| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 48th | Fair |
| Demographics | 29th | Poor |
| Amenities | 73rd | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 210 Main St, Poughkeepsie, NY, 12601, US |
| Region / Metro | Poughkeepsie |
| Year of Construction | 1986 |
| Units | 56 |
| Transaction Date | 2013-10-22 |
| Transaction Price | $3,600,000 |
| Buyer | MT BEACON PROPERTIES LLC |
| Seller | WILLOW COURT APARTMENTS I |
210 Main St, Poughkeepsie NY Multifamily Positioning
Stabilized renter demand in the Urban Core and an above-median neighborhood occupancy backdrop point to durable leasing, according to WDSuite s CRE market data.
Located at 210 Main St in Poughkeepsie 7s Urban Core, the property sits in a neighborhood rated B+ (ranked 67 among 221 metro neighborhoods), signaling competitive fundamentals within the Poughkeepsie-Newburgh-Middletown region. Amenity access is a relative strength, with strong densities of restaurants, parks, cafes, and childcare options supporting everyday livability for renters.
Neighborhood occupancy is above the metro median (rank 96 of 221) and in the top quartile nationally, which supports near-term leasing stability and pricing power. The neighborhood also shows a high concentration of renter-occupied housing (74.6% renter-occupied; rank 4 of 221; top national percentile), indicating a deep tenant base for multifamily owners.
Within a 3-mile radius, demographics show recent population growth alongside an increase in households, expanding the local renter pool. Forward-looking estimates indicate further growth by 2028, which can reinforce occupancy and absorption. Household sizes have edged lower, a shift that can favor smaller-format units and studio-heavy mixes.
Home values in the neighborhood sit around the middle of national distributions, which can introduce some competition from entry-level ownership, but elevated rent-to-income ratios locally signal affordability pressure that owners should manage through thoughtful lease strategies. For investors conducting commercial real estate analysis, this balance suggests steady demand with selective sensitivity to rent increases.
The building 7s 1986 vintage is newer than the area 7s older housing stock (average neighborhood vintage is early 20th century), offering a relative competitive edge versus pre-war product, though targeted system updates or common-area refreshes may still be warranted to meet current renter expectations.
Amenity caveat: while parks, cafes, restaurants, and childcare score well versus metro peers, local pharmacy access is limited in the immediate neighborhood, which may modestly affect daily convenience for residents.
Safety signals are mixed and should be contextualized. Within the Poughkeepsie-Newburgh-Middletown metro, the neighborhood ranks near the higher-crime end (crime rank 1 of 221), so owners should underwrite appropriate security and operations protocols. Nationally, however, several indicators land in the upper quartile for safety, and recent data show year-over-year declines in both property and violent offenses, pointing to improving trends.
Investors should focus on trend direction and property-level controls rather than block-level conclusions, using current reports and on-the-ground diligence to calibrate risk.
Regional employment anchors within commuting range include industrial gases, food & beverage, and technology corporate offices, supporting a diversified workforce renter base and commute convenience relevant to leasing stability.
- Praxair industrial gases (30.1 miles) HQ
- PepsiCo food & beverage (42.1 miles)
- IBM technology (42.6 miles) HQ
This 56-unit asset, built in 1986, benefits from a renter-heavy neighborhood and occupancy that is above the metro median, supporting day-one stability. The 3-mile trade area shows population growth and an expanding household base, which enlarges the tenant pool and supports absorption. According to CRE market data from WDSuite, the neighborhood 7s amenity access is a relative strength, while limited pharmacy options and affordability pressure (high rent-to-income ratios) call for prudent lease management.
Relative to older local stock, the 1986 vintage can compete well with pre-war product while offering value-add potential through targeted renovations and operational improvements. Underwriting should also consider mixed safety signals metro-relative crime rank versus improving national-positioned indicators and the potential for ownership alternatives to compete at the margin.
- Renter-heavy neighborhood and above-median occupancy support leasing stability
- 3-mile population and household growth expand the tenant base
- 1986 vintage offers competitive positioning versus older stock with value-add upside
- Strong amenity access enhances resident appeal; limited pharmacy access noted
- Risks: metro-relative crime ranking, affordability pressure, and some competition from entry-level ownership