| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 49th | Best |
| Demographics | 62nd | Good |
| Amenities | 76th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1820 Hudson Ave, Rochester, NY, 14617, US |
| Region / Metro | Rochester |
| Year of Construction | 1975 |
| Units | 20 |
| Transaction Date | 2024-08-27 |
| Transaction Price | $1,375,000 |
| Buyer | 1820 HUDSON AVE LLC |
| Seller | TRUST U/ARTICLE VI OF THE WILL OF JOHN K |
1820 Hudson Ave, Rochester NY Multifamily Investment
Neighborhood occupancy is strong and stable, according to WDSuite s CRE market data, suggesting resilient renter demand for a 20-unit asset in this suburban pocket of Rochester.
Positioned in a suburban neighborhood rated A+ and ranked 14 out of 359 within the Rochester metro, the location offers above-metro fundamentals that matter for multifamily performance. Neighborhood occupancy is high (top quartile nationally), supporting lease stability and reducing downtime risk relative to broader U.S. trends.
Everyday convenience is a clear strength: neighborhood amenity density for restaurants, cafes, groceries, and pharmacies sits in the upper national percentiles, which tends to support resident retention and leasing velocity. Park access is limited locally, so outdoor space and on-site amenities may be more influential for resident appeal.
Tenure patterns indicate a modest renter concentration within the immediate neighborhood (27.1% of housing units are renter-occupied), yet the broader 3-mile radius captures a deeper tenant base with roughly half of housing units renter-occupied. For investors, this mix suggests steady multifamily demand from nearby households even if the immediate block skews more owner-occupied.
Affordability signals are constructive for rent collections and renewals: the neighborhood s rent-to-income ratio is low around 0.11, and median contract rent levels sit near the national middle, which can support retention and measured rent growth. Median home values are relatively accessible in the area, which can introduce some competition from ownership; however, that context often reinforces demand for quality, well-managed rentals that deliver convenience and predictability.
Demographic statistics aggregated within a 3-mile radius show households increased in recent years and are projected to expand further through 2028, with population growth and smaller average household sizes indicating a larger renter pool over time. These dynamics typically support occupancy stability and a broader base of prospective tenants.
Safety trends compare favorably in a regional and national context. According to CRE market data from WDSuite, the neighborhood s overall crime profile sits above the national median, with property and violent offense indicators in higher national percentiles (safer relative to many U.S. neighborhoods). Recent data also shows violent offense rates declining by roughly a third year over year, a constructive directional trend for risk management and tenant retention.
Investors should still underwrite to submarket variation and property-level factors, but the comparative trajectory suggests a supportive backdrop versus many peer locations across the metro and nationwide.
The area draws on a diversified employment base that supports renter demand and commute convenience, including Wesco Distribution, Xerox Corporation, Thermo Fisher Scientific, and Constellation Brands.
- Wesco Distribution distribution (3.3 miles)
- Xerox Corporation corporate offices (9.7 miles)
- Thermo Fisher Scientific In Fairport Ny life sciences (13.3 miles)
- Constellation Brands corporate offices (13.3 miles) HQ
1820 Hudson Ave is a 1975-vintage, 20-unit asset positioned in a high-performing suburban neighborhood where occupancy is in the top quartile nationally. Amenity density is strong for daily needs, and the broader 3-mile area shows a growing household base and a renter pool expansion, which supports leasing stability. The 1970s vintage points to potential value-add and systems modernization, offering scope to enhance competitiveness against older local stock.
Affordability signals favor resident retention: a low rent-to-income ratio and mid-range neighborhood rent levels support collections while leaving room for measured pricing. Meanwhile, median home values are relatively accessible, which can introduce competition with ownership; careful positioning and operational execution help sustain demand. Based on CRE market data from WDSuite, the submarket s safety trajectory and high occupancy reinforce the long-term fundamentals without relying on speculative assumptions.
- High neighborhood occupancy and amenity-rich location support leasing stability
- 1975 vintage offers value-add and modernization opportunities for yield enhancement
- 3-mile area shows household growth and a broader renter base, aiding absorption
- Favorable rent-to-income dynamics support retention and measured rent growth
- Risks: competition from ownership options and potential CapEx typical of 1970s assets