11 Ashdown Rd, Ballston Lake NY Multifamily Investment Opportunity

This suburban neighborhood in the Albany Schenectady Troy metro carries a B+ rating and shows balanced fundamentals for workforce and professional renters. Neighborhood occupancy is 92.9% (measured for the neighborhood, not the property), indicating stable leasing conditions relative to broader U.S. trends, per WDSuite s commercial real estate analysis. Parks access ranks competitively for the metro (68th national percentile), while day-to-day conveniences like pharmacies and cafes are thinner locally, suggesting residents rely on nearby nodes for services.

Schools are a local strength: the average school rating is 4.0 out of five, ranking 8th among 295 metro neighborhoods and placing the area in the top quartile nationally. This can support leasing to family renters and longer tenancy horizons. Amenity density is modest (e.g., limited restaurants and grocery options per square mile), which may require targeted marketing to residents prioritizing schools and suburban living over walkable retail.

The property s 1972 vintage is slightly newer than the neighborhood s average construction year of 1965. From an investor standpoint, systems and finishes may still warrant modernization, presenting potential value-add through interior updates and selective capital projects that improve competitive positioning against newer stock.

Tenure patterns point to an owner-leaning area: renter-occupied housing represents roughly 13.8% of neighborhood units, and within a 3-mile radius renters account for about 16.6% of occupied units. For investors, this implies a smaller but potentially durable tenant base where leasing stability hinges on product-market fit, school adjacency, and commute convenience rather than a deep pool of transient renters.

Demographic statistics aggregated within a 3-mile radius show household counts holding roughly steady in recent years, with projections indicating an increase in households and a smaller average household size by 2028. This combination can expand the renter pool over time and support occupancy stability, especially for well-managed, updated units positioned for downsizing households and higher-income renters.

Home values trend elevated for the region (median around the low-$400Ks), and household incomes rank high within the metro and nationally. For multifamily, a high-cost ownership landscape for many buyers can reinforce reliance on rental housing, though relatively strong purchasing power also introduces some competition with ownership at higher price tiers. Effective lease management and product differentiation are important to sustain pricing power and retention.