| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 71st | Best |
| Demographics | 69th | Good |
| Amenities | 51st | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 65 Old Gick Rd, Saratoga Springs, NY, 12866, US |
| Region / Metro | Saratoga Springs |
| Year of Construction | 2012 |
| Units | 84 |
| Transaction Date | 2001-07-05 |
| Transaction Price | $170,000 |
| Buyer | CDP SPRINGS 2 LLC |
| Seller | MABEY ROBERT |
65 Old Gick Rd Saratoga Springs Multifamily Investment
Neighborhood occupancy remains tight and renter demand is supported by steady household growth, according to WDSuite’s CRE market data. Metrics cited are measured at the neighborhood level, not the property.
The property sits in a suburban Saratoga Springs location that ranks competitively among 295 Albany–Schenectady–Troy neighborhoods (overall neighborhood rating: A). Amenity access trends favorable for daily needs, with grocery and pharmacy density testing above metro medians and cafés in the top quartile nationally, based on WDSuite’s CRE market data.
At the neighborhood level (not the property), occupancy is high and compares well versus national norms, landing in the top quartile nationally and competitive within the metro (ranked 43 out of 295 neighborhoods). This backdrop supports leasing stability for professionally managed assets and can help moderate downtime between turns.
Vintage positioning is a relative positive: built in 2012 versus a neighborhood average year of 2006, the asset should compete well against older stock while investors still plan for routine system maintenance and selective modernization to sustain pricing power over a hold period.
Tenure patterns indicate an owner-leaning area, with roughly a third of housing units renter-occupied in the neighborhood. For multifamily operators, that typically means a somewhat thinner but stable renter base; leasing is driven by proximity, product quality, and professional management rather than sheer density of renters.
Within a 3-mile radius, demographics show recent population growth with a rising household count and higher-income profiles, and WDSuite’s outlook points to further increases in households over the next five years. This expansion supports a larger tenant base and reinforces occupancy stability, though investors should calibrate rents to maintain balanced affordability and retention as incomes and asking rents evolve.
Ownership costs in the neighborhood are moderate compared with high-cost coastal metros, which can create some competition from for-sale housing. Even so, rent-to-income levels track near manageable thresholds locally, which supports lease renewal potential when paired with quality operations.
Comparable safety metrics for this specific neighborhood were not available in WDSuite’s current release. Investors typically benchmark conditions against city and county trends and validate with on-the-ground diligence during lease-up and renewal reviews. Use regional context and property-level measures (lighting, access control, and management practices) to assess tenant experience and retention risk.
Regional employment nodes provide commute access that supports renter demand, notably healthcare distribution and technology offices referenced below.
- McKesson — healthcare distribution (15.6 miles)
- IBM — technology offices (32.0 miles)
This 84-unit, 2012-built asset offers a competitive vintage position in a suburban Saratoga Springs neighborhood that performs well versus metro peers. At the neighborhood level (not the property), occupancy trends are strong and support steady leasing, while a 3-mile radius shows population growth and a rising household base that expand the local renter pool. According to CRE market data from WDSuite, neighborhood amenity access is solid and cafés score in the top quartile nationally, which helps underpin location fundamentals.
Affordability dynamics are balanced: neighborhood rent-to-income levels are near manageable ranges, supporting retention, but ownership remains relatively accessible compared with high-cost markets, which can temper pricing power. The combination suggests stable operations with value realized through disciplined rent management, targeted upgrades, and sustained asset quality versus older nearby stock.
- 2012 construction competes well against older neighborhood stock; plan selective modernization to sustain competitiveness.
- High neighborhood occupancy supports leasing stability and minimizes downtime between turns.
- 3-mile household growth expands the tenant base and supports long-term demand.
- Amenity access and commute reach to regional employers reinforce location fundamentals.
- Risk: relatively owner-leaning area may limit depth of renters; pricing should balance affordability and retention.