| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 33rd | Good |
| Demographics | 51st | Fair |
| Amenities | 34th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 5210 W Seneca St, Vernon, NY, 13476, US |
| Region / Metro | Vernon |
| Year of Construction | 1980 |
| Units | 32 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
5210 W Seneca St Vernon Multifamily Investment
Neighborhood occupancy has held relatively steady with modest improvement, and rent levels remain attainable for the local income base, according to WDSuite’s CRE market data. This supports stable renter demand while allowing room for operational value creation.
The property is situated in a Rural neighborhood within the Utica–Rome metro that WDSuite rates A-, ranked 36 out of 137 metro neighborhoods — competitive among Utica–Rome neighborhoods. Local occupancy trends have been stable and near the national mid-range, a constructive signal for maintaining tenancy and managing turnover risk.
Livability is serviceable for a rural setting: park and pharmacy access score around the national mid-tier, while restaurants are present but not dense. School quality averages about 3.0 out of 5 and places above the national mid-point — a supportive indicator for long-term household stability in the area.
Renter-occupied housing comprises roughly under one-third of units in the neighborhood, indicating a smaller but durable tenant base. For multifamily operators, this suggests demand is present yet may be more price-sensitive, making attentive lease management and resident retention programs important.
Demographic statistics aggregated within a 3-mile radius point to slightly negative population growth alongside an increase in total households and smaller household sizes through the mid‑2020s. This typically expands the number of renting decision-makers even with flat or declining headcount, supporting baseline demand for well-managed units. Median incomes are projected to trend higher, and asking rents are expected to rise from current levels, which can support revenue, provided affordability and retention are monitored.
Home values are relatively accessible versus many U.S. markets, which can introduce competition from ownership. For multifamily investors, this dynamic often favors assets that compete on convenience, flexibility, and refreshed finishes rather than purely on price. Notably, the average neighborhood building stock skews older; with a 1980 vintage, the asset is newer than much of the surrounding inventory, offering relative competitiveness while still warranting targeted system updates and modernization to sustain performance.
Comparable safety metrics for this neighborhood are not available in WDSuite’s dataset for the current period. Investors should contextualize property-level risk using multiple sources, including municipal reports and insurance/loss runs, and benchmark against nearby Utica–Rome neighborhoods where data is published.
Regional employment is diversified across communications, payroll services, and packaging, providing a commuter-oriented renter base that can support demand and retention. Key nearby employers include Frontier Communications, ADP Syracuse, and WestRock.
- Frontier Communications — telecommunications (27.5 miles)
- ADP Syracuse — payroll & HR services (32.8 miles)
- WestRock — packaging & paper products (33.6 miles)
5210 W Seneca St offers a 1980 vintage positioned in a rural A- rated neighborhood that is competitive within the Utica–Rome metro. Neighborhood occupancy sits around the national midpoint and has edged higher, supporting baseline stability. The renter-occupied share is smaller than in urban cores, so demand is present but benefits from careful pricing and resident retention. With the broader area’s older housing stock, this property’s later vintage provides relative competitive standing, though investors should budget for system upgrades and selective renovations to enhance leasing velocity.
Within a 3-mile radius, forecasts indicate slightly softer population levels but a rise in total households and smaller household sizes — dynamics that typically expand the renter pool and help sustain occupancy. Rising household incomes and rent trends can support revenue management, according to CRE market data from WDSuite, though competition from more accessible ownership options suggests a focus on value-add finishes, convenience, and service to drive retention.
- Competitive A- neighborhood ranking within Utica–Rome supports stable screening fundamentals
- 1980 vintage is newer than much of the area’s stock, with value-add and modernization potential
- Household growth and smaller household sizes within 3 miles expand the renter decision-maker base
- Risk: smaller renter concentration and accessible ownership imply measured pricing power and the need for strong retention