| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 36th | Good |
| Demographics | 53rd | Fair |
| Amenities | 40th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1 St Pauls Dr, Hudson Falls, NY, 12839, US |
| Region / Metro | Hudson Falls |
| Year of Construction | 1983 |
| Units | 79 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
1 St Pauls Dr Hudson Falls Multifamily Investment
Stabilized renter demand and a neighborhood occupancy rate in the high 80s support steady leasing performance, according to WDSuite s CRE market data. Newer 1980s vintage relative to local stock positions the asset competitively while leaving room for targeted upgrades.
The property sits in an Inner Suburb pocket of Hudson Falls that ranks 17 out of 78 Glens Falls neighborhoods competitive among metro submarkets on overall livability. Nearby daily needs are adequately served, with grocery access comparatively strong, while cafes and parks are thinner than urban cores a tradeoff that typically aligns with workforce-oriented renter demand.
Rents at the neighborhood level trend toward the lower half of the metro, and occupancy has held in the high 80s in recent years, which can help underpin leasing stability through cycles based on CRE market data from WDSuite. The share of housing units that are renter-occupied is around 38.6%, indicating a meaningful tenant base without over-reliance on rentals.
Within a 3-mile radius, population and households have grown over the past five years, expanding the renter pool and supporting absorption. Forward-looking projections also point to continued household growth, which typically supports occupancy stability and leasing retention for well-maintained assets.
The asset s 1983 vintage is notably newer than the neighborhood s older housing stock (average construction year is early 1920s). This relative youth can reduce near-term competitive obsolescence versus prewar product, while investors should still anticipate periodic system modernization and light value-add to enhance positioning.
Home values in the area are lower than national averages, which can introduce some competition from ownership. However, rent-to-income levels near the neighborhood median suggest manageable affordability pressure, supporting tenant retention when paired with pragmatic lease management.
Comparable neighborhood safety metrics are not available in this dataset for Hudson Falls. Investors typically benchmark observed conditions against metro and county trends, review multi-year patterns, and align on property-level measures (lighting, access control, and visibility) as part of diligence.
Proximity to healthcare and distribution employers helps support local renter demand and commuting convenience. Notable nearby employers include McKesson and International Paper Company.
- McKesson healthcare distribution (4.8 miles)
- International Paper Company paper & packaging (41.7 miles)
This 79-unit asset delivers down-the-fairway workforce housing fundamentals in an Inner Suburb location that is competitive among Glens Falls neighborhoods. Neighborhood occupancy trending in the high 80s and a renter-occupied share near two-fifths indicate a durable tenant base, while relatively modest home values call for disciplined pricing but can still support steady absorption. The 1983 vintage is newer than much of the surrounding housing stock, positioning the property well against older comparables with room for targeted renovations.
Within a 3-mile radius, recent population and household increases point to a larger tenant base, with projections indicating further household growth that can sustain leasing. According to CRE market data from WDSuite, neighborhood rents sit in the lower half of the metro, which can aid occupancy stability while allowing value-add strategies to focus on operational execution and selective unit upgrades rather than heavy repositioning.
- Competitive Inner Suburb location with steady neighborhood occupancy supporting leasing stability
- 1983 vintage is newer than nearby housing stock, offering relative competitiveness plus light value-add upside
- Expanding 3-mile renter pool with population and household growth supporting demand
- Rent levels in the lower half of the metro can aid retention while supporting measured upgrades
- Risks: limited amenity density and relatively accessible ownership options may temper rent growth; plan for ongoing 1980s systems maintenance