| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 32nd | Fair |
| Demographics | 53rd | Fair |
| Amenities | 8th | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 3821 Chaintree Dr, Marion, NY, 14505, US |
| Region / Metro | Marion |
| Year of Construction | 1987 |
| Units | 40 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
3821 Chaintree Dr Marion NY Multifamily Investment
Neighborhood occupancy is effectively full — a stability signal for rentals measured at the neighborhood level, according to WDSuite’s CRE market data — while rents remain relatively manageable, supporting retention and steady lease-ups.
This rural pocket of the Rochester, NY metro offers quiet living with limited retail and dining density, which typically favors resident retention over walkable amenity appeal. Neighborhood schools are a relative strength, landing in the top quartile nationally and ranking near the top of the Rochester metro (8th among 359 neighborhoods), an attribute that can support longer tenures for family households.
From an income-and-cost perspective, the area functions as a high-cost ownership market relative to local incomes only in select parts of the metro; here, median home values are lower than many U.S. neighborhoods, which can create some competition with ownership. At the same time, renters show low affordability pressure (high national percentile for rent-to-income), which helps lease retention and cushions turnover risk.
Operationally, neighborhood occupancy is at or near full and ranks 1st out of 359 Rochester neighborhoods — a top percentile outcome nationally. For investors, this suggests a tight supply-demand balance at the neighborhood level rather than a guarantee for any single asset.
Demographic statistics aggregated within a 3-mile radius show a stable population recently (roughly flat over five years) with households up about 5.2% and projected to rise another 23.7% over the next five years. That trajectory points to a larger tenant base and supports occupancy stability even if amenity density remains thin.
The property’s 1987 vintage is newer than much of the surrounding housing stock (the area skews older), positioning it competitively versus prewar inventory; investors should still plan for system upgrades and selective renovations typical of late-1980s construction to sustain rentability.
Comparable neighborhood-level crime metrics are not available in WDSuite for this location. Investors typically benchmark site safety by reviewing broader Rochester metro trends, property-level incident history, and insurer/lender requirements, then comparing those indicators against similar rural neighborhoods in the region.
Given the data gap, a standard diligence approach includes discussing recent trendlines with local law enforcement, evaluating lighting and access control, and comparing findings to peer assets to contextualize risk.
Nearby employers span life sciences, technology, beverage manufacturing, and distribution, offering diverse payrolls that can underpin renter demand and support retention: Thermo Fisher Scientific, Xerox, Constellation Brands, Wesco Distribution, and Dish Network.
- Thermo Fisher Scientific — life sciences (10.3 miles)
- Xerox Corporation — technology/printing (12.0 miles)
- Constellation Brands — beverage alcohol (14.9 miles) — HQ
- Wesco Distribution — distribution (23.5 miles)
- Dish Network — telecommunications (23.6 miles)
The investment case centers on neighborhood tightness, durable school quality, and a renter base with relatively low rent-to-income pressure. Based on commercial real estate analysis from WDSuite, the neighborhood ranks at the top of the Rochester metro for occupancy, indicating a supportive backdrop for maintaining leased units, while home values below many national peers may present some competition from ownership that should be managed through positioning and amenities.
Built in 1987, the asset is newer than much of the surrounding housing stock and can compete effectively against older inventory with targeted updates to major systems and interiors. Within a 3-mile radius, households have grown and are projected to expand meaningfully, pointing to a larger tenant pool and reinforcing long-run leasing stability even in a low-amenity setting.
- Neighborhood occupancy leads the Rochester metro, supporting leasing stability at the submarket level.
- 1987 vintage offers competitive positioning versus older stock, with value-add potential through targeted system and interior upgrades.
- 3-mile household growth and projected expansion point to a larger tenant base and steadier renewals.
- Low renter affordability pressure supports retention; pricing actions should remain measured.
- Risks: limited local amenities and relatively accessible ownership options may require sharper asset differentiation and marketing.