| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 70th | Best |
| Demographics | 69th | Best |
| Amenities | 42nd | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 5001 Cherry Hill Dr, Poughkeepsie, NY, 12603, US |
| Region / Metro | Poughkeepsie |
| Year of Construction | 1986 |
| Units | 70 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
5001 Cherry Hill Dr Poughkeepsie Multifamily Investment
Positioned in a top-quartile Poughkeepsie metro neighborhood, this 70-unit, 1986-vintage asset benefits from steady renter demand and above-median neighborhood occupancy, according to WDSuite s CRE market data. This creates a straightforward income thesis with measured value-add potential rather than a heavy repositioning risk.
The property sits in an Inner Suburb neighborhood ranked 23rd out of 221 in the Poughkeepsie Newburgh Middletown metro ( A rating), placing it in the top quartile among metro neighborhoods. According to commercial real estate analysis from WDSuite, the area s neighborhood occupancy is above the metro median, supporting income stability for well-run assets.
Local access to daily-needs amenities is competitive among metro peers: restaurants, groceries, parks, and pharmacies each rank within roughly the top fifth to top third of the 221 neighborhoods. However, the immediate area has limited caf e9 and childcare density, suggesting residents rely more on nearby corridors for niche services a manageable consideration for leasing but worth factoring into marketing and tenant experience.
Tenant base depth is reinforced by tenure and income patterns. Neighborhood data indicate roughly one-third of housing units are renter-occupied, which supports ongoing multifamily demand without being overly concentrated. Within a 3-mile radius, the population has grown in recent years and households expanded, with projections through 2028 pointing to further household growth and a smaller average household size dynamics that typically expand the renter pool and support occupancy stability.
Affordability metrics are balanced for investors: neighborhood rent-to-income trends sit at levels consistent with sustainable leasing and retention, while ownership costs are moderate relative to higher-cost coastal metros. This mix generally supports steady occupancy and measured pricing power, though entry-level ownership options can compete at the margin.
Vintage context matters. With a 1986 construction year versus a local average vintage closer to the late 1970s, the property benefits from being newer than a large share of nearby stock. That positioning can aid competitiveness versus older assets, while still leaving room for targeted system upgrades or unit renovations to capture incremental rent and retention upside.
Neighborhood-level crime data for this specific area were not available in WDSuite for a direct comparison against the 221 neighborhoods in the Poughkeepsie Newburgh Middletown metro. Investors typically benchmark safety perceptions using city and metro trend context, property-level operations, and on-the-ground diligence rather than block-level claims. As with any acquisition, underwriting should incorporate local insights, recent trend checks, and management practices.
Regional employment anchors within commuting range help support renter demand and lease retention, including industrial gases, beverages, and technology employers.
- Praxair industrial gases (28.5 miles) HQ
- PepsiCo beverages (41.9 miles)
- IBM technology & corporate offices (42.1 miles) HQ
This 70-unit property, built in 1986 with average unit sizes around the mid-600s SF, is positioned in a top-quartile metro neighborhood where occupancy trends are above the metro median. Based on CRE market data from WDSuite, the submarket shows durable renter demand, balanced affordability, and NOI efficiency indicators that compare favorably versus many peer neighborhoods, supporting a thesis centered on income stability and selective upgrades.
Forward-looking fundamentals are constructive: within a 3-mile radius, households have increased and are projected to continue growing through 2028, while smaller average household sizes signal more renters entering the market. The asset s slightly newer vintage relative to nearby stock provides a competitive baseline, with targeted renovations and system updates offering potential to enhance retention and capture incremental rent without a full-scale repositioning.
- Top-quartile neighborhood ranking (23 of 221) supports demand and leasing velocity.
- Above-median neighborhood occupancy and balanced rent-to-income trends favor cash flow durability.
- 1986 vintage is newer than much of the local stock, with targeted value-add and system upgrades to enhance competitiveness.
- 3-mile radius shows growing household counts and a larger renter pool, supporting long-term absorption.
- Risks: limited nearby caf e9/childcare options, commuting distances to major employers, and typical capex for mid-1980s construction.