| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 37th | Best |
| Demographics | 39th | Fair |
| Amenities | 8th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 5 Casey Ln, Bath, NY, 14810, US |
| Region / Metro | Bath |
| Year of Construction | 2002 |
| Units | 40 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
5 Casey Ln, Bath NY 40-Unit Multifamily
Stable neighborhood occupancy near 90% and a measurable renter-occupied share point to dependable leasing fundamentals, according to WDSuite’s CRE market data. Newer-vintage construction for the area supports operational efficiency while the tenant base skews value-oriented.
Situated in Bath within the Corning, NY metro, the neighborhood carries a B+ rating and ranks 23 of 71, making it competitive among Corning neighborhoods. Leasing conditions are steady, with neighborhood occupancy around 90%, supporting income stability for well-managed assets.
Renter-occupied housing accounts for roughly two-fifths of neighborhood units, indicating a meaningful tenant pool and demand for multifamily options. Within a 3-mile radius, household counts have held relatively steady recently and are projected to increase, suggesting a larger tenant base over the next cycle that can support occupancy and retention.
Local amenities are modest overall, though restaurant density tracks near the national midrange. Home values are relatively accessible for owners compared with national norms, which can introduce some competition with for-sale housing; however, rent-to-income levels indicate manageable affordability pressure that can aid lease management and renewals.
Comparable crime data for this neighborhood is not available in WDSuite at this time. Investors typically benchmark neighborhood conditions against county and metro trends and incorporate on-the-ground diligence to assess security measures, lighting, and property management practices.
Employment access is anchored by regional advanced materials operations, which can support workforce housing demand and commuting stability for renters. The list below highlights a key nearby employer.
- Corning — specialty materials & technologies (18.8 miles) — HQ
Built in 2002 across 40 units, the property offers a more recent vintage than many small-market assets, which can reduce near-term system risk and position renovations as targeted upgrades rather than full overhauls. Neighborhood occupancy around 90% and a meaningful share of renter-occupied housing support predictable leasing. Within a 3-mile radius, forecasts indicate population growth and a notable increase in households, expanding the renter pool and supporting occupancy stability over the medium term, based on CRE market data from WDSuite.
The area’s ownership costs are relatively accessible versus national norms, which may limit aggressive pricing power; however, rent-to-income levels suggest affordability pressure is manageable, helping renewals and limiting turnover when paired with disciplined operations and value-oriented amenities.
- 2002 vintage: competitive versus older stock; plan for selective upgrades to drive NOI
- Neighborhood occupancy near 90% supports income stability for well-run assets
- 3-mile forecasts show population and household growth, expanding the renter base
- Value-oriented rent-to-income profile aids tenant retention and lease management
- Risk: relatively accessible ownership market may cap pricing power; focus on operations and unit quality