| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 27th | Good |
| Demographics | 42nd | Good |
| Amenities | 13th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 101 Swan St, Potsdam, NY, 13676, US |
| Region / Metro | Potsdam |
| Year of Construction | 1993 |
| Units | 38 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
101 Swan St, Potsdam NY Multifamily — 38 Units
Steady renter demand is supported by a larger 3-mile renter base and low rent-to-income levels, according to WDSuite’s CRE market data, pointing to manageable retention and leasing risk despite a smaller rural market context.
Located in rural Potsdam within the Ogdensburg–Massena metro, the neighborhood rates "B" and is competitive among metro neighborhoods (ranked 35 out of 76). Local amenities are limited by national standards, yet within the metro the area performs competitively on essentials like groceries and dining, helping everyday livability for workforce renters.
The neighborhood shows a renter-occupied share of housing units at the neighborhood level that is above many peers nationally (occupancy_rental_share positioned in a higher national percentile), signaling a meaningful renter base for multifamily. Within a 3-mile radius, households have increased even as population edged down, indicating smaller household sizes and a broader tenant base forming around the area — dynamics that can support occupancy stability and leasing velocity.
Median contract rents at the neighborhood level sit below national medians, and rent-to-income measures rank in a strong national percentile, suggesting relatively low affordability pressure that can aid lease retention and limit turnover. For ownership context, neighborhood home values are comparatively modest versus national figures; this can introduce some competition from entry-level ownership, but it also underscores the role of rentals as accessible housing options, supporting steady demand.
Vintage matters for competitive positioning: the average neighborhood housing stock skews older (mid-20th century), while this asset was built in 1993. That newer vintage relative to neighborhood norms can reduce near-term capital intensity versus older comparables and provide value-add opportunities through targeted modernization to capture future rent growth.
Current neighborhood-level crime metrics are not available in WDSuite for this location, so comparative safety conclusions cannot be drawn from this dataset. Investors typically benchmark property performance against metro and national crime trends where data is available and should rely on standard diligence (public sources and property-level history) to contextualize risk.
This 1993-vintage, 38-unit property offers a relatively newer profile than much of the local housing stock, which can enhance competitive positioning while leaving room for targeted value-add. Neighborhood-level rents are modest and rent-to-income indicators are strong, pointing to manageable affordability pressure that can support renewals and stable collections. Within a 3-mile radius, household counts have been rising even as population trends soften, implying a larger tenant base and potential for steady leasing.
Looking ahead, projections within the 3-mile radius indicate continued growth in households and rising incomes, aligning with anticipated rent gains and reinforcing demand depth. Based on commercial real estate analysis sourced from WDSuite, investors should weigh the benefits of a durable renter base and relative affordability against the realities of a smaller rural market with leaner amenity density.
- Newer 1993 vintage versus older neighborhood stock supports competitive positioning and moderated near-term capex.
- Strong rent-to-income readings suggest lower affordability pressure and better renewal potential.
- 3-mile household growth expands the local renter pool, supporting occupancy and leasing stability.
- Value-add potential via selective modernization to capture expected rent growth.
- Risk: smaller rural market with limited amenity density and soft population trend may temper absorption and rent pacing.