| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 64th | Best |
| Demographics | 85th | Best |
| Amenities | 26th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 5 Applewood Dr, Ballston Lake, NY, 12019, US |
| Region / Metro | Ballston Lake |
| Year of Construction | 1995 |
| Units | 32 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
5 Applewood Dr Ballston Lake 32-Unit Multifamily
Neighborhood occupancy trends sit above the metro median and elevated ownership costs support stable renter demand, according to WDSuite s CRE market data.
Positioned in Ballston Lake within the Albany Schenectady Troy metro, the neighborhood is rated A and ranks 34th among 295 metro neighborhoods placing it in the top quartile locally based on WDSuite s commercial real estate analysis. The surrounding area skews suburban with steady occupancy and a renter concentration that is competitive among metro peers, suggesting a meaningful tenant base for a 32-unit asset.
Schools score at the top of 295 metro neighborhoods and are in the top percentile nationally, supporting family-oriented housing demand and lease stability. Amenity density is modest caf s and parks are limited while grocery and pharmacy access is present but not dense, so most daily needs are attainable with short drives.
Home values sit in a high-cost ownership market (high national percentile), which typically reinforces reliance on rental housing and can support pricing power and retention. Neighborhood occupancy ranks 132 out of 295 above the metro median and NOI per unit performance sits in the top quartile within the metro while roughly average versus national peers, according to WDSuite s CRE market data.
Demographics aggregated within a 3-mile radius indicate population and household growth over the past five years, with additional gains projected, expanding the renter pool and supporting demand durability. The local renter-occupied share sits around one-third of housing units, indicating depth for multifamily leasing while still competing with ownership options.
Comparable neighborhood-level crime data for this location is not available in WDSuite at this time. Investors typically benchmark safety by referencing broader Albany Schenectady Troy metro and Saratoga County trends, alongside on-the-ground checks and management feedback, to gauge resident experience and retention risk.
Regional employment anchors within commuting distance include corporate offices in technology and healthcare distribution, supporting a diversified renter base and commute convenience for residents.
- IBM corporate offices (20.1 miles)
- McKesson corporate offices (28.2 miles)
Built in 1995, the property is newer than much of the local housing stock, which can enhance competitive positioning versus older vintages while leaving room for targeted modernization of interiors and building systems as part of a value-add plan. High home values in the neighborhood context reinforce sustained reliance on rental housing, and neighborhood occupancy trends are above the metro median, supporting leasing stability. According to CRE market data from WDSuite, the area s NOI per unit ranks among the stronger cohorts locally while tracking near national averages a balanced backdrop for long-term ownership.
Within a 3-mile radius, population and households have expanded and are projected to continue growing, indicating a larger tenant base over time. A renter-occupied share near one-third suggests solid demand depth for a 32-unit community while still requiring attention to pricing and renewals given accessible single-family options in the broader area and modest amenity density.
- Suburban A-rated neighborhood; top-quartile local ranking supports durable demand.
- 1995 vintage offers competitive positioning with potential value-add via selective upgrades.
- High-cost ownership market reinforces renter reliance, aiding pricing power and retention.
- Risks: limited amenity density and competition from ownership; maintain disciplined underwriting and proactive renewal strategy.