| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 35th | Poor |
| Demographics | 65th | Good |
| Amenities | 17th | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1063 Hudson Ave, Stillwater, NY, 12170, US |
| Region / Metro | Stillwater |
| Year of Construction | 1977 |
| Units | 24 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
1063 Hudson Ave Stillwater NY Multifamily Opportunity
Neighborhood fundamentals point to stable renter demand and manageable affordability pressures, according to WDSuite s CRE market data. Investor focus centers on occupancy near the metro median and a growing local renter pool.
Stillwater s rural setting offers a quieter living environment with basic conveniences nearby, though the amenity base ranks around the metro median (161 out of 295 neighborhoods) and trails national norms. Parks access sits above the national median, while restaurants, cafes, and pharmacies are relatively sparse, suggesting residents rely on nearby centers for dining and services.
Schools are a relative strength: the neighborhood s average school rating places it among the top quartile nationally and competitive within the Albany Schenectady Troy metro (48 out of 295). For multifamily, this can support family-oriented tenancy and longer lease terms.
Occupancy for the neighborhood is near the metro median (158 out of 295), and tenure skews owner-heavy with an estimated 22% of housing units renter-occupied. For investors, that indicates a shallower but potentially stable renter base where lease retention can be managed through service quality and targeted amenities rather than heavy concessions.
Within a 3-mile radius, population and household counts have increased while average household size edged lower, signaling more households seeking housing and a gradual renter pool expansion. Forward-looking data also point to additional population and household growth, which supports occupancy stability and measured rent performance over time, based on CRE market data from WDSuite.
The neighborhood s housing stock skews older on average (early 20th century), so a 1977 vintage can compete against legacy properties, though investors should plan for selective system upgrades or interior modernization to match renter expectations.
Comparable safety insights at the neighborhood level are limited in the current dataset. Investors typically benchmark site-level risk against broader metro patterns and property operations. Without specific ranks or percentiles for this location, prudent underwriting would incorporate management controls, lighting and access measures, and standard third-party due diligence.
Regional employers within commuting distance help support workforce housing demand and lease retention, notably in technology and healthcare distribution. The list below highlights nearby anchors relevant to tenant employment patterns.
- IBM technology & services (21.5 miles)
- McKesson healthcare distribution (26.5 miles)
This 24-unit asset, built in 1977, competes favorably against an older local housing base, offering scope for targeted value-add through system updates and interior refreshes. Within a 3-mile radius, population and households have grown, and projections indicate further expansion a setup that can sustain a larger tenant base and support occupancy stability. Rent-to-income levels remain relatively manageable for the area, aiding lease retention and disciplined pricing.
Neighborhood occupancy trends sit around the metro median, and the renter-occupied share is lower than urban cores, implying a thinner but steady demand profile. According to CRE market data from WDSuite, household growth and rising forecast renter share point to incremental depth over the medium term, while moderate ownership costs suggest monitoring competition from entry-level for-sale options.
- 1977 vintage offers value-add potential versus older local stock
- Growing 3-mile population and households support a larger tenant base
- Rent-to-income dynamics indicate manageable affordability pressure aiding retention
- Neighborhood occupancy near metro median supports stable operations
- Risk: owner-heavy tenure and limited nearby amenities may temper near-term lease-up velocity