| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 45th | Good |
| Demographics | 31st | Poor |
| Amenities | 42nd | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 3 Marburger St, Rochester, NY, 14621, US |
| Region / Metro | Rochester |
| Year of Construction | 1976 |
| Units | 48 |
| Transaction Date | 2007-11-30 |
| Transaction Price | $1,375,000 |
| Buyer | RIDGEVIEW HOUSING DEVELOPMENT FUND CO INC |
| Seller | SENECA MANOR LLC |
3 Marburger St, Rochester NY — Multifamily Investment Snapshot
According to WDSuite’s CRE market data, the surrounding neighborhood shows a deep renter base and steady occupancy, pointing to durable leasing demand with everyday conveniences nearby.
This Inner Suburb location sits around the metro median among 359 Rochester neighborhoods (B- neighborhood rating), with renter-occupied housing comprising a large share of local units. That renter concentration signals a broad tenant base and supports multifamily demand and retention, while the neighborhood s occupancy trends are generally in line with wider Rochester patterns.
Daily needs are well served: grocery access ranks competitively (13th of 359 metro neighborhoods) and parks density is also strong (6th of 359). Restaurant options are moderate, while fewer cafes, pharmacies, and childcare providers are located within the immediate area, which is relevant for resident convenience and could influence leasing preferences.
Within a 3-mile radius, demographics show a stable population with a rising household count and a gradual shift toward smaller household sizes. Those trends typically expand the renter pool and can support occupancy stability for properties offering efficient floor plans. Median rents in the neighborhood benchmark on the lower end nationally, which can aid lease-up and reduce turnover risk when managed with disciplined renewals.
Ownership costs in the area remain elevated relative to local incomes (high value-to-income ratio; 6th out of 359 metro neighborhoods), which tends to reinforce reliance on rental housing and can support pricing power at attainable rent levels. For subject-level positioning, a 1976 vintage is newer than much of the nearby housing stock (neighborhood average construction year skews older), offering relative competitiveness versus prewar buildings, though investors should still plan for selective system upgrades or renovations as part of long-term capital planning.
Safety metrics trail the Rochester metro median, with the neighborhood s crime rank closer to the higher-incident end (67 out of 359). Compared with neighborhoods nationwide, overall safety sits below the midpoint; however, recent data shows a notable decline in property offenses year over year, placing the improvement trend in the top quartile nationally. Investors should underwrite to proactive security, lighting, and resident engagement to support retention.
Nearby employment centers include Constellation Brands, Wesco Distribution, Dish Network, Xerox, and Constellation Brands headquarters, supporting a broad workforce and commute convenience that can help sustain renter demand.
- Constellation Brands, Inc. corporate offices (2.6 miles)
- Wesco Distribution corporate offices (2.7 miles)
- Dish Network corporate offices (9.7 miles)
- Xerox Corporation corporate offices (10.2 miles)
- Constellation Brands corporate offices (13.0 miles) HQ
The investment case centers on depth of renter demand, attainable rents relative to national benchmarks, and location fundamentals anchored by strong grocery and park access. Based on commercial real estate analysis from WDSuite, neighborhood occupancy trends are steady and the renter-occupied share is high, supporting a broad tenant base. A 1976 vintage is newer than much of the surrounding housing stock, offering competitive positioning versus older assets while warranting targeted modernization to enhance durability and rents.
Within a 3-mile radius, household counts are rising and average household size is edging down, which typically expands the renter pool and supports leasing stability. Ownership costs remain elevated relative to incomes locally, reinforcing reliance on rental housing and helping sustain demand at attainable price points. Investors should weigh safety considerations and limited nearby pharmacy/cafe coverage when planning resident services and marketing.
- High renter concentration supports demand depth and lease retention
- Attainable rents versus national markets aid absorption and renewal strategy
- Strong grocery and park access enhance livability and resident stickiness
- 1976 vintage offers competitive positioning versus older stock with value-add upside via targeted upgrades
- Risks: below-median safety metrics and thinner cafe/pharmacy presence require proactive operations