| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 46th | Best |
| Demographics | 63rd | Best |
| Amenities | 36th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 8 Glen Dr, Plattsburgh, NY, 12901, US |
| Region / Metro | Plattsburgh |
| Year of Construction | 2001 |
| Units | 44 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
8 Glen Dr, Plattsburgh NY Multifamily Investment
Neighborhood occupancy has trended steady, according to CRE market data from WDSuite, indicating durable cash flow potential for stabilized operations in this inner-suburb location.
The property sits in an Inner Suburb pocket of Plattsburgh that is competitive among Plattsburgh neighborhoods (ranked 3 out of 50 with an A neighborhood rating). Local services skew practical: pharmacy access scores in a high national percentile, while groceries and restaurants are present at levels above the metro median; parks, cafes, and childcare options are thinner, which can influence lifestyle positioning and marketing strategy.
Neighborhood occupancy is around 92% and has improved modestly over the past five years, suggesting stable renter demand relative to broader metro patterns, based on CRE market data from WDSuite. The average school rating is competitive among Plattsburgh neighborhoods, which can support family-oriented leasing narratives without relying solely on top-tier school branding.
Construction trends nearby skew older (average vintage 1964), while this asset’s 2001 delivery positions it as newer than much of the surrounding stock. That typically supports leasing competitiveness versus legacy properties, though investors should still plan for system updates as the asset approaches mid-life.
Tenure dynamics show roughly one-third of neighborhood housing units are renter-occupied, indicating a more ownership-leaning immediate area. However, within a 3-mile radius, renter share is higher and households have grown meaningfully, expanding the tenant base for multifamily owners and supporting occupancy stability over time.
Standardized crime statistics for this neighborhood were not available in WDSuite at the time of publication. Investors typically benchmark neighborhood safety against metro and national context using multiple sources and time horizons; consider trend direction, not one-off observations, when underwriting retention and marketing assumptions.
Delivered in 2001, this 44-unit asset is newer than most nearby housing stock, creating a competitive position versus older properties while warranting prudent planning for mid-life capital items. Neighborhood occupancy sits near the low-90s with modest five-year gains, supporting a base case for stable collections and leasing in a submarket that rates competitively among Plattsburgh neighborhoods, according to CRE market data from WDSuite.
Demand drivers are reinforced by household growth within a 3-mile radius and a renter pool that is larger in the surrounding area than in the immediate neighborhood, broadening the canvas for leasing. Rent-to-income levels are manageable, which can aid retention, while a relatively accessible ownership market may limit pricing power at the margins—placing a premium on operations, finish-quality differentiation, and value-add execution.
- 2001 vintage out-competes older local stock; plan for mid-life system updates
- Neighborhood occupancy near the low-90s with modest 5-year improvement supports stability
- 3-mile radius shows expanding households and deeper renter pool to support leasing
- Practical amenity mix (strong pharmacy access, adequate groceries/restaurants) fits workforce demand
- Risk: relatively accessible ownership options and thinner parks/café amenities can temper pricing power