| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 41st | Poor |
| Demographics | 65th | Good |
| Amenities | 0th | Poor |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 15 E Hunns Lake Rd, Stanfordville, NY, 12581, US |
| Region / Metro | Stanfordville |
| Year of Construction | 1992 |
| Units | 28 |
| Transaction Date | 2018-01-22 |
| Transaction Price | $3,450,000 |
| Buyer | MCCONNELL DIANE |
| Seller | COYLE DAWN M |
15 E Hunns Lake Rd, Stanfordville 28-Unit Multifamily
Occupancy in the surrounding neighborhood has improved and home values are elevated for the region, reinforcing rental demand according to WDSuite’s CRE market data.
Located in suburban Dutchess County, the property sits in a low-amenity pocket where daily needs typically require a drive. Amenity density ranks near the bottom among 221 metro neighborhoods, which can limit walkability but also reduces immediate competitive supply pressures from newer retail-led projects.
Neighborhood occupancy is in the mid-70% range and has trended higher over the last five years, yet it remains below most Poughkeepsie–Newburgh–Middletown submarkets (ranked 216 of 221). For investors, that points to selective leasing conditions where product positioning and management execution matter to stabilize tenancy.
Within a 3-mile radius, recent years show population and household contraction alongside an older age mix, but forecasts call for modest population growth and a rebound in household counts by 2028. This suggests a larger tenant base over the medium term, with more families projected in the area and rising incomes that can support rent levels and renewal capture.
Median home values in the neighborhood are higher than national norms (73rd percentile nationally). In a high-cost ownership market, multifamily properties can benefit from sustained renter reliance, supporting pricing power and lease retention even as the renter-occupied share remains comparatively low.
Vintage for the property is 1992, newer than the neighborhood’s average 1979 construction year. That vintage typically offers a competitive baseline relative to older stock, while still warranting capital planning for systems nearing mid-life and potential modernization to lift rents. Average unit sizes near 420 square feet suggest efficient layouts suitable for affordability-minded renters or workforce households.
Neighborhood-level crime metrics are not available in WDSuite’s dataset for this location. Investors commonly benchmark local safety conditions against county and metro references and review multi-year trends to understand tenant retention implications.
Given the suburban setting, it is prudent to assess recent incident patterns and community policing updates alongside property-level measures (lighting, access controls) to inform underwriting and ongoing operations. Comparative insights to nearby Dutchess County communities can further calibrate expectations.
The employment base skews regional, with access to industrial and corporate roles that can underpin workforce housing demand. Notable nearby employer listed below offers commuting access that can aid leasing stability.
- Praxair — industrial gases (36.5 miles) — HQ
This 28-unit property offers smaller-format units and a 1992 vintage that competes favorably versus older neighborhood stock. The submarket’s limited amenity base and below-median neighborhood occupancy make leasing execution important, but elevated home values and rising household incomes indicate durable rental demand and potential for rent uplift as the local renter pool expands in the forecast period, based on CRE market data from WDSuite.
Investor focus points include value-add potential through targeted renovations and operational efficiency to capture renewals. Forecast increases in household counts and income within 3 miles support a larger tenant base and pricing headroom, while the suburban, car-dependent location and relatively low renter concentration call for disciplined marketing and product positioning.
- 1992 vintage offers competitive baseline vs. older local stock with targeted upgrades to lift rents.
- Elevated home values support renter reliance, aiding pricing power and renewal capture.
- Forecast growth in households and incomes within 3 miles supports a larger tenant base and occupancy stability.
- Smaller average unit size (~420 sf) fits affordability positioning and workforce demand.
- Risks: thin renter-occupied share, car-dependent location, and below-median neighborhood occupancy require strong leasing and asset management.