| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 43rd | Best |
| Demographics | 33rd | Poor |
| Amenities | 45th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 7 Deer Run Dr, Hudson Falls, NY, 12839, US |
| Region / Metro | Hudson Falls |
| Year of Construction | 2004 |
| Units | 58 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
7 Deer Run Dr Hudson Falls, NY Multifamily Investment
Neighborhood occupancy is around 90%, pointing to stable renter demand in this Inner Suburb location, according to WDSuite’s commercial real estate analysis. With 58 units built in 2004, the asset competes well against older local stock while benefiting from steady tenant depth.
Hudson Falls’ Inner Suburb setting offers day‑to‑day convenience that is competitive among Glens Falls neighborhoods. Pharmacy and park access rank well within the metro (both above the median among 78 neighborhoods), and restaurant density is also competitive. Café and childcare densities are limited in this immediate area, so some residents may rely on nearby submarkets for those needs, based on CRE market data from WDSuite.
The property’s 2004 vintage is newer than the neighborhood’s typical 1960s housing stock, which can support leasing appeal versus older assets and may reduce near‑term capital needs; investors should still plan for system updates as the building ages. Neighborhood-level operating fundamentals are steady: occupancy sits near the high‑80s to ~90% range, and average NOI per unit for nearby assets is mid‑$6,000s annually, signaling workable cash‑flow profiles in the area (figures reflect neighborhood metrics, not this property).
Renter-occupied share in the neighborhood is about 46%, indicating a meaningful tenant base and demand for multifamily units. Within a 3‑mile radius, the population has grown in recent years with households up roughly a quarter, expanding the renter pool; forecasts through 2028 point to additional population and household growth, which can support occupancy stability and absorption.
Ownership costs are relatively accessible locally (median home values are in the mid‑$100,000s), which can create some competition with entry‑level ownership. That said, neighborhood rent-to-income ratios around the mid‑teens suggest modest affordability pressure for renters, supporting retention and measured pricing power. School quality averages are low in this neighborhood, which some tenants may weigh when selecting units; positioning to adult households or emphasizing convenience and recent vintage can help mitigate this risk.
Neighborhood crime benchmarks are not available in this dataset for Hudson Falls. Investors should compare multi-year trends from official city and county sources to understand how the area tracks versus the Glens Falls metro and national norms, and underwrite to property-level measures (lighting, access control) accordingly.
The area draws from a diversified employment base that supports renter demand, with proximity to healthcare distribution and paper manufacturing offices noted below.
- McKesson — healthcare distribution (4.1 miles)
- International Paper Company — paper & packaging offices (40.8 miles)
Built in 2004 with 58 units, this asset is competitively positioned versus the neighborhood’s older housing stock, helping drive leasing appeal and potentially moderating near‑term capital expenditure needs. Neighborhood fundamentals are stable: occupancy trends hover near 90% and neighborhood‑average NOI per unit sits in the mid‑$6,000s, according to CRE market data from WDSuite, indicating workable cash flow expectations at the submarket level.
Investor considerations include a meaningful renter-occupied share that supports tenant depth, expanding 3‑mile household counts that point to continued absorption, and relatively modest rent-to-income levels that can aid retention. Counterweights include lower average school ratings, limited café/childcare density in the immediate area, and relatively accessible ownership costs that may cap pricing power; prudent underwriting and targeted value‑add to differentiate finishes and amenities can help mitigate these factors.
- 2004 vintage outcompetes older neighborhood stock, supporting leasing appeal and potentially lower near‑term capex.
- Neighborhood metrics show steady occupancy near 90% and workable per‑unit NOI, reinforcing income stability potential.
- 3‑mile population and household growth expand the renter pool, aiding absorption and retention.
- Rent-to-income around the mid‑teens indicates manageable affordability pressure for sustained tenancy.
- Risks: lower average school ratings, limited nearby cafés/childcare, and accessible ownership options may temper pricing power.