| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 46th | Good |
| Demographics | 64th | Good |
| Amenities | 16th | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 275 Jefferson Ave, Canandaigua, NY, 14424, US |
| Region / Metro | Canandaigua |
| Year of Construction | 1983 |
| Units | 65 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
275 Jefferson Ave Canandaigua NY Multifamily Investment
Stabilized neighborhood dynamics with top-quartile occupancy and a solid renter-occupied housing base support durable cash flow, according to WDSuite’s CRE market data.
Located in Canandaigua within the Rochester, NY metro, the neighborhood posts a B rating and sits above the metro median overall (rank 134 of 359). Occupancy across the neighborhood is strong at an estimated 98.5%, which places it in the top quartile among 359 metro neighborhoods and well above national norms, based on CRE market data from WDSuite. For investors, that backdrop supports leasing stability and reduces downtime risk.
Amenity access is mixed: restaurant density ranks near the top of the metro (8 of 359) and in the 96th percentile nationally, while counts for cafes, grocers, parks, and pharmacies are limited in the immediate area. The combination suggests everyday conveniences may require short drives, but dining options and local services are still within reach at the submarket level.
Tenure data indicate a renter-occupied share around the mid‑40% range in the neighborhood, signaling a meaningful tenant base and supporting multifamily demand. Median contract rents in the area are moderate relative to incomes, and the neighborhood’s rent-to-income profile implies manageable affordability pressure — a positive for retention and collections. Median home values are lower than many national peers, which can introduce some competition from ownership, but it also tends to keep multifamily positioned as an accessible housing option.
Within a 3-mile radius, demographics point to nuanced demand: population has been generally flat in recent years while household counts have increased, indicating smaller household sizes and a potential tilt toward rental living. Looking ahead, forecasts show growth in both households and incomes by 2028 alongside an expanding 18–34 renter cohort, which should support the renter pool and help sustain occupancy over the medium term.
Safety indicators are mixed when viewed through metro versus national lenses. Within the Rochester metro, the neighborhood’s crime rank (35 out of 359, where a lower rank signals higher crime) places it among the less favorable cohorts locally. Nationally, however, comparative percentiles are more constructive: property-related incidents benchmark in the 96th percentile (safer than most neighborhoods nationwide) and violent-offense rates in the 82nd percentile, according to WDSuite’s CRE market data.
Investors should note recent volatility in violent-offense trends over the last year, even as property-related measures remain comparatively favorable. Underwriting should account for these directional differences and rely on up-to-date local reporting and management practices rather than block-level assumptions.
The location is within commuting distance of major regional employers in beverages, life sciences, telecom, technology, and industrial distribution, helping support workforce housing demand and resident retention.
- Constellation Brands — beverage HQ (14.1 miles) — HQ
- Thermo Fisher Scientific — life sciences (15.1 miles)
- Dish Network — telecom (22.5 miles)
- Xerox Corporation — technology offices (24.3 miles)
- Wesco Distribution — industrial distribution (28.3 miles)
Built in 1983, the asset is newer than much of the local housing stock, which skews early‑20th‑century. That vintage positioning can offer competitive appeal versus older properties while still warranting targeted capital planning for systems and unit modernization. Neighborhood fundamentals are supportive: top‑quartile occupancy, a sizable renter-occupied share, and moderate rents relative to incomes point to a broad tenant base and steady lease-up. According to CRE market data from WDSuite, local restaurant density is a relative strength, even as day‑to‑day amenities are less concentrated immediately nearby.
Within a 3‑mile radius, households have been rising and are projected to grow further by 2028 alongside higher median incomes and an expanding 18–34 cohort — all consistent with deeper multifamily demand and occupancy stability. Balanced ownership costs locally may limit outsized pricing power, but they also support durable retention given manageable rent-to-income levels.
- Top‑quartile neighborhood occupancy supports leasing stability and reduced downtime risk.
- 1983 vintage offers competitive positioning versus older stock with balanced value‑add potential.
- 3‑mile household growth and rising incomes underpin a larger renter pool and retention.
- Proximity to diversified employers supports workforce housing demand and leasing durability.
- Risks: thinner immediate amenity mix and recent volatility in safety trends warrant conservative underwriting.