| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 48th | Best |
| Demographics | 37th | Fair |
| Amenities | 6th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 37 Riverside Dr, Canton, NY, 13617, US |
| Region / Metro | Canton |
| Year of Construction | 1975 |
| Units | 109 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
37 Riverside Dr, Canton NY Multifamily Investment
Neighborhood-level occupancy is exceptionally stable, indicating resilient renter demand according to WDSuite s CRE market data. For investors, this points to steady leasing conditions in a small suburban setting.
Located in Canton, NY, the property sits in a suburban neighborhood rated B+ and positioned 21st among 76 metro neighborhoods, indicating performance above the metro median on several fundamentals. Neighborhood occupancy is ranked 1st of 76 and sits in the top quartile nationally, supporting expectations for stable rent rolls and limited downtime between turns (neighborhood measure, not property-specific).
Renter-occupied housing is comparatively concentrated at the neighborhood level (ranked 2nd of 76; top quartile nationally). For multifamily owners, this suggests a deeper tenant base and demand continuity relative to many peer submarkets, though pricing strategy should still reflect local income mix and lease retention objectives.
Within a 3-mile radius, households have grown in recent years with further expansion forecast, adding to the potential renter pool and supporting occupancy stability. Median contract rents in the 3-mile area remain accessible versus many metros, which can aid lease-up and renewal, while the area s lower home value context (metro-comparable and below many national markets) may increase competition from ownership options; lease management should emphasize retention and value differentiation rather than aggressive rent steps.
Amenity density in the immediate neighborhood is limited, with few cafes, grocers, pharmacies, or parks per square mile compared with many metro peers. Investors should expect residents to rely on a broader trade area for daily needs; marketing should highlight convenience to regional services and emphasize on-site features and unit livability to support leasing.
The building s 1975 vintage is newer than the neighborhood s average construction year. This can be competitively advantageous versus older stock, while still warranting targeted capital planning for mid-1970s systems, common areas, and potential value-add upgrades to bolster rent positioning.
Neighborhood-level crime data are not available in WDSuite for this area. Investors typically compare local trends to the broader Ogdensburg Massena metro and national benchmarks to contextualize safety and resident perceptions. When underwriting, consider visibility, lighting, access control, and property operations as practical mitigants regardless of submarket averages.
This 109-unit, mid-1970s asset offers exposure to a renter-heavy neighborhood where occupancy performance ranks at the top of the Ogdensburg Massena metro. Based on CRE market data from WDSuite, the neighborhood s stability, combined with household growth within 3 miles and relatively accessible rents, supports an investment case centered on steady leasing and pragmatic, value-focused operations.
The 1975 vintage is positioned ahead of much older neighborhood stock, creating a platform for targeted renovations and operational improvements to sustain competitiveness. Key considerations include measured rent growth to protect retention in a lower home-value context and acknowledging limited on-the-doorstep amenities by emphasizing property features and management quality.
- Neighborhood occupancy ranks 1st of 76, indicating strong leasing stability (neighborhood metric, not property-specific).
- High renter-occupied share at the neighborhood level deepens the tenant base and supports demand durability.
- 1975 vintage provides a value-add platform versus older area stock with targeted capital planning.
- Household growth within 3 miles and accessible rents underpin lease-up and renewal potential.
- Risks: limited immediate amenities and potential competition from ownership options; prioritize retention and on-site value proposition.