| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 46th | Good |
| Demographics | 68th | Best |
| Amenities | 33rd | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1249 Ridge Rd, Ontario, NY, 14519, US |
| Region / Metro | Ontario |
| Year of Construction | 2010 |
| Units | 36 |
| Transaction Date | 2004-07-15 |
| Transaction Price | $60,000 |
| Buyer | G&G DVELOPMENT LLC |
| Seller | ELLSWORTH DALE |
1249 Ridge Rd Ontario, NY Multifamily Investment
2010-vintage, 36-unit asset positioned in a high-occupancy neighborhood, according to WDSuite s CRE market data, with tenant demand supported by nearby employment nodes and steady renter affordability. Location fundamentals suggest stable operations with measured upside through modernization and efficient lease management.
The property sits in a rural pocket of the Rochester, NY metro with a neighborhood rating of A-. Neighborhood occupancy is strong at 98.9% (neighborhood-level, not property-specific), placing it in a high national percentile per WDSuite s CRE market data a favorable backdrop for lease stability.
Amenity access is mixed: grocery and dining options are present, while parks, pharmacies, and cafes are sparse. On a metro basis, overall amenities are competitive among 359 Rochester neighborhoods (ranked 119 of 359), signaling workable convenience for residents though not a lifestyle hub.
Construction patterns nearby skew older (average vintage 1948), making a 2010 build relatively competitive versus local stock. For investors, that positioning supports curb appeal and operating resilience, while still leaving room for targeted system upgrades or light value-add to maintain an edge over aging comparables.
Renter-occupied share in the neighborhood is modest (around one-fifth of housing units), indicating a more owner-heavy area. For multifamily investors, this typically means a shallower but durable tenant base; pricing power should be managed carefully and supported by unit quality and service. Median home values are moderate for the region, so ownership is relatively accessible which can increase competition with rentals and make retention and leasing strategy important to performance.
Within a 3-mile radius, demographics indicate recent population and household softness with forecasts calling for slight population growth and a modest increase in households. This points to a stable-to-slowly expanding renter pool; aligning unit finishes and rent levels with local incomes can support occupancy and limit turnover.
Comparable crime data for this specific neighborhood are not available in WDSuite s current release. Investors should benchmark the area against broader Rochester, NY metro trends and review multiple sources for a directional view, focusing on multi-year patterns rather than short-term fluctuations.
Nearby employers provide a steady commuter base that supports renter demand and renewal potential, led by corporate offices and advanced manufacturing within a 5 2 mile radius: Xerox, Thermo Fisher Scientific, Constellation Brands, Wesco Distribution, and Dish Network.
- Xerox Corporation corporate offices (4.6 miles)
- Thermo Fisher Scientific corporate offices (10.0 miles)
- Constellation Brands corporate offices (14.4 miles) HQ
- Wesco Distribution corporate offices (17.4 miles)
- Dish Network corporate offices (20.3 miles)
Built in 2010, the property is newer than much of the surrounding housing stock, offering relative competitiveness while leaving room for targeted upgrades that can enhance renter appeal. Neighborhood occupancy is elevated (neighborhood-level, not property-specific), which, according to CRE market data from WDSuite, aligns with stable demand conditions. A more owner-weighted tenure mix implies a smaller renter pool, so returns are likely driven by operational consistency, quality maintenance, and disciplined renewal practices rather than aggressive rent pushes.
Employment access, moderate ownership costs, and rents that align with area incomes support retention. Forward-looking demographics within a 3-mile radius suggest slight population growth and an uptick in households, pointing to a steady tenant base over the medium term. Key risks include competition from accessible homeownership options and thinner lifestyle amenities, which place a premium on property condition, service levels, and leasing execution.
- 2010 vintage relative to older local stock supports competitiveness with selective upgrade potential.
- High neighborhood occupancy (not property-specific) supports leasing stability per WDSuite data.
- Proximity to regional employers underpins a steady commuter renter base.
- Owner-heavy area and accessible home prices may temper pricing power manage renewals and value-add carefully.
- Modest amenity density suggests focus on on-site experience and efficient operations to sustain retention.