| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 37th | Good |
| Demographics | 48th | Fair |
| Amenities | 13th | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1 Oakwood Dr, Hudson Falls, NY, 12839, US |
| Region / Metro | Hudson Falls |
| Year of Construction | 2002 |
| Units | 35 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
1 Oakwood Dr, Hudson Falls Multifamily Investment
Neighborhood occupancy trends point to steadier renter demand in this suburban pocket of the Glens Falls metro, according to WDSuite’s CRE market data, with newer 2002 construction positioning the asset competitively versus older local stock.
This suburban neighborhood in the Glens Falls, NY metro carries a B- neighborhood rating and shows balanced fundamentals for workforce-oriented rentals. Grocery access is a relative strength — the area is competitive among Glens Falls neighborhoods (ranked 5th out of 78 for grocery density), which supports daily convenience even as cafes, restaurants, parks, and pharmacies are limited nearby. For investors, that mix suggests car-oriented living with essential retail close at hand but fewer discretionary walk-to amenities.
Multifamily operations here have compared favorably at the neighborhood level: average NOI per unit ranks near the top of the metro (4th of 78), indicating assets in this area have historically supported workable expense loads and rent levels. Neighborhood occupancy is above the metro median (30th of 78), but still leaves room for leasing management focus to sustain stability over time; note this reflects neighborhood conditions, not the property’s specific occupancy.
Tenure dynamics are mixed: within the neighborhood, renter-occupied share is about one-quarter of housing, signaling a smaller immediate renter base. However, within a 3-mile radius the renter concentration is closer to the mid-40% range, creating a deeper pool for leasing and renewals. Median contract rents sit around the metro middle, while the rent-to-income profile (about 15% locally) points to manageable affordability, which can support retention when paired with disciplined rent setting.
Demographics within a 3-mile radius indicate recent population growth with further gains projected through 2028, alongside a notable increase in total households. That trajectory expands the potential tenant base and supports occupancy stability, especially for well-run assets that compete on quality and convenience. Home values are on the lower end for New York and the Glens Falls area, which can introduce some competition from entry-level ownership; investors should emphasize unit quality and resident experience to maintain pricing power.
Comparable safety data for this neighborhood was not available in WDSuite for the current period. Investors typically benchmark conditions against broader Glens Falls metro trends and property-level security practices rather than drawing block-level conclusions. Local engagement and professional management can help align resident experience with market expectations.
Nearby employment is anchored by healthcare distribution and paper manufacturing, supporting a diverse workforce and commute convenience for renters. The employers below reflect the closest identifiable anchors.
- McKesson — healthcare distribution (4.6 miles)
- International Paper Company — paper & packaging (41.0 miles)
Built in 2002, this 35-unit asset is notably newer than the area’s pre-war average, offering a competitive advantage over older local stock while leaving room for targeted modernization as systems age. At the neighborhood level, operations have compared well within the Glens Falls metro — average NOI per unit ranks near the top — and occupancy trends are above the metro median, according to CRE market data from WDSuite. Combined with a rent-to-income profile that suggests manageable affordability, the setup favors steady renewals when paired with disciplined leasing and resident service.
Demand drivers extend beyond the immediate neighborhood: within a 3-mile radius, recent population growth and a meaningful increase in households signal a larger tenant base, with additional gains projected through 2028. Essential retail access is strong via grocery options, though limited walkable amenities and below-average school ratings suggest targeting workforce and convenience-oriented renters. Lower local home values may create competition from entry-level ownership; sustaining value through unit quality and management execution will be key to retention and pricing power.
- 2002 construction offers competitive positioning versus older neighborhood stock, with selective upgrades for continued appeal
- Neighborhood-level performance shows strong NOI per unit and above-median occupancy within the Glens Falls metro
- 3-mile radius shows population and household growth, expanding the renter pool and supporting occupancy stability
- Grocery access provides daily convenience; limited nearby discretionary amenities favor car-oriented renters
- Risks: competition from entry-level ownership, below-average school ratings, and the need for ongoing system updates as the asset ages