| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 67th | Best |
| Demographics | 67th | Good |
| Amenities | 20th | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 125 West Ave, Saratoga Springs, NY, 12866, US |
| Region / Metro | Saratoga Springs |
| Year of Construction | 2007 |
| Units | 105 |
| Transaction Date | 2005-01-20 |
| Transaction Price | $825,000 |
| Buyer | WESTVIEW APARTMENTS LP |
| Seller | FARONE CONSTANCE |
125 West Ave Saratoga Springs Multifamily Investment
Neighborhood occupancy sits around the metro median with solid renter demand, according to WDSuite’s CRE market data, supporting stable leasing fundamentals for well-positioned assets in Saratoga Springs.
Saratoga Springs’ West Avenue corridor shows balanced fundamentals for multifamily investors. The neighborhood ranks 76th of 295 in the Albany–Schenectady–Troy metro, placing it above the metro median overall, with occupancy in the neighborhood around 92% and at the metro median by rank. Median contract rents in the neighborhood track above national medians and are competitive among metro sub-areas, which helps sustain revenue potential while keeping rent-to-income ratios moderate for retention.
Local livability skews suburban. Walkable retail immediately nearby is limited (few cafes, groceries, parks, and pharmacies within short distances), so residents rely more on driving for daily needs; however, the broader Saratoga market still offers access to employers and services. Average school ratings in the neighborhood sit modestly above national medians, which can support family-oriented renter demand.
Tenure patterns signal a viable renter base. At the neighborhood level, the share of housing units that are renter-occupied ranks competitive within the metro (33.8% renter concentration), indicating depth for multifamily leasing without overdependence on transient demand. For investors, this typically supports steadier occupancy across cycles.
Within a 3-mile radius, demographics point to a growing tenant base. Recent trends show flat population change but rising incomes, and forecasts call for population growth and a meaningful increase in households by 2028. That mix—larger household counts and income gains—tends to support absorption, particularly for 1–2 bedroom formats. Median home values in the neighborhood are elevated relative to national norms, which in this market context can reinforce sustained reliance on rental housing and bolster pricing power for well-maintained assets.
Vintage positioning matters here: the subject property’s 2007 construction is newer than the neighborhood average vintage (mid-1980s). Newer stock typically competes well on finishes, systems, and energy efficiency versus older product, though selective modernization and common-area upgrades may still be warranted to maintain leasing velocity.
Neighborhood-level crime metrics are not available for this area in the current WDSuite release. Investors commonly benchmark Saratoga Springs submarkets against regional trends and emphasize on-site measures—lighting, access control, and property management practices—when underwriting leasing stability and retention.
The employment base is diversified across healthcare distribution and technology within commuting range, supporting renter demand from professionals who prioritize commute convenience.
- McKesson — healthcare distribution (18.9 miles)
- IBM — technology (29.6 miles)
Built in 2007 with 105 units averaging roughly 892 square feet, the property is positioned as newer stock relative to the neighborhood’s older baseline, giving it a competitive edge on finishes and systems versus 1980s-era assets. Neighborhood occupancy sits near the metro median and renter concentration is competitive among Albany–Schenectady–Troy neighborhoods, supporting steady absorption and lease retention. According to CRE market data from WDSuite, local rents sit above national medians while rent-to-income levels remain manageable, a mix that can sustain pricing without overextending residents.
Within a 3-mile radius, forecasts call for population growth and a notable increase in households by 2028, which points to a larger tenant base for 1–2 bedroom formats. Elevated neighborhood home values relative to national norms suggest a high-cost ownership market, which often reinforces reliance on multifamily housing and helps stabilize occupancy for well-maintained communities. Select modernization and amenity refreshes could enhance competitiveness and support rent growth while keeping turnover manageable.
- Newer 2007 vintage versus neighborhood average, supporting competitive positioning and lower near-term systems risk
- Neighborhood occupancy near metro median with renter concentration competitive among metro areas, aiding leasing stability
- Forecast population and household growth within 3 miles expands the tenant base for 1–2 bedroom units
- Elevated neighborhood home values support sustained reliance on rental housing and pricing power for well-kept assets
- Risks: limited immediate walkable amenities and commuting distances to major employers may temper walk-to-retail appeal