| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 69th | Best |
| Demographics | 65th | Good |
| Amenities | 26th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 155 Rowland St, Ballston Spa, NY, 12020, US |
| Region / Metro | Ballston Spa |
| Year of Construction | 1999 |
| Units | 32 |
| Transaction Date | 1998-11-04 |
| Transaction Price | $116,000 |
| Buyer | BALLSTON AREA LIMITED PAR |
| Seller | VILLAGE OF BALLSTON SPA |
155 Rowland St, Ballston Spa Multifamily Investment
Neighborhood occupancy trends sit in the top quartile nationally, supporting steady leasing conditions; according to WDSuite’s CRE market data, this submarket’s owner-leaning profile points to a stable renter base rather than heavy turnover.
Located in Ballston Spa within the Albany–Schenectady–Troy metro, the neighborhood carries an A- rating and performs above the metro median on several housing fundamentals. Renter-occupied share is moderate in an otherwise ownership-leaning area, which supports depth of tenant demand without excessive competitive pressure from transient leasing.
Occupancy is competitive among Albany–Schenectady–Troy neighborhoods and in the top quartile nationally, a positive indicator for income stability at nearby multifamily assets. Median contract rents in the neighborhood trend above the metro median and are also top quartile nationally, signaling pricing power for well-maintained product while keeping an eye on affordability in lease management.
The average neighborhood vintage skews mid‑1990s; this 1999 property is slightly newer than the local average, which can provide a relative edge versus older stock while still leaving room for selective modernization to drive rents. Within a 3‑mile radius, households have grown recently with forecasts pointing to more households even as average household size declines—factors that can enlarge the renter pool and support occupancy stability even if population growth moderates.
Local amenities are present but not dense. Grocery and park access track near metro norms, while cafes and pharmacies are thinner than urban cores. Average school ratings hover around 3 out of 5, which may appeal to workforce and family renters seeking suburban convenience without premium urban pricing.
Home values are elevated for the region but not extreme, suggesting ownership remains attainable for some households. For investors, that creates a balanced setup: sustained rental demand from households preferring flexibility, alongside some competition from ownership that underscores the importance of product differentiation and resident retention.
Neighborhood‑level safety metrics are limited in the available dataset for this area. Without comparable rank or percentile data across Albany–Schenectady–Troy neighborhoods, investors should review city and county trend lines and property‑level history to gauge operational risk. Use a consistent framework that compares neighborhood conditions with regional baselines over time rather than single‑year snapshots.
Regional employment is anchored by large corporate offices within commuting distance, supporting renter demand among professionals seeking suburban living with access to major employers such as McKesson and IBM.
- McKesson — healthcare distribution (22.9 miles)
- IBM — technology & services (26.4 miles)
This 32‑unit, 1999‑vintage asset benefits from a suburban neighborhood that shows above‑median performance within the Albany–Schenectady–Troy metro. Occupancy in the surrounding neighborhood sits in the top quartile nationally, and rents benchmark above metro norms—conditions that favor steady cash flow for well‑run properties. The asset’s slightly newer vintage versus the mid‑1990s neighborhood average can be competitively positioned with targeted upgrades to interiors and common areas.
Within a 3‑mile radius, recent increases in households alongside smaller projected household sizes point to a larger renter pool over time, supporting leasing stability. According to CRE market data from WDSuite, the area remains ownership‑leaning, which supports demand from renters seeking flexibility but also calls for thoughtful amenity and finish repositioning to defend against homeownership alternatives.
- Top‑quartile neighborhood occupancy supports income durability relative to metro peers
- Rents above metro norms create room for revenue optimization with targeted upgrades
- 1999 vintage offers a slight age advantage versus local stock with modernization upside
- 3‑mile household growth and smaller household sizes expand the renter pool and support leasing
- Risks: thinner amenity density and competition from attainable ownership require strong resident retention strategy