| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 55th | Good |
| Demographics | 30th | Poor |
| Amenities | 46th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 131 Hudson Ave, Poughkeepsie, NY, 12601, US |
| Region / Metro | Poughkeepsie |
| Year of Construction | 2013 |
| Units | 24 |
| Transaction Date | 2012-02-09 |
| Transaction Price | $98,000 |
| Buyer | DEVE POUGHKEEPSIE COMMONS |
| Seller | KEARNEY REALTY & DEVEL GR |
131 Hudson Ave, Poughkeepsie NY Multifamily Investment
2013 vintage, 24-unit asset with larger floorplans positions for durable renter demand amid an Inner Suburb setting, according to WDSuite’s CRE market data.
The property sits in an Inner Suburb neighborhood rated B- among 221 metro neighborhoods, with occupancy trends that are above the national median and a renter-occupied share that is notably high. This supports a deeper tenant base and potential leasing stability for multifamily investors. Median home values are elevated relative to local incomes, which tends to sustain reliance on rental housing rather than ownership, reinforcing demand for professionally managed units.
Within a 3-mile radius, population and household counts have expanded in recent years, and households are projected to continue increasing, which points to a larger tenant base and supports occupancy durability. The area skews toward working-age residents, and household incomes have trended higher, which can aid rent collections and reduce turnover risk. This framing is based on commercial real estate analysis using WDSuite’s datasets.
Local amenity access is mixed: parks and pharmacies compare favorably to national peers, while cafés and childcare are thinner, and restaurants are moderate. School ratings are below average, which may temper appeal for some family renters, but the combination of everyday services and employment access maintains practical livability for workforce-oriented demand.
Asset positioning and vintage: Neighborhood housing stock skews older (average 1920), so this 2013 construction is newer than much of the competitive set. That can improve relative competitiveness versus older properties, though investors should still plan for mid-life system updates and targeted renovations to optimize rents and operating efficiency.
- Neighborhood standing: competitive at the metro level and above the national median on occupancy.
- Tenure: high share of renter-occupied units indicates depth of demand for multifamily product.
- Affordability context: elevated ownership costs locally help sustain renter demand and lease retention.
Safety signals are mixed and should be considered in underwriting. Property offense metrics compare favorably at the national level (strong percentile positioning), and the latest year shows a modest decline, which is constructive for asset operations. Violent offense indicators sit closer to the national middle, implying typical urban-suburban risk levels rather than an outlier.
Within the metro’s 221-neighborhood framework, relative rankings suggest pockets of variability, so prudent measures such as lighting, access control, and resident engagement can help maintain leasing and retention. Investors should review submarket and street-level trends over time rather than a single-year reading to assess stability.
Regional employers provide a broad commuter base that can support renter demand and lease retention. Key names within driving range include Praxair, PepsiCo, and IBM, reflecting industrial gases, consumer goods, and technology employment.
- Praxair — industrial gases (29.6 miles) — HQ
- PepsiCo — consumer goods (42.3 miles)
- IBM — technology & services (42.6 miles) — HQ
Built in 2013 with 24 units and notably large average floorplans, the asset is newer than much of the local housing stock, offering competitive positioning against older properties. Neighborhood occupancy is above the national median and the share of renter-occupied housing is high, which supports a broader tenant pool and steadier leasing. Elevated ownership costs relative to incomes in the area further reinforce reliance on rental housing and can aid pricing power, though investors should manage affordability pressure and retention through disciplined lease strategy.
Based on CRE market data from WDSuite, the surrounding 3-mile area shows recent growth in population and households, with projections indicating additional household expansion—favorable for long-term multifamily demand and occupancy stability. At the same time, below-average school ratings and mixed safety signals warrant careful asset management. Given the property’s mid-life systems, capital planning for targeted upgrades can unlock value while maintaining operating resilience.
- 2013 construction competes well versus older neighborhood stock; plan for mid-life system updates.
- High renter-occupied share and above-median occupancy support leasing stability and tenant depth.
- Larger average unit sizes provide differentiation and potential to target longer-tenure renters.
- Elevated ownership costs sustain rental demand and can support rent growth with prudent lease management.
- Risks: below-average school ratings, mixed safety signals, and the need for ongoing capital planning.