| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 31st | Good |
| Demographics | 36th | Poor |
| Amenities | 95th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 152 Turin St, Rome, NY, 13440, US |
| Region / Metro | Rome |
| Year of Construction | 1977 |
| Units | 106 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
152 Turin St, Rome NY Multifamily Investment
Neighborhood-level occupancy is around the low-90s with a high share of renter-occupied units, supporting stable tenant demand in this Inner Suburb, according to WDSuite s commercial real estate analysis. These metrics reference the surrounding neighborhood rather than the property and suggest durable leasing fundamentals at this address.
Located in Rome, NY within the Utica Rome metro, the neighborhood scores well on convenience: grocery, restaurant, cafe, park, pharmacy, and childcare density all rank near the top locally and sit in high national percentiles, indicating strong day-to-day amenities for renters. Amenity access is competitive among the 137 metro neighborhoods and falls in the top quartile nationally for several categories, based on CRE market data from WDSuite.
Renter concentration is elevated, with a large share of housing units renter-occupied in this neighborhood. For multifamily investors, that depth of the renter base typically supports marketing reach and occupancy stability, though it also heightens the importance of product differentiation. Neighborhood occupancy has trended higher over the past five years and sits near the low-90s, but this is a neighborhood indicator, not the property s performance.
Within a 3-mile radius, households have grown while average household size has edged lower, indicating more, smaller households entering the market. Even with relatively accessible ownership costs locally, this mix supports ongoing demand for rental units and can aid lease-up and retention for well-positioned apartments. Median contract rents in the neighborhood remain below many national benchmarks, which can help sustain demand while moderating pricing power.
The neighborhood s housing stock skews older than many U.S. areas, which often creates value-add potential for properties that offer more contemporary systems or finishes. Against metro and national trends, this submarket s combination of amenity access, renter depth, and steady neighborhood occupancy stands out as supportive of multifamily fundamentals.
Safety indicators present a mixed picture. Nationally, the neighborhood benchmarks in the stronger tiers, with violent and property offense measures landing in higher (safer) national percentiles. Within the Utica Rome metro, however, its crime rank is near the bottom of the 137 neighborhoods (a low rank indicates relatively more reported crime versus metro peers). Recent year-over-year trends show estimated violent and property offense rates moving lower, which is a constructive directional signal. These are neighborhood-level indicators and not block-by-block assessments.
Regional employers within commuting range help diversify the employment base and can support renter demand and lease retention. Key names include Frontier Communications, ADP Syracuse, and WestRock.
- Frontier Communications telecommunications (37.1 miles)
- ADP Syracuse payroll and HR services (38.1 miles)
- WestRock packaging and paper (39.5 miles)
152 Turin St offers scale at 106 units in a renter-heavy neighborhood where occupancy has held near the low-90s at the neighborhood level, underpinning demand stability. Built in 1977, the asset is newer than much of the surrounding housing stock, which may position it competitively while leaving room for targeted renovations and systems upgrades as part of a value-add plan. According to CRE market data from WDSuite, amenity access in this Inner Suburb is strong relative to both metro peers and national percentiles, a factor that supports resident satisfaction and renewals.
Within a 3-mile radius, households have increased and are projected to grow further alongside a modest reduction in average household size, pointing to a larger tenant base over time. While local home values and neighborhood-level rents are comparatively accessible, which can temper pricing power, they also help sustain occupancy and broaden the renter pool for workforce-oriented product.
- Neighborhood renter depth and occupancy support stable leasing
- 1977 vintage offers competitive positioning and value-add potential
- Strong amenity access aids retention and marketing reach
- 3-mile household growth suggests a larger future renter pool
- Risks: metro-relative safety rank and accessible ownership may limit pricing power