| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 35th | Fair |
| Demographics | 58th | Good |
| Amenities | 24th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 2 Cambridge Woods Ln, Cambridge, NY, 12816, US |
| Region / Metro | Cambridge |
| Year of Construction | 2004 |
| Units | 24 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
2 Cambridge Woods Ln Cambridge NY 24-Unit Multifamily Investment
Occupancy in the surrounding neighborhood has remained resilient with steady renter demand and moderate rents, according to WDSuite’s CRE market data. This 2004-vintage asset offers relatively newer stock for the area, supporting leasing stability without relying on aggressive assumptions from commercial real estate analysis.
The property sits in a rural pocket of the Glens Falls, NY metro where the neighborhood is rated A- and ranks 18 of 78 — a top-quartile position among metro neighborhoods, per WDSuite. Local fundamentals point to balanced renter demand with neighborhood occupancy trending in the high-80s and improving modestly over the past five years, supporting income stability for well-maintained assets.
Livability is anchored by small-town amenities: limited parks and pharmacies but everyday services, groceries, and a few cafes and restaurants nearby by rural standards. School quality trends above the national median, which can aid household retention and broaden the tenant profile for larger floor plans.
Vintage matters here. With the average neighborhood construction year skewing older, a 2004 build positions this asset as comparatively newer product against much of the local stock. That typically reduces near-term capital exposure while preserving room for targeted upgrades to drive rent trade-outs and retention.
Tenure patterns indicate a smaller renter base — roughly one-fifth of housing units are renter-occupied in the immediate neighborhood — which suggests measured but durable multifamily demand. Within a 3-mile radius, WDSuite data shows recent population growth alongside an increase in households, expanding the potential tenant base. Forward-looking projections in this radius point to additional household growth over the next five years, which should support occupancy stability and leasing velocity for practical, well-priced product.
Ownership costs in this area are relatively accessible compared with high-cost metros, and neighborhood rent-to-income levels indicate manageable affordability pressure. For investors, that mix can support steady renewals, though it also means rental product may occasionally compete with entry-level ownership — a consideration for pricing and upgrade strategy.
Comparable neighborhood-level safety metrics are not available in WDSuite for this location. Investors typically benchmark conditions against county and metro trends and supplement with local law enforcement reports and insurance quotes to understand risk exposure and any recent shifts. Use a comparative, multi-source review rather than block-level assumptions when underwriting.
Regional employers within commuting reach help underpin renter demand for workforce households. Nearby corporate offices include McKesson and IBM, supporting healthcare distribution and technology employment that can contribute to leasing stability.
- McKesson — healthcare distribution offices (26.0 miles)
- IBM — technology offices (32.1 miles)
Built in 2004 with 24 units averaging generous layouts, the property offers competitive positioning versus older neighborhood stock. Neighborhood occupancy trends in the high-80s and a top-quartile metro neighborhood rank indicate steady demand, while a smaller renter-occupied share favors stable, longer-tenured residents. According to CRE market data from WDSuite, recent growth in population and households within a 3-mile radius enlarges the renter pool, supporting lease-up and renewal prospects for practical, well-managed units.
The newer vintage implies lower immediate capital needs relative to older assets, though investors should still plan for systems modernization and selective value-add to optimize rents. Ownership remains relatively accessible in this market, so underwriting should balance pricing power with the potential for competition from entry-level ownership options.
- 2004 vintage competes well versus older neighborhood stock, supporting leasing and retention
- Top-quartile neighborhood rank in the Glens Falls metro signals strong local fundamentals
- Expanding 3-mile household base supports occupancy stability and rent growth potential
- Larger average unit sizes can attract households seeking space and longer stays
- Risks: smaller renter pool in a rural setting and competition from entry-level ownership require disciplined pricing and targeted upgrades