| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 69th | Best |
| Demographics | 71st | Best |
| Amenities | 21st | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 37 State Highway 310, Canton, NY, 13617, US |
| Region / Metro | Canton |
| Year of Construction | 1992 |
| Units | 33 |
| Transaction Date | 2011-10-01 |
| Transaction Price | $728,740 |
| Buyer | NORTH COUNTRY HOUSING REDEVEL- |
| Seller | CANTON LIMITED PARTNERSHI |
37 State Highway 310 Canton NY Multifamily Investment
Neighborhood-level occupancy is fully stabilized, indicating durable renter demand according to WDSuite’s CRE market data. In a smaller suburban setting, consistent absorption supports income consistency for well-managed assets.
Located in Canton, NY (Saint Lawrence County), the neighborhood rates A+ and ranks 1 out of 76 metro neighborhoods, placing it well above the metro median and signaling strong fundamentals for multifamily investors. Neighborhood occupancy is reported at 100%, with improvement over the past five years, suggesting stable leasing conditions rather than transitory tightness.
Livability is anchored by everyday services more than lifestyle retail. Grocery and pharmacy access rank stronger than many local peers (both above the metro median), while cafes, restaurants, and parks are limited nearby, which typically points to a quieter, suburban profile. For investors, this can skew the renter base toward households prioritizing value and essentials over entertainment-driven amenities.
Tenure dynamics indicate a moderate renter-occupied share within the neighborhood, which supports a meaningful—though not dominant—tenant base for smaller assets. Within a 3-mile radius, demographics skew young-adult heavy with a significant 18–34 share and steady population and household growth, expanding the local renter pool and supporting occupancy stability. Median contract rents remain relatively accessible for the region, reinforcing retention, while the rent-to-income profile suggests manageable affordability pressure under prudent lease management.
Ownership costs in the area are not at the high end of national comparisons, which can create some competition with entry-level ownership. However, median home values and value-to-income levels are high enough to keep multifamily relevant for households seeking more accessible monthly payments or flexibility, supporting steady demand and lease retention in workforce-oriented properties.
Neighborhood-level safety metrics are not available from WDSuite for this location. Investors commonly benchmark risk by comparing regional trends, property operations history, and insurer or lender assessments rather than relying on isolated block-level readings. As always, pair submarket context with on-the-ground diligence and recent trend reviews.
This 33-unit asset benefits from a neighborhood that ranks at the top of the metro and reports full neighborhood occupancy, pointing to consistent renter demand and leasing stability for well-managed properties. Within a 3-mile radius, a sizable young-adult population and increases in both population and households broaden the tenant base and support steady absorption. According to CRE market data from WDSuite, rents remain relatively accessible for local incomes, which can aid retention while leaving room for disciplined revenue optimization.
The suburban setting emphasizes essentials over lifestyle amenities, aligning with workforce renters who prioritize value and proximity to services. While ownership is reasonably attainable for some households, multifamily remains relevant for flexibility and monthly cost management—supporting ongoing demand for smaller, professionally managed communities.
- Top-ranked neighborhood in the metro with fully stabilized neighborhood occupancy, supporting leasing consistency.
- Expanding 3-mile renter pool as population and households grow, reinforcing demand depth.
- Rent levels remain accessible relative to local incomes, aiding retention and steady cash flow.
- Suburban profile with essential services suits value-oriented renters, supporting stable tenancy.
- Risk: Limited nearby lifestyle amenities may temper rent premiums; attainable ownership can compete for some households.