| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 70th | Best |
| Demographics | 69th | Best |
| Amenities | 42nd | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 386 Van Wagner Rd, Poughkeepsie, NY, 12603, US |
| Region / Metro | Poughkeepsie |
| Year of Construction | 2002 |
| Units | 61 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
386 Van Wagner Rd Poughkeepsie Multifamily Investment
Neighborhood occupancy trends sit above the metro median, supporting steady leasing and retention according to WDSuite’s CRE market data.
Situated in Poughkeepsie’s inner suburb, the neighborhood rates in the top quartile among 221 metro neighborhoods, with fundamentals that support stable multifamily demand. Occupancy for the neighborhood is above the metro median and in the 73rd percentile nationally, indicating healthy renter demand relative to many U.S. areas. The local renter-occupied share is competitive among metro peers and higher than most neighborhoods nationwide, reinforcing depth in the tenant base rather than sporadic leasing spikes.
Daily needs are reasonably served: restaurants score in the top quartile among 221 metro neighborhoods and around the 65th percentile nationally, while grocery access is competitive among metro peers and roughly average nationwide. Parks and pharmacies both index near the upper third nationally, providing a livability backdrop that helps support retention even if specialty amenities such as cafes or childcare are thinner than core urban districts.
Homeownership costs in the neighborhood sit slightly above the national midpoint, which tends to sustain renter reliance on multifamily housing more than in low-cost ownership markets. Rent-to-income levels are on the more manageable side versus many U.S. neighborhoods, a dynamic that supports lease retention and consistent collections, though it may moderate near-term pricing power.
Within a 3-mile radius, recent years reflect modest population growth alongside a noticeable increase in households and a smaller average household size. Forward-looking projections point to continued household growth and a lean toward smaller households, which can translate into a larger renter pool and support for occupancy stability over time. The asset’s 2002 construction is newer than the neighborhood’s average vintage, positioning it competitively versus older stock while still warranting routine system updates and selective modernization to maintain standing with incoming renters.
Comparable neighborhood-level safety metrics are not reported in the latest WDSuite release for this location. Investors typically benchmark against metro and county trends and assess property-level measures, looking for directional improvement, consistent municipal reporting, and on-site practices that support resident comfort.
Regional employers help underpin demand via commutable access to industrial and corporate offices. Key drivers include Praxair, PepsiCo, and IBM, which collectively broaden the white-collar and operations-oriented employment base relevant to renters.
- Praxair — industrial gases (28.8 miles) — HQ
- PepsiCo — consumer goods (42.7 miles)
- IBM — technology & corporate offices (42.8 miles) — HQ
386 Van Wagner Rd combines above-median neighborhood occupancy with a renter concentration that is competitive among metro peers, supporting consistent leasing fundamentals. The property’s 2002 vintage is newer than the area’s typical build year, offering relative competitiveness versus older stock while leaving room for targeted upgrades to sustain positioning. Within a 3-mile radius, household counts have been rising as average household size trends lower, expanding the potential renter pool and supporting stable absorption. Based on commercial real estate analysis using WDSuite as a data source, neighborhood performance sits comfortably above metro averages on several livability and demand indicators.
Ownership costs are moderately elevated relative to the national midpoint, which tends to reinforce multifamily demand, while rent-to-income dynamics suggest supportive retention but measured pricing power. Amenity access is strongest in everyday services (restaurants, parks, pharmacies), with thinner depth in niche categories, implying a resident profile oriented toward convenience and value rather than destination retail.
- Above-median neighborhood occupancy supports steady leasing and retention
- 2002 construction offers competitive positioning versus older local stock with selective value-add upside
- 3-mile household growth and smaller household sizes expand the renter pool and support absorption
- Everyday services are accessible; restaurants, parks, and pharmacies help underpin resident convenience
- Risks: thinner niche amenities and measured pricing power call for disciplined asset management and targeted improvements