| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 49th | Good |
| Demographics | 73rd | Best |
| Amenities | 82nd | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 91 Church Ave, Ballston Spa, NY, 12020, US |
| Region / Metro | Ballston Spa |
| Year of Construction | 1984 |
| Units | 96 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
91 Church Ave, Ballston Spa — 96-Unit 1984 Multifamily
Neighborhood occupancy trends sit near the metro median and renter concentration is comparatively strong, according to WDSuite’s CRE market data, supporting stable demand for a professionally managed asset of this scale.
Situated in Ballston Spa within the Albany–Schenectady–Troy metro, the property benefits from an Inner Suburb setting with an A+ neighborhood rating. Amenities are a clear strength: the area ranks competitive among 295 metro neighborhoods for amenity access (ranked 2nd of 295) and places in the top quartile nationally, helping with leasing appeal and day-to-day resident convenience.
Everyday needs are well-covered with strong density of restaurants, cafes, groceries, parks, and pharmacies. Cafes and restaurants in particular compare favorably to both metro peers and national norms, with cafes performing near the top of the metro (11th of 295) and in a high national percentile. These dynamics typically support retention and reduce friction during lease-up.
Schools in the surrounding area are also a positive signal for family renters, with the neighborhood’s average school rating in the top quartile nationally and ranking 8th among 295 metro neighborhoods. For investors, this can translate to deeper family-oriented renter demand and longer tenancy duration.
Tenure and affordability trends are supportive for multifamily demand. The neighborhood’s share of renter-occupied housing units sits in a higher national percentile, indicating a meaningful renter base. Within a 3-mile radius, recent data shows growth in households alongside a slight reduction in average household size, which typically expands the renter pool and supports occupancy stability. Elevated home values relative to local incomes are moderate by national standards, reinforcing steady reliance on multifamily options without fully displacing renters into ownership.
The asset’s 1984 vintage is newer than the neighborhood’s older average building stock. That positioning can offer competitive appeal versus prewar properties while still presenting potential value-add through targeted system upgrades and interior modernization to meet today’s renter expectations.
Neighborhood-level crime data was not available in this release. Investors commonly benchmark safety by comparing multi-year, neighborhood-scale trends against metro averages and property-level operating history. In practice, owners pair third-party crime datasets with on-the-ground observations and resident feedback to contextualize risk and inform security planning.
Regional employment anchors within a commutable range help support renter demand and retention for workforce households, including roles in technology and healthcare distribution noted below.
- IBM — technology & professional services (24.5 miles)
- McKesson — healthcare distribution (24.7 miles)
91 Church Ave offers scale at 96 units with an average unit size near 870 sf, positioned in an A+ Inner Suburb location that compares well on amenities and school quality. The 1984 construction is relatively newer than much of the surrounding housing stock, creating room for thoughtful value-add while remaining competitive to older product. According to CRE market data from WDSuite, the neighborhood maintains occupancy around the metro median and a comparatively strong renter base, while 3-mile trends point to more households and smaller household sizes—both supportive of a larger tenant base and steady leasing.
Ownership costs in the area are elevated enough to sustain multifamily reliance but not so high as to preclude move-up renters, which can aid retention and pricing power when paired with amenity access and school performance. Execution focus should include targeted renovations consistent with 1980s systems and interiors to capture rent premiums without overextending capex.
- A+ Inner Suburb location with top-quartile amenities and school ratings
- 1984 vintage offers modernization and value-add potential versus older stock
- Occupancy near metro median and a meaningful renter base support leasing stability
- Household growth and smaller household sizes within 3 miles expand the renter pool
- Risks: limited published crime data; some competition from ownership options; capex for 1980s systems