| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 26th | Poor |
| Demographics | 32nd | Poor |
| Amenities | 45th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 942 Niagara Ave, Niagara Falls, NY, 14305, US |
| Region / Metro | Niagara Falls |
| Year of Construction | 1981 |
| Units | 29 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
942 Niagara Ave, Niagara Falls Multifamily Opportunity
Neighborhood renter demand looks durable, with improving occupancy trends and daily-needs amenities nearby, according to WDSuite s CRE market data. This commercial real estate analysis points to stable workforce housing dynamics with room for value-add execution.
The immediate neighborhood sits above the metro median for overall amenities (ranked 121 of 301 metro neighborhoods), with groceries, pharmacies, and restaurants testing in the top quartile nationally. That mix supports day-to-day convenience for tenants and reduces drive-time friction, a useful backdrop for leasing and retention.
Neighborhood occupancy is measured at the neighborhood level and has improved over the last five years, though it remains below the metro median. For investors, that suggests leasing requires hands-on management, but the positive direction offers a supportive setup for stabilizing operations.
Renter-occupied housing represents an above-median share of units within the neighborhood compared with the Buffalo-Cheektowaga metro, indicating depth in the tenant base. Within a 3-mile radius, WDSuite data shows a renter majority and growth in total households, which can expand the near-term leasing pool and support occupancy stability.
Ownership costs locally are comparatively low by national standards. That can create competition with entry-level ownership, so positioning around convenience, refreshed finishes, and professional management becomes important to sustain pricing power. Rent-to-income levels are relatively manageable, which can aid retention while still leaving room for disciplined rent optimization.
Vintage context: The property s 1981 construction is newer than the area s older housing stock. That relative age can be a competitive advantage versus pre-war buildings, while also presenting value-add opportunities through targeted system upgrades and unit renovations typical for 1980s assets.
WDSuite does not report comparable crime metrics for this specific neighborhood in the latest release, so investors should benchmark safety perceptions using city and metro-level references and on-the-ground diligence. Where available, use trend comparisons rather than block-level claims to evaluate operational risk and resident retention.
The area draws from a broad regional employment base that supports workforce housing demand and commute convenience, including Thermo Fisher Scientifc, FedEx Trade Networks, UnitedHealth Group, M&T Bank Corp., and McKesson.
- Thermo Fisher Scientifc
- Thermo Fisher Scientifc
942 Niagara Ave offers a 1981-vintage, small-scale multifamily asset positioned against an older local housing stock. Based on CRE market data from WDSuite, the surrounding neighborhood shows improving occupancy alongside a strong base of renter-occupied units, with daily-needs amenities in the top quartile nationally a practical backdrop for workforce housing. The vintage suggests clear value-add potential through updates that enhance competitiveness versus older properties while managing long-term capital planning.
Within a 3-mile radius, WDSuite data indicates modest population growth and a larger household count ahead, pointing to a broader tenant base and potential support for occupancy stability. Regional employers provide diversified demand drivers, while relatively manageable rent-to-income levels can help with lease retention. Key watchpoints include competition from comparatively low ownership costs and the neighborhood s below-median occupancy, which emphasizes the importance of active leasing and asset management.
- Newer-than-neighborhood stock (1981) with value-add potential versus older comparables
- Amenities test top quartile nationally for groceries, restaurants, and pharmacies, supporting retention
- Renter-occupied depth locally and projected household growth within 3 miles support the tenant base
- Workforce demand reinforced by proximity to diversified regional employers
- Risks: below-metro-median neighborhood occupancy and competition from accessible ownership options