| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 70th | Best |
| Demographics | 70th | Good |
| Amenities | 63rd | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1810 Route 9, Clifton Park, NY, 12065, US |
| Region / Metro | Clifton Park |
| Year of Construction | 1994 |
| Units | 56 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
1810 Route 9 Clifton Park Multifamily Opportunity
Neighborhood fundamentals point to steady renter demand and high occupancy at the neighborhood level, according to WDSuite’s CRE market data. Strong incomes with a manageable rent burden support pricing resilience without relying on outsized concessions.
Set in suburban Clifton Park within the Albany–Schenectady–Troy metro, the surrounding neighborhood ranks competitively among 295 metro neighborhoods for daily amenities. Cafes, restaurants, and pharmacies sit in the stronger slice of the metro distribution (each within the better-performing cohort by rank), while grocery access is competitive among Albany–Schenectady–Troy neighborhoods. Park acreage per square mile is thinner, so green space is more destination-based than walk-up.
At the neighborhood level, occupancy is in the top quartile of the metro and rates compare favorably nationwide, supporting stability for multifamily assets nearby. Median household incomes sit in a high national percentile, and the rent-to-income profile indicates balanced affordability—factors that can underpin retention and temper turnover risk in lease management.
Within a 3-mile radius, demographics show modest population growth over the last five years and a projected increase through the next cycle, pointing to a gradually expanding tenant base. Household counts are expected to rise, even as average household size trends slightly lower—conditions that typically translate into more households competing for available rentals and support for occupancy.
Owner- versus renter-occupied patterns suggest a predominantly owner-occupied area with a meaningful renter presence (about one-third of housing units are renter-occupied at both the neighborhood and 3-mile radius scales). For investors, that mix implies depth for market-rate demand while limiting oversaturation risk from highly transient corridors. Elevated home values relative to incomes locally indicate a higher-cost ownership market, which can sustain reliance on rental housing and support pricing power for well-positioned assets.
Comparable crime metrics were not available at the neighborhood level in this dataset. Investors typically benchmark safety using multiple sources and trend views (neighborhood-to-metro, multi-year patterns) to understand relative positioning. Given the property’s suburban context within the Albany–Schenectady–Troy region, a prudent approach is to review recent police blotter summaries, municipal reports, and insurer/lender due-diligence screens to confirm trend stability around the asset.
Regional employment access includes established corporate offices that broaden the professional tenant base and support retention through commute convenience. Nearby anchors include IBM and McKesson.
- IBM — technology services (16.2 miles)
- McKesson — healthcare distribution (31.4 miles)
The area surrounding 1810 Route 9 exhibits strong fundamentals for multifamily, with neighborhood occupancy in the metro’s upper tier and incomes positioned well above national medians. Elevated local home values create a high-cost ownership environment, which can reinforce renter reliance on multifamily housing and support revenue management. Based on CRE market data from WDSuite, amenity access is competitive within the metro, while limited park acreage suggests the appeal is driven more by daily conveniences and suburban connectivity than open-space adjacency.
Within a 3-mile radius, population growth and a projected increase in households point to a slowly expanding renter pool. The tenure mix skews toward owners but retains a meaningful base of renter-occupied units, reducing volatility while still offering leasing depth for well-amenitized, professionally managed assets.
- Occupancy in the neighborhood sits in the metro’s top quartile, supporting stability and retention.
- High household incomes and balanced rent-to-income dynamics support pricing power without overextending affordability.
- 3-mile demographic growth and rising household counts indicate a gradually expanding tenant base.
- Elevated ownership costs locally reinforce demand for quality rental housing.
- Risk: Limited park acreage and an owner-leaning tenure mix may moderate lease-up from lifestyle renters seeking abundant green space.