| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 70th | Best |
| Demographics | 69th | Best |
| Amenities | 42nd | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1 Knollwood Ln, Poughkeepsie, NY, 12603, US |
| Region / Metro | Poughkeepsie |
| Year of Construction | 1999 |
| Units | 64 |
| Transaction Date | 2021-03-31 |
| Transaction Price | $2,050,000 |
| Buyer | HOMEWOOD HILLSIDE TER LLC |
| Seller | HILLSIDE TER ASSOC LP |
1 Knollwood Ln Poughkeepsie NY Multifamily Investment
Neighborhood fundamentals indicate steady renter demand and occupancy stability, according to WDSuite’s CRE market data. Metrics are measured at the neighborhood level, where occupancy trends are resilient and renter concentration supports leasing consistency.
The property is situated in an Inner Suburb location of Poughkeepsie that ranks 23rd out of 221 metro neighborhoods with an A neighborhood rating, positioning it in the top decile among Poughkeepsie-Newburgh-Middletown subareas. At the neighborhood level, occupancy is strong relative to national norms (73rd percentile), which generally supports stable cash flow for multifamily assets.
Daily convenience is adequate with parks and pharmacies performing in the top quartile among 221 metro neighborhoods, while restaurants are also competitive (ranked 42nd of 221). Grocery access is competitive among metro peers as well. These dynamics point to livability that can aid leasing and retention even if some specialty amenities require short drives.
The neighborhood’s housing stock skews older than the subject (average 1978 versus the property’s 1999), giving a 1999 vintage relative competitiveness versus nearby assets while leaving room for targeted modernization of interiors and building systems over a hold period. Median contract rents at the neighborhood level trend above national norms, while the rent-to-income relationship remains manageable, reinforcing pricing power without overextending residents.
Within a 3-mile radius, population and household counts have grown in recent years, with WDSuite data indicating continued household expansion ahead. Slightly smaller average household sizes point to more households forming from the same resident base, which typically enlarges the renter pool and supports occupancy. Renter-occupied housing accounts for about one-third of units at the neighborhood level, indicating a meaningful tenant base for multifamily properties without overreliance on rentals.
Comparable, standardized crime metrics are not available for this neighborhood in WDSuite’s current release. Investors typically benchmark safety alongside nearby parks, traffic patterns, and regional comparisons; we recommend viewing this neighborhood in the context of broader Poughkeepsie-Newburgh-Middletown trends and property-specific measures such as lighting, access control, and management practices.
Regional employers within a commutable radius help underpin renter demand, with proximity to industrial, technology, and consumer goods operations including Praxair, IBM, and PepsiCo that contribute to a diverse employment base.
- Praxair — industrial gases (28.4 miles) — HQ
- IBM — technology & services (43.2 miles) — HQ
- PepsiCo — consumer goods (43.2 miles)
Built in 1999 with 64 units averaging roughly 833 square feet, the asset competes well against an older neighborhood stock that averages 1978. This vintage position supports occupancy and leasing while leaving room for value-add through common-area upgrades and modernization over time. At the neighborhood level, occupancy is solid and rents benchmark above national norms; based on CRE market data from WDSuite, these conditions, paired with a meaningful renter concentration, point to durable demand.
Demographics within a 3-mile radius show recent gains in population and households, with projections indicating continued household growth and a gradually smaller average household size — dynamics that typically expand the renter pool and help support retention. Home values are moderate in regional context, suggesting some competition from ownership; however, a balanced rent-to-income relationship indicates room to manage pricing while maintaining lease stability.
- 1999 vintage outpositions older neighborhood stock (1978 average), with potential to capture value via targeted renovations.
- Neighborhood-level occupancy and rent benchmarks support stable cash flow and measured pricing power.
- 3-mile household and population growth expand the tenant base, aiding lease-up and retention.
- Balanced rent-to-income dynamics reduce near-term affordability pressure relative to many national peers.
- Risk: moderate ownership accessibility may create competition for move-up renters; underwriting should account for finish level and amenity positioning.