| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 41st | Fair |
| Demographics | 31st | Poor |
| Amenities | 28th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 191 Main St, Philmont, NY, 12565, US |
| Region / Metro | Philmont |
| Year of Construction | 1995 |
| Units | 34 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
191 Main St, Philmont NY Multifamily Opportunity
Neighborhood renter concentration is strong for the Hudson metro and overall occupancy trends sit above the metro median, according to WDSuite’s CRE market data, supporting steady tenancy in a small-town setting.
Located in Philmont’s rural fabric of the Hudson, NY metro, the area favors practical housing needs over destination retail. Retail density is limited, but grocery access and park space compare well within the metro, which can aid day-to-day livability even as cafes and pharmacies are sparse.
Neighborhood housing dynamics point to a workable renter base: renter-occupied share ranks in the top quartile among 45 Hudson neighborhoods and sits above national midpoints, a positive signal for multifamily demand depth. Occupancy for the neighborhood tracks above the metro median, supporting leasing stability rather than volatility. Median home values land around the metro middle, which typically sustains reliance on rentals without creating outsized affordability pressure that could heighten turnover risk.
Within a 3-mile radius, demographics show recent population growth alongside larger average household sizes, indicating an expanding tenant base even as household counts have fluctuated. Projections point to continued population gains over the next several years, which would support occupancy durability and absorption for well-positioned assets.
The average neighborhood building vintage skews older, while this property’s 1995 construction is comparatively newer. That positioning can improve competitive standing against pre-war stock, though investors should still plan for system updates and common-area refreshes typical of late-1990s assets to capture value-add upside and support rent positioning.
Comparable crime benchmarks for this neighborhood were not available in WDSuite’s dataset. Investors commonly contextualize safety by reviewing broader Columbia County and Hudson metro trends, touring at different times of day, and corroborating with local stakeholders to understand on-the-ground conditions over time.
Regional employers within commuting range help anchor renter demand, with technology employment providing diversified income sources for residents.
- IBM — technology (28.0 miles)
Built in 1995 with 34 units, the asset offers a relatively newer vintage versus much of the local stock, creating a practical platform for light-to-moderate renovations to enhance competitiveness. Based on CRE market data from WDSuite, the neighborhood records occupancy above the metro median and a renter-occupied share that is strong among Hudson neighborhoods, supporting a stable demand base for multifamily.
Within a 3-mile radius, recent population growth and increasing household size suggest a larger tenant base over time, while mid-market ownership costs tend to sustain rental reliance and support retention. The rural setting means fewer lifestyle amenities, but essential services and park access are present, and regional employers within commuting distance provide income diversity.
- Occupancy trends above metro median support leasing stability
- Renter-occupied share ranks strong within Hudson, indicating depth of tenant demand
- 1995 vintage offers value-add potential via targeted system and interior updates
- 3-mile demographics show population growth and larger households, expanding the renter pool
- Risks: rural amenity mix, limited nearby employers, and data gaps on safety warrant underwriting conservatism