| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 56th | Best |
| Demographics | 76th | Best |
| Amenities | 41st | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 6 Meadow St, Clinton, NY, 13323, US |
| Region / Metro | Clinton |
| Year of Construction | 1990 |
| Units | 24 |
| Transaction Date | 1999-05-28 |
| Transaction Price | $640,000 |
| Buyer | LEWIS BROTHERS LLC |
| Seller | STEHLE DONALD |
6 Meadow St, Clinton NY Multifamily Investment
Neighborhood occupancy has been resilient and renter demand remains supported by favorable rent-to-income dynamics, according to WDSuite’s CRE market data. The asset’s Clinton location provides stable fundamentals for small-scale multifamily while tapping into broader Utica-Rome demand drivers.
Clinton sits within the Utica-Rome, NY metro and scores competitively on overall neighborhood quality (A+), ranking 3rd among 137 metro neighborhoods. For investors, that signals durable location fundamentals that can support leasing and retention through cycles rather than momentum-driven performance.
Operating metrics at the neighborhood level point to steady renter demand. Occupancy is above national medians (71st percentile nationally; rank 32 of 137 in the metro), and the share of renter-occupied housing is meaningful at roughly two-fifths (rank 22 of 137; 79th percentile nationally). Together, these indicators suggest depth in the tenant base and support for ongoing leasing stability.
Livability inputs are mixed. School quality trends favorable (rank 10 of 137; about the 75th percentile nationally), and day-to-day services like groceries and pharmacies are comparatively accessible for a suburban setting (ranks 32 and 15 of 137, respectively). However, lifestyle amenities such as cafes and parks are limited in immediate proximity (both at the bottom of the metro rankings), which may tilt the appeal toward residents prioritizing schools and daily conveniences over recreation options.
Within a 3-mile radius, demographics indicate a larger tenant base today than five years ago, with population and household counts up and family households expanding. Median household income has risen while contract rents in the area have remained relatively moderate, reinforcing manageable affordability pressures and aiding lease retention. Looking ahead, 3-mile projections show further increases in households and a higher renter-occupied share, implying incremental expansion of the local renter pool that can support occupancy stability and measured rent growth.
The property’s 1990 construction is notably newer than the neighborhood’s older housing stock (average vintage near the early 1900s). That positioning can reduce near-term capital intensity relative to century-old comparables, while still leaving room for targeted value-add and systems modernization to enhance competitive standing.
Comparable neighborhood crime metrics are not available in WDSuite for this area at this time. Investors typically benchmark safety using municipal trend reports and metro comparisons; monitoring local law enforcement updates and insurer guidance can help contextualize risk alongside property-level security measures and tenant mix.
Regional employment access is anchored by corporate offices within commuting range, supporting a stable tenant base that values workforce proximity. Notable nearby employers include telecommunications, payroll services, and packaging operations listed below.
- Frontier Communications — telecommunications (25.8 miles)
- ADP Syracuse — payroll & HR services (41.0 miles)
- WestRock — packaging & paper products (41.6 miles)
6 Meadow St is a 24-unit 1990-vintage asset in a high-performing Clinton neighborhood, where occupancy trends and renter concentration point to a deep tenant base. The property’s newer vintage versus the area’s predominantly prewar stock can translate to a more competitive operating profile, with targeted upgrades offering value-add potential. Based on CRE market data from WDSuite, neighborhood occupancy sits above national medians and ranks favorably within the metro, while rent-to-income levels indicate manageable affordability pressure that supports retention.
Within a 3-mile radius, recent growth in population and households, alongside projections for additional household gains and a rising renter share, signal gradual renter pool expansion that can underpin steady leasing and measured rent growth. Ownership costs in the area are elevated enough to sustain reliance on rental housing without meaningfully eroding affordability, framing a constructive backdrop for long-term hold strategies.
- Occupancy above national medians and competitive within the metro support income stability.
- 1990 construction is newer than most local stock, reducing near-term capex versus century-old comparables while preserving value-add upside.
- Expanding 3-mile renter pool and household growth underpin demand and leasing durability.
- Balanced rent-to-income dynamics enhance retention and pricing flexibility over time.
- Risks: limited nearby lifestyle amenities and car-dependent commutes may temper appeal for some renter segments; ongoing monitoring of local economic trends is prudent.