| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 30th | Poor |
| Demographics | 53rd | Fair |
| Amenities | 0th | Poor |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 230 Susan Ln, Rochester, NY, 14616, US |
| Region / Metro | Rochester |
| Year of Construction | 1972 |
| Units | 64 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
230 Susan Ln, Rochester NY — 64-Unit Value-Add Multifamily
Neighborhood renter concentration supports a steady tenant base while occupancy trends are more variable, according to WDSuite’s CRE market data. Investors should view this as a durable workforce location with scope to enhance operations and retention through targeted improvements.
Located in an Inner Suburb of Rochester, the immediate neighborhood skews car-oriented with limited walkable retail, parks, and services compared with the metro. This typically shifts the value proposition toward on-site amenities, parking, and convenient access to major corridors rather than street-level convenience.
Neighborhood occupancy sits below the metro median among 359 Rochester neighborhoods, but the share of housing units that are renter-occupied is above the metro median. For multifamily owners, that mix indicates a meaningful renter pool and potential leasing depth even when turnover rises.
Within a 3-mile radius, demographics point to modest population growth historically and additional renter pool expansion expected over the next five years. Household counts are projected to increase while average household size edges lower, which can broaden demand for apartments, support occupancy stability, and sustain leasing velocity.
Home values in the neighborhood remain lower relative to national norms, while median contract rents (3-mile radius) remain accessible. Combined with a rent-to-income profile that indicates manageable affordability pressure, this context can support tenant retention and measured pricing power, based on CRE market data from WDSuite. However, more accessible ownership in parts of the Rochester region can create competition, so product quality and management remain important differentiators.
The property’s 1972 vintage is newer than the neighborhood’s mid-1950s average, yet still points to predictable capital planning needs. Select interior upgrades, common-area refreshes, and systems modernization can position the asset competitively versus older local stock while creating value-add upside.
Comparable, neighborhood-level safety metrics are not available in this dataset. Investors typically benchmark conditions against Rochester metro trends, review historical claims and insurance pricing, and incorporate localized management insights. Without current rank or percentile references, it is prudent to underwrite conservative security measures and monitor area trends over time rather than draw block-level conclusions.
- Wesco Distribution — distribution services (2.1 miles)
- Constellation Brands, Inc. — beverage corporate offices (4.6 miles)
- Dish Network — telecom/customer operations (10.9 miles)
- Xerox Corporation — technology & document solutions (12.6 miles)
- Constellation Brands — beverage corporate offices (15.7 miles) — HQ
Nearby corporate and operations hubs provide a diversified employment base that can support renter demand and lease retention for workforce housing. The list below highlights notable employers within commuting range that align with likely resident job centers.
This 64-unit asset offers workforce housing exposure with a renter-heavy neighborhood context and car-oriented dynamics that reward on-site upgrades and efficient management. According to CRE market data from WDSuite, neighborhood occupancy trends trail the metro median, but renter concentration is comparatively higher, suggesting depth in the tenant base. The 3-mile area shows recent population growth and further household expansion ahead, a setup that can support leasing stability.
Built in 1972, the property presents straightforward value-add potential through interior renovations and systems improvements that can enhance competitive positioning versus older housing nearby. While relatively accessible ownership options in Rochester can create competition, attainable rents and a manageable rent-to-income profile can aid retention and steady cash flow when paired with disciplined operations.
- Renter-occupied share above metro median supports a durable tenant base
- 3-mile population and household growth underpin demand and occupancy stability
- 1972 vintage enables targeted value-add via interiors, common areas, and systems
- Amenity-light neighborhood favors assets with parking and on-site features
- Risk: Neighborhood occupancy below metro median requires active leasing and asset management