| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 60th | Good |
| Demographics | 57th | Fair |
| Amenities | 8th | Poor |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 125 Stringham Rd, Lagrangeville, NY, 12540, US |
| Region / Metro | Lagrangeville |
| Year of Construction | 1983 |
| Units | 36 |
| Transaction Date | 2025-08-13 |
| Transaction Price | $220,000 |
| Buyer | KANE JACQUELYN |
| Seller | SCROBOLA CHRISTINE |
125 Stringham Rd Lagrangeville Multifamily Investment Outlook
Neighborhood occupancy is notably stable and owner-tilted, suggesting steady renter demand dynamics in a suburban setting, according to WDSuite’s CRE market data. This supports an investment case centered on retention and measured rent growth rather than rapid turnover.
Lagrangeville is a suburban neighborhood with a C+ rating that trends above metro median on several income and housing indicators while offering limited immediate retail and leisure options. Neighborhood amenity density is sparse (few cafes, restaurants, or parks within close proximity), with groceries available at a moderate level relative to metro peers. For investors, this points to car-oriented living and a quieter setting that can appeal to long-term tenants seeking stability over nightlife or walkable retail.
Rents and vacancies at the neighborhood level signal resilience. Occupancy in the neighborhood ranks first among 221 metro neighborhoods and sits in the top national percentile, indicating strong leased housing conditions; this is a neighborhood metric and not specific to the property. The renter-occupied share is below the metro median, reflecting an owner-heavy housing stock; for multifamily investors, that often translates to a more selective but steady renter base with lower turnover risk.
Within a 3-mile radius, demographics indicate recent population and household growth, with forecasts pointing to continued increases in households and a gradual expansion of the renter pool. Rising household counts alongside slightly smaller average household sizes suggest support for ongoing demand for rental units and potential occupancy stability. Median incomes in the neighborhood test well above national norms, and elevated home values (higher than most neighborhoods nationally) reinforce reliance on rental housing, supporting lease retention and measured pricing power.
The area’s average construction year skews to the 1970s, while the subject asset’s 1983 vintage is modestly newer. Relative to older nearby stock, 1980s construction can remain competitive after common-area refreshes, systems maintenance, and targeted unit upgrades—offering practical value-add avenues without requiring full repositioning.
Neighborhood safety compares favorably to national norms overall. The area performs above the national midpoint for safety, with property offenses positioned in a high national safety percentile (safer than the vast majority of neighborhoods nationwide). Violent offense measures also index safer than most neighborhoods nationally, though recent year-over-year trends show some uptick and warrant routine monitoring.
At the metro level, the neighborhood ranks competitively among 221 Poughkeepsie–Newburgh–Middletown neighborhoods on several safety dimensions. Investors should view the current profile as a tailwind for retention, while underwriting with conservative assumptions and staying attentive to evolving trends.
Commuting access to several regional corporate headquarters supports workforce housing demand and lease retention, particularly for residents employed by Praxair, IBM, PepsiCo, EMCOR Group, and Frontier Communications.
- Praxair — industrial gases HQ (23.6 miles) — HQ
- Ibm — technology & services (38.6 miles) — HQ
- Pepsico — food & beverage (38.8 miles)
- EMCOR Group — construction & facility services (40.4 miles) — HQ
- Frontier Communications — telecommunications (40.5 miles) — HQ
This 36-unit, 1983-vintage asset is positioned in an owner-leaning suburban neighborhood where occupancy performance at the neighborhood level ranks first among 221 metro neighborhoods—an indicator of durable leased housing conditions. Elevated home values and strong local incomes, based on CRE market data from WDSuite, tend to reinforce renter reliance on multifamily housing, supporting retention and measured rent growth. Limited immediate amenities suggest a quieter, car-oriented lifestyle that often aligns with longer tenancy, while still tapping a regional employment base within commuting range.
Forward-looking demographics within a 3-mile radius point to continued growth in households and a gradually expanding renter pool, supporting long-term demand. Given the 1980s vintage, targeted value-add—common-area updates, in-unit finishes, and systems modernization—can enhance competitiveness versus older nearby stock without requiring a full repositioning. Key underwriting considerations include the owner-heavy tenure mix (a smaller but steady renter base) and modest walkability, which may affect lease-up velocity for highly amenity-seeking renters.
- Neighborhood occupancy ranks first among 221 metro neighborhoods, supporting stable leasing conditions (neighborhood metric, not property-specific).
- Elevated ownership costs and strong incomes sustain rental demand and support retention potential.
- Demographic trends within 3 miles indicate growing households and a larger renter pool over time.
- 1983 vintage offers practical value-add via finish updates and systems maintenance versus older local stock.
- Risk: low renter concentration and limited walkable amenities may temper lease-up velocity for amenity-driven cohorts.