| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 71st | Best |
| Demographics | 69th | Good |
| Amenities | 41st | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 675 Maple Ave, Saratoga Springs, NY, 12866, US |
| Region / Metro | Saratoga Springs |
| Year of Construction | 2009 |
| Units | 40 |
| Transaction Date | 2010-12-28 |
| Transaction Price | $4,700,000 |
| Buyer | SARATOGA HERITAGE III LLC |
| Seller | TRA TOM DEVELOPMENT INC |
675 Maple Ave Saratoga Springs Multifamily Investment
Neighborhood occupancy around 94% suggests steady renter demand and lease retention potential, according to WDSuite’s CRE market data. With a renter-occupied share above half of local housing units, income durability is supported by a broad tenant base.
Located in an Inner Suburb pocket of Saratoga Springs, the neighborhood carries an A rating and ranks 23 out of 295 within the Albany–Schenectady–Troy metro—top quartile among metro neighborhoods—indicating solid fundamentals for multifamily investors. According to WDSuite’s CRE market data, neighborhood occupancy is near the mid‑90s, supporting stabilized operations for well-managed assets.
Renter-occupied housing represents roughly 53% of neighborhood units, signaling depth in the tenant pool and reinforcing demand stability for a 40‑unit asset. Median contract rent in the neighborhood trends in the upper range versus many U.S. neighborhoods (national percentile roughly mid‑70s), while a rent‑to‑income ratio near 0.21 indicates comparatively lower affordability pressure—favorable for retention and renewals.
Amenity access is mixed: café density ranks strongly in the metro (top-quartile rank) and sits above national norms, while grocery and pharmacy access are mid-range nationally. Parks and childcare options are relatively sparse based on neighborhood counts; investors should anticipate that residents may prioritize private recreation or nearby city amenities rather than walkable green space.
Within a 3‑mile radius, the population has expanded in recent years and is projected to grow further, with households rising meaningfully—pointing to a larger tenant base and additional leasing velocity over time. Income profiles in the 3‑mile area skew higher than many markets, and projected gains support rent growth headroom without overextending affordability. Home values sit in a mid‑range context for the region, which, together with elevated ownership costs in parts of the metro, tends to sustain reliance on rental housing rather than shift demand away from multifamily.
The property’s 2009 vintage is newer than the neighborhood’s average construction year (mid‑1990s). That positioning can improve competitive standing against older stock, though investors should still underwrite ongoing system updates and common‑area refreshes typical for assets approaching mid‑life.
Comparable, property‑level crime statistics are not available in the provided WDSuite data for this neighborhood. Investors typically assess safety by benchmarking neighborhood trends against metro and national context, validating with multiple sources and on‑the‑ground observations during due diligence.
Given the absence of specific rankings or percentiles here, a prudent approach is to review recent trend data at the city and metro levels, confirm any changes with local stakeholders, and incorporate findings into leasing assumptions and operating strategies.
Regional employers support a diverse workforce within commuting range, which can help underpin renter demand and retention. Notable nearby corporate offices include McKesson and IBM.
- McKesson — healthcare distribution (15.3 miles)
- IBM — technology & services (32.6 miles)
675 Maple Ave offers a 2009‑vintage asset in a top‑quartile neighborhood within the Albany–Schenectady–Troy metro, where renter concentration and neighborhood occupancy near the mid‑90s point to stable cash flows for well‑run properties. According to CRE market data from WDSuite, rents are comparatively elevated versus many U.S. neighborhoods while rent‑to‑income levels suggest manageable affordability pressure—supportive of renewal capture and pricing power.
Demographic trends aggregated within a 3‑mile radius indicate population growth and a meaningful increase in households, expanding the tenant base and supporting leasing velocity. The asset’s newer vintage relative to the area’s mid‑1990s average enhances competitive positioning versus older stock, though investors should budget for mid‑life systems and select common‑area updates to maintain standing and support rent premiums.
- Stabilized operations: neighborhood occupancy around mid‑90s and sizable renter‑occupied share support demand durability.
- Competitive positioning: 2009 vintage can outperform older stock with targeted updates and amenity refreshes.
- Demand tailwinds: 3‑mile population and household growth point to a larger tenant base and steadier leasing.
- Pricing power potential: rents trend in the upper range while rent‑to‑income indicates lower pressure on renewals.
- Risks: limited nearby parks/childcare and lack of detailed crime benchmarks warrant conservative underwriting and on‑the‑ground diligence.