| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 34th | Fair |
| Demographics | 61st | Good |
| Amenities | 36th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 2 West St, Macedon, NY, 14502, US |
| Region / Metro | Macedon |
| Year of Construction | 1975 |
| Units | 24 |
| Transaction Date | 2022-07-01 |
| Transaction Price | $700,000 |
| Buyer | WEST MAC APARTMENTS LLC |
| Seller | SUMMERGLEN ASSOCIATES LLC |
2 West St Macedon 24-Unit Multifamily Investment
Positioned in a rural pocket of the Rochester metro, the asset benefits from a growing household base and solid income profile in the surrounding area, according to WDSuite’s CRE market data. This supports steady renter demand even as neighborhood occupancy trends have been mixed.
Macedon’s neighborhood profile rates B+ within the Rochester, NY metro, indicating balanced fundamentals for smaller-scale workforce housing. Rents benchmark in the top quartile nationally, while neighborhood occupancy is below the metro median, signaling room for operational execution to drive stability. These metrics refer to neighborhood conditions, not this specific property.
Relative to metro peers (359 neighborhoods), amenity access is competitive in parks (top quartile nationally) and pharmacies (above national median), with fewer cafes and childcare options nearby. This pattern suits day-to-day living but may rely on short drives for select services—typical for rural locations within commutable distance to Rochester employment nodes.
The housing stock skews older across the area (average 1938), while this property’s 1975 vintage is newer than much of the surrounding inventory, offering a competitive edge with targeted modernization. Neighborhood renter-occupied share is modest, indicating a smaller renter pool but one supported by above-median household incomes (competitive among Rochester neighborhoods) that can underpin collections and retention.
Within a 3-mile radius, recent data shows softening population and household counts but projections point to household growth and smaller average household sizes over the next five years. That shift typically expands the renter pool and supports occupancy stability for well-managed assets, based on CRE market data from WDSuite.
Ownership costs locally are relatively accessible compared with many U.S. markets. For multifamily investors, that can introduce competition from entry-level ownership, but it also suggests that pricing strategy and unit finishes can differentiate and sustain leasing velocity.
Comparable safety data for this neighborhood is not available in the current WDSuite release. Investors should benchmark future neighborhood crime trends against Rochester metro peers to understand relative positioning. When updated, use comparative framing (e.g., above metro average, competitive among Rochester neighborhoods, or top quartile nationally) rather than block-level claims.
Nearby corporate employers support commute convenience and a diversified renter base, notably in life sciences, beverages, and technology. The list below highlights the closest nodes likely to influence tenant demand and retention.
- Thermo Fisher Scientific — life sciences (4.5 miles)
- Constellation Brands — beverages (7.9 miles) — HQ
- Xerox Corporation — technology & services (12.0 miles)
- Constellation Brands, Inc. — beverages (16.6 miles)
- Dish Network — telecommunications (17.5 miles)
The 1975 vintage positions this 24-unit asset as newer than much of the surrounding housing stock, creating a platform for selective value-add—kitchens, baths, common areas, and building systems—to enhance competitiveness versus older comparables. Neighborhood indicators are mixed: renter-occupied share is modest and occupancy sits below the metro median, yet incomes are above the metro median and rents benchmark well nationally, which can support collections and disciplined pricing for well-run properties.
Within a 3-mile radius, forecasts show an increase in households and smaller household sizes, pointing to a larger tenant base and sustained demand for rental units. According to CRE market data from WDSuite, local ownership costs remain relatively accessible, so leasing strategy and finish levels will be important to manage potential competition from entry-level ownership while capturing steady demand from nearby employment centers.
- Newer-than-area vintage (1975) supports targeted renovations and rent repositioning relative to older local stock.
- Forecast household growth and smaller household sizes within 3 miles expand the renter pool and support occupancy stability.
- Above-median local incomes and nationally competitive rent positioning can underpin collections and retention.
- Proximity to regional employers offers commute convenience that can aid leasing and renewals.
- Risks: smaller renter-occupied share and below-metro neighborhood occupancy require strong execution and pricing discipline amid ownership competition.