| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 39th | Fair |
| Demographics | 37th | Poor |
| Amenities | 38th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 183 Barnerville Rd, Cobleskill, NY, 12043, US |
| Region / Metro | Cobleskill |
| Year of Construction | 2001 |
| Units | 39 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
183 Barnerville Rd, Cobleskill NY Multifamily Investment
Neighborhood occupancy has held near the metro middle while renter concentration is strong, pointing to a stable tenant base according to WDSuite’s CRE market data. This asset’s newer vintage versus local stock suggests competitive positioning with manageable capital needs, supported by pragmatic commercial real estate analysis of the submarket.
Located in Cobleskill within the Albany–Schenectady–Troy metro, the neighborhood earns a B- rating and is competitive among metro neighborhoods (rank 154 out of 295). Neighborhood occupancy is around the metro median and has edged higher over five years, indicating generally steady leasing conditions rather than heated churn.
The property’s 2001 construction stands newer than much of the local housing stock, which skews early-20th century. For investors, the relative vintage can support leasing against older comparables and may limit near-term system replacements, while still leaving room for selective modernization to drive rent premiums.
Renter-occupied housing is elevated locally (top quartile nationally by share), signaling depth in the tenant base and supporting demand stability for multifamily. At the same time, the neighborhood’s rent-to-income ratio trends near the national middle, which can aid retention and reduce turn risk during renewals.
Amenities are mixed: cafes and pharmacies index well (both in upper national percentiles), but immediate access to parks and full-line grocery stores is limited. School ratings trend below national medians, which may tilt demand more toward workforce and young adult renters than family-centric profiles. Taken together, the area offers day-to-day convenience in select categories while requiring slightly longer trips for recreation and grocery.
Within a 3‑mile radius, recent years show modest population softening with smaller household sizes, but projections point to household growth and a larger renter pool over the next period. For multifamily owners, this combination often supports occupancy stability, with potential to capture demand as new households form and seek rentals before transitioning to ownership.
Comparable safety benchmarking is limited here because reportable crime metrics are not available in WDSuite’s dataset for this neighborhood. Investors typically evaluate neighborhood patterns alongside city and metro trends, on a multi-year basis, to understand directional risk rather than block-level claims.
183 Barnerville Rd offers a relatively newer 2001-vintage asset in a neighborhood where much of the housing stock is older, which can strengthen competitive positioning and reduce immediate capital exposure while preserving value‑add options through targeted upgrades. Based on CRE market data from WDSuite, neighborhood occupancy has remained near the metro median with incremental improvement, and renter concentration is high by national comparison—both supportive of a stable tenant base.
Within a 3‑mile radius, demographic trends indicate smaller household sizes and an outlook for household expansion, which typically broadens the renter pool and supports steady absorption. Ownership costs in the area are comparatively accessible, suggesting moderate pricing power and a focus on retention and service differentiation rather than aggressive rent-ups. Limited nearby parks and grocery options, along with below-median school ratings, shape the resident profile toward workforce and young adult renters, aligning with consistent multifamily demand in this part of the metro.
- 2001 vintage out-positions older neighborhood stock; targeted upgrades can unlock value without heavy near-term systems work.
- Renter-occupied share ranks high nationally, reinforcing depth of tenant demand and supporting occupancy stability.
- Household growth outlook within 3 miles points to a larger renter pool and steady leasing.
- Amenity mix supports daily needs (cafes/pharmacies), though limited parks and grocery access may temper family-driven demand.
- Risks: smaller market liquidity, below-median school ratings, and accessible ownership costs that can cap pricing power—mitigated by a focus on retention and operations.