| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 62nd | Best |
| Demographics | 55th | Fair |
| Amenities | 26th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 2 Creek Rd, Poughkeepsie, NY, 12601, US |
| Region / Metro | Poughkeepsie |
| Year of Construction | 1982 |
| Units | 72 |
| Transaction Date | 2010-12-23 |
| Transaction Price | $4,100,000 |
| Buyer | LAKEVIEW ARMS SENOIR HOUS |
| Seller | LAKEVIEW ARMS ASSOCIATES |
2 Creek Rd Poughkeepsie Multifamily Investment Opportunity
According to WDSuite’s CRE market data, neighborhood occupancy is around 95% with a renter-occupied share above half, indicating a stable tenant base for smaller-format units. This location offers steady renter demand dynamics relative to the metro.
The property sits in an Inner Suburb location within the Poughkeepsie–Newburgh–Middletown metro, where the neighborhood carries a B+ rating and ranks 81 of 221 — above the metro median. Neighborhood occupancy trends are also above the metro median, supporting consistent leasing and renewal potential.
Renter concentration is high (top quartile among 221 metro neighborhoods), which signals depth in the tenant pool and supports demand for smaller units. Average household size in the neighborhood is on the smaller side, aligning with the property’s compact average unit size (~382 sq. ft.) and suggesting fit for singles and couples.
The building’s 1982 vintage is newer than the neighborhood’s average construction year (1943). That positioning helps competitiveness versus older local stock, though investors should plan for selective modernization and systems upgrades typical of assets from this era.
Within a 3-mile radius, demographics point to recent population growth with further renter pool expansion projected, alongside rising household incomes and contract rents. Median contract rents in the neighborhood sit above many U.S. neighborhoods, and value-to-income metrics indicate a relatively high-cost ownership market for the area — factors that generally sustain multifamily demand and can support pricing power when paired with effective lease management, based on multifamily property research from WDSuite.
Everyday convenience is anchored more by groceries and restaurants than by parks, cafes, or childcare options; amenities rank competitive among metro peers but remain mixed. Average school ratings are below the national midpoint, which can matter for family households, making unit mix and positioning toward workforce renters an important consideration.
Comparable neighborhood-level safety metrics are not available in this release. Investors commonly benchmark conditions against city and metro trends and incorporate on-the-ground management insights to understand how local patterns may influence leasing, retention, and operating practices.
Regional employment is diversified across manufacturing, consumer goods, and technology offices within commuting range, which can support workforce housing demand and retention. Key nearby employers include Praxair, PepsiCo, and IBM offices.
- Praxair — industrial gases (29.8 miles) — HQ
- Pepsico — consumer goods (42.7 miles)
- Ibm — technology offices (43.0 miles) — HQ
2 Creek Rd is a 72-unit, 1982-vintage asset positioned in a renter-leaning neighborhood that ranks above the metro median for overall performance. High renter concentration and neighborhood occupancy around 95% support leasing stability, while smaller average household sizes align with the property’s compact unit mix. According to commercial real estate analysis from WDSuite, neighborhood rents trend above many U.S. locations and ownership costs are comparatively elevated, reinforcing reliance on rental housing and potential pricing power when managed thoughtfully.
The vintage provides relative competitiveness versus older local stock, though investors should anticipate targeted capital projects for interiors and building systems to sustain performance and refresh positioning. Nearby employment centers within commuting range add to demand durability for workforce renters, while thinner park/cafe infrastructure and below-average school ratings present considerations for family-oriented retention strategies.
- Above-metro-median neighborhood ranking with occupancy indicative of stable leasing
- Renter-leaning area and smaller household sizes align with compact unit mix
- Rents above many U.S. neighborhoods and relatively high ownership costs support rental demand
- 1982 vintage offers competitive position vs. older stock with value-add via selective modernization
- Risks: thinner neighborhood amenities and lower school ratings could affect family renter retention