| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 54th | Good |
| Demographics | 78th | Best |
| Amenities | 47th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 2565 South Rd, Poughkeepsie, NY, 12601, US |
| Region / Metro | Poughkeepsie |
| Year of Construction | 1980 |
| Units | 94 |
| Transaction Date | 2009-11-18 |
| Transaction Price | $28,500,000 |
| Buyer | HUDSON HARBOUR NY LLC |
| Seller | AIMCO HUDSON HARBOUR LLC |
2565 South Rd Poughkeepsie Multifamily Investment
Stabilized neighborhood occupancy and a deep renter base point to durable cash flow potential, according to WDSuite’s CRE market data. This inner-suburb location offers commuter convenience and steady renter demand without core-urban pricing volatility.
The property sits in an Inner Suburb of Poughkeepsie that is competitive among Poughkeepsie–Newburgh–Middletown neighborhoods (ranked 28 of 221, A-rated), based on CRE market data from WDSuite. Neighborhood occupancy is 96.1% and has trended up over five years, a top quartile national profile that supports income stability for multifamily assets in this area.
Renter concentration is 49.6% of housing units (ranked 29 of 221; high national percentile), indicating a sizable tenant pool and demand depth for smaller-format units. Median household incomes in the neighborhood sit around the metro middle, while the rent-to-income ratio of roughly 0.16 suggests manageable affordability that can aid lease retention and limit turnover risk.
Daily-needs access is a relative strength: grocery and pharmacy availability ranks above the metro median (ranks 39 and 31 of 221), and café density is competitive (rank 24 of 221; top quartile nationally). Average school ratings are strong for the metro (4.0 out of 5; rank 6 of 221; high national percentile), which can reinforce longer stays among renters prioritizing education access.
Within a 3-mile radius, demographics indicate a growing renter base: households increased 7.5% over the past five years and population is projected to expand meaningfully through 2028, pointing to a larger tenant pool over time. Home values in the neighborhood are comparatively moderate for New York State, which can introduce ownership competition at the margin, but also supports steady workforce housing demand for well-managed rentals.
Comparable safety data for this specific neighborhood are not available in the current WDSuite release. Investors typically benchmark conditions against broader Poughkeepsie–Newburgh–Middletown trends and monitor multi-year patterns rather than single-period snapshots.
Practical underwriting steps often include reviewing recent property operations, engaging local management for on-the-ground context, and aligning security measures with resident expectations typical of Inner Suburb locations.
Regional corporate offices within commuting range provide a diversified employment base that supports renter demand and lease retention, including Praxair, PepsiCo, IBM, Ascena Retail Group, and Synchrony Financial.
- Praxair — corporate offices (28.3 miles) — HQ
- PepsiCo — corporate offices (39.4 miles)
- IBM — corporate offices (40.0 miles) — HQ
- Ascena Retail Group — corporate offices (42.6 miles) — HQ
- Synchrony Financial — corporate offices (43.7 miles) — HQ
2565 South Rd comprises 94 units built in 1980. The vintage positions the asset for targeted value-add and modernization to compete against older neighborhood stock (average construction year 1962) while planning for systems updates over the hold. According to CRE market data from WDSuite, the surrounding neighborhood shows top-quartile national occupancy with a near-50% share of renter-occupied housing units, supporting demand durability.
Within 3 miles, household counts have been rising and are projected to expand further, implying a larger tenant base and support for occupancy stability. Neighborhood home values are moderate for the region and rent-to-income levels indicate manageable affordability, which can aid renewals; investors should still account for potential competition from ownership and limited nearby parks/childcare amenities when positioning the asset.
- Top-quartile neighborhood occupancy and sizeable renter concentration support leasing stability.
- 1980 vintage offers value-add and modernization potential relative to older local stock.
- 3-mile household growth and projected expansion indicate a growing tenant base.
- Moderate ownership costs and manageable rent-to-income levels support retention and pricing discipline.
- Risks: some competition from ownership options; limited parks/childcare nearby may affect certain renter segments.