| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 59th | Best |
| Demographics | 87th | Best |
| Amenities | 56th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 74 W Circular St, Saratoga Springs, NY, 12866, US |
| Region / Metro | Saratoga Springs |
| Year of Construction | 1978 |
| Units | 21 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
74 W Circular St Saratoga Springs 21-Unit Multifamily
Inner-suburb location with strong renter concentration and steady amenity access supports durable leasing fundamentals, according to WDSuite’s CRE market data.
Saratoga Springs inner-suburb setting provides daily convenience and depth of demand for smaller multifamily. Neighborhood-level ranking places this area competitive among Albany-Schenectady-Troy neighborhoods (7 out of 295), a signal of balanced livability and investment appeal backed by A+ neighborhood rating trends in WDSuite.
Amenity coverage is a clear strength: grocery access sits in the top quartile nationally, with parks, pharmacies, and restaurants also testing well versus nationwide peers. Average school ratings trend above much of the country (ranked 8 of 295 metro neighborhoods; high-80s national percentile), which can aid retention for residents prioritizing education access.
Renter demand indicators are constructive. The neighborhood s share of renter-occupied housing units is elevated (above the national median), expanding the local tenant pool and supporting leasing velocity for mid-size properties. While neighborhood occupancy trends are closer to the national middle, median contract rents benchmark above national levels, suggesting pricing is supported by incomes and amenity proximity rather than concession-driven lease-up.
Within a 3-mile radius, demographics point to a stable and gradually expanding renter base: households have grown recently and are projected to increase further, with smaller average household sizes developing over time. Rising incomes and elevated home values in the area indicate a relatively high-cost ownership market; for multifamily investors, this typically sustains rental reliance and can support pricing power and lease retention.
Neighborhood-level crime metrics were not available in WDSuite for this location, so direct safety comparisons to metro peers or national benchmarks cannot be made here. Investors typically supplement with local police reports and municipal data to understand block-by-block patterns and trends over time.
In practice, many investors contextualize safety by reviewing multi-year trend direction, proximity to well-trafficked amenities, and property-level measures (lighting, access control) to support resident satisfaction and retention.
Regional employers provide a diversified white-collar and healthcare-adjacent employment base that supports commuter demand and resident retention, including McKesson and IBM within driving reach.
- McKesson healthcare distribution (18.7 miles)
- IBM technology & services (29.5 miles)
This 21-unit, 1978-vintage asset is newer than much of the surrounding housing stock, positioning it competitively versus older product while still offering potential for targeted system updates or cosmetic upgrades. The neighborhood scores competitively within the Albany-Schenectady-Troy metro, with strong grocery and service access and school ratings that help support lease retention. Elevated renter concentration and above-national rent benchmarks point to a viable tenant base and pricing resilience.
Within a 3-mile radius, households and incomes are trending higher, and ownership costs remain elevated relative to incomes factors that generally reinforce multifamily demand rather than displace it to for-sale options. Occupancy trends sit nearer the national middle, suggesting active leasing and asset management will be important; however, local amenity depth and commuter access provide durable fundamentals, based on commercial real estate analysis informed by WDSuite s CRE market data.
- 1978 vintage is newer than area average, supporting competitive positioning with selective modernization upside
- Elevated renter-occupied share expands tenant base and supports leasing velocity
- Amenity-rich setting (grocery, parks, services, schools) aids retention and reduces turnover risk
- Homeownership costs reinforce rental reliance, supporting pricing power for well-managed units
- Risk: Occupancy closer to the national middle requires active leasing, renewal management, and expense control