| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 69th | Best |
| Demographics | 81st | Best |
| Amenities | 80th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 57 Ballston Ave, Saratoga Springs, NY, 12866, US |
| Region / Metro | Saratoga Springs |
| Year of Construction | 1979 |
| Units | 111 |
| Transaction Date | 2014-09-26 |
| Transaction Price | $59,400 |
| Buyer | CITY OF SARATOGA SPRINGS |
| Seller | S N S DEV CO |
57 Ballston Ave Saratoga Springs Multifamily Investment
High home values and a strong renter-occupied presence in the neighborhood point to durable rental demand, according to WDSuite s CRE market data. The location s amenity density and school quality further support tenant retention potential.
Saratoga Springs Inner Suburb setting around 57 Ballston Ave ranks first among 295 metro neighborhoods (A+ rating), signaling competitive fundamentals for multifamily investors. Amenity access is a clear strength: restaurant density is among the highest in the metro (ranked 2 of 295 and at the top nationally), with cafes and groceries also ranking near the top locally. Average school ratings around 4.0 (ranked 8 of 295; top quartile nationally) support family-friendly positioning and can aid leasing stability.
Ownership costs are elevated for the neighborhood (home values ranked 2 of 295 and high in the national distribution), which typically sustains reliance on rental options and supports pricing power over time. Neighborhood renter-occupied share is about 57%, placing it in the upper tier locally and nationally, indicating a deep tenant base for a 111-unit asset. By contrast, the neighborhood s occupancy rate around the mid-80% range sits below national norms; operators may prioritize leasing execution and renewal strategies to stabilize performance.
Within a 3-mile radius, demographics show a stable population today with forecasts indicating growth ahead and an expected increase in households, which points to a larger renter pool over the next few years. Income trends have been moving higher, and rents in the 3-mile area have also advanced, suggesting scope for continued professional demand while reinforcing the need for careful affordability management.
Operationally, the micro-area offers strong parks access and daily conveniences, though pharmacy presence is limited within the immediate neighborhood, implying some residents may look to nearby nodes for prescriptions and specialized services. Overall, these local dynamics compare favorably against metro and national CRE trends and align with investor interest in well-amenitized, high-cost ownership markets that support multifamily demand.
Neighborhood-level crime metrics are not available in this data release for the Albany Schenectady Troy metro segment that includes Saratoga Springs. In the absence of ranked figures, investors typically benchmark city and county trend reports alongside property-level measures (lighting, access control, and visibility) to assess risk and support leasing and retention strategies.
Regional employers within commuting distance help underpin renter demand among healthcare and technology professionals. Nearby corporate offices include McKesson and IBM, which contribute to a diversified white-collar employment base.
- McKesson healthcare distribution offices (18.7 miles)
- IBM technology & services offices (29.4 miles)
This 1979-vintage, 111-unit asset benefits from a high-cost ownership environment and a renter-occupied share that ranks near the top locally, supporting a deep tenant base and potential pricing power. The neighborhood is top-ranked among 295 metro neighborhoods and features exceptional food-and-beverage density plus above-median school ratings, all of which are conducive to leasing velocity and retention. While the neighborhood occupancy rate is below national norms, forward household growth within a 3-mile radius suggests a larger renter pool that can support stabilization with disciplined operations.
The vintage is slightly newer than the local average, positioning the property competitively versus older stock while still warranting targeted system updates or common-area refreshes to capture value-add upside. Based on multifamily property research and CRE market data from WDSuite, local income growth and rising rents indicate durable demand, provided management stays attentive to affordability and renewal strategies.
- High-cost ownership market and strong renter concentration support demand depth
- Top-ranked neighborhood in the metro with exceptional dining and daily amenities
- 1979 vintage offers competitive positioning with potential value-add through selective upgrades
- 3-mile forecasts point to more households and a larger renter pool, aiding stabilization
- Risk: neighborhood occupancy trails national norms; proactive leasing and retention will be key