| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 51st | Best |
| Demographics | 52nd | Fair |
| Amenities | 13th | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1004 Hunts Park Rd, Farmington, NY, 14425, US |
| Region / Metro | Farmington |
| Year of Construction | 1973 |
| Units | 92 |
| Transaction Date | 2001-08-16 |
| Transaction Price | $2,686,200 |
| Buyer | I GORDON CORP |
| Seller | TILLIS LAWRENCE B |
1004 Hunts Park Rd, Farmington NY — 92-Unit Multifamily
Neighborhood-level occupancy is running at the top of the Rochester metro, supporting stable tenancy, according to WDSuite’s CRE market data. Renter demand appears durable at the neighborhood scale, though investors should underwrite to local affordability and amenity depth.
This inner-suburban location in Farmington sits within a neighborhood that ranks first out of 359 Rochester neighborhoods for occupancy, indicating exceptionally tight conditions and supporting lease stability. Median asking rents here track above many U.S. neighborhoods (77th national percentile), while the area’s renter-occupied share is elevated at the neighborhood level, signaling a deep tenant base for multifamily.
Livability is more utilitarian than lifestyle-oriented: grocery access is comparatively strong (78th national percentile), but dining, parks, and cafes are sparse locally. For investors, that mix favors workforce-oriented positioning and value-focused amenities on-site to drive retention rather than relying on surrounding entertainment.
Within a 3-mile radius, demographics point to expansion in the renter pool: population and households have grown meaningfully since 2018 and are projected to continue rising through 2028, supporting occupancy stability and future leasing velocity. Median and mean household incomes within this radius have been trending higher as well, broadening the qualified tenant base for professionally managed properties.
The property’s 1973 vintage is older than the neighborhood’s average construction year (1994). That age profile suggests planning for systems updates and unit renovations; in return, targeted value-add can enhance competitive positioning against newer stock while capitalizing on tight neighborhood occupancy. Rent-to-income ratios at the neighborhood scale point to some affordability pressure, so proactive lease management and measured rent growth strategies are prudent.
Neighborhood-specific crime metrics are not available in this data pull. Investors typically benchmark conditions against broader Rochester and Ontario County trends and review multi-year patterns from independent sources to understand directional risk. Given tight occupancy and workforce orientation locally, many owners emphasize lighting, access control, and resident engagement as standard risk management practices.
- Constellation Brands — beverage alcohol (5.8 miles) — HQ
- Thermo Fisher Scientific In Fairport Ny — life sciences (6.9 miles)
- Dish Network — telecommunications (15.1 miles)
- Xerox Corporation — technology & services (16.3 miles)
- Constellation Brands, Inc. — beverage alcohol (16.9 miles)
1004 Hunts Park Rd offers scale at 92 units in a neighborhood showing top-of-metro occupancy and an elevated renter-occupied share, supporting day-one stability. According to CRE market data from WDSuite, local rents sit above many U.S. neighborhoods while surrounding amenity depth is limited, favoring a practical, workforce-oriented positioning that leans on on-site features to drive retention.
The 1973 vintage implies capital planning for systems and interiors, creating clear value-add pathways. Within a 3-mile radius, population and household growth are expected to continue through 2028 alongside rising incomes, which supports a larger tenant base and sustained leasing. Underwriting should account for rent-to-income sensitivity and the need to balance pricing power with retention strategies in a tight but cost-conscious market.
- Tight neighborhood occupancy supports leasing stability
- Elevated renter concentration at the neighborhood level deepens tenant base
- 1973 vintage offers value-add and modernization upside
- 3-mile radius growth and rising incomes support long-term demand
- Risks: limited nearby amenities, affordability pressure, and capex for older systems