| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 49th | Good |
| Demographics | 73rd | Best |
| Amenities | 82nd | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 70 Bath St, Ballston Spa, NY, 12020, US |
| Region / Metro | Ballston Spa |
| Year of Construction | 1983 |
| Units | 29 |
| Transaction Date | 2007-10-01 |
| Transaction Price | $2,000,000 |
| Buyer | 70 BATH STREET INCORPORATED |
| Seller | ROSSI ROSE MARIE |
70 Bath St Ballston Spa Multifamily Opportunity
Positioned in a top-tier Ballston Spa neighborhood, this 29-unit asset benefits from steady renter demand and convenient amenity access, according to WDSuite’s CRE market data.
The property sits in an Inner Suburb location that ranks among the top tier of Albany–Schenectady–Troy neighborhoods (4th of 295 by overall rating). Amenity access is a local strength, with the area performing in the top quartile nationally for cafes and restaurants and competitive for parks, pharmacies, and groceries. This concentration of daily needs supports leasing velocity and day-to-day livability for residents.
Schools score in the top quartile nationally, a factor that can bolster family-oriented renter retention. Demographic indicators for the neighborhood are above the metro median, and within a 3-mile radius, recent years show population and household growth with income gains that expand the renter pool. Forward-looking data point to a meaningful increase in households alongside smaller average household sizes, which typically supports demand for rental units and occupancy stability.
The asset’s 1983 vintage is newer than the neighborhood’s older housing stock (average construction year skewing early 20th century), which can enhance competitive positioning versus legacy properties. Investors should still plan for targeted system upgrades or modernization to align with current renter expectations and capture value-add upside.
Tenure patterns indicate a moderate share of renter-occupied housing in the neighborhood, suggesting a stable, but not saturated, tenant base. With home values and rent-to-income dynamics sitting near national midranges, the area offers a balance that can support lease retention while allowing disciplined pricing management. Based on commercial real estate analysis from WDSuite, neighborhood occupancy has trended upward over the last five years, reinforcing a constructive backdrop for cash flow durability.
Comparable, neighborhood-level crime figures are not available in this dataset, so direct metro ranking is not cited. Investors typically evaluate safety using multiple inputs, including owner records, insurance quotes, and municipality resources, to confirm on-the-ground conditions and trend direction.
Given the property’s Inner Suburb context and strong overall neighborhood standing within the metro, many owners view the area as supportive of resident retention; however, site-specific diligence remains important to validate conditions at the block level and along primary resident travel routes.
Regional employers within commuting distance support a diversified workforce tenant base, notably in healthcare distribution and technology, which can aid leasing stability for workforce housing.
- McKesson — healthcare distribution (24.3 miles)
- IBM — technology & services (25.0 miles)
This 1983-vintage, 29-unit property offers a manageable scale in a top-ranked Ballston Spa neighborhood that benefits from strong amenity access and above-median demographics. According to CRE market data from WDSuite, the area sits among the metro’s leaders for overall neighborhood quality, with schools in the top quartile nationally and amenity density that supports day-to-day convenience. The asset’s relatively newer vintage versus much of the surrounding housing stock positions it well for targeted renovations to enhance rents and retention.
Within a 3-mile radius, recent population and household growth, coupled with rising incomes and a projected increase in households, point to ongoing renter pool expansion. Tenure patterns indicate a moderate renter-occupied share, aligning with steady multifamily demand. While ownership remains accessible relative to many coastal markets, rent-to-income levels suggest manageable affordability pressure, supporting lease management and occupancy stability over the cycle.
- Top-tier neighborhood within the metro, with strong schools and daily-needs access supporting leasing and retention
- 1983 construction offers competitive positioning versus older local stock and clear value-add/modernization pathways
- 3-mile radius shows population and household growth, with households projected to rise further—expanding the renter pool
- Balanced affordability profile supports pricing power while helping sustain occupancy and renewal rates
- Risks: flat population forecasts at the neighborhood level in some series, aging systems typical of 1980s assets, and competition from ownership options