| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 56th | Good |
| Demographics | 61st | Good |
| Amenities | 0th | Poor |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 168 Academy St, Poughkeepsie, NY, 12601, US |
| Region / Metro | Poughkeepsie |
| Year of Construction | 2001 |
| Units | 120 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
168 Academy St Poughkeepsie 120-Unit Multifamily
Neighborhood metrics point to steady renter demand and occupancy above the national median, according to WDSuite’s CRE market data, supporting a durable income profile in Poughkeepsie’s inner-suburban fabric.
Located in an Inner Suburb setting within the Poughkeepsie–Newburgh–Middletown metro, the neighborhood carries a C rating and demonstrates investor-relevant stability signals. Neighborhood occupancy is above the national median and has improved over the past five years, which supports income durability and reduces lease-up risk for comparable assets. The neighborhood’s renter-occupied share of housing units is high (competitive among 221 metro neighborhoods), indicating a deep tenant base for multifamily product rather than a primarily ownership-driven housing stock.
Rents in the neighborhood sit modestly above national medians and have trended upward over the last five years, while rent-to-income levels remain manageable, supporting pricing power without overtly increasing retention risk. Home values are moderate in the local context, which can introduce some competition from ownership alternatives; however, the elevated renter concentration suggests multifamily remains a meaningful housing option and a viable lease retention environment.
Within a 3-mile radius, demographics indicate recent population and household growth with further expansion expected, pointing to a larger tenant base over the medium term. Income measures have risen and are projected to continue increasing, which typically supports asking rents and reduces concessions pressure for professionally managed communities. These 3-mile trends are consistent with a renter pool expansion narrative rather than a contraction.
Amenity density immediately around the neighborhood is limited (few cafes, groceries, parks, and pharmacies), which can affect walkable convenience. Average school ratings in the neighborhood are below regional norms, which may modestly weigh on family-driven leasing, though Class B/C workforce demand often remains resilient in similar contexts. Notably, neighborhood net operating income per unit benchmarks in the top quartile nationally and rank near the top among 221 metro neighborhoods, underscoring favorable revenue-to-expense dynamics for comparable stock in this area, based on CRE market data from WDSuite.
Comparable neighborhood-level safety metrics are not available in WDSuite for this location. Investors typically benchmark property performance against city and county trends and focus on practical measures such as lighting, controlled access, and on-site management to support resident experience and retention. Where possible, review multi-year police or public safety reports to understand whether the area tracks above or below broader regional patterns.
Regional corporate offices provide diversified employment within commuting distance, supporting renter demand and lease retention for workforce and mid-market units, including Praxair, Pepsico, IBM, and Ascena Retail Group.
- Praxair — corporate offices (29.3 miles) — HQ
- Pepsico — corporate offices (41.1 miles)
- Ibm — corporate offices (41.6 miles) — HQ
- Ascena Retail Group — corporate offices (44.2 miles) — HQ
Constructed in 2001, the asset is newer than much of the surrounding housing stock, positioning it competitively versus older properties while leaving room for targeted updates to common areas or building systems to drive rent premiums. Neighborhood fundamentals show occupancy above the national median and a high share of renter-occupied units, reinforcing demand depth for multifamily. Within a 3-mile radius, population and household counts have grown and are projected to continue expanding, supporting a larger tenant base and stable leasing. According to CRE market data from WDSuite, neighborhood NOI per unit benchmarks in the top quartile nationally, aligning with an income-focused hold or light value-add execution.
Counterbalancing factors include limited immediate amenity density and below-average neighborhood school ratings, which may temper appeal for some household segments. Moderate home values in the local context can create competition from ownership alternatives, so underwriting should focus on operational execution, unit finishes, and community experience to maintain pricing power and retention.
- 2001 vintage offers competitive positioning versus older stock, with potential upside from selective modernization.
- Above-median neighborhood occupancy and strong renter concentration support income stability.
- 3-mile population and household growth expand the tenant base and underpin leasing.
- Neighborhood NOI per unit aligns with top-quartile national benchmarks, supporting cash flow orientation.
- Risks: limited nearby amenities and below-average school ratings; moderate ownership costs may compete with rentals—focus on operations and finishes to sustain occupancy and rents.