| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 35th | Good |
| Demographics | 46th | Good |
| Amenities | 19th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 14 US Route 20, Seneca Falls, NY, 13148, US |
| Region / Metro | Seneca Falls |
| Year of Construction | 1980 |
| Units | 22 |
| Transaction Date | 2007-08-15 |
| Transaction Price | $777,000 |
| Buyer | DERBY DALE |
| Seller | ROSE JOHN M PATRICIA M |
14 US Route 20, Seneca Falls NY Multifamily Investment
Neighborhood fundamentals point to steady renter demand and occupancy in the low-90s, according to WDSuite’s CRE market data, with rents that remain manageable for local incomes.
This suburban Seneca Falls location offers a practical blend of livability and operating stability for workforce-oriented multifamily. Neighborhood occupancy trends are competitive among Seneca Falls, NY neighborhoods (ranked 7 of 22), indicating leasing durability versus many local peers, while the rent-to-income profile suggests limited affordability pressure that can support retention and renewal strategies.
Construction across the neighborhood skews older (average year 1929), and this property’s 1980 vintage is newer than much of the surrounding stock. For investors, that typically translates into relative competitiveness against pre-war buildings, with ongoing capital planning still prudent for systems modernization and potential value-add common area upgrades.
Within a 3-mile radius, population has grown and households have expanded meaningfully over the last five years, with additional household growth forecast. A larger household base and slightly smaller average household size point to a broader tenant pool and support for occupancy stability over the medium term.
Tenure patterns show a renter-occupied share below half at the neighborhood level, implying a moderate but durable base of multifamily demand rather than a transient renter concentration. Home values are on the lower side for the region, which can create some competition from ownership; however, current rent levels relative to incomes provide room for disciplined revenue management without overextending residents. Amenities are limited locally—cafes, childcare, groceries, and pharmacies are sparse—though park access is above the metro median (ranked 2 of 22), which can benefit resident livability. School quality metrics trend below national averages, which may matter for family-oriented leasing strategies.
Comparable crime statistics for this neighborhood were not available in WDSuite’s dataset. Investors typically supplement market underwriting with local law enforcement and municipal sources to assess recent trends and any submarket-specific considerations.
Regional employers within commuting range provide a diversified employment base that supports renter demand and lease retention, including packaging, life sciences, payroll services, beverage, and technology operations listed below.
- WestRock — packaging (31.3 miles)
- Thermo Fisher Scientific In Fairport Ny — life sciences (32.4 miles)
- ADP Syracuse — payroll & HR services (33.0 miles)
- Constellation Brands — beverage (34.8 miles) — HQ
- Xerox Corporation — technology & print solutions (37.7 miles)
This 22-unit asset, built in 1980, is positioned as a practical, income-focused hold in a suburban node where occupancy trends are competitive within the metro and rents sit at levels conducive to retention. The vintage is newer than much of the neighborhood’s housing stock, offering relative positioning against older comparables while leaving room for targeted capital improvements to enhance appeal and operational resilience. According to CRE market data from WDSuite, the neighborhood’s renter-occupied share is moderate and household growth within a 3-mile radius expands the tenant base, supporting steady absorption and renewal potential.
Investors should account for a sparse amenity base and modest school ratings when shaping marketing and unit mix strategy, and consider that comparatively accessible home values can introduce ownership competition. Even so, manageable rent-to-income dynamics and a growing local household count reinforce a case for disciplined revenue management and stable occupancy over the long term.
- Competitive neighborhood occupancy supports leasing stability versus local peers
- 1980 vintage is newer than nearby stock, with value-add and systems modernization opportunities
- Expanding 3-mile household base broadens the renter pool and supports renewals
- Manageable rent-to-income profile enables disciplined pricing without straining retention
- Risks: limited amenity density, modest school ratings, and some competition from ownership