| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 74th | Best |
| Demographics | 63rd | Fair |
| Amenities | 78th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 244 Dorsey Dr, Grass Valley, CA, 95945, US |
| Region / Metro | Grass Valley |
| Year of Construction | 1977 |
| Units | 69 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
244 Dorsey Dr Grass Valley Multifamily Investment Opportunity
Neighborhood-level occupancy and renter demand appear stable for Grass Valley, according to WDSuite’s CRE market data, supporting consistent leasing fundamentals rather than outsized volatility. Metrics referenced here reflect neighborhood conditions, not the specific property.
Situated in Grass Valley’s Inner Suburb, the property benefits from a top-ranked neighborhood (A+; 1 of 39 in the Truckee–Grass Valley metro), indicating strong local fundamentals that tend to underpin steady multifamily performance. Amenity access is a relative strength: restaurants, cafes, groceries, and pharmacies rank at or near the top among 39 metro neighborhoods and place the area in the top quartile nationally for amenity density, aligning with day-to-day convenience tenants value.
Neighborhood occupancy is measured at 92.1%, and the renter-occupied share is 50.3%—both signals of a sizable tenant base and generally stable leasing conditions at the neighborhood level. Median contract rents in the area sit in an above-median range for the metro and are also above the national midpoint, while rent-to-income metrics (neighborhood-level) suggest manageable affordability pressure that can support retention if lease management remains disciplined.
Schools in the area average 4.0 out of 5, ranking 2 of 39 in the metro and placing the neighborhood in the top quartile nationally—an attribute that can support longer tenancy for households prioritizing education. The neighborhood’s average construction year is 1968. The subject property was built in 1977, which is newer than the neighborhood average and can be relatively competitive versus older stock, though select modernization or system updates may still be prudent from a capital planning standpoint.
Within a 3-mile radius, demographic data show population and household growth over recent years with additional gains forecast, indicating a larger tenant base over time. Household counts are projected to continue rising, which typically supports occupancy stability and leasing velocity. Elevated home values locally, relative to incomes, point to a high-cost ownership market—conditions that often sustain multifamily demand and reduce competitive pressure from for-sale alternatives.
Neighborhood safety indicators are mixed when viewed against broader benchmarks. Relative to neighborhoods nationwide, this area sits below the national median for safety; within the Truckee–Grass Valley metro it ranks 27 of 39. For investors, the practical takeaway is to underwrite prudent security and operations practices while recognizing that many comparable Inner Suburb locations carry similar urban-adjacent profiles.
Recent trend signals are nuanced: estimated property offenses declined year over year, while estimated violent offenses increased. These are neighborhood-level indicators and can vary by block and over time. Portfolio managers typically respond with targeted preventative measures and resident engagement, aiming to support tenant retention and asset performance without relying on short-term fluctuations.
Regional employment access is oriented toward Sacramento–Foothills tech and services. Nearby employers help support workforce housing demand through commutable access and diversified job bases reflected in leasing.
- Intel Folsom FM5 — technology/engineering offices (40.9 miles)
244 Dorsey Dr offers exposure to a top-ranked Grass Valley neighborhood where amenity access, school quality, and a balanced renter base support durable multifamily demand. Neighborhood occupancy is measured at 92.1%, and the renter-occupied share near one-half of housing units provides depth to the tenant pool. Elevated home values relative to incomes reinforce renter reliance on multifamily housing, which can aid pricing power and lease retention through cycles.
Built in 1977, the asset is newer than the neighborhood’s average vintage, offering relative competitiveness against older stock while potentially benefiting from targeted renovations to systems and finishes. Based on CRE market data from WDSuite, neighborhood rents and income positioning indicate manageable affordability pressure, while 3-mile demographics point to population and household growth that can support occupancy stability over the long term. Key underwriting considerations include standard CapEx for a late-1970s asset and measured security planning consistent with neighborhood safety benchmarks.
- Top-ranked neighborhood in the Truckee–Grass Valley metro (1 of 39) with strong amenity and school positioning
- Stable neighborhood occupancy and sizable renter-occupied share support leasing consistency and tenant depth
- 1977 vintage is newer than the neighborhood average, with potential value-add via targeted modernization
- Investor considerations: prudent CapEx planning for 1970s systems and proactive security measures aligned to local safety trends