| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 70th | Best |
| Demographics | 69th | Best |
| Amenities | 42nd | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 375 Salt Point Tpke, Poughkeepsie, NY, 12603, US |
| Region / Metro | Poughkeepsie |
| Year of Construction | 1985 |
| Units | 31 |
| Transaction Date | 2008-02-26 |
| Transaction Price | $168,000 |
| Buyer | MARA KEITH |
| Seller | RIORDAN MICHELLE K |
375 Salt Point Tpke, Poughkeepsie NY Multifamily Opportunity
Neighborhood occupancy is above the national median and renter demand is supported by strong local incomes, according to WDSuite s CRE market data. The location 7s fundamentals point to steady leasing with room for value-add execution.
Positioned in an Inner Suburb of the Poughkeepsie-Newburgh-Middletown metro, the neighborhood posts an A rating and ranks 23rd out of 221 metro neighborhoods 2 d dcompetitive among metro peers. Occupancy at the neighborhood level trends above the national median (73rd percentile), which supports stability for a 31-unit asset targeting steady renewal cycles and manageable downtime.
Everyday convenience is reasonable: restaurants per square mile track near the national upper-mid range (65th percentile), while grocery and pharmacy access sit around the national middle to upper-middle range (about the 50th d68th percentiles). Caf e9 and childcare density is thin locally, so residents may rely on options a short drive away d dan operational consideration for tenant expectations rather than a demand headwind.
The renter-occupied share of housing units in the neighborhood is above national norms (76th percentile), indicating a relatively deep tenant base for multifamily. Median household income for the neighborhood is also stronger than many U.S. areas (68th percentile), which can support collections and reduce volatility through cycles.
Within a 3-mile radius, WDSuite data shows recent population growth alongside an increase in households, pointing to a larger tenant base and incremental support for occupancy. Forward-looking estimates indicate continued population gains and rising household incomes over the next five years, which should aid renter pool expansion and sustain leasing velocity without requiring outsized concessions.
Home values in the neighborhood sit above the national median (61st percentile). This higher-cost ownership context tends to reinforce reliance on rental housing, supporting retention and providing measured pricing power for well-operated assets.
The average construction year in the neighborhood is 1978, while the subject property was built in 1985. Being newer than the local average can help the asset compete against older stock; however, systems from the mid-1980s may warrant targeted modernization to capture renovation upside and reduce near-term capital surprises.
Comparable safety metrics are not available in WDSuite for this neighborhood at this time. Investors typically benchmark property-level measures (lighting, access control, maintenance responsiveness) against city and metro norms and monitor trend reports as new data is published.
Regional corporate employers provide a diversified white-collar and industrial employment base that can support renter demand and renewal stability for residents willing to commute. Notable nearby offices include:
- Praxair d industrial gases (30.2 miles) d d HQ
- PepsiCo d consumer beverages & snacks (43.8 miles)
- IBM d technology & services (44.0 miles) d d HQ
375 Salt Point Tpke offers exposure to a competitive Inner Suburb location where neighborhood occupancy trends above the national median and renter concentration is higher than typical, supporting depth of demand. Built in 1985, the asset is somewhat newer than the area dwide average vintage, suggesting a path to outperform older comps with targeted system upgrades and unit renovations. According to CRE market data from WDSuite, the neighborhood 7s average NOI per unit ranks very high nationally (98th percentile), reinforcing the area 7s income potential for well dmanaged multifamily.
Within a 3-mile radius, recent population and household growth point to a larger tenant base going forward, while a higher dcost ownership landscape supports rental reliance and steady renewal prospects. Amenity access is serviceable and improves within a short drive, and regional employers offer diverse job anchors, though most are commuter doriented.
- Neighborhood occupancy above national median supports leasing stability
- 1985 vintage offers value dadd via modernization versus older local stock
- 3 dmile population and household growth expand the renter pool
- Elevated ownership costs reinforce rental demand and retention
- Risks: thinner walkable amenities and commuter distances to major employers may influence marketing and leasing strategy