| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 69th | Best |
| Demographics | 65th | Good |
| Amenities | 26th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 322 Northline Rd, Ballston Spa, NY, 12020, US |
| Region / Metro | Ballston Spa |
| Year of Construction | 2002 |
| Units | 32 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
322 Northline Rd, Ballston Spa NY Multifamily Investment
Stabilized suburban fundamentals and a renter base supported by rising household incomes point to steady leasing, according to WDSuite’s CRE market data. The neighborhood’s occupancy strength and newer-vintage competitive set help underpin durable operations.
Located in a suburban pocket of the Albany–Schenectady–Troy metro, the neighborhood posts a 96.8% occupancy rate and ranks 69th among 295 metro neighborhoods, which is competitive among Albany–Schenectady–Troy neighborhoods (82nd percentile nationally). For investors, that translates to solid baseline demand and supports expectations for stable tenancy and leasing continuity.
Renter-occupied housing accounts for 26.7% of neighborhood units, indicating a predominantly owner-occupied area with a defined but selective renter pool. Within a 3-mile radius, WDSuite’s data shows recent population growth alongside an increase in total households and forecasts point to more households and smaller average household sizes over the next five years—factors that can expand the tenant base and support occupancy stability.
On pricing, neighborhood rents benchmark in the top quartile among 295 metro neighborhoods, while NOI per unit also ranks in the top quartile—signals of healthy income performance relative to the metro. Median home values are likewise top quartile in the metro and above the national median, which reinforces renter reliance on multifamily housing; however, the area’s value-to-income levels suggest ownership remains attainable for some households, a dynamic that can temper pricing power during lease-up.
Livability is anchored by parks and basic retail access, though the amenity mix (cafes, pharmacies) is thinner than urban cores. Average school ratings trend above the national median, which can help retain family renters. The property’s 2002 vintage is newer than the neighborhood’s average construction year (1996), providing a competitive edge versus older stock; investors should still underwrite selective modernization of common areas and systems as part of long-term capital planning.
Comparable neighborhood safety data is limited in the current WDSuite extract for this location, so block-level conclusions are not warranted. Investors typically contextualize property risk by reviewing city and metro trends, police-reported patterns, and owner-operator experience across nearby Albany–Schenectady–Troy submarkets.
Regional employers within commuting range support renter demand by broadening the pool of professionals seeking suburban housing. Notable names include McKesson and IBM, which contribute to healthcare distribution and technology employment, respectively.
- McKesson — healthcare distribution (23.0 miles)
- IBM — technology & services (26.4 miles)
This 32-unit, 2002-vintage asset aligns with a suburban neighborhood that exhibits competitive occupancy within the Albany–Schenectady–Troy metro and above-median national standing, supporting steady leasing and retention. Rents and NOI per unit rank in the metro’s top quartile, per WDSuite, indicating durable income performance relative to nearby submarkets. Within a 3-mile radius, recent growth in households and forecasts for a larger household base with smaller average household sizes suggest a broader tenant pool over time, while elevated ownership costs in the neighborhood sustain rental demand even as ownership remains attainable for segments of the market.
The property’s newer-than-average vintage versus local stock provides a competitive position against older assets; investors should still budget for ongoing modernization to maintain curb appeal and efficiency. Based on commercial real estate analysis from WDSuite, the submarket’s fundamentals favor stable cash flow with measured upside through targeted value-add and asset management.
- Competitive neighborhood occupancy and above-median national standing support steady leasing
- Metro top-quartile positioning on rents and NOI per unit points to durable income performance
- 3-mile radius shows household growth and a shift toward smaller households, expanding the tenant base
- 2002 vintage offers relative competitiveness; selective modernization can enhance positioning
- Risks: thinner local amenities and some competition from ownership options may temper rent growth