| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 33rd | Good |
| Demographics | 51st | Fair |
| Amenities | 34th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 4425 Stuhlman Rd, Vernon, NY, 13476, US |
| Region / Metro | Vernon |
| Year of Construction | 1985 |
| Units | 25 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
4425 Stuhlman Rd Vernon NY Multifamily Investment
Neighborhood occupancy sits around the Utica–Rome metro average and renter demand is modest but durable, according to WDSuite’s CRE market data. This smaller rural location favors steady leasing over flash growth, with affordability supporting retention.
Located in a rural pocket of Vernon within the Utica–Rome, NY metro, the neighborhood is rated A- and ranks 36 out of 137 locally, which is competitive among Utica–Rome neighborhoods. Amenities are limited at the block level, but daily needs are supported by a mix of grocery and pharmacy access that trends around national mid-percentiles, and schools average roughly middle-of-the-pack performance nationally.
For investors, the key operating signal is neighborhood occupancy at 90.7% (neighborhood metric, not the property), which tracks near the metro median and has edged higher over the past five years based on CRE market data from WDSuite. Median contract rents in the neighborhood sit below national norms, reinforcing an affordability profile that can aid lease retention while tempering near-term pricing power.
Vintage also matters: the property’s 1985 construction is newer than the area’s older housing stock (average vintage is 1923). This positioning typically improves competitiveness versus legacy assets while still warranting targeted capital plans for aging systems and select interior upgrades to capture value-add upside.
Tenure patterns indicate a smaller but meaningful renter base. Both neighborhood data and the 3-mile radius view show roughly 29–30% of housing units are renter-occupied, suggesting a manageable but steady pool of prospective tenants. Within 3 miles, demographics indicate households are expected to increase while total population trends slightly lower through 2028, implying smaller household sizes and a gradual renter pool recalibration that can support occupancy stability rather than rapid lease-up dynamics.
Home values in the area remain comparatively accessible, and rent-to-income levels (neighborhood metric) point to lower affordability pressure relative to high-cost metros. For multifamily investors, that combination supports resident retention and predictable cash flows, though it may limit outsized rent growth without property-led improvements.
Neighborhood-level crime metrics are not published for this area in WDSuite’s dataset. Investors typically benchmark safety by comparing city and county trend reports and conducting on-the-ground diligence at multiple times of day. Given the rural context, it is prudent to underwrite a conservative security and lighting plan and confirm local enforcement responsiveness.
Commuter-oriented employment is anchored by regional offices within 30–35 miles, providing a stable base of renters who value predictable drive-times. Key employers include Frontier Communications, ADP Syracuse, and WestRock.
- Frontier Communications — telecommunications (27.3 miles)
- ADP Syracuse — payroll & HR services (33.5 miles)
- WestRock — packaging & paper products (34.3 miles)
This 25-unit, mid-1980s asset offers a pragmatic value-add path in a rural Vernon location where neighborhood occupancy runs near the metro average and affordability supports lease retention. The 1985 vintage is relatively new versus the area’s older stock, positioning the property competitively while leaving room for targeted modernization to enhance rents and reduce long-term maintenance risk.
Within a 3-mile radius, households are projected to rise even as total population eases, indicating smaller household sizes and a steady tenant base rather than outsized growth. Median neighborhood rents remain below national levels, implying manageable rent-to-income levels and stable collections, while future rent gains will likely be driven by property improvements and disciplined operations rather than market momentum, according to commercial real estate analysis from WDSuite.
- 1985 construction competes well versus older housing stock, with clear targets for systems and interior updates.
- Neighborhood occupancy near metro norms supports steady leasing and predictable operations.
- Below-national rent levels and manageable rent-to-income support retention and collections.
- Regional employers within commuting distance provide a durable, workforce-oriented renter pool.
- Risks: rural amenity depth is limited and population is projected to soften, which may cap organic rent growth without property-led upgrades.