| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 69th | Best |
| Demographics | 65th | Good |
| Amenities | 26th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 100 Madison Dr, Ballston Spa, NY, 12020, US |
| Region / Metro | Ballston Spa |
| Year of Construction | 2012 |
| Units | 120 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
100 Madison Dr, Ballston Spa Multifamily Investment
Newer 2012 vintage and a historically competitive neighborhood occupancy backdrop point to durable renter demand, according to WDSuite s CRE market data. Positioning focuses on steady lease-up and retention relative to the Albany-Schenectady-Troy metro.
The property sits in a suburban neighborhood in Ballston Spa with an A- neighborhood rating and a track record of solid multifamily fundamentals. Neighborhood occupancy ranks 69th out of 295 metro neighborhoods, which is competitive among Albany-Schenectady-Troy areas and supports stability for larger assets. Median contract rents in this neighborhood rank 21st of 295, indicating upper-tier pricing locally when product quality and operations are aligned.
Construction year matters: a 2012 build is newer than the neighborhood b9s average 1996 vintage, giving this asset a competitive edge versus older stock while still requiring normal capital planning for mid-life systems over the hold period. The area b9s renter-occupied share is measured at the neighborhood level at roughly one-quarter of units, signaling an owner-leaning housing mix; for investors, that typically means a defined but selective tenant base where thoughtful marketing and amenity execution can sustain absorption.
Within a 3-mile radius, WDSuite b9s demographics show recent population growth alongside an increase in households and families, pointing to a gradually expanding renter pool. Forecasts indicate additional household growth and slightly smaller average household sizes over the next five years, which can translate into more renters entering the market and support for occupancy stability.
Local livability indicators are mixed. Parks access ranks 47th of 295 (above metro median), and average school ratings around 3 out of 5 sit above the metro median as well, while on-block retail is thinner with limited cafes and pharmacies in the immediate vicinity. For investors, this combination suggests residents may drive to nearby retail nodes, but neighborhood quality and household incomes underpin lease retention. The rent-to-income profile at the neighborhood level implies manageable affordability pressure, supporting disciplined pricing and renewal strategies rather than aggressive trade-outs.
Comparable neighborhood crime metrics are not available in WDSuite for this location at this time. Investors typically supplement market screening with municipal police reports and county dashboards to understand trends relative to the broader Albany-Schenectady-Troy region.
Given the suburban context and commuting patterns, it is prudent to benchmark this neighborhood against nearby Saratoga County and metro averages, focusing on recent trend direction rather than single-year readings.
Regional employment anchors within commuting range support leasing depth for workforce and professional renters, including roles in healthcare distribution and enterprise technology noted below.
- McKesson healthcare distribution (22.2 miles)
- IBM enterprise technology offices (27.7 miles)
This 120-unit community built in 2012 is positioned against a neighborhood that ranks competitively for occupancy and rent levels within the Albany-Schenectady-Troy metro. The newer vintage relative to the area b9s 1990s housing stock supports leasing competitiveness versus older properties, while normal mid-life capital needs should be underwritten. Owner-leaning tenure at the neighborhood level points to a selective but stable renter base; combined with measured population and household growth within a 3-mile radius, this supports steady absorption and retention. Homeownership costs are elevated enough to sustain reliance on rental options in parts of the metro, yet not so high as to preclude competition from entry-level ownership a balance that rewards precise pricing and amenity strategy.
According to CRE market data from WDSuite, neighborhood rents sit near the top of the metro and occupancy ranks competitively, indicating potential for consistent income performance when operations align with local demand. Forward-looking household expansion and a shift toward slightly smaller household sizes suggest a gradually expanding tenant base, while thinner on-block retail implies residents rely on nearby nodes for services a consideration for resident experience programming and marketing.
- Competitive neighborhood occupancy and upper-tier local rents support income stability
- 2012 construction offers competitive positioning versus older stock, with manageable mid-life CapEx planning
- 3-mile population and household growth point to a slowly expanding renter pool and steady absorption
- Balanced ownership landscape enhances retention potential but requires disciplined pricing against entry-level ownership
- Risk: thinner immediate retail and a modest renter concentration call for targeted marketing and amenity strategy