| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 67th | Best |
| Demographics | 88th | Best |
| Amenities | 24th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 151 Jefferson St, Saratoga Springs, NY, 12866, US |
| Region / Metro | Saratoga Springs |
| Year of Construction | 1973 |
| Units | 110 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
151 Jefferson St Saratoga Springs Multifamily Investment
High home values and an above-median renter concentration in the neighborhood point to durable rental demand, according to WDSuite’s CRE market data. While neighborhood occupancy trends sit below metro norms, pricing power tends to be supported by a high-cost ownership landscape.
Saratoga Springs offers suburban fundamentals with steady renter demand drivers. Neighborhood home values sit in the top quartile nationally, reinforcing reliance on rentals for many households and supporting lease retention. Restaurants are more prevalent than in the average U.S. neighborhood, while parks access is also strong (top quartile nationally). By contrast, daily-needs retail like groceries, pharmacies, and cafes is limited within the immediate neighborhood, placing a premium on proximity to key corridors.
Renter-occupied housing comprises a sizable share of units locally and is competitive among Albany-Schenectady-Troy neighborhoods (295 total), which expands the tenant base for multifamily assets. Neighborhood occupancy performance is below the metro median among 295 neighborhoods, suggesting owners should emphasize leasing execution, unit quality, and amenity positioning to defend absorption and renewals.
Demographics aggregated within a 3-mile radius indicate a stable population with households up modestly in recent years and projections pointing to a meaningful increase by 2028. The mix skews toward working-age adults with a sizable 18–34 cohort, supporting renter pool depth. Median household incomes have risen and are projected to continue increasing, which can underpin rent collections and reduce turnover risk. Forecasts also indicate slightly smaller average household sizes, which can favor demand for well-designed smaller units.
The property’s 1973 vintage is older than the neighborhood’s average construction year, suggesting capital planning for building systems and interiors could unlock value-add upside and improve competitive positioning against newer stock.
Neighborhood-level safety metrics specific to this area are not available in the current WDSuite release. Investors typically benchmark conditions against broader metro trends and focus on professional management practices, lighting, access control, and community engagement to support resident experience and retention.
Regional employment access supports commuter demand, with proximity to healthcare and technology corporate offices that draw a skilled workforce and sustain leasing.
- McKesson — healthcare distribution offices (19.2 miles)
- IBM — technology & services offices (28.8 miles)
This 110-unit asset in Saratoga Springs benefits from a high-cost ownership market and a renter base that is competitive within the metro, supporting depth of demand. Neighborhood occupancy trends are below metro medians, so performance hinges on active leasing and unit differentiation; however, restaurants and parks access outperform national norms, which can aid resident satisfaction and renewals. Based on commercial real estate analysis from WDSuite, rent-to-income positioning is manageable locally, supporting collections and pricing discipline.
Built in 1973, the property presents potential value-add and systems modernization opportunities relative to newer neighborhood stock. Within a 3-mile radius, projections point to rising incomes and a larger household count by 2028, expanding the tenant base and supporting occupancy stability over a longer hold. Execution focus should include targeted renovations, competitive amenities, and expense control to navigate softer neighborhood occupancy while capturing demand from households that favor rental housing.
- High-cost ownership market reinforces renter reliance and pricing power
- Renter concentration competitive within the metro (295 neighborhoods) supports tenant depth
- 1973 vintage offers value-add and system upgrade potential versus newer stock
- 3-mile radius outlook shows rising incomes and more households, aiding leasing stability
- Risk: neighborhood occupancy sits below metro median; success depends on leasing execution and unit quality