| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 22nd | Fair |
| Demographics | 32nd | Poor |
| Amenities | 0th | Poor |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 26 West St, Edmeston, NY, 13335, US |
| Region / Metro | Edmeston |
| Year of Construction | 1992 |
| Units | 21 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
26 West St, Edmeston NY Multifamily Investment
Rural workforce housing with low rent-to-income and steady neighborhood occupancy, according to WDSuite s CRE market data, supports retention and predictable leasing. Newer vintage for the area offers operational upside with measured capital planning.
This rural Edmeston location offers quiet setting fundamentals with limited retail and service density nearby, which positions the asset primarily as local workforce housing rather than amenity-driven leasing. Neighborhood schools trend favorably for the metro: the average school rating ranks 2 out of 47 Oneonta neighborhoods, placing the area among the top quartile locally and above the national midpoint, based on WDSuite s CRE market data.
Neighborhood occupancy is competitive among Oneonta neighborhoods (ranked 9 of 47), suggesting stable housing utilization even in a low-amenity context. At the same time, renter-occupied housing represents roughly one-fifth of units, indicating a predominantly owner-occupied area; for investors, that points to a smaller but durable renter base with less transience.
Within a 3-mile radius, demographics indicate recent population growth with projections calling for further expansion over the next five years. A rising share of younger and family-age residents alongside increasing household size implies a larger tenant base and steady demand for multi-bedroom layouts, supporting occupancy stability and renewal potential.
Affordability is a relative strength: low median contract rents and a modest rent-to-income ratio reduce affordability pressure, which can aid lease retention and limit turnover. However, comparatively accessible for-sale housing in the area can create competition with ownership, tempering rent growth expectations and reinforcing the importance of thoughtful unit finishes and resident experience.
Verified, comparable crime metrics for this neighborhood are limited in WDSuite at this time, so investors should rely on broader regional context and property-level operating history when assessing risk. Use a consistent framework that compares neighborhood-level trends to the Oneonta metro and national baselines when such data is available.
Local employment is anchored by regional services and communications, supporting commute convenience for workforce renters. The employers below illustrate nearby demand drivers within a practical drive radius.
- Frontier Communications corporate offices (12.7 miles)
Built in 1992, this 21-unit asset is newer than much of the area s housing stock, which can reduce immediate capital needs while leaving room for targeted value-add to modernize systems and finishes. In a rural setting with limited amenity density, neighborhood occupancy ranks competitively versus Oneonta peers, and low rent-to-income supports retention and predictable collections.
Within a 3-mile radius, population is growing and is projected to continue expanding, which points to a larger renter pool and supports long-term leasing fundamentals. Ownership remains comparatively accessible locally, so rent growth may be measured; disciplined operations and thoughtful upgrades should focus on durability and resident experience rather than premium positioning, according to commercial real estate analysis from WDSuite.
- Newer 1992 vintage versus older neighborhood stock supports manageable near-term capex with targeted modernization upside
- Competitive neighborhood occupancy and low rent-to-income favor retention and cash flow stability
- 3-mile population growth expands the tenant base and supports steady leasing over time
- Risk: limited nearby amenities and accessible homeownership can moderate rent growth prioritize operational efficiency and resident experience