| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 32nd | Poor |
| Demographics | 40th | Poor |
| Amenities | 53rd | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 364 W Maple St, Corinth, NY, 12822, US |
| Region / Metro | Corinth |
| Year of Construction | 1990 |
| Units | 41 |
| Transaction Date | 2014-08-21 |
| Transaction Price | $1,553,210 |
| Buyer | R2D2 HOUSING DEVELOPMENT FUND COMPANY INC |
| Seller | CORINTH HOUSING REDEVELOPMENT COMPAN |
364 W Maple St, Corinth NY Multifamily Investment
Newer-vintage for the area, the property’s 1990 construction offers competitive positioning versus older neighborhood stock, supporting durable leasing in a suburban setting according to WDSuite’s CRE market data. Household growth within a 3-mile radius expands the local renter pool, reinforcing demand consistency.
Located in Corinth within the Albany–Schenectady–Troy metro, this suburban neighborhood carries a C+ rating and sits above the metro median on overall ranking (191 out of 295). Restaurant access is a relative strength, with the neighborhood in the 85th percentile nationally for restaurant density, and parks access is also strong (83rd percentile). Grocery options are competitive versus peers (69th percentile nationally), while pharmacies, cafes, and childcare are limited nearby.
Neighborhood housing skews more owner-occupied, with renter-occupied units at 28.7% (above the metro median by rank). For multifamily investors, that signals a modest but steady renter base where lease-up relies on in-market demand rather than heavy in-migration. The neighborhood occupancy rate ranks in the lower tier locally (248 out of 295), suggesting operators should prioritize retention and active leasing strategies to sustain occupancy.
Within a 3-mile radius, recent population and household gains point to a larger tenant base: households increased meaningfully over the last five years, and projections indicate further household growth even as average household size trends lower. This combination typically supports occupancy stability and consistent demand for rental units. Median contract rents remain comparatively accessible for the region, which can aid renewal capture and reduce turnover risk.
The property’s 1990 vintage is newer than the neighborhood’s older average housing stock (1920s era), offering a relative competitive edge; investors should still plan for system updates typical of early-1990s construction when pursuing value-add or repositioning. Schools in the area trend below national medians, and elevated homeownership accessibility (lower value-to-income ratios) can create some competition from ownership alternatives, though current rent-to-income levels indicate manageable affordability pressure for renters. These dynamics, based on commercial real estate analysis from WDSuite, point to steady but operator-led performance rather than automatic outperformance.
Comparable, block-level crime metrics are not available in this dataset for the neighborhood. Investors typically benchmark safety using metro and municipal sources and review multi-year trends to understand any directional changes rather than single-year snapshots.
Regional healthcare and technology employers help underpin commuter demand from the surrounding area, supporting renter retention through steady employment access. The list below highlights nearby corporate offices relevant to the property’s workforce renter base.
- McKesson — healthcare distribution (10.3 miles)
- IBM — technology & services (41.5 miles)
Built in 1990, this 41-unit asset offers newer-vintage positioning versus much of the surrounding housing stock, which can reduce near-term capital friction while leaving room for targeted renovations to enhance competitiveness. Household growth within a 3-mile radius and accessible rent levels support a stable tenant base and help underpin occupancy management, according to CRE market data from WDSuite.
Neighborhood rankings show strong access to restaurants and parks but relatively weaker occupancy performance locally, indicating that returns will skew toward operational execution: retention, thoughtful renewals, and selective upgrades. Ownership costs in the area are comparatively accessible, which can introduce competition from for-sale options, but manageable rent-to-income levels support leasing and renewal capture for well-run properties.
- 1990 vintage offers relative competitiveness versus older local stock, with clear value-add pathways
- Growing household counts within 3 miles expand the renter base and support occupancy stability
- Strong restaurant and park access enhances livability, aiding tenant retention
- Operational focus needed given below-median neighborhood occupancy; emphasis on renewals and leasing
- Potential competition from accessible homeownership options warrants careful pricing and amenity positioning