| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 43rd | Best |
| Demographics | 33rd | Poor |
| Amenities | 45th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 101 Deer Run Dr, Hudson Falls, NY, 12839, US |
| Region / Metro | Hudson Falls |
| Year of Construction | 2005 |
| Units | 84 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
101 Deer Run Dr, Hudson Falls Multifamily Investment
Renter demand is supported by a high renter-occupied share in the surrounding neighborhood and expanding household counts within a 3-mile radius, according to WDSuite’s CRE market data. The submarket’s occupancy and rent-to-income dynamics point to pragmatic pricing power with manageable affordability pressure.
Situated in the Glens Falls, NY metro, the neighborhood surrounding 101 Deer Run Dr carries a B+ rating and ranks 25 out of 78 metro neighborhoods, signaling performance that is competitive among Glens Falls neighborhoods. Neighborhood occupancy is measured at 89.7% and sits 26 of 78, indicating demand that is also competitive in the metro context, per WDSuite.
Renter concentration is a notable strength: 46.1% of housing units are renter-occupied, ranking 4 of 78 locally and in the 85th percentile nationwide. For multifamily investors, this reflects a comparatively deep tenant base that can support leasing stability. The neighborhood’s rent-to-income ratio is measured at 0.17, a level that suggests lower affordability pressure relative to many markets and may aid retention and renewal strategies.
Within a 3-mile radius, WDSuite data shows population growth over the last five years alongside a larger increase in households and smaller average household sizes—factors that typically expand the renter pool and support occupancy stability. Looking ahead to 2028, forecasts point to continued population and household growth in the 3-mile area, which can add incremental depth to demand; investors should note that projections also show a higher owner share over time, implying that renter growth could moderate and require sharper product positioning.
Local conveniences are reasonably accessible for a smaller metro: pharmacy and park availability rank 5 and 6 of 78 respectively and land in the 70th–74th national percentiles, while grocery access ranks 9 of 78 and is above the national median. Restaurant density also trends above the national median. School ratings in the neighborhood are below metro and national norms, which can influence demand from families; operators may lean into workforce- and convenience-oriented positioning. The area’s NOI per unit ranks 5 of 78 (top quartile among 78 metro neighborhoods), suggesting operating performance that is competitive for the metro, based on multifamily property research from WDSuite.
Vintage matters: the asset was built in 2005, notably newer than the neighborhood’s average vintage of 1965. This typically improves competitive positioning versus older stock, though investors should still underwrite normal mid-life system updates and selective renovations to sustain appeal.
Comparable neighborhood crime metrics were not available in WDSuite for this location at the time of publication. Investors commonly benchmark local conditions against metro-wide trends and review municipal sources for recent patterns before finalizing underwriting. Given the lack of ranked data, it is prudent to combine on-the-ground diligence with regional comparisons rather than drawing block-level conclusions.
Nearby corporate offices provide a diversified employment base that supports renter demand and commute convenience for residents, including McKesson and International Paper Company.
- McKesson — corporate offices (4.1 miles)
- International Paper Company — corporate offices (40.6 miles)
This 84-unit, 2005-vintage property benefits from a renter-heavy neighborhood profile and demand indicators that are competitive within the Glens Falls metro. A measured rent-to-income ratio and a growing 3-mile household base underpin occupancy stability, while access to everyday amenities (pharmacy, parks, groceries) compares favorably to metro peers. According to commercial real estate analysis from WDSuite, the neighborhood’s NOI per unit ranks in the top quartile locally, reinforcing an operating backdrop supportive of steady performance.
The newer vintage relative to surrounding stock provides a competitive edge versus older assets, though mid-life systems and selective modernization should be part of capital planning. Key watch items include below-average school ratings and a homeownership landscape that is more accessible than many U.S. markets, which may require disciplined pricing and resident retention strategies as forecasts point to a rising owner share in the broader area.
- Renter-occupied share and 3-mile household growth support a durable tenant base and occupancy stability.
- 2005 vintage competes well against older neighborhood stock; plan for normal mid-life capital projects.
- Amenity access and top-quartile NOI-per-unit ranking in the metro reinforce operating fundamentals.
- Risks: weaker school ratings and relatively accessible ownership options may require sharper positioning and retention focus.