| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 31st | Good |
| Demographics | 36th | Poor |
| Amenities | 95th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 119 N George St, Rome, NY, 13440, US |
| Region / Metro | Rome |
| Year of Construction | 1985 |
| Units | 56 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
119 N George St, Rome NY Multifamily Investment
High renter concentration and amenity-rich surroundings point to durable tenant demand in this Inner Suburb location, according to WDSuite s CRE market data. Neighborhood occupancy has trended up, supporting stable operations for a 56-unit asset.
Livability indicators suggest a renter-friendly micro-location with daily needs close by. Neighborhood measures (not property-level) show dense access to groceries, pharmacies, parks, cafes, and restaurants, with several categories in the top quartile nationally. Within the Utica Rome metro (137 neighborhoods), amenity access is competitive among peers, helping support leasing velocity and retention.
The neighborhood s occupied-housing share is largely renter-occupied, indicating a deep tenant base for multifamily. At the same time, neighborhood occupancy has improved over the last five years, implying resilient absorption and supporting ongoing rent collections and renewal potential.
Within a 3-mile radius, demographics point to a modestly smaller average household size over time, a rising household count, and forecast growth in both households and incomes by 2028. This combination typically expands the renter pool and supports occupancy stability and gradual rent growth as more households enter the market.
Home values in the neighborhood context are relatively low versus national norms, which can create some competition from ownership options. However, the high share of renter-occupied units and broad amenity coverage near the property reinforce depth of demand for rental housing and can aid lease retention in typical turnover cycles.
Safety indicators for the neighborhood compare favorably at a national level: violent and property offense metrics are in the upper national percentiles (safer relative to many U.S. neighborhoods), and recent year-over-year readings show declines. Within the metro, conditions vary by sub-area; investors should benchmark against comparable Utica Rome neighborhoods rather than block-level assumptions.
As with any workforce-oriented location, prudent operations including lighting, access control, and resident engagement can help sustain performance across cycles while supporting retention.
Regional employers within commuting reach help diversify the renter base, with roles in telecom, payroll services, and paper/packaging providing steady white- and blue-collar demand.
- Frontier Communications telecom operations (36.8 miles)
- ADP Syracuse payroll & HR services (37.6 miles)
- WestRock paper & packaging (39.0 miles)
Built in 1985, the property is newer than much of the surrounding housing stock, which skews early-20th-century. That relative vintage can enhance competitive positioning versus older walk-ups while still leaving room for targeted system updates or common-area refreshes to drive value-add returns. Neighborhood measures indicate high renter concentration and improving occupancy, suggesting a broad tenant base and support for pricing discipline, based on commercial real estate analysis from WDSuite.
Within a 3-mile radius, households have grown despite smaller household sizes, and projections through 2028 point to additional household and income growth alongside rising market rents. Together with robust amenity access, these dynamics support a case for steady leasing, retention, and operational consistency relative to metro peers, while acknowledging potential competition from lower-cost ownership options.
- 1985 vintage offers competitive positioning versus older local stock with selective renovation upside
- High renter-occupied share in the neighborhood supports a deep tenant base and occupancy stability
- 3-mile household and income growth outlook supports demand and measured rent growth
- Amenity-rich setting aids leasing velocity and resident retention relative to metro alternatives
- Risk: accessible ownership options can compete for residents; disciplined leasing and unit positioning remain important