| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 48th | Best |
| Demographics | 37th | Fair |
| Amenities | 6th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 35 Riverside Dr, Canton, NY, 13617, US |
| Region / Metro | Canton |
| Year of Construction | 1979 |
| Units | 50 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
35 Riverside Dr, Canton NY Multifamily Investment
Neighborhood occupancy is exceptionally tight with stability measured at the neighborhood level, according to WDSuite’s CRE market data, supporting steady leasing fundamentals relative to the Ogdensburg–Massena metro. With renter demand sustained by a sizable local renter-occupied share, the asset can compete on functional unit sizes and pragmatic value rather than amenities.
Canton’s neighborhood registers a B+ rating and ranks above the metro median (21 of 76 neighborhoods), signaling competitive fundamentals within the Ogdensburg–Massena region. Neighborhood metrics point to full occupancy at the neighborhood level with an upward trend over five years, which supports investor expectations for leasing consistency relative to metro peers (based on CRE market data from WDSuite). Note these occupancy dynamics are measured for the neighborhood, not the property.
Livability is modest in terms of retail and services density, with limited cafes, childcare, groceries, parks, and pharmacies within the neighborhood boundary and some restaurant presence. This suggests demand is driven more by housing need, commute patterns, and value positioning than by walkable amenity depth. Compared with national norms, amenity density indexes on the lower end, which can favor properties that deliver reliable operations, parking, and in-unit functionality over lifestyle extras.
Tenure data indicates a high renter concentration at the neighborhood level, with a renter-occupied share that sits near the top of the metro distribution. For investors, that points to a deeper tenant base and potential resilience in leasing velocity, provided pricing and unit finishes align with local budgets.
Within a 3-mile radius, demographics show recent population growth alongside a larger household count and a notably high share of residents aged 18–34. These dynamics typically expand the renter pool and can support occupancy stability and renewal rates. Median household income has trended higher, and projected household growth over the next five years suggests continued depth for workforce-oriented rentals, though lease management should account for affordability and retention across varied income bands.
The property’s 1979 vintage is newer than the neighborhood’s average construction year (1957). That positioning can be competitively helpful versus older stock, while still leaving room for targeted modernization (systems, interiors, and common areas) to enhance rentability and retention without overcapitalizing.
Comparable safety data for this neighborhood are not available in WDSuite’s dataset for the Ogdensburg–Massena metro, so no neighborhood-level rank or national percentile can be cited. Investors should review local public sources and historical trends to benchmark the area against nearby neighborhoods and the broader region, focusing on multi-year direction rather than single-period readings.
Employer proximity insights with verified distances are not available for this address in the current dataset. Investors typically underwrite to regional institutions and commuting patterns when local amenity density is light.
This 50-unit, 1979-vintage asset offers functional average unit sizes for the market and sits in a neighborhood that ranks above the metro median with full occupancy measured at the neighborhood level. Based on commercial real estate analysis from WDSuite, a high renter-occupied share locally and a 3-mile radius showing growth in households and a strong 18–34 population indicate a durable tenant base. Rent levels in the area remain relatively modest with steady trajectory, suggesting room to compete on value with selective upgrades rather than extensive amenity spend.
Near-term strategy centers on operational reliability and targeted renovations to sharpen leasing and renewals versus older competitive stock. Medium term, projected increases in households and incomes within 3 miles support demand for well-managed workforce housing, while investors should remain mindful of thinner amenity density and small-metro liquidity considerations.
- Neighborhood-level occupancy at full levels supports leasing stability relative to metro peers.
- 1979 vintage newer than local average offers value-add via targeted modernization versus older stock.
- 3-mile demographics show household growth and a large 18–34 cohort, reinforcing renter demand.
- Modest area rents and rising incomes provide room to compete on value with efficient upgrades.
- Risks: limited amenity density and small-metro depth may temper absorption and liquidity; underwrite conservatively.