| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 65th | Best |
| Demographics | 37th | Poor |
| Amenities | 79th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 11 Boulevard Knls, Poughkeepsie, NY, 12601, US |
| Region / Metro | Poughkeepsie |
| Year of Construction | 1980 |
| Units | 26 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
11 Boulevard Knls Poughkeepsie Multifamily Investment Opportunity
Neighborhood occupancy is stable and renter demand is durable in this inner-suburb pocket of Poughkeepsie, according to WDSuite’s CRE market data. Investors screening mid-size assets may find balanced fundamentals with room for operational improvement.
This inner-suburb location ranks in the top quartile among 221 metro neighborhoods (overall grade A), signaling competitive fundamentals versus the broader Poughkeepsie–Newburgh–Middletown market. Neighborhood occupancy remains elevated and has trended higher over the past five years, supporting income stability at multifamily assets rather than rapid lease-up risk.
Daily-needs access is a strength: restaurant and grocery density is among the strongest in the metro, with pharmacies and childcare also well-represented. Park space is limited and average school ratings are low, which may influence unit mix positioning and marketing toward working adults. From a rent perspective, the neighborhood sits around the mid-tier locally with solid five-year growth, indicating demand depth without severe affordability pressure.
Tenure patterns favor rentals: a majority of housing units are renter-occupied at the neighborhood level, which points to a broad tenant base and supports leasing continuity. Within a 3-mile radius, recent years show modest population growth and a faster increase in households, with forecasts indicating further gains through 2028—conditions that typically expand the renter pool and reinforce occupancy. Elevated home values relative to incomes at the neighborhood level suggest a high-cost ownership market, which can sustain reliance on multifamily housing and aid retention. These dynamics align with investor-focused commercial real estate analysis while being validated by WDSuite’s data.
The asset’s 1980 vintage is newer than much of the surrounding housing stock (which skews older), providing a competitive edge versus prewar buildings while still allowing for targeted modernization to enhance rents and operating efficiency.
Safety indicators are mixed and should be underwritten with local diligence. The neighborhood’s crime rank sits closer to the higher-crime end compared with 221 metro neighborhoods, placing it below the safest tier locally, while national positioning trends closer to mid-range. Recent data show year-over-year declines in violent offenses and modest improvement in property offenses, suggesting some directional progress. Prospective investors should calibrate security measures and tenant screening to maintain stability.
Regional employment anchors within commuting range support renter demand, particularly among workforce tenants. Notable nearby employers include Praxair, PepsiCo, and IBM, offering diversified corporate roles that can help underpin leasing and retention.
- Praxair — industrial gases HQ (28.9 miles) — HQ
- PepsiCo — food & beverage corporate offices (41.5 miles)
- IBM — technology & services HQ (41.9 miles) — HQ
11 Boulevard Knls offers 26 units with a 1980 vintage in a neighborhood that ranks among the metro’s stronger performers. Occupancy at the neighborhood level is high and rising over the last five years, and the renter-occupied share indicates a deep tenant base. Within a 3-mile radius, modest population growth and a faster increase in households point to a larger renter pool ahead, while ownership costs in the area help sustain rental demand. Based on CRE market data from WDSuite, operating metrics in the area are competitive versus metro norms, with amenity access bolstering appeal despite limited parks and weaker school ratings.
The 1980 construction is newer than much of the local housing stock, supporting relative competitiveness while leaving room for value-add through selective renovations and energy or systems updates. Underwriting should incorporate prudent assumptions around safety and school quality, but the combination of stable occupancy, renter concentration, and household growth supports a long-term hold thesis.
- Neighborhood occupancy is strong and has trended higher, supporting income stability.
- Majority renter-occupied housing base and 3-mile household growth expand the tenant pool.
- 1980 vintage is newer than surrounding stock, creating value-add potential via targeted upgrades.
- Dense amenities (food, grocery, pharmacy) enhance livability and leasing appeal.
- Risks: mixed safety indicators and weaker school ratings; plan for security, tenant mix, and asset management.