| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 60th | Best |
| Demographics | 67th | Best |
| Amenities | 51st | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 6588 Dysinger Rd, Lockport, NY, 14094, US |
| Region / Metro | Lockport |
| Year of Construction | 1992 |
| Units | 24 |
| Transaction Date | 2023-03-22 |
| Transaction Price | $1,364,000 |
| Buyer | BG286 PROPERTIES LLC |
| Seller | DYSINGER APARTMENTS LIMITED PARTNERSHIP |
6588 Dysinger Rd, Lockport NY Multifamily Investment
Neighborhood occupancy trends are strong and stable, according to WDSuite’s CRE market data, supporting steady leasing performance for a 24-unit asset in a suburban Niagara County location.
Lockport’s suburban setting offers everyday convenience with a measured pace. The neighborhood holds an A- rating and ranks 60th among 301 Buffalo–Cheektowaga metro neighborhoods, placing it in the top quartile locally. Occupancy in the neighborhood is in the low-to-mid 90s and sits around the 80th percentile nationally, a constructive backdrop for maintaining rent rolls.
Amenity depth is mixed: restaurants are near the national median, while grocery access tracks closer to the middle of the pack and cafes and parks are limited. Childcare and pharmacy availability test above national averages, which can aid day-to-day livability for residents. These dynamics suggest practical convenience rather than destination retail—supportive of workforce housing demand rather than lifestyle-driven premiums.
Within a 3-mile radius, household counts have increased in recent years and are projected to expand further, indicating a larger tenant base ahead. Forecasts point to additional household growth over the next five years, which can support occupancy stability and measured absorption. Median home values in the neighborhood trend modestly above national norms, reinforcing steady rental demand as some households remain renters longer; rent-to-income levels test favorably, which can help retention and reduce turnover risk.
Tenure skews owner-leaning at the neighborhood level, with renter-occupied housing closer to one-third within the 3-mile radius. For multifamily investors, this typically implies a defined but stable renter cohort, where leasing is supported by local employment and convenience rather than heavy amenity clustering. Based on commercial real estate analysis from WDSuite, these fundamentals align with steady, needs-based demand rather than volatility.
Neighborhood-level safety metrics are not available from WDSuite for this location. Investors commonly benchmark property security measures and recent trends against Buffalo–Cheektowaga metro peers and rely on professional diligence (e.g., property operations history, lighting and access controls) for decision-making.
Nearby employers provide a diversified white-collar and services employment base that supports commuter convenience and renter retention, including healthcare, logistics, life sciences, and financial services noted below.
- UnitedHealth Group — healthcare & insurance services (13.3 miles)
- FedEx Trade Networks — logistics & trade services (15.7 miles)
- Thermo Fisher Scientifc — life sciences offices (17.0 miles)
- M&T Bank Corp. — financial services (19.6 miles) — HQ
- McKesson — healthcare distribution (19.8 miles)
This 24-unit property benefits from a suburban Lockport location where the neighborhood ranks in the top quartile among 301 metro neighborhoods and shows occupancy near the 80th percentile nationally, according to CRE market data from WDSuite. The renter base is supported by practical amenities and a diversified employment draw within commuting distance, while rent-to-income levels test favorably for lease management and renewal strategies.
Demographics aggregated within a 3-mile radius indicate recent household growth with further expansion projected, implying a larger tenant pool and support for steady occupancy. The area’s owner-leaning tenure suggests demand is needs-driven rather than amenity-led, which can translate to consistent leasing performance if operations remain focused on value, maintenance, and service.
- Neighborhood ranks top quartile locally with nationally strong occupancy, supporting stable rent rolls
- 3-mile radius shows household growth and a projected renter pool expansion, aiding absorption
- Favorable rent-to-income dynamics support retention and disciplined rent management
- Proximity to diversified employers (healthcare, logistics, life sciences, finance) underpins leasing
- Risks: thinner café/park amenities and owner-leaning tenure may temper premium pricing potential