diversified workforce draw that supports renter demand and commute convenience, including distribution, beverage, telecommunications, and technology offices listed below.
- Wesco Distribution — distribution (2.5 miles)
- Constellation Brands, Inc. — beverage (3.8 miles)
- Dish Network — telecommunications (6.8 miles)
- Constellation Brands — beverage (13.9 miles) — HQ
- Xerox Corporation — technology offices (14.8 miles)
This 25-unit, smaller-format asset is positioned to capture steady renter demand in a neighborhood where occupancy is competitive locally and rents rank in the metro’s top quartile. Household and population growth within a 3-mile radius expands the tenant pool over the medium term, which can support leasing durability and minimize exposure to extended vacancy. According to CRE market data from WDSuite, neighborhood rent levels outpace many Rochester submarkets, reinforcing the case for disciplined revenue management while watching affordability pressure.
Average school scores trend below national levels and ownership costs in the broader area are relatively accessible, which can introduce competition from for-sale options. Even so, a meaningful share of renter-occupied housing within 3 miles and proximity to diversified employers underpin a stable renter base, particularly for efficient unit types around 481 square feet.
- Competitive neighborhood occupancy and top-quartile local rents support income stability
- 3-mile household and population growth expand the tenant base and support leasing
- Smaller average unit size (481 sf) aligns with cost-conscious demand and pricing efficiency
- Diversified nearby employers aid commute convenience and retention
- Risk: below-average school ratings and comparatively accessible ownership may temper family-driven demand