| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 35th | Fair |
| Demographics | 58th | Good |
| Amenities | 24th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 6 Cambridge Woods Ln, Cambridge, NY, 12816, US |
| Region / Metro | Cambridge |
| Year of Construction | 2004 |
| Units | 24 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
6 Cambridge Woods Ln, Cambridge NY Multifamily Investment
Stabilized rural setting with steady renter demand and above-median neighborhood occupancy, according to WDSuite’s CRE market data, positions this 24-unit asset for durable cash flow with disciplined operations.
Located in the Glens Falls, NY metro, the neighborhood ranks in the top quartile among 78 metro neighborhoods (A- rating), signaling stronger livability dynamics than many peer areas. Neighborhood occupancy trends sit above the metro median, which supports retention and reduces lease-up risk for multifamily operators.
The property’s 2004 vintage is notably newer than the neighborhood’s older housing stock (average vintage 1934). For investors, that typically means fewer near-term capital items versus legacy assets, while still planning for mid-life system updates or targeted value-add to enhance competitiveness.
Within a 3-mile radius, WDSuite data show population growth over the past five years with households also increasing, expanding the local tenant base. Forward-looking estimates point to additional household growth by 2028, which should support occupancy stability and measured rent pricing. The renter-occupied share in the neighborhood is modest (around one-fifth of units), implying a thinner but consistent renter pool where well-managed properties can maintain leasing velocity with effective marketing and renewals.
Local amenities are limited in this rural setting, though cafe density scores around the upper-third nationally, and schools trend above the national median. For investors, day-to-day convenience is adequate for workforce housing, while the high-cost ownership pressures common in larger metros are less pronounced here; that can modestly temper rent growth but helps sustain retention—an important nuance for commercial real estate analysis.
Specific neighborhood crime metrics are not available in WDSuite for this location. Investors typically contextualize safety using county and metro benchmarks and on-the-ground diligence, focusing on trend direction and property-level measures (lighting, access control, and resident engagement) to support leasing and retention.
Regional employers within commuting range provide a steady employment base that supports renter demand and renewals, particularly for workforce housing tied to distribution and technology services. The list below highlights notable nearby employers referenced here.
- McKesson — healthcare distribution (26.0 miles)
- IBM — technology & services (32.1 miles)
This 24-unit property built in 2004 offers a favorable blend of durability and operational simplicity in a rural submarket that performs above the metro median on occupancy. Newer vintage relative to the local 1930s-era housing stock suggests fewer immediate capital needs, with scope for targeted upgrades to improve positioning versus older comps. Within a 3-mile radius, population and household growth expand the renter pool, supporting occupancy stability and measured rent growth.
Ownership costs in the area are comparatively accessible, while neighborhood rent-to-income ratios sit near the low-teens, reinforcing retention potential. Based on CRE market data from WDSuite, the neighborhood ranks in the top quartile within the Glens Falls metro, and the modest renter concentration indicates a smaller but steady tenant base—favoring disciplined operations, consistent renewals, and conservative underwriting.
- Newer 2004 vintage versus older local stock reduces near-term capex while allowing targeted value-add
- Above-median neighborhood occupancy supports leasing stability and renewal performance
- 3-mile population and household growth expand the tenant base and support steady absorption
- Rent-to-income in the low-teens enhances retention and lowers turnover risk
- Risks: rural amenity depth and a smaller renter-occupied share can temper velocity; emphasize marketing, renewals, and unit-level upgrades