| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 33rd | Fair |
| Demographics | 29th | Poor |
| Amenities | 69th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 260 W North St, Geneva, NY, 14456, US |
| Region / Metro | Geneva |
| Year of Construction | 1990 |
| Units | 55 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
260 W North St, Geneva NY Multifamily Opportunity
Neighborhood fundamentals point to steady renter demand and relative affordability, according to WDSuite’s CRE market data, with a renter-occupied share that is competitive within the Rochester metro and amenity access that supports daily needs.
Located in Geneva within the Rochester, NY metro, the neighborhood is rated B+ and ranks 123 out of 359 metro neighborhoods, indicating performance above the metro median across several investor-relevant factors. Amenity access is competitive among Rochester neighborhoods, with grocery, pharmacy, and parks density above national medians, while café density is limited — suggesting a practical, needs-based amenity mix rather than a destination retail corridor.
For rent dynamics, neighborhood-level occupancy sits around the low-90s (90.5% for the neighborhood) and has softened modestly over five years; this places the area below the metro median for occupancy. Rents trend moderate versus national levels (neighborhood median contract rent near the lower national tiers), which can temper affordability pressure and support lease retention for workforce-oriented assets.
Tenure data shows a renter-occupied share of 44.9% at the neighborhood level (competitive among Rochester neighborhoods), indicating a sizable tenant base for a 55-unit asset. Home values are comparatively low for the region, which can create some competition from ownership options; however, more accessible ownership costs may also sustain steady demand for well-managed rentals that deliver convenience and quality.
The average neighborhood construction year skews older (1920), while the subject’s 1990 vintage is newer than much of the local stock — a relative competitive position that can reduce near-term obsolescence risk while still warranting capital planning for systems modernization or value-add updates.
Within a 3-mile radius, household counts have inched higher in recent years even as average household size edged down, and projections call for continued household growth alongside rising incomes. This points to a broader renter pool expansion and supports occupancy stability and pricing power for well-positioned multifamily assets, based on CRE market data from WDSuite.
Comparable neighborhood safety data is limited in this dataset. Investors often benchmark against Rochester metro trends and prioritize standard risk controls such as lighting, access management, and resident screening. Where available, reviewing multi-year police or municipal reports can clarify whether local conditions are improving or stable relative to the broader region.
Regional employers within commuting range support renter demand and retention through stable professional and industrial job bases, notably in life sciences, beverage, technology, and distribution. The list below highlights nearby anchors relevant to leasing velocity for workforce and professional tenants.
- Thermo Fisher Scientific — life sciences (24.9 miles)
- Constellation Brands — beverage & consumer goods (26.2 miles) — HQ
- Xerox Corporation — technology & services (32.0 miles)
- Dish Network — telecommunications (35.7 miles)
- Wesco Distribution — electrical distribution (40.0 miles)
This 55-unit, 1990-vintage property benefits from a renter-occupied neighborhood share that is competitive within the Rochester metro and amenity access that meets daily needs. Relative affordability — reflected in neighborhood-level rents that sit below national medians — can help support lease retention even as occupancy trends have been below the metro median. The 1990 construction offers a newer profile than much of the area’s older housing stock, positioning the asset for value-add renovations targeting interiors and common areas rather than full-scale repositioning.
Within a 3-mile radius, households have been increasing and are projected to grow further, with smaller average household sizes pointing to more renters entering the market. Coupled with proximity to diversified regional employers, this underpins stable demand. According to CRE market data from WDSuite, neighborhood amenity density is strong for parks, groceries, and pharmacies, supporting day-to-day livability that can aid retention.
- Renter base depth: neighborhood renter-occupied share supports consistent leasing for a 55-unit asset.
- Relative affordability: moderate rents and a balanced rent-to-income backdrop can support retention.
- Vintage advantage: 1990 construction is newer than much of the area’s housing stock, with value-add upside through targeted updates.
- Amenity fundamentals: strong access to parks, groceries, and pharmacies enhances livability and leasing stability.
- Risks: neighborhood occupancy is below the metro median and school ratings are weaker than national medians; underwriting should reflect conservative lease-up and renewal assumptions.