| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 49th | Good |
| Demographics | 65th | Good |
| Amenities | 28th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 30 Rockrose Way, Ballston Spa, NY, 12020, US |
| Region / Metro | Ballston Spa |
| Year of Construction | 2000 |
| Units | 82 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
30 Rockrose Way, Ballston Spa Multifamily Investment
Newer-vintage units and a high-cost ownership landscape support renter demand at the neighborhood level, according to WDSuite’s CRE market data. Neighborhood occupancy and renter metrics are measured for the surrounding area, not the property, and point to steady demand drivers with attention to leasing execution.
The property sits in a suburban pocket of Ballston Spa within the Albany–Schenectady–Troy metro. The neighborhood ranks 102 out of 295 metro neighborhoods (B+ rating), placing it above the metro median and competitive among peer locations for overall livability and investment fundamentals, based on WDSuite’s CRE market data.
Home values in the neighborhood trend elevated versus national norms (top quartile nationally), which generally sustains reliance on rental housing and can support lease retention. Median contract rents at the neighborhood level track near the middle of national distributions, keeping rent-to-income pressures relatively contained and aiding renewal management from an investor perspective.
Within a 3-mile radius, demographics show notable population growth and an even faster increase in households, expanding the prospective renter base. Forecasts indicate continued household gains alongside smaller average household sizes, which typically translates into more renters entering the market and supports occupancy stability over time. Renter-occupied share in the 3-mile area is expected to trend higher by 2028, signaling a gradually deepening tenant pool.
Amenity density is modest in this suburban setting—limited park, pharmacy, and café counts—while grocery access is serviceable. For multifamily, this often tilts value toward larger unit sizes and on-site features. The asset’s 2000 vintage is newer than the neighborhood average construction year (1990), which can be a competitive advantage versus older stock while still warranting attention to systems updates and selective modernization for positioning.
Neighborhood-level crime metrics were not available in this dataset. Investors should benchmark local safety trends against the broader Albany–Schenectady–Troy region and consider management practices, lighting, access control, and community engagement as part of risk assessment. Use multiple sources and time horizons to gauge directional trends rather than block-level precision.
Regional employment anchors within commuting range include technology and healthcare supply-chain offices that help underpin renter demand and lease retention for workforce-oriented units.
- IBM — technology & services (23.2 miles)
- McKesson — pharmaceutical distribution (24.7 miles)
Built in 2000, the 82-unit community offers a newer-vintage profile than much of the surrounding neighborhood, supporting competitive positioning versus older assets while leaving room for targeted upgrades. Elevated neighborhood home values reinforce reliance on rental housing, and within a 3-mile radius the renter pool is expanding as households outpace population growth—an investor-friendly setup for occupancy and renewals. According to CRE market data from WDSuite, neighborhood-level rents sit near national midranges and rent-to-income looks manageable, suggesting pricing can be tuned with attention to retention.
Key considerations include suburban amenity dispersion and neighborhood occupancy that has trailed national benchmarks, which places a premium on asset quality, marketing, and operations. Near-term rent growth may be uneven given forecasts, but income gains in the 3-mile radius and a deepening renter concentration provide a buffer for leasing stability.
- Newer 2000 vintage relative to local stock supports competitiveness and selective value-add.
- High-cost ownership context sustains renter reliance, aiding renewals and occupancy.
- 3-mile radius shows renter pool expansion and household growth, supporting demand depth.
- Neighborhood rents near national midranges allow calibrated pricing with focus on retention.
- Risks: suburban amenity dispersion, neighborhood occupancy below national norms, and uneven near-term rent growth.