| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 23rd | Fair |
| Demographics | 60th | Best |
| Amenities | 71st | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 202 Washington St, Ogdensburg, NY, 13669, US |
| Region / Metro | Ogdensburg |
| Year of Construction | 1975 |
| Units | 110 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
202 Washington St, Ogdensburg NY Multifamily Investment
Positioned in an inner-suburb setting with strong everyday amenities and top-of-metro schools, this asset targets steady renter demand and retention, according to WDSuite’s CRE market data. Neighborhood occupancy is measured for the area—not the property—and signals stable but competitive leasing conditions.
The property sits in an Inner Suburb neighborhood rated A and ranked 5 out of 76 across the Ogdensburg-Massena metro—competitive among local neighborhoods. Amenity access is a clear strength, with parks and pharmacies ranking at the top of the metro and grocery access also above the metro median. These everyday conveniences support renter satisfaction and day-to-day livability.
Schools in the neighborhood score at the top of metro rankings and track in the top percentiles nationally, a differentiator that can aid leasing and retention for family and workforce households. Median household income in the neighborhood trends below national medians, but the rent-to-income profile indicates limited affordability pressure, helping support lease stability while tempering near-term pricing power.
Renter-occupied units account for roughly one-third of neighborhood housing, indicating a moderate renter concentration and a tenant base oriented to value. Neighborhood occupancy is in the middle of national ranges; this supports ongoing absorption but calls for disciplined operations and targeted unit positioning.
Within a 3-mile radius, demographics indicate recent population softness but a projected increase in households and a smaller average household size over the next five years. That mix typically expands the renter pool for smaller formats and supports occupancy stability in well-managed assets.
The building’s 1975 vintage is newer than much of the local housing stock, which skews early-20th century. This positioning offers a relative edge versus older inventory while still allowing for value-add through system upgrades and interior modernization where returns pencil.
Neighborhood safety signals are mixed relative to the Ogdensburg-Massena metro and national benchmarks. Crime ranks 12 out of 76 in the metro (lower ranks indicate higher crime), placing the area below the metro median for safety, yet national percentiles show a more nuanced picture—violent offense rates trend around mid-national levels while property offense rates sit below national averages.
Recent trend data suggests property offenses declined over the last year, while violent offenses rose, underscoring the importance of active property management, lighting, and access controls. These statistics apply to the neighborhood, not this property specifically, and should be monitored as part of ongoing risk management.
Employer distance details are not available for this location at this time; investors should consider regional healthcare, education, and public services as likely demand drivers and verify commute patterns during due diligence.
With 110 units and compact floor plans, the asset addresses value-oriented renter demand in a neighborhood that ranks competitively within the Ogdensburg-Massena metro. Strong day-to-day convenience (parks, pharmacies, grocery) and top-ranked schools are supportive of leasing and retention. Based on CRE market data from WDSuite, neighborhood occupancy trends and a moderate renter concentration point to steady demand, with performance hinging on operations and unit-level execution.
The 1975 vintage is newer than the area’s older housing base, offering relative competitiveness and potential value-add through modernization. Ownership costs in the area are more accessible than in high-cost markets, which can limit pricing power, but also fosters durable renter loyalty when units remain well-priced and managed for affordability.
- Competitive neighborhood rank in a small metro supports steady leasing when operations are disciplined.
- Everyday amenities and top-of-metro schools reinforce retention and family-friendly appeal.
- 1975 vintage provides relative edge over older local stock with value-add potential from targeted upgrades.
- Moderate renter concentration and manageable rent-to-income profile support stability for value-oriented units.
- Risks: below-metro safety standing, historically softer population trends, and potential competition from ownership alternatives.