| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 34th | Fair |
| Demographics | 61st | Good |
| Amenities | 36th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1340 Parkwood Dr, Macedon, NY, 14502, US |
| Region / Metro | Macedon |
| Year of Construction | 2000 |
| Units | 122 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
1340 Parkwood Dr Macedon Multifamily Investment
Newer 2000-vintage asset in an owner-heavy pocket, with rents and incomes that point to manageable affordability pressure and stable leasing, according to WDSuite’s CRE market data. Neighborhood demand is supported by nearby employers and projected household growth within a 3-mile radius.
Situated in Macedon within the Rochester, NY metro, the neighborhood carries a B+ rating and a rural profile. Relative to the metro’s 359 neighborhoods, median contract rents are competitive among Rochester neighborhoods (rank 32 of 359) and above the national median (73rd percentile), which supports revenue consistency for well-managed properties. Rent-to-income sits near the national mid-range (42nd percentile), suggesting moderate affordability pressure and potential for steady retention rather than aggressive push.
The area’s housing stock skews older (average vintage 1938; rank 214 of 359), while this property’s 2000 construction is newer than typical—an advantage in competing with aging inventory, though investors should still plan for system updates as the asset approaches 25 years. Renter-occupied share is below the metro median (rank 201 of 359), indicating an owner-heavy base; this often translates into a thinner, but potentially stable, renter pool where professionally-run properties can differentiate on service and quality.
Amenities are modest: cafes and childcare are limited, but park access is a relative strength (top quartile nationally) and pharmacy access sits above the national median. School ratings are around the national median, which supports broader livability for households without being a primary rent driver. These dynamics align with a suburban-rural tenancy profile and workforce housing demand.
Demographic statistics are aggregated within a 3-mile radius. Recent trends show population and household counts easing, but projections point to population growth and a rising household count by 2028 alongside smaller average household size—factors that can expand the renter pool and support occupancy stability over time. Household incomes track above the national median, and COVID resilience metrics are also above national norms, reinforcing employment stability narratives without relying on any single industry, based on CRE market data from WDSuite.
Comparable neighborhood-level crime metrics are not available in WDSuite’s dataset for this location. Investors typically benchmark safety perceptions using city and county trend reports and on-the-ground diligence (property logs, insurer feedback, and management records) to contextualize leasing and retention risk.
The immediate employment base includes advanced manufacturing, beverages, and technology offices, supporting commute convenience and renter demand for workforce housing. Featured employers: Thermo Fisher Scientific, Constellation Brands, Xerox, Dish Network, and Wesco Distribution.
- Thermo Fisher Scientific — life sciences manufacturing (4.1 miles)
- Constellation Brands — beverages (7.3 miles) — HQ
- Xerox Corporation — technology & business services (12.2 miles)
- Dish Network — telecommunications (17.0 miles)
- Wesco Distribution — industrial distribution (19.3 miles)
1340 Parkwood Dr offers a 2000-vintage, 122-unit footprint that competes against an older neighborhood stock while serving an owner-heavy area with measured but durable renter demand. Neighborhood rents rank competitively within the Rochester metro and above the national median, and rent-to-income conditions suggest manageable affordability pressure that can support retention. Within a 3-mile radius, projections indicate population and household growth with smaller household sizes, which can broaden the tenant base and support occupancy stability. Home values are relatively lower in national context, which may introduce some competition from ownership, but can also sustain demand for well-located multifamily as a more flexible housing option.
Based on commercial real estate analysis sourced from WDSuite, investors should view this as a steady, operations-focused play: the asset’s newer vintage versus neighborhood norms provides a competitive edge, while the rural amenity mix and below-metro-median renter concentration call for disciplined leasing and asset management. Near-term capex planning for systems typical of a 2000 build can unlock value-add potential through targeted renovations and service upgrades.
- Competitive rent positioning in metro context with above-national-median pricing power
- 2000 construction competes well versus older neighborhood stock; plan selective upgrades for modernization
- Projected household growth and smaller household sizes within 3 miles support a larger renter pool
- Workforce anchors nearby (life sciences, beverages, technology) aid leasing stability
- Risks: owner-heavy tenure limits renter depth; amenity-light rural setting; occupancy trends below metro median require proactive leasing