| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 44th | Best |
| Demographics | 60th | Best |
| Amenities | 75th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 101 Columbia St, Corning, NY, 14830, US |
| Region / Metro | Corning |
| Year of Construction | 1975 |
| Units | 120 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
101 Columbia St, Corning NY Multifamily Investment
Positioned in a top-ranked Corning neighborhood, this 120-unit, 1975 vintage asset benefits from steady renter demand and everyday-amenity access, according to WDSuite’s CRE market data.
Neighborhood positioning is a core strength: the immediate area is the top-ranked locale among 71 metro neighborhoods (A+ rating), signaling durable livability and day-to-day convenience that supports leasing and retention.
Amenity access is strong for daily needs and dining. Restaurants score in the 96th percentile nationally, while grocery, parks, and pharmacies land in the mid‑80s percentiles. Cafes are sparse (low national percentile), which may temper some lifestyle appeal but does not detract from core convenience for most renters.
Renter-occupied share in the neighborhood is elevated (national 86th percentile), indicating a deeper tenant base and generally supportive multifamily demand. Neighborhood occupancy is below national norms, so lease-up and renewal management remain important; however, the area’s renter concentration helps underpin absorption over time.
Within a 3-mile radius, recent history shows slight population softness but a modest increase in households, implying smaller household sizes and continued rental needs. Forward-looking estimates point to population and household growth over the next five years, which would expand the renter pool and support occupancy stability.
Rents in this neighborhood sit below national norms yet are competitive within the metro, and the rent-to-income ratio is near the national midpoint—signals of manageable affordability pressure that can aid retention. Median home values trend below national levels, suggesting ownership is more accessible than in higher-cost markets; for investors, this means balancing pricing power with amenities and upkeep to reduce move-outs to entry-level ownership.
Comparable crime data for this neighborhood is not available in WDSuite’s dataset at the metro-ranked level. Investors typically benchmark city and county trends over multiple years and pair that with on‑site observations and insurer guidance to contextualize risk and inform underwriting assumptions.
Proximity to a major local employer supports commute convenience and helps sustain renter demand, particularly for workforce and professional households.
- Corning — materials science & corporate headquarters (0.7 miles) — HQ
This 120-unit property (built 1975) sits in the metro’s top-ranked neighborhood, combining strong day-to-day amenities with an above-average renter concentration. While neighborhood occupancy trends run below national norms, rents are generally below national levels and the rent-to-income position is near the midpoint—factors that can support retention as management focuses on lease execution. The 1975 vintage points to routine capital planning and selective upgrades, which can be targeted to enhance competitiveness against both refreshed stock and accessible entry-level ownership.
Forward-looking 3-mile demographics indicate growth in both population and households over the next five years, expanding the renter pool and supporting long-term absorption. According to CRE market data from WDSuite, the area’s amenity density (restaurants, grocery, parks, pharmacies) is a durable differentiator, while limited cafe presence and relatively accessible homeownership underscore the need for thoughtful unit renovations and service quality to sustain pricing power.
- Top-ranked neighborhood among 71 metro areas with strong everyday amenities that reinforce leasing
- Elevated renter-occupied share supports depth of tenant demand and absorption
- 3-mile forecasts indicate growth in population and households, expanding the renter pool
- 1975 vintage suggests value-add via targeted renovations and ongoing capital planning
- Risks: neighborhood occupancy below national norms and accessible ownership options require disciplined pricing and retention strategies