| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 61st | Best |
| Demographics | 8th | Poor |
| Amenities | 46th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 50 Rinaldi Blvd, Poughkeepsie, NY, 12601, US |
| Region / Metro | Poughkeepsie |
| Year of Construction | 1978 |
| Units | 114 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
50 Rinaldi Blvd, Poughkeepsie NY Multifamily Investment
Neighborhood occupancy trends sit at the top of the metro, supporting stable leasing conditions in this inner-suburb location, according to WDSuite’s CRE market data. For investors, the combination of steady renter demand and accessible price positioning points to durable income with prudent asset management.
Livability fundamentals around 50 Rinaldi Blvd track favorably on parks and dining access. Park density is among the strongest in the region (top tier out of 221 metro neighborhoods) and restaurant availability is competitive at the metro level (near the top decile among 221), while cafes and pharmacies are thinner locally. For investors, this mix suggests everyday convenience anchored by open space and food options, with selective amenity gaps to consider in marketing and resident services, based on CRE market data from WDSuite.
Multifamily dynamics are a key strength: the neighborhood’s occupancy rate ranks at the top of the Poughkeepsie–Newburgh–Middletown metro (1st of 221), indicating resilient renter demand at the neighborhood level, not the property. The neighborhood’s overall rating sits mid-pack in the metro (C, 165 of 221), but housing metrics are above national midpoints, signaling workable fundamentals amid broader average conditions.
Within a 3-mile radius, demographics show population and household growth in recent years, with projections indicating further expansion by 2028. A majority share of housing units are renter-occupied in this radius, pointing to a deeper tenant base and potential demand stability for multifamily units. Rising median incomes and rent levels in the radius support the case for consistent absorption while warranting standard affordability monitoring to maintain retention.
Vintage matters: the property was built in 1978, slightly newer than the neighborhood’s average 1970 vintage. This positions the asset as relatively competitive versus older nearby stock, while still calling for capital planning on aging systems and possible value-add improvements to capture renter preferences.
Neighborhood-level safety benchmarks are not available in the provided dataset for this location. Investors typically evaluate safety by comparing neighborhood trends to metro and national baselines and by reviewing municipal reports and owner records. In the absence of ranked or percentile data, prudent underwriting would incorporate local law enforcement trend summaries and on-the-ground observations to contextualize leasing and retention assumptions.
Regional employers within a commutable shed support renter demand, particularly for workforce households. The nearby base is led by industrial gases, consumer products, and technology offices noted below.
- Praxair — industrial gases (30.3 miles) — HQ
- PepsiCo — consumer products (42.1 miles)
- IBM — technology offices (42.6 miles) — HQ
The investment case centers on resilient renter demand and competitive positioning versus older neighborhood stock. Neighborhood occupancy performance leads the metro, supporting expectations for stable collections and lease-up durability. Parks and dining access are strengths, while limited café and pharmacy density suggests targeted resident programming could further enhance retention. The 1978 construction provides a workable basis for value-add through common-area refreshes and system upgrades as part of long-term capital planning.
Within a 3-mile radius, recent population and household growth, together with a majority renter-occupied housing mix, point to a larger tenant base over time. Income and rent trajectories suggest room for steady operations with attention to affordability pressure and renewal strategies. According to commercial real estate analysis from WDSuite, these factors align with sustained demand drivers relative to metro averages without relying on outsized assumptions.
- Metro-leading neighborhood occupancy supports income stability at the neighborhood level (not the property).
- 1978 vintage offers relative competitiveness versus older nearby stock with clear value-add and system-upgrade pathways.
- Park and restaurant access bolster livability; targeted amenities can address café/pharmacy gaps.
- 3-mile radius shows population and household growth with a sizable renter-occupied share, expanding the tenant pool.
- Risks: amenity gaps and commute distances to major employers may temper pricing power; underwrite affordability and capex for aging systems.