| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 30th | Fair |
| Demographics | 38th | Poor |
| Amenities | 5th | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 124 Cooper St, Oriskany Falls, NY, 13425, US |
| Region / Metro | Oriskany Falls |
| Year of Construction | 1977 |
| Units | 31 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
124 Cooper St Oriskany Falls 31-Unit Multifamily
Neighborhood occupancy is competitive among Utica-Rome neighborhoods, supporting stable leasing potential according to WDSuite’s CRE market data; metrics reference the surrounding neighborhood, not this specific property.
Oriskany Falls is a rural pocket within the Utica-Rome metro, where day-to-day amenities are limited and residents typically draw on services in nearby towns. Neighborhood ranking sits below the metro median overall (ranked among 137 Utica-Rome neighborhoods), but occupancy trends are competitive among metro peers, indicating steady renter demand at the neighborhood level (data reflects the neighborhood, not this property).
The building’s 1977 vintage is newer than the area’s older housing stock (average vintage trends earlier), which can be a relative advantage versus pre-war properties. Investors should still plan for ongoing system updates and exterior/interior modernization typical for late-1970s construction, but the competitive positioning against older stock can aid leasing and retention.
Within a 3-mile radius, demographic data show a modest population contraction over recent years with household counts roughly stable into the near term, implying smaller household sizes and a renter pool that is reshaping rather than expanding. Renter-occupied share remains a minority of units locally, suggesting a thinner but persistent tenant base; this typically favors workforce-oriented product and measured lease-up expectations.
Home values in the area are relatively modest and median contract rents are around the low-$600s, keeping the rent-to-income ratio on the lower side. For investors, that points to manageable affordability pressure—which can support lease retention—while also implying some competition from ownership options. In this context, disciplined rent management and value-forward renovations tend to be more effective than aggressive pricing strategies.
Neighborhood-level crime metrics for this location are not available in WDSuite for the current period. Investors commonly benchmark property performance alongside county and metro trends and incorporate on-the-ground diligence (e.g., property management insights, local law enforcement briefings) to gauge safety trajectory and its potential influence on leasing and retention.
Regional employers within commuting distance provide a diversified employment base that can support renter demand and lease stability, including telecommunications, payroll/HR services, and packaging operations listed below.
- Frontier Communications — telecommunications (17.6 miles)
- ADP Syracuse — payroll & HR services (38.8 miles)
- WestRock — packaging solutions (38.8 miles)
This 31-unit, 1977-vintage asset offers workforce multifamily exposure in a rural submarket where neighborhood occupancy trends are competitive within the Utica-Rome metro, according to commercial real estate analysis from WDSuite. Rents sit at the lower end of the spectrum and rent-to-income levels are manageable, which can bolster retention and stabilize collections when paired with pragmatic rent growth targets.
The property is newer than much of the surrounding housing stock, creating a relative leasing advantage versus older inventory while still warranting targeted capital plans for aging systems and cosmetic updates. Demographic patterns within a 3-mile radius point to flat-to-soft population trends but relatively steady household counts, suggesting a consistent—if not expanding—tenant base. In this setting, durable operations hinge on cost discipline, practical renovations, and positioning toward local workforce renters.
- Competitive neighborhood occupancy within the metro supports leasing stability
- 1977 construction offers an edge versus older stock with targeted value-add potential
- Lower rent-to-income dynamics favor retention and steady collections
- Workforce demand supported by regional employers within commuting range
- Risks: softer population trend, limited nearby amenities, and competition from ownership options