| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 63rd | Best |
| Demographics | 42nd | Poor |
| Amenities | 8th | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 85 Linhome Dr, West Henrietta, NY, 14586, US |
| Region / Metro | West Henrietta |
| Year of Construction | 1995 |
| Units | 24 |
| Transaction Date | 2021-10-21 |
| Transaction Price | $657,900 |
| Buyer | LIVMOOR PORTFOLIO HSNG DEV FUN |
| Seller | WESTMINSTER PLACE LP |
85 Linhome Dr, West Henrietta Multifamily Investment
Renter demand is supported by a higher neighborhood share of renter-occupied units alongside strong per‑unit income performance for the area, according to WDSuite’s CRE market data. Expect stable workforce leasing dynamics with room for value creation through targeted upgrades.
Located in an inner suburb of the Rochester metro, the area around 85 Linhome Dr shows solid multifamily fundamentals at the neighborhood level. Neighborhood per‑unit income performance ranks competitive among Rochester neighborhoods and in the top quartile nationally, suggesting operators have maintained pricing and expense control relative to peers, based on CRE market data from WDSuite.
The property’s 1995 vintage is newer than the neighborhood’s average construction year of 1981 (ranked 46 out of 359 metro neighborhoods). That positioning can help the asset compete against older stock while still warranting modernization planning for systems and common areas to sustain leasing velocity.
Renter concentration in the neighborhood is elevated (about 40% of housing units are renter‑occupied; above most U.S. neighborhoods), which points to a deeper tenant base and supports occupancy stability at the submarket level. However, the neighborhood’s occupancy has softened versus five years ago, indicating the need for attentive leasing and renewals.
Within a 3‑mile radius, demographics show population and household growth in recent years with further expansion projected by 2028, implying a larger tenant base and more renters entering the market. Median home values here are relatively accessible compared with high‑cost markets, which can introduce some competition from ownership options; effective positioning and on‑site amenities remain important for retention and pricing power.
Amenity density is modest relative to the metro (amenities rank 246 out of 359), with restaurant options present but fewer cafes, groceries, parks, and pharmacies in the immediate blocks. This favors car‑oriented living; operators can offset with on‑site conveniences and resident services to support lease renewals.
Neighborhood safety indicators are mixed and should be monitored. Overall crime benchmarks near the national middle and conditions vary by corridor. Within the Rochester metro, the composite crime rank places the area in a more challenged tier (53 out of 359 neighborhoods), so prudent security design and resident communication can support leasing and retention.
By offense type, property‑crime benchmarks read comparatively favorable (top quartile nationally), while violent‑crime benchmarking trends safer than many U.S. neighborhoods (roughly the 70s nationally) but showed a recent year uptick. Investors should review current, street‑level reports and trendlines as part of underwriting and asset management planning.
Nearby employers span telecommunications, beverage manufacturing, distribution, and life sciences, supporting a diverse workforce renter base and commute convenience for residents. The list below highlights key employment nodes by proximity that can underpin tenant demand and lease retention.
- Dish Network — telecommunications (2.3 miles)
- Constellation Brands, Inc. — beverage manufacturing offices (7.4 miles)
- Wesco Distribution — distribution and electrical supplies (8.2 miles)
- Constellation Brands — beverage alcohol corporate (12.1 miles) — HQ
- Thermo Fisher Scientific — life sciences (15.5 miles)
This 24‑unit asset’s 1995 vintage is newer than the neighborhood average, offering relative competitiveness versus older local stock while leaving room for targeted value‑add to common areas and building systems. At the neighborhood level, per‑unit income performance is strong compared with both the metro and nation, and renter concentration is elevated, supporting a deeper tenant base and steadier leasing. According to commercial real estate analysis from WDSuite, neighborhood occupancy has eased versus five years ago, so hands‑on leasing and renewals remain important to sustain performance.
Within a 3‑mile radius, recent and projected growth in population and households points to renter pool expansion through 2028, which can support occupancy stability and pricing power for well‑positioned properties. Ownership costs in the immediate area are relatively accessible, so thoughtful amenity programming and unit refreshes can help mitigate competition from entry‑level ownership options.
- Newer 1995 vintage versus local average, with potential to modernize interiors/systems for yield
- Elevated neighborhood renter‑occupied share supports tenant base depth and leasing stability
- Strong neighborhood per‑unit income performance relative to metro and nation
- Demand tailwinds: 3‑mile population and household growth projected through 2028
- Risks: softer neighborhood occupancy trend, modest local amenity density, and some competition from ownership