| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 34th | Fair |
| Demographics | 61st | Good |
| Amenities | 36th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1 Stone St, Macedon, NY, 14502, US |
| Region / Metro | Macedon |
| Year of Construction | 1988 |
| Units | 25 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
1 Stone St, Macedon NY Multifamily Investment
Neighborhood occupancy is measured at the neighborhood level and trends steady, with renter demand supported by incomes that keep rent-to-income manageable, according to WDSuite s CRE market data.
The property sits in a Rural neighborhood of the Rochester, NY metro that rates B+ and is competitive among Rochester neighborhoods (ranked 122 out of 359). Amenity access is moderate for the metro (amenities rank 108 of 359), though nationally it tracks below average, suggesting residents rely on key conveniences rather than dense retail clusters. Parks and pharmacies index relatively well for day-to-day needs, while cafes and childcare are sparse, a common pattern in low-density submarkets.
The building s 1988 vintage is newer than the neighborhood s older housing stock (average construction year 1938). That relative youth can reduce near-term capital burden versus pre-war assets, while still leaving room for targeted upgrades to systems and finishes to differentiate against aging comparables and support rent positioning.
At the neighborhood level, occupancy is reported at 87.7% (neighborhood occupancy, not this property). That sits below the metro median, so investors should underwrite leasing velocity conservatively; however, a lower rent-to-income ratio locally (relative to incomes) supports retention and pricing discipline. Renter-occupied share is modest (about 16% of units), indicating a smaller but potentially stable tenant base typical of ownership-leaning areas.
Within a 3-mile radius, demographics show recent softness in population and household counts, but projections indicate growth in households alongside smaller household sizes over the next five years. That combination can expand the renter pool and support occupancy stability over time. Home values sit in a more accessible range for the region, which can introduce some competition from ownership; yet this also reinforces the role of rentals as flexible housing, with rent levels comparing favorably to incomes for tenant retention, based on CRE market data from WDSuite.
Neighborhood-level crime data for this area is not available in WDSuite for the current release. Investors typically compare local police reports, municipal dashboards, and county trend summaries to the broader Rochester metro to understand relative safety and trajectory.
Given the rural setting, a prudent approach is to evaluate multi-year trends and compare them to nearby Rochester, NY neighborhoods rather than relying on single-year snapshots. Avoid block-level conclusions and focus on consistent patterns to inform leasing and asset management assumptions.
Nearby employers provide commute-friendly jobs that can support workforce renter demand and lease retention, including life sciences manufacturing, beverage headquarters, and large office operations noted below.
- Thermo Fisher Scientific In Fairport Ny life sciences manufacturing (4.3 miles)
- Constellation Brands beverage & corporate functions (7.9 miles) HQ
- Xerox Corporation corporate offices (11.7 miles)
- Constellation Brands, Inc. corporate offices (16.4 miles)
- Dish Network corporate offices (17.5 miles)
This 25-unit asset, built in 1988, is relatively newer than much of the surrounding housing stock, offering a competitive position versus older comparables while leaving room for selective value-add to modernize systems and interiors. Neighborhood occupancy is measured at the neighborhood level and sits below the metro median, so conservative lease-up and renewal assumptions are prudent; counterbalancing that, rent-to-income in the area remains manageable, supporting retention and steady collections.
Within a 3-mile radius, forward-looking data indicates an increase in households and smaller average household sizes, expanding the tenant base and supporting multifamily demand over time. Renter-occupied share locally is modest, reflecting an ownership-leaning market; however, according to CRE market data from WDSuite, neighborhood rents benchmark above national norms while still aligning with local incomes, which can underpin occupancy stability and measured rent growth.
- 1988 vintage offers competitive positioning versus older stock with targeted value-add potential
- Household growth and smaller household sizes (3-mile radius) support a larger renter pool
- Rents track above national norms while rent-to-income remains manageable for retention
- Proximity to major employers supports workforce demand and leasing stability
- Risks: below-metro neighborhood occupancy and modest renter concentration in a rural setting