| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 40th | Good |
| Demographics | 63rd | Good |
| Amenities | 39th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1795 Hudson Ave, Rochester, NY, 14617, US |
| Region / Metro | Rochester |
| Year of Construction | 1987 |
| Units | 33 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
1795 Hudson Ave Rochester Multifamily Investment
Neighborhood occupancy is high and renter demand appears resilient, according to WDSuite’s CRE market data, positioning this 33-unit asset for stable leasing in an inner-suburban location. The 1987 vintage is newer than the local average, suggesting competitive positioning versus older stock with potential for targeted upgrades.
This inner-suburban pocket of Rochester ranks competitive among 359 metro neighborhoods (A- rating), with neighborhood-level occupancy at 97.7% (measured for the neighborhood, not the property). Relative stability supports day-one leasing and renewals, while median contract rents sit near the middle of regional norms, helping sustain a broad tenant base.
Local retail access is practical rather than destination-oriented: grocery availability is above national norms (around the 72nd percentile) and pharmacies are strong (about the 86th percentile), while restaurants score solidly (roughly 79th percentile). Parks, cafes, and childcare density are limited, so on-site amenities and property maintenance can play an outsized role in retention.
Vintage and competitiveness: The property was built in 1987, newer than the neighborhood’s older average housing stock (mid-20th century). This positioning can reduce near-term obsolescence risk versus pre-war assets, though investors should still plan for system modernization and select value-add upgrades to meet today’s renter expectations.
Tenure and demand depth: At the neighborhood level, the share of housing units that are renter-occupied is roughly one-third, indicating a defined renter pool without over-concentration. Within a 3-mile radius, renters represent just over half of housing units, which broadens the addressable tenant base and supports leasing continuity.
Demographic momentum (3-mile radius): Recent trends show flat population but growth in households, pointing to smaller household sizes and a modest renter pool expansion. Forecasts call for an increase in both population and households by 2028, which should support occupancy stability and measured rent growth over time.
Affordability context: Neighborhood rent-to-income ratios trend near the national middle, which helps manage retention risk. Home values are lower than national averages, meaning some households have accessible ownership options; prudent leasing strategies and periodic unit refreshes can help multifamily remain competitive.
Neighborhood-specific crime metrics are not available in WDSuite for this location. Investors typically benchmark safety using city and county reporting, property-level incident logs, and comparable inner-suburban submarkets across the Rochester metro.
As with any workforce-oriented location, prudent measures such as lighting, access controls, and resident engagement can support tenant retention and help keep property performance aligned with broader metro trends.
Proximity to corporate offices supports a steady commuter renter base and convenient access to jobs. Nearby employers include Constellation Brands, Wesco, Xerox, and Thermo Fisher, which can underpin leasing and retention for workforce households.
- Constellation Brands, Inc. — beverage & consumer goods corporate offices (3.2 miles)
- Wesco Distribution — electrical distribution (3.3 miles)
- Xerox Corporation — document technology & services (9.8 miles)
- Thermo Fisher Scientific — life sciences & laboratory equipment (13.3 miles)
- Constellation Brands — beverage company (13.3 miles) — HQ
The investment case centers on durable neighborhood fundamentals and a defensible positioning versus older local stock. Neighborhood occupancy is strong relative to metro peers, and within a 3-mile radius the renter pool is set to expand alongside household growth, supporting leasing stability. Based on CRE market data from WDSuite, grocery/pharmacy access is solid and restaurants are competitive, which helps day-to-day livability despite lighter park and cafe density.
Built in 1987, the asset offers a practical platform for value-add through selective interior updates and system modernization. Local ownership costs are comparatively accessible, so thoughtful pricing and amenity execution remain important to mitigate competition from entry-level ownership while capturing steady demand from nearby employers.
- Neighborhood occupancy is high, supporting stable leasing and renewals (neighborhood metric, not property-specific).
- 1987 vintage provides an edge versus older area stock with clear value-add pathways.
- 3-mile forecasts show population and household growth, expanding the renter base and aiding retention.
- Employer proximity underpins workforce demand and commute convenience.
- Risk: accessible ownership options and lighter park/cafe density require disciplined pricing and amenity strategy.