| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 62nd | Best |
| Demographics | 62nd | Good |
| Amenities | 16th | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 141 Fulton Ave, Poughkeepsie, NY, 12603, US |
| Region / Metro | Poughkeepsie |
| Year of Construction | 1980 |
| Units | 103 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
141 Fulton Ave Poughkeepsie Multifamily Investment Profile
Neighborhood occupancy is reported at full levels and renter concentration is elevated, supporting durable tenant demand in this inner-suburban pocket, according to WDSuite’s CRE market data. Positioning benefits from steady renter need rather than destination amenities, favoring consistent leasing over luxury-driven volatility.
Neighborhood Fundamentals
This inner-suburban area of Poughkeepsie offers practical access to dining corridors while everyday retail within the immediate blocks is limited. Restaurants are competitive among Poughkeepsie-Newburgh-Middletown neighborhoods and in the top quartile nationally, while cafe, grocery, park, and pharmacy options directly nearby are comparatively sparse; residents typically rely on adjacent corridors for errands. These dynamics point to workforce-oriented appeal over lifestyle-driven positioning.
For investors, the most salient signal is stability: the neighborhood’s occupancy metric is measured at the neighborhood level, not the property, and sits at the top of the distribution locally, indicating minimal slack in available housing. Renter-occupied housing accounts for a majority share in the neighborhood, deepening the tenant base and supporting ongoing leasing demand. Median contract rents benchmark against incomes in a way that suggests manageable affordability pressure, which can aid retention and limit turnover volatility.
Demographic statistics aggregated within a 3-mile radius point to a modest population increase over the past five years and a larger rise in household counts, with projections indicating further population growth and additional household formation alongside smaller average household sizes. Together, these trends imply a larger tenant base and continued renter pool expansion that can support occupancy stability over the medium term; based on WDSuite’s multifamily property research, median asking rents in the area have trended upward in line with income gains.
The neighborhood’s housing stock skews older on average, while the subject property was built in 1980. Being newer than much of the surrounding inventory supports relative competitiveness versus prewar stock, though investors should still plan for ongoing system modernization and selective renovations typical of 1980s vintage assets.
Safety Context
Safety indicators are mixed but generally compare favorably at a national level. Overall crime aligns slightly better than national averages, and property-related offenses track in stronger percentiles nationally with signs of recent improvement. Violent-offense metrics land in stronger national percentiles as well, though recent year-over-year changes suggest some volatility to monitor.
At the metro scale, neighborhoods can vary block-to-block. Investors should underwrite to property-level operations and emphasize lighting, access controls, and resident engagement, while referencing local trend data to gauge stability rather than relying on a single-year snapshot.
Regional employers provide a diversified employment base that supports commuter demand and leasing durability. The most relevant anchors within a reasonable drive include Praxair, PepsiCo, and IBM.
- Praxair — industrial gases (28.5 miles) — HQ
- PepsiCo — consumer beverages (41.1 miles)
- IBM — technology & corporate offices (41.5 miles) — HQ
Investment Thesis
141 Fulton Ave offers scale at 103 units with compact layouts that can sustain attainable price points relative to neighborhood incomes. The surrounding neighborhood exhibits full measured occupancy at the neighborhood level, a majority share of renter-occupied housing units, and restaurant density that is competitive locally, all of which support depth of the tenant base and day-to-day leasing momentum.
Built in 1980, the asset is newer than much of the nearby housing stock, which can aid competitive positioning versus older properties, while still leaving room for targeted renovations and system updates. According to CRE market data from WDSuite, neighborhood rent levels and income trends indicate manageable affordability pressure, and demographics aggregated within three miles show population growth and a projected increase in households that can reinforce occupancy stability over time.
- Full neighborhood-level occupancy and elevated renter concentration support consistent leasing and retention.
- 1980 vintage offers relative competitiveness against older stock with potential value-add via modernization.
- Regional employment anchors within commuting distance underpin a durable renter base.
- Demographic growth within a 3-mile radius suggests a larger tenant pool and support for occupancy stability.
- Risks: limited immediate everyday retail, mixed safety trends year-over-year, and potential capex for 1980s systems.