| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 46th | Good |
| Demographics | 67th | Good |
| Amenities | 33rd | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 3485 Carman Rd, Schenectady, NY, 12303, US |
| Region / Metro | Schenectady |
| Year of Construction | 2000 |
| Units | 96 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
3485 Carman Rd, Schenectady NY Multifamily Investment
Stable neighborhood occupancy and a high-income tenant base suggest durable renter demand near 3485 Carman Rd, according to WDSuite’s CRE market data. This commercial real estate analysis points to strong schools and everyday amenities supporting retention and lease performance.
The property sits in a suburban pocket of the Albany–Schenectady–Troy metro with an A- neighborhood rating, ranked 66th among 295 metro neighborhoods, indicating competitive positioning within the region. Neighborhood occupancy trends are strong—above metro median and in the top quartile nationally—supporting expectations for steady leasing and limited downtime for well-managed multifamily assets.
Livability drivers are favorable for workforce and family renters. School quality is a notable strength, with average ratings competitive among Albany–Schenectady–Troy neighborhoods (ranked 8th of 295) and in the top quartile nationally, which can underpin longer tenancies for family-oriented units. Everyday convenience is supported by grocery and cafe density that performs above national norms, while park and pharmacy availability is limited locally—an operational consideration for marketing and amenities strategy.
Tenure patterns indicate a lower renter-occupied share relative to the metro (renter concentration below the median among 295 neighborhoods), which typically signals a deeper owner-occupied base. For investors, this can translate to stable demand at existing communities but potentially more selective leasing dynamics for new supply. Home values trend above national norms, suggesting a higher-cost ownership market that can reinforce reliance on rental options and support pricing power for well-located assets.
Within a 3-mile radius, recent population growth and a faster increase in households point to smaller average household sizes and a larger tenant base over time. Forward-looking estimates show continued population gains and a sizable increase in households, which should support occupancy stability and absorption. Median incomes are well above national averages, and rent-to-income ratios remain low in this neighborhood—factors that reduce near-term affordability pressure and can aid renewal performance, based on multifamily property research from WDSuite.
Detailed neighborhood crime metrics are not available in WDSuite for this location. Investors typically benchmark property- and neighborhood-level safety against metro and national references during diligence and monitor multi-year trends rather than single-period snapshots.
Practical underwriting steps include reviewing recent comparable assets, engaging local property management for on-the-ground perspective, and validating police-report trends for the broader submarket to understand directional changes rather than block-level precision.
Regional employment anchors within commuting range support renter demand via diversified office and healthcare distribution networks. Nearby employers include IBM and McKesson, offering professional and healthcare-related roles that can contribute to leasing stability.
- IBM — technology & enterprise services (11.6 miles)
- McKesson — healthcare distribution (42.9 miles)
Built in 2000, the asset is newer than much of the surrounding housing stock, which skews to the 1970s. This positioning supports competitive appeal versus older properties while leaving room for targeted modernization to drive rent premiums and controllable expense savings. Neighborhood occupancy trends are above the metro median and in the top quartile nationally, indicating a supportive backdrop for stable cash flow.
Within a 3-mile radius, recent population growth and a faster rise in household counts point to a larger renter pool ahead, aided by strong school ratings and everyday amenities. High household incomes and low rent-to-income ratios suggest capacity for measured rent growth and healthy renewal retention, while elevated ownership costs locally help sustain multifamily demand. According to CRE market data from WDSuite, these fundamentals compare favorably with broader national trends.
- Newer 2000 vintage relative to area stock supports competitive positioning and targeted value-add upside.
- Above-metro occupancy and top-quartile national standing point to resilient leasing and limited downtime.
- Strong schools and everyday amenities underpin retention, particularly for family-oriented unit mixes.
- High incomes and low rent-to-income ratios support pricing power and renewal performance.
- Risks: lower renter-occupied share locally may temper lease-up velocity; limited parks/pharmacies and commuting distances to some employers require focused amenities and marketing strategy.