| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 47th | Good |
| Demographics | 25th | Poor |
| Amenities | 62nd | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 535 Mount Hope Ave, Rochester, NY, 14620, US |
| Region / Metro | Rochester |
| Year of Construction | 1996 |
| Units | 87 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
535 Mount Hope Ave Rochester Multifamily Investment
Neighborhood occupancy trends point to stable renter demand relative to national norms, according to WDSuite’s CRE market data. For investors screening Rochester assets, the location’s fundamentals suggest consistent leasing with room to optimize operations.
Located in Rochester’s Inner Suburb, the neighborhood is rated B and sits above the metro median (rank 158 of 359). For income performance, average NOI per unit ranks 9 of 359—competitive among Rochester neighborhoods and in the top quartile nationally—indicating historically solid operating potential compared with many peer areas.
Occupancy at the neighborhood level is elevated versus national norms and has trended upward in recent years, supporting revenue stability. Median asking rents track in the middle of the national distribution, which can help sustain absorption without overextending renters. The local rent-to-income positioning suggests moderate affordability pressure—useful for lease management and retention planning.
The 3-mile radius shows a large renter-occupied share and a household base that is projected to expand alongside smaller average household sizes. Forecasts point to population growth and a meaningful increase in households by 2028, which translates into a larger tenant base and supports occupancy durability for multifamily assets.
Daily-needs access is a relative strength: grocery availability ranks near the upper tier of local neighborhoods and parks access is also strong (both above national medians). Cafes and pharmacies are thinner, which may modestly affect walk-to convenience but does not materially detract from core livability for most renters. School ratings in the immediate area trend below metro and national benchmarks; investors should underwrite this as it can influence family-oriented demand but is less determinative for workforce and student-adjacent housing.
Constructed in 1996, the property is materially newer than much of the surrounding housing stock (which skews early 20th century). This vintage can offer competitive positioning versus older comparables, while still leaving room for targeted modernization or systems updates to drive value-add returns.
Safety indicators are mixed in a metro and national context. Within the Rochester metro, the neighborhood’s crime rank is 84 out of 359, which is below the metro average. Nationally, the area sits below median safety percentiles, indicating higher reported incident levels than many U.S. neighborhoods.
Recent trends diverge by category: property offenses show little year-over-year change, while violent-offense measures have moved higher. Investors typically respond by emphasizing on-site lighting, access control, and community engagement, and by aligning marketing with demand segments less sensitive to school- or family-centric safety perceptions.
Proximity to established employers supports a broad renter base and commute convenience for workforce tenants, including roles across consumer brands, distribution, telecommunications, and technology—specifically Constellation Brands, Wesco Distribution, Dish Network, Constellation Brands’ headquarters, and Xerox.
- Constellation Brands, Inc. — consumer brands (1.1 miles)
- Wesco Distribution — distribution (3.7 miles)
- Dish Network — telecommunications (6.1 miles)
- Constellation Brands — consumer brands (10.6 miles) — HQ
- Xerox Corporation — technology & business services (11.9 miles)
This 87-unit asset benefits from neighborhood fundamentals that favor stable operations: occupancy is above national norms and NOI per unit performance ranks near the top locally, supporting a case for steady cashflow and resilient leasing. Constructed in 1996, the property is newer than much of the surrounding stock, offering competitive positioning versus older comparables and room for targeted value-add through unit and building system updates.
Within a 3-mile radius, forecasts indicate population growth and a sizable increase in households by 2028, implying renter pool expansion and support for occupancy stability. Median rents sit mid-market, and rent-to-income dynamics suggest manageable affordability pressure—useful for pricing power without overextension—based on commercial real estate analysis from WDSuite.
- Strong neighborhood occupancy and competitive NOI per unit support stable income profiles.
- 1996 vintage outperforms older neighborhood stock with potential for targeted modernization.
- 3-mile forecasts show household growth and smaller household sizes, expanding the renter base.
- Mid-market rents and moderate affordability pressure aid retention and measured pricing.
- Risks: below-median safety metrics and relatively low school ratings warrant operational mitigation and conservative underwriting.