| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 61st | Good |
| Demographics | 65th | Good |
| Amenities | 32nd | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 8 Country Club Rd, Ithaca, NY, 14850, US |
| Region / Metro | Ithaca |
| Year of Construction | 1985 |
| Units | 31 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
8 Country Club Rd Ithaca Multifamily Investment
1985 vintage competes well against older local stock, and a sizable renter base within 3 miles supports steady tenant demand, according to WDSuite’s CRE market data.
Situated in a suburban pocket of Ithaca, the property benefits from neighborhood fundamentals that are competitive among Ithaca neighborhoods (ranked 10 out of 38) and an A- rating, based on CRE market data from WDSuite. Cafes and grocery access rank near the front of the pack (both within the top third of 38 metro neighborhoods), while restaurants are solidly middle-of-the-road. Parks, pharmacies, and childcare are less prevalent nearby, which may slightly narrow appeal for family-oriented renters but has limited impact on student and young professional demand.
The 1985 construction is newer than the neighborhood’s average vintage of 1960 (measured against 38 metro neighborhoods), offering a relative competitive edge versus older stock. For investors, this typically implies lower immediate capital intensity than pre-1970 assets, while still leaving room for targeted renovations and systems modernization to support rent positioning and retention.
Within a 3-mile radius, households have grown over the past five years and are projected to expand further, while average household size trends smaller. This pattern points to a larger tenant base and more renters entering the market, which can support occupancy stability and lease-up velocity. Home values in the immediate area are elevated for the region and incomes are high, reinforcing renter reliance on multifamily housing and offering measured pricing power for well-maintained units.
Neighborhood occupancy trends sit below metro averages (ranked 35 of 38), indicating that thoughtful positioning and amenity upgrades may be needed to capture demand. School quality measures are above the metro median (top 30% nationally), which can aid retention for renters valuing education access.
Comparable neighborhood crime metrics were not available in the current WDSuite release for this location. Investors should benchmark safety perceptions against broader Ithaca trends and monitor updates as new data becomes available, focusing on long-term patterns rather than short-term fluctuations.
Regional employers within commuting range help diversify the renter base, with advanced materials and packaging providing steady white- and blue-collar demand that can support leasing and retention.
- Corning — materials & specialty glass (36.5 miles) — HQ
- WestRock — packaging (44.1 miles)
This 31-unit asset’s 1985 vintage is newer than the neighborhood average and positions it competitively versus older Ithaca stock. Elevated ownership costs and high local incomes, combined with a renter-heavy 3-mile radius, point to durable multifamily demand and balanced rent-to-income dynamics that can support pricing without overextending residents. According to commercial real estate analysis from WDSuite, neighborhood occupancy runs below metro norms, so returns will hinge on targeted renovations and thoughtful operations.
Forward-looking neighborhood and 3-mile indicators show household growth and shrinking household sizes, expanding the renter pool and supporting leasing velocity over time. Amenity access is mixed—solid for cafes, groceries, and restaurants but limited for parks, pharmacies, and childcare—suggesting a stronger fit for students and professionals than large families.
- 1985 vintage newer than local average, reducing near-term capex versus older stock while allowing targeted value-add
- Renter-heavy 3-mile radius and high incomes support demand depth, retention, and measured pricing power
- Household growth and smaller household sizes indicate a growing tenant base and support for occupancy stability
- Mixed amenity profile favors students/young professionals; parks/pharmacies/childcare are relatively limited nearby
- Risk: Neighborhood occupancy trends trail metro levels, making leasing strategy and asset positioning critical