| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 54th | Best |
| Demographics | 75th | Best |
| Amenities | 27th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 950 Altamont Blvd, Altamont, NY, 12009, US |
| Region / Metro | Altamont |
| Year of Construction | 1987 |
| Units | 41 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
950 Altamont Blvd Altamont, NY Multifamily Investment
Neighborhood occupancy is strong and has shown durable stability, according to WDSuite’s CRE market data, while local incomes support rent levels without acute affordability pressure.
The property sits in a suburban neighborhood of the Albany–Schenectady–Troy metro with an A- neighborhood rating and occupancy that is competitive among the metro’s 295 neighborhoods and in the top quartile nationally. This points to steady leasing conditions rather than volatility, a favorable backdrop for maintaining occupancy.
Average school ratings are strong (top quartile nationally), which often supports household stability and length of stay. Amenities are limited within the immediate neighborhood (few cafes, groceries, or pharmacies per square mile), so residents typically rely on nearby nodes for retail and daily needs; this can concentrate the renter profile toward those prioritizing space and schools over walkability.
The median home value in the neighborhood is elevated relative to national norms, and household incomes rank high for the region. In practice, a high-cost ownership market can sustain reliance on multifamily housing, while a low rent-to-income ratio in the area suggests room to manage rents with attention to retention and lease management.
Within a 3-mile radius, population has edged higher in recent years and households are projected to continue growing, implying a larger tenant base even as average household size trends modestly lower. For investors, that combination typically supports occupancy stability and a steady flow of prospective renters over the medium term, based on CRE market data from WDSuite.
Vintage and positioning: Built in 1987, the asset is newer than the neighborhood’s older housing stock. That relative youth can be a competitive advantage versus prewar inventory, while still leaving room for targeted modernization of systems and interiors to enhance positioning.
Tenure dynamics: Renter-occupied housing shares are lower than many urban submarkets, indicating a smaller renter pool but one supported by stable incomes. This typically favors resident longevity and measured turnover, with leasing driven by life-stage shifts rather than transient demand.
Comparable crime data for this neighborhood is not available in WDSuite for the current period. Investors typically benchmark neighborhood safety against metro and county trends when released and incorporate on-the-ground diligence and insurer feedback to round out risk assessments.
Regional employment access is driven by technology and corporate services, supporting commuter demand and lease retention for workforce-oriented units. Notable nearby employer:
- IBM — technology & services (14.5 miles)
This 41-unit, 1987-vintage property benefits from a suburban location where neighborhood occupancy is competitive locally and strong by national standards. Elevated for-sale home values and high household incomes reinforce multifamily demand, while a low rent-to-income profile suggests scope for disciplined rent management without overextending affordability. According to CRE market data from WDSuite, household growth within a 3-mile radius is expected to expand the renter pool over time, supporting leasing stability.
Relative to the area’s older housing stock, the asset’s vintage offers a competitiveness edge, with potential to capture incremental returns through selective renovations and system updates. The trade-off is a smaller renter-occupied share in the immediate area and limited walkable amenities, which places a premium on value, resident experience, and efficient operations.
- Occupancy strength at the neighborhood level supports leasing stability.
- High ownership costs and strong incomes sustain reliance on rentals and pricing power.
- 1987 vintage is newer than much of the local stock, with value-add potential via modernization.
- Growing households within 3 miles point to a larger future tenant base.
- Risks: smaller renter concentration and limited nearby amenities require focused leasing and retention strategies.