| 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 Multifamily Investment Outlook
Neighborhood occupancy trends point to durable renter demand, according to WDSuite’s CRE market data, with proximity to parks and dining supporting day-to-day livability for tenants. Investors should view performance through the lens of submarket stability rather than one-off volatility.
Situated in Poughkeepsie’s inner-suburban fabric, the neighborhood shows strong usage of existing stock: neighborhood occupancy ranks first among 221 metro neighborhoods and sits in the top percentile nationally. This speaks to leasing stability at the neighborhood level (not the property) and supports consistent tenant retention for multifamily operators.
Amenities skew toward outdoor space and food service. Park access is a relative strength (top tier in the metro and 98th percentile nationally), and restaurant density is competitive among Poughkeepsie–Newburgh–Middletown neighborhoods, helping underpin renter appeal. Daily-needs retail is present, with grocery availability above metro norms; childcare and pharmacies are thinner, so operators may want to emphasize on-site conveniences where feasible.
Within a 3-mile radius, demographics indicate a sizable and expanding renter pool: the share of housing units that are renter-occupied is currently elevated, which supports depth of demand for multifamily. Population and household counts have grown and are projected to continue rising, implying a larger tenant base and supporting occupancy stability. Median contract rents have trended higher over the last five years and are projected to keep increasing, while the neighborhood’s rent-to-income ratio remains manageable by regional standards—factors that can aid lease retention and pricing discipline.
Vintage considerations matter. The average construction year across nearby stock is 1970, while this asset’s 1978 vintage is somewhat newer than the local mean—supporting competitive positioning versus older properties—yet investors should still anticipate aging-system maintenance and selective renovations to meet current renter expectations. This assessment draws on WDSuite’s multifamily property research across the metro and comparable inner-suburban submarkets.
Comparable crime ranks for this neighborhood are not available in the current dataset. For underwriting, investors typically benchmark neighborhood safety against city and metro trends and incorporate property-level security, lighting, and access controls as part of risk management. Monitoring municipal reports and trend direction at the submarket level can further contextualize exposure over a hold period.
Regional employers provide a diversified white-collar and industrial base within commutable distance, supporting renter demand through steady employment and commute convenience. Notable nodes include industrial gases, consumer beverages, and technology offices.
- Praxair — industrial gases (30.3 miles) — HQ
- PepsiCo — consumer beverages (42.1 miles)
- IBM — technology offices (42.6 miles) — HQ
50 Rinaldi Blvd offers scale for operational efficiency at 114 units and participates in a neighborhood where occupancy performance is a metro standout (neighborhood-level measure). Parks, restaurants, and grocery access bolster livability, while a sizable renter-occupied share within a 3-mile radius and projected population and household growth point to a larger tenant base and support for steady leasing. According to CRE market data from WDSuite, rent levels have risen and are expected to continue trending up, with rent-to-income conditions that can support retention-focused pricing.
Built in 1978, the asset is somewhat newer than the local average vintage, offering relative competitiveness versus older stock while still warranting capital planning for aging systems and selective upgrades. Forward-looking household and income gains in the area suggest durable demand, though a gradual shift toward ownership in forecasts could heighten competition from for-sale options over time—best addressed through amenity, service, and unit-finish differentiation.
- Neighborhood occupancy leadership supports underwriting for stable leasing (neighborhood metric, not property-specific).
- Expanding 3-mile population and households indicate a growing renter pool and demand depth.
- Amenity-driven livability (parks, restaurants, and groceries) enhances retention and leasing velocity.
- 1978 vintage provides competitive footing versus older stock with value-add potential through targeted renovations.
- Risk: potential shift toward ownership over time and aging systems call for active asset management and capital planning.