| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 69th | Best |
| Demographics | 65th | Good |
| Amenities | 26th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 300 Maple Ave, Ballston Spa, NY, 12020, US |
| Region / Metro | Ballston Spa |
| Year of Construction | 2000 |
| Units | 23 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
300 Maple Ave Ballston Spa Multifamily Investment
Neighborhood occupancy is solid and rents have trended higher than many areas, supporting stable cash flow potential according to WDSuite’s CRE market data.
The property sits in a suburban neighborhood rated A- and competitive among Albany–Schenectady–Troy neighborhoods, ranking 62 out of 295 (top quartile among metro peers). Neighborhood-level occupancy is strong at 96.8% (per WDSuite), positioning assets here for steadier leasing and fewer prolonged vacancies versus weaker submarkets. Note that this occupancy figure reflects the neighborhood, not the specific property.
Rent fundamentals are favorable: neighborhood median contract rents are above the national median and have grown meaningfully in recent years, while the rent-to-income ratio remains near 0.19, suggesting manageable affordability that can support retention and measured pricing power. Owner-occupancy is prevalent, with about 26.7% of housing units renter-occupied; for investors, this typically indicates a stable but thinner renter pool, with steadier tenancy patterns and less turnover-focused exposure.
Livability signals are mixed. Parks access trends above national norms, and average school ratings are modestly above national mid-percentiles; however, local retail density (cafes, pharmacies) is limited, reflecting a quieter suburban setting rather than a high-amenity, walkable node. These conditions often favor residents prioritizing space and stability over immediate storefront access, which can support lease retention but may constrain premium rent capture based on walkability alone.
Within a 3-mile radius, WDSuite shows modest population growth over the past five years and projections pointing to an increase in households alongside slightly smaller average household sizes through 2028. For multifamily investors, that combination generally supports a larger tenant base and occupancy stability even if top-line population growth remains measured.
Comparable, neighborhood-level crime metrics are not available in the current WDSuite release for this area. Investors commonly contextualize safety by reviewing municipal reports, police blotters, and property-level incident histories alongside regional benchmarks. Without standardized figures, it is prudent to underwrite conservatively and rely on third-party diligence for a current view.
Regional corporate offices support a commuter workforce that can bolster renter demand and retention, primarily via stable, white-collar employment centers reachable by car. The nearby employers listed below align with that commuter pattern.
- McKesson — corporate offices (23.8 miles)
- IBM — corporate offices (26.1 miles)
Built in 2000, the asset is slightly newer than the neighborhood s average vintage, which can help competitive positioning versus older stock; investors should still plan for selective system updates typical of a 20+ year-old building. Neighborhood-level occupancy is strong and rent growth has outpaced many areas, while rent-to-income levels point to manageable affordability a setup that can support retention and measured rent initiatives, according to CRE market data from WDSuite.
Demand depth is steady rather than speculative: the surrounding 3-mile area shows modest population growth historically and projections for more households with smaller sizes, which generally expands the renter pool and supports leasing stability. The area s more owner-leaning tenure mix suggests balanced rent growth expectations and disciplined renewal management, especially given limited walkable retail amenities.
- 2000 vintage offers relative competitive positioning versus older stock, with focused capital planning for mid-life systems.
- Neighborhood occupancy is strong with rents above national medians, supporting stable leasing and retention.
- 3-mile radius shows rising household counts and smaller sizes, pointing to a broader tenant base and sustained demand.
- Owner-leaning tenure mix supports steadier tenancy; pricing power likely tied to quality and management, not walkability premiums.
- Risks: limited nearby retail amenities, moderate growth pace, and competition from ownership options may temper peak rent premiums.