| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 50th | Best |
| Demographics | 15th | Poor |
| Amenities | 14th | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 360 Saint Paul St, Rochester, NY, 14605, US |
| Region / Metro | Rochester |
| Year of Construction | 1972 |
| Units | 73 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
360 Saint Paul St Rochester Multifamily Investment
Neighborhood occupancy trends sit above the metro median with an exceptionally high share of renter-occupied units, supporting steady tenant demand according to WDSuite’s CRE market data.
Located in Rochester’s Inner Suburb, the area surrounding 360 Saint Paul St shows above-metro-median occupancy and notably deep renter demand. The neighborhood-level occupancy is strong compared with many local peers and is above the national average, while renter concentration ranks at the top among 359 Rochester neighborhoods, indicating a large tenant pool for multifamily assets.
Amenity access is mixed: grocery availability scores competitively (high national percentile), but cafes, restaurants, parks, and pharmacies are sparse within the immediate neighborhood. For investors, this skews the value proposition toward practical, workforce-oriented living rather than lifestyle-driven demand, with leasing supported by everyday retail access more than dining or recreation clusters.
Within a 3-mile radius, demographics indicate recent population stability with a measurable increase in households, and projections call for further household growth over the next five years. A renter share near seven in ten within this radius points to a sizable and replenishing tenant base. Rising median contract rents in the radius, alongside continued household formation, can support occupancy stability but may require careful lease management to balance pricing and retention.
Homeownership remains more accessible in some Rochester submarkets, but in this neighborhood the combination of elevated renter concentration and above-average occupancy suggests durable multifamily demand. At the same time, lower local incomes and a higher rent-to-income ratio at the neighborhood level indicate affordability pressure, implying prudent underwriting on rent growth and attention to value-oriented unit finishes and utilities-included structures when appropriate.
Vintage context: the property’s 1972 construction is newer than much of the neighborhood’s housing stock. That positioning can offer competitive appeal versus older buildings, while still warranting capital planning for aging systems and selective modernization to support retention and rent positioning.
Safety indicators for the neighborhood are below national averages, and the area is not among the safer parts of Rochester. Based on ranks benchmarked against 359 metro neighborhoods, the crime position aligns more with higher-incident areas than with the city’s stronger-performing sub-areas.
Recent trends show increases in both property and violent offenses year over year. For investors, this typically calls for enhanced on-site management practices, access control, lighting, and community engagement measures to support tenant retention and leasing outcomes, while monitoring whether citywide and neighborhood initiatives temper incident rates over time.
Nearby corporate offices provide a diversified employment base that supports workforce housing demand and commute convenience. The employers below reflect regional strengths in consumer brands, distribution, telecommunications, and technology.
- Constellation Brands, Inc. — corporate offices (0.6 miles)
- Wesco Distribution — distribution (2.8 miles)
- Dish Network — telecommunications (7.7 miles)
- Xerox Corporation — technology & document solutions (11.0 miles)
- Constellation Brands — corporate offices (11.6 miles) — HQ
The investment case centers on durable renter demand and above-metro-median occupancy supported by one of Rochester’s highest renter-occupied housing shares. Within a 3-mile radius, household counts have increased and are projected to expand further, pointing to a larger tenant base and supporting lease-up and retention. According to commercial real estate analysis from WDSuite, the surrounding neighborhood’s amenity mix leans toward essentials like groceries rather than dining clusters, positioning assets toward workforce tenants and value-focused product.
The 1972 vintage is newer than much of the neighborhood housing stock, giving the property competitive positioning against older assets while still calling for selective system upgrades and modernization to enhance rent readiness. Affordability pressure in the immediate neighborhood suggests disciplined pricing, resident retention strategies, and operational focus. Safety metrics sit below national norms, so proactive property management and security investments are important to sustain performance.
- Above-metro-median occupancy and very high renter concentration support demand depth
- 3-mile radius shows household growth and projected renter pool expansion, aiding lease stability
- 1972 construction offers competitive positioning versus older local stock with targeted value-add upside
- Essential retail access (notably groceries) aligns with workforce housing demand drivers
- Risks: below-average safety indicators and rent-to-income pressure require active management and prudent underwriting