| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 28th | Poor |
| Demographics | 57th | Good |
| Amenities | 36th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 30 W Main St, Waterloo, NY, 13165, US |
| Region / Metro | Waterloo |
| Year of Construction | 1991 |
| Units | 26 |
| Transaction Date | 2010-02-12 |
| Transaction Price | $902,912 |
| Buyer | WATERLOO HOUSING DEVEL F UND CORP |
| Seller | WATERLOO HGTS ASSOC |
30 W Main St Waterloo Multifamily Investment
Neighborhood occupancy in the mid-90% range supports leasing stability, according to WDSuite’s CRE market data, and these figures reflect the surrounding area rather than the property itself.
The property sits in an A‑rated neighborhood in the Seneca Falls, NY metro, ranked 4th out of 22 neighborhoods — competitive among Seneca Falls neighborhoods. According to commercial real estate analysis from WDSuite, area occupancy is steady and renter demand is supported by local fundamentals measured at the neighborhood level, not the building.
Livability signals are mixed but serviceable for a rural location: grocery and pharmacy access rank above the metro median among 22 neighborhoods, and park access is similarly competitive, while cafés and childcare options are limited. Median home values are comparatively low for the region, which can create some competition from ownership options, but it also tends to support lease retention for well-managed rentals when positioned correctly.
Vintage context matters. With much of the local housing stock dating to the early 20th century, a 1991 multifamily asset is newer than the neighborhood average and can compete effectively against older properties; investors should still plan for system updates typical of assets from this era.
Tenure and demographics are measured within a 3‑mile radius. The renter‑occupied share is meaningful today and is projected to expand over the next five years, pointing to a larger tenant base and support for occupancy. Population has contracted while household sizes have edged lower, which often shifts housing demand toward professionally managed rentals and can aid lease-up and retention for appropriately priced units. Neighborhood rent-to-income levels benchmark favorably (high percentile nationally), suggesting affordability pressure is relatively low and helping support collections and renewals.
Comparable neighborhood safety metrics are not available for this location in the current WDSuite dataset. Investors typically benchmark conditions against metro and county trend reports and confirm with local law enforcement summaries and insurer loss history during diligence.
Within commuting range, diversified employers in manufacturing, consumer goods, technology, and business services support regional renter demand, including Thermo Fisher Scientific, Constellation Brands, WestRock, Xerox, and ADP.
- Thermo Fisher Scientific — life sciences manufacturing (29.4 miles)
- Constellation Brands — beverage alcohol, corporate (31.4 miles) — HQ
- WestRock — packaging and paper (35.2 miles)
- Xerox Corporation — technology and print solutions (35.3 miles)
- ADP Syracuse — payroll and HR services (36.9 miles)
Based on CRE market data from WDSuite, the surrounding neighborhood posts solid occupancy and serviceable amenity access for a rural setting, supporting stable leasing conditions. The asset’s 1991 construction is newer than much of the local housing stock, offering relative competitiveness versus older properties while leaving room for targeted capex to modernize systems and finishes.
Within a 3‑mile radius, the renter pool is expected to expand even as population trends soften, reflecting smaller household sizes and a potential shift toward rental housing. Favorable rent‑to‑income positioning at the neighborhood level supports retention and collections; however, comparatively low home values in the area can create competition from entry‑level ownership, so positioning and management discipline remain important.
- Competitive neighborhood occupancy supports leasing stability
- 1991 vintage offers relative edge versus older local stock with value‑add potential
- 3‑mile renter base expected to grow, aiding demand and renewals
- Risk: lower home values may compete with rentals; disciplined pricing and operations required