| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 42nd | Fair |
| Demographics | 37th | Poor |
| Amenities | 25th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 2 Stanton St, Troy, NY, 12180, US |
| Region / Metro | Troy |
| Year of Construction | 1980 |
| Units | 97 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
2 Stanton St Troy Multifamily Investment Opportunity
Neighborhood occupancy trends sit above the Albany–Schenectady–Troy metro median, signaling steady renter demand, according to WDSuite’s CRE market data.
Located in an Inner Suburb of Troy, the neighborhood posts a C rating with mixed fundamentals. Grocery access is strong — top quartile nationally — and restaurants are above national average, while parks, cafes, childcare, and pharmacies are limited within the neighborhood boundary. Average school ratings are below national norms, which can affect family-oriented demand profiles and should be considered in leasing strategies.
Investor takeaway on tenure: the renter-occupied share is well above national norms, indicating a deep tenant base that can support leasing stability. At the same time, the neighborhood’s occupancy ranks above the metro median, pointing to demand resilience relative to peer subareas, based on CRE market data from WDSuite.
Demographics aggregated within a 3-mile radius show recent population and household growth, with forecasts indicating additional renter pool expansion and slightly smaller average household sizes over the next five years. This supports a broader base of prospective tenants and can help sustain occupancy through cycles.
On affordability, median home values are moderate for the region and the rent-to-income ratio is comparatively manageable, which can support retention and measured pricing power. In practice, more accessible ownership options may compete with rentals at some price points, so underwriting should account for competitive positioning of unit finishes and amenities.
Asset vintage matters here: the property’s 1980 construction is newer than the neighborhood’s older housing stock, offering relative competitiveness versus prewar product. Investors should still plan for targeted system upgrades and modernization to meet renter expectations and protect effective rents.
Neighborhood-level crime metrics for this micro area are not published in WDSuite for the latest period. Investors typically compare city and metro trends, review recent police blotters, and assess on-the-ground conditions to contextualize safety alongside leasing strategy and insurance assumptions.
Given the absence of a ranked metric here, a practical approach is to benchmark against nearby Troy subareas and the broader Albany–Schenectady–Troy metro to gauge relative positioning and any implication for tenant retention or operating expenses.
Proximity to regional corporate offices supports a white-collar renter base and commute convenience, notably with IBM and McKesson within driving distance of the property.
- IBM — technology & corporate offices (5.5 miles)
- McKesson — healthcare distribution offices (42.8 miles)
This 97‑unit, 1980-vintage asset benefits from a neighborhood with above-median metro occupancy and a renter base that is high relative to national norms. The property’s vintage offers a competitive edge versus older local stock, while targeted modernization can unlock value-add upside. Demographics within 3 miles point to recent and projected growth in households and a slightly smaller average household size, supporting a broader tenant base and occupancy stability, according to CRE market data from WDSuite.
Affordability dynamics are balanced: rent-to-income levels are comparatively manageable — a tailwind for retention — yet moderate home values can create ownership competition at certain rent tiers. Amenity depth is mixed, with strong grocery access but fewer parks and cafes, and school ratings below national averages; pricing, unit finishes, and marketing should reflect these neighborhood dynamics.
- Above-median metro occupancy and deep renter base support leasing stability
- 1980 construction competitive versus older neighborhood stock with value-add potential
- 3-mile demographic growth and smaller household sizes expand the renter pool
- Balanced affordability suggests retention tailwinds with measured pricing power
- Risks: limited park/cafe amenities and below-average schools; potential competition from ownership