| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 69th | Best |
| Demographics | 65th | Good |
| Amenities | 26th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 300 Northline Rd, Ballston Spa, NY, 12020, US |
| Region / Metro | Ballston Spa |
| Year of Construction | 1997 |
| Units | 32 |
| Transaction Date | 1996-11-30 |
| Transaction Price | $51,400 |
| Buyer | MILTON SENIOR LIMITED PAR TNER |
| Seller | VILLAGE OF BALLSTON SPA |
300 Northline Rd, Ballston Spa Multifamily Investment
Neighborhood occupancy trends are strong and renter demand is supported by solid household incomes, according to WDSuite’s CRE market data. The area’s renter concentration is modest but stable, pointing to a steady tenant base for a 32-unit asset.
This suburban Ballston Spa location shows durable fundamentals for multifamily. Neighborhood occupancy ranks in the top quartile among 295 Albany–Schenectady–Troy neighborhoods and sits above the 80th percentile nationally, suggesting healthy lease-up and retention dynamics for stabilized assets. Median household income is also above metro norms (79th percentile nationally), supporting collections and rent-to-income ratios that leave room for disciplined rent management.
Renter-occupied housing accounts for roughly a quarter of neighborhood units, indicating a modest but dependable renter base that can support steady absorption without outsized turnover risk. Within a 3-mile radius, population grew modestly over the past five years while household counts rose, and WDSuite’s projections indicate more households even as average household size trends lower. For investors, that points to a larger tenant pool over time and supports occupancy stability as more households seek rental options.
Local livability signals are mixed but serviceable for workforce housing. Grocery access is roughly in line with national norms, while parks availability rates above the national median; cafes and pharmacies are comparatively sparse, reflecting a quieter suburban fabric. Average school ratings are above the national median and competitive among metro peers, a factor that can aid lease retention for family renters.
Ownership costs are elevated relative to many secondary markets, and home values have appreciated meaningfully in recent years. Combined with a neighborhood rent-to-income ratio near 0.19, this sets a backdrop where rental housing remains a practical choice for many households, supporting stable demand while limiting aggressive pricing power. Overall neighborhood quality is rated A- and ranks above the metro median, underscoring balanced fundamentals for long-term operations.
Comparable neighborhood-level safety metrics are not available in the current WDSuite data release for this location. Investors typically benchmark conditions against metro and county trend sources and monitor multi-year patterns to gauge operating risk and retention impacts. Given the suburban context, underwriting should incorporate standard diligence using publicly available crime trend resources and property-level incident histories.
Regional employment is anchored by healthcare distribution and technology, which supports commuter demand and broadens the renter base for workforce-oriented assets nearby. Key employers within a commutable radius include McKesson and IBM.
- McKesson — healthcare distribution (22.9 miles)
- IBM — technology & services (26.4 miles)
The property benefits from a suburban location where occupancy performance is competitive among Albany–Schenectady–Troy neighborhoods and above national medians, supporting steady cash flow for stabilized multifamily. Income levels in the surrounding area are comparatively strong, and the 3-mile radius shows rising household counts alongside smaller household sizes—trends that typically translate into a broader renter pool and support for retention.
Home values have risen and ownership costs are high relative to incomes, which reinforces reliance on rental housing even as rent-to-income ratios remain manageable. Based on CRE market data from WDSuite, these dynamics point to durable demand with measured pricing power, while the suburban amenity mix and moderate renter concentration favor consistent operations over more speculative growth.
- Competitive neighborhood occupancy (top quartile in the metro) supports lease stability and collections
- Rising household counts within 3 miles expand the tenant base and aid absorption
- Higher ownership costs sustain rental demand while rent-to-income levels remain manageable
- Suburban amenity set suits workforce renters, with schools above national median aiding retention
- Risks: limited nearby amenities, modest renter concentration, and the need to validate local safety trends during diligence