| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 69th | Best |
| Demographics | 58th | Good |
| Amenities | 20th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 7 Hiland Springs Way, Queensbury, NY, 12804, US |
| Region / Metro | Queensbury |
| Year of Construction | 2000 |
| Units | 120 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
7 Hiland Springs Way Queensbury Multifamily Investment
Stabilized renter demand and high neighborhood occupancy suggest durable cash flow potential, according to WDSuite’s CRE market data. The asset s suburban setting supports steady leasing while offering room for value-add positioning over time.
Queensbury s Hiland Springs area combines suburban livability with investor-friendly fundamentals. Neighborhood occupancy is strong (top quartile nationally), indicating stable leasing conditions and lower downtime risk in comparable assets, based on CRE market data from WDSuite. Median contract rents in the area remain measured relative to income, supporting tenant retention and disciplined rent management.
The property s 2000 construction is newer than the neighborhood average vintage (1975), giving it a competitive position versus older stock while still allowing for targeted modernization to enhance unit finishes and operating efficiency. A renter-occupied share around 45% in the neighborhood signals a meaningful tenant base for multifamily, with depth that supports occupancy stability over cycles.
Local amenity density is modest especially for daily-needs retail like groceries, parks, and pharmacies but restaurant and cafe presence is competitive among Glens Falls neighborhoods (ranks within the stronger third of the metro s 78 neighborhoods). For investors, the amenity profile suggests emphasizing on-site features and convenient access to regional corridors to sustain leasing momentum.
Demographics within a 3-mile radius show a growing population and a rising household count, pointing to a larger tenant base ahead and supporting demand for rental units. Home values sit in a higher-cost ownership context for the region (above the national median), which can reinforce renter reliance on multifamily housing and aid lease retention without overreliance on outsized concessions.
Safety outcomes are mixed relative to the region. The neighborhood s crime rank sits on the higher side compared with many of the 78 Glens Falls neighborhoods, signaling that investors should plan for visible security measures and lighting as part of standard operations. Nationally, recent metrics indicate comparatively better performance on violent incidents (above the national midpoint) but softer performance on property crime (below the national midpoint), a split that is not uncommon in suburban nodes.
Trend-wise, violent incidents have improved year over year, while property-related offenses have moved upward. Framed for underwriting, this supports routine loss-prevention practices, unit-level security hardware, and resident engagement to mitigate petty-theft exposure without materially altering long-term demand assumptions.
Proximity to established employers supports workforce housing demand and commute convenience for residents. Notable nearby employers include McKesson and International Paper Company.
- McKesson healthcare distribution (1.95 miles)
- International Paper Company paper & packaging (39.38 miles)
This 120-unit asset, built in 2000, is competitively positioned against older neighborhood stock and benefits from top-quartile neighborhood occupancy, supporting steady leasing and limited downtime. Within a 3-mile radius, population and household growth point to renter pool expansion, while a higher-cost ownership landscape in the area reinforces sustained demand for professionally managed multifamily, according to WDSuite s commercial real estate analysis.
Operating strategy can focus on targeted renovations and amenity programming to differentiate from older comparables, while standard security and property-operations protocols address the area s mixed crime profile. Rent-to-income dynamics appear manageable for retention, suggesting room for disciplined rent progression aligned with unit improvements rather than aggressive mark-to-market assumptions.
- Newer 2000 vintage versus neighborhood average supports competitive positioning and selective value-add
- Top-quartile neighborhood occupancy underpins leasing stability and reduces downtime risk
- 3-mile population and household growth expand the tenant base, aiding long-term demand
- Higher-cost ownership market supports renter reliance and potential lease retention
- Risk: property-crime metrics warrant routine loss-prevention and lighting/security upgrades