| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 40th | Best |
| Demographics | 62nd | Best |
| Amenities | 14th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 20 Gardner Pl, Oneonta, NY, 13820, US |
| Region / Metro | Oneonta |
| Year of Construction | 1989 |
| Units | 110 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
20 Gardner Pl, Oneonta NY Multifamily Investment
Renter concentration is elevated at the neighborhood level, supporting depth of tenant demand even as occupancy trends vary across the metro, according to WDSuite’s CRE market data. Positioning and operations will be key to capture steady leasing from the local workforce and student-adjacent base.
The property sits in an Inner Suburb location within the Oneonta, NY metro and is rated A- (ranked 8 of 47 neighborhoods), placing it in the top quartile among metro peers based on WDSuite’s CRE market data. Park access is a relative strength (ranked 1 of 47; top quartile nationally), which supports neighborhood livability and resident retention, while broader amenity density (cafes, groceries, restaurants) is thinner and may require short drives.
At the neighborhood level, renter-occupied housing accounts for a sizable share of units (approximately 39%, ranked 2 of 47), indicating a deep renter base that can support leasing velocity and renewal potential. Median contract rents benchmark near the metro middle, and the rent-to-income ratio around 17% suggests manageable affordability pressure that can aid lease stability and reduce turnover risk.
Construction vintage in the area skews early (average 1925), and this 1989 asset is newer than much of the surrounding stock. That positioning can enhance competitiveness versus older comparables, while still warranting selective modernization planning for systems and finishes to support pricing power.
Within a 3-mile radius, demographic data show households have been increasing even as population was broadly flat to slightly lower in recent years, implying smaller household sizes and a sustained renter pool. Projections indicate further household growth over the next five years, which can expand the tenant base and support occupancy stability. School ratings in the neighborhood sit around the metro middle (ranked 5 of 47; roughly average nationally), aligning with workforce and student-oriented rental demand rather than top-tier family-school drivers.
Home values are lower than many coastal markets, and ownership remains a higher-commitment option locally. In this context, elevated homeownership costs relative to incomes in other regions are less of a factor here; instead, Oneonta’s accessible ownership landscape can create some competition for renters nearing purchase readiness, but rent levels and convenience typically sustain multifamily demand and retention.
Comparable safety rankings for this neighborhood are not available in WDSuite’s data release for the current period. Investors should evaluate city and county trend sources alongside property-level controls (lighting, access, and management practices) and consider how the area compares with broader Oneonta metro patterns when underwriting.
Regional employment is anchored by a mix of telecommunications and related corporate services reachable by highway, supporting commute-friendly renter demand for workforce housing.
- Frontier Communications — telecommunications (27.3 miles)
20 Gardner Pl offers 110 units in a submarket where renter concentration is high and parks access is a standout amenity, supporting resident appeal and renewal potential. The 1989 vintage is notably newer than the surrounding neighborhood average, giving the asset a competitive position versus older stock, while targeted updates can further enhance performance. Based on commercial real estate analysis from WDSuite, neighborhood rents track near the metro middle with a rent-to-income profile that supports lease retention, and 3-mile demographics point to continued household growth that can expand the renter base.
Balancing factors include thinner nearby retail amenities and neighborhood occupancy that sits below national norms, making operational execution and marketing to the local workforce and student-adjacent segments important to sustain absorption and pricing.
- Newer 1989 vintage relative to area stock supports competitive positioning and modest value-add potential
- Elevated renter-occupied share at the neighborhood level deepens tenant base and aids leasing stability
- Parks access and manageable rent-to-income dynamics support retention and pricing discipline
- 3-mile household growth projections expand the renter pool, underpinning future demand
- Risk: amenity-light surroundings and below-national occupancy require focused operations and demand capture