| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 36th | Fair |
| Demographics | 34th | Poor |
| Amenities | 29th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 320 Hamilton St, Albion, NY, 14411, US |
| Region / Metro | Albion |
| Year of Construction | 1986 |
| Units | 40 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
320 Hamilton St, Albion NY Multifamily Investment
Renter demand is supported by a broader 3-mile tenant base and a workforce draw from nearby employers, while the 1986 vintage offers value-add potential versus older local stock, according to WDSuite’s CRE market data.
Albion sits within the Rochester, NY metro and is classified as a Rural neighborhood with a C+ rating. Neighborhood occupancy is below the metro median among 359 neighborhoods, signaling the need to emphasize leasing and renewals to maintain stability. At the same time, the 3-mile area shows a meaningful renter-occupied presence, broadening the prospective tenant pool beyond the immediate blocks.
The property’s 1986 construction is newer than the neighborhood’s average vintage (1969), which can position the asset more competitively against older stock while still leaving room for targeted upgrades to modernize systems and finishes. Renter-occupied share at the neighborhood level is modest (reported as a smaller portion of housing units), but within a 3-mile radius renters account for an estimated one-third of occupied units, which supports multifamily demand and leasing depth across a wider catchment area.
Local living patterns reflect a small-town profile: overall amenities rank as competitive among Rochester neighborhoods (ranked in the stronger half relative to 359 neighborhoods), with cafes testing stronger than average while parks and pharmacies are limited. This typically implies more auto-oriented living and underscores the importance of on-site conveniences and functional unit layouts for retention.
Ownership costs in the neighborhood trend on the lower side relative to national markets, which can create some competition with for-sale options. However, median contract rents and a rent-to-income profile that indicates relatively manageable affordability support lease retention and steady demand when paired with thoughtful rent management and value-forward renovations.
Public crime statistics specific to this neighborhood are limited in the available dataset. Investors typically benchmark property-level safety using county and metro comparisons, trend reviews, and on-the-ground assessments. Given the rural context, prudent measures include confirming lighting, access control, and resident feedback, and monitoring publicly available law enforcement reports for directional trends rather than relying on block-level claims.
Regional employers within commuting range help sustain renter demand and lease retention, particularly for workforce households. Notable nearby employment nodes include electrical distribution, beverage production, telecom, and health services.
- Wesco Distribution — electrical distribution (27.6 miles)
- Constellation Brands, Inc. — beverage/alcohol (30.4 miles)
- Dish Network — telecom (30.6 miles)
- UnitedHealth Group — health insurance (37.2 miles)
- Constellation Brands — beverage/alcohol (40.1 miles) — HQ
This 40-unit 1986 asset offers a practical value-add path in a rural submarket where neighborhood occupancy trends run below the metro median. Newer vintage relative to local averages can translate into fewer near-term structural needs and competitive positioning versus older properties, while selective interior and systems upgrades can unlock rent and retention upside. Within a 3-mile radius, population has grown in recent years and household counts are projected to increase, indicating a larger tenant base over time and support for occupancy stability.
Home values in the area are comparatively accessible, which can introduce competition from ownership; however, median contract rents and rent-to-income dynamics indicate manageable affordability, aiding lease renewals when paired with disciplined pricing. According to CRE market data from WDSuite, the broader neighborhood shows a moderate renter concentration, and proximity to diversified employers provides an additional buffer for leasing through cycles.
- 1986 construction is newer than local average, supporting competitive positioning with targeted modernization
- 3-mile renter base and projected household growth expand the pool of prospective tenants
- Rent-to-income profile suggests room for retention via thoughtful rent management
- Regional employers within commuting range bolster workforce housing demand
- Risk: neighborhood occupancy trails metro median and amenities are limited, requiring proactive leasing and resident services