| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 51st | Best |
| Demographics | 64th | Good |
| Amenities | 17th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1256 W Mountain Rd, Queensbury, NY, 12804, US |
| Region / Metro | Queensbury |
| Year of Construction | 2010 |
| Units | 60 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
1256 W Mountain Rd Queensbury Multifamily Investment
Neighborhood occupancy is strong and the 2010 vintage positions the asset competitively versus older local stock, according to WDSuite’s CRE market data. This supports steady renter demand while leaving room for targeted upgrades as systems age.
Queensbury’s suburban setting around 1256 W Mountain Rd offers a quiet living environment with limited immediate retail density (few cafes, grocers, and parks nearby), so residents typically rely on driving for daily needs. Restaurant options are present but not concentrated, aligning with a car-oriented lifestyle rather than a walkable core.
At the neighborhood level, occupancy is in the top quartile nationally and is competitive among the 78 Glens Falls neighborhoods, indicating stable tenant retention potential for multifamily owners. Note that this occupancy refers to the neighborhood, not the property.
Demographic statistics aggregated within a 3-mile radius show population growth in recent years and a notable increase in households, with forecasts indicating further household expansion alongside smaller average household sizes. For investors, that points to a gradually expanding renter pool and support for occupancy stability over time.
Within this 3-mile radius, renter-occupied housing accounts for roughly a quarter of units, signaling an owner-tilted area but with a meaningful tenant base for workforce-oriented properties. Elevated household incomes and a low rent-to-income profile at the neighborhood level point to manageable affordability pressure, which can aid lease retention. However, comparatively accessible ownership (lower value-to-income than many U.S. areas) can create competition with for-sale options—an important leasing and pricing consideration surfaced by WDSuite’s commercial real estate analysis.
The property’s 2010 construction is newer than the area’s average building vintage, giving it an edge on curb appeal and unit features versus older stock. Investors should still plan for routine modernization cycles to sustain competitive positioning.
Based on WDSuite’s data, the neighborhood’s safety profile trends modestly better than national medians overall, with violent incidents comparing favorably to many U.S. neighborhoods and property offenses closer to the national middle. Recent year-over-year readings indicate improvement in violent offense levels. These metrics are measured for the neighborhood level, not the property or a specific block.
For underwriting, this suggests conditions that are generally supportive of tenant retention relative to national norms, while continued monitoring of local trends remains prudent.
Proximity to regional employers supports a commuter tenant base, with healthcare distribution and manufacturing offices within driving range that can help underpin leasing stability.
- McKesson — healthcare distribution (2.4 miles)
- International Paper Company — paper & packaging manufacturing (40.2 miles)
This 60-unit, 2010-built asset benefits from neighborhood-level occupancy that ranks in the top quartile nationally, supporting income stability versus broader U.S. trends. Demographic data within a 3-mile radius points to population growth and a faster rise in households, implying a larger tenant base and supportive leasing fundamentals. According to CRE market data from WDSuite, elevated local incomes and a low rent-to-income profile reduce near-term affordability pressure, aiding retention, while the newer vintage should remain competitive relative to older area stock with thoughtful capital planning.
Key considerations include an owner-leaning housing mix that can limit depth at higher price points and car-oriented amenities that place a premium on on-site features and parking. Accessible ownership costs in the area may also compete with rentals, making unit quality, management, and pricing discipline central to maintaining occupancy and steady NOI.
- Neighborhood occupancy in the top quartile nationally supports income stability
- 2010 construction offers a competitive edge versus older local stock with targeted upgrades
- 3-mile household growth and smaller household sizes expand the renter pool over time
- Higher incomes and low rent-to-income profile support retention and lease management
- Risks: owner-tilted market and car-oriented amenities require careful pricing and amenity strategy