| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 27th | Fair |
| Demographics | 49th | Good |
| Amenities | 34th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 32 Salina St, Warsaw, NY, 14569, US |
| Region / Metro | Warsaw |
| Year of Construction | 1982 |
| Units | 46 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
32 Salina St Warsaw NY Multifamily Investment
Neighborhood occupancy is near 90% with a renter-occupied share around one-third, pointing to steady local renter demand according to WDSuite’s CRE market data. In a rural A-rated neighborhood, affordability supports retention, though performance should be evaluated against broader Wyoming County dynamics.
The property sits in an A-rated neighborhood ranked 3rd out of 30 in Wyoming County, indicating it is competitive among county neighborhoods for livability and housing fundamentals. According to WDSuite’s CRE market data, neighborhood occupancy is about 90%, suggesting stable operations for workforce-oriented assets; investors should note this is a neighborhood metric, not the property’s own occupancy.
Amenity access is mixed: the neighborhood ranks above the metro median for overall amenities (1 of 30) yet sits around the 34th national percentile, reflecting small-town convenience rather than urban depth. Grocery options score better (around the 60th national percentile), while cafes, parks, and pharmacies are limited, consistent with a rural setting. These dynamics can support day-to-day livability but may limit premium amenity-driven rent premiums versus larger metros.
Affordability is a relative strength for renters. The neighborhood’s rent-to-income ratio ranks in the top national percentiles, pointing to low rent burden and potential lease stability. However, home values are comparatively accessible in the area by national benchmarks, which can create some competition from ownership alternatives. For multifamily investors, the key is balancing rent growth with retention and monitoring renewal strategies.
Tenure patterns indicate a meaningful renter base, with roughly one-third of housing units renter-occupied at the neighborhood level. This renter concentration supports demand depth for smaller properties and can aid leasing continuity, though marketing may need to reach across a wider radius than in dense urban submarkets.
Comparable safety signals for this neighborhood are not available in the current dataset. Without a metro rank or national percentile to benchmark, investors should rely on third-party sources and trend reviews at the town and county levels for additional context, recognizing that safety conditions can vary within rural areas.
Regional employers within commuting range help anchor the workforce and provide a pipeline of renters seeking convenient housing near Wyoming County. The list below highlights nearby corporate offices that can support tenant demand and lease retention.
- McKesson — healthcare distribution (31.3 miles)
- Dish Network — telecommunications (31.8 miles)
- Wesco Distribution — industrial distribution (37.7 miles)
- Constellation Brands, Inc. — beverage alcohol (38.0 miles)
- M&T Bank Corp. — financial services (38.9 miles) — HQ
Built in 1982, the asset is newer than much of the surrounding housing stock, which averages from the early 1940s. That relative vintage positioning can reduce near-term capital needs versus older comparables and present selective value-add opportunities (common areas, systems modernization) to enhance competitiveness. Based on CRE market data from WDSuite, neighborhood occupancy sits around 90%, and a renter-occupied share near one-third indicates a stable, local tenant base rather than transient demand.
Affordability stands out: low rent-to-income ratios at the neighborhood level support retention and consistent collections, while accessible for-sale pricing in the area suggests investors should manage renewal and pricing strategies thoughtfully to mitigate competition from ownership. In a rural A-rated neighborhood, this profile favors steady operations over outsized rent premiums, with performance tied to local employment reach and asset-level execution.
- 1982 vintage offers relative competitiveness versus older neighborhood stock with targeted modernization upside
- Neighborhood occupancy near 90% supports operational stability at the submarket level
- Low rent-to-income burden enhances renewal prospects and collections durability
- Regional employers within 30–40 miles broaden the renter catchment for workforce demand
- Risk: accessible home values may compete with renting; pricing and renewal discipline remain important