| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 63rd | Best |
| Demographics | 76th | Best |
| Amenities | 41st | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 141 Bert Crawford Rd, Middletown, NY, 10940, US |
| Region / Metro | Middletown |
| Year of Construction | 2001 |
| Units | 84 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
141 Bert Crawford Rd Middletown Multifamily Investment
Stabilized renter demand and high neighborhood occupancy support steady income potential near Middletown employment corridors, according to WDSuite’s CRE market data.
The property sits in an Inner Suburb pocket of Middletown with everyday convenience and a tenant base supported by cafes and groceries close by. Cafe and grocery density rank in the top cohort within the metro (ranks 15 and 16 out of 221 neighborhoods, respectively), translating to competitive amenity access versus many Poughkeepsie–Newburgh–Middletown submarkets while national percentiles (85th for cafes, 82nd for groceries) indicate above-average options compared with neighborhoods nationwide. By contrast, parks, pharmacies, and childcare are sparse in this immediate neighborhood (ranks at or near the bottom of 221), which may modestly impact lifestyle appeal for some renters.
Neighborhood rental fundamentals are a core strength. Occupancy in the neighborhood is strong with a national percentile near the upper decile (89th), reinforcing leasing stability, and renter-occupied share is high at the neighborhood level (60.6%), signaling depth in the local tenant base. The area’s median contract rent sits in a higher national percentile (mid-70s), while the rent-to-income ratio near 0.19 suggests manageable affordability pressure that can support retention with disciplined lease management, based on commercial real estate analysis from WDSuite.
Demographic indicators aggregated within a 3-mile radius point to a growing renter pool: population and households expanded over the last five years and are forecast to increase further through 2028, with household counts projected to rise meaningfully. This growth profile supports demand for rental units and can help sustain occupancy and leasing velocity.
The asset’s 2001 vintage is newer than the neighborhood’s average construction year (1983), providing competitive positioning versus older local stock. Investors should still plan for targeted modernization as systems approach mid-life, but the relative vintage supports curb appeal and operational competitiveness.
Safety signals present a mixed but generally favorable picture. Within the Poughkeepsie–Newburgh–Middletown metro (221 neighborhoods), the neighborhood’s crime rank sits toward the lower end of the distribution (a lower rank indicates higher crime relative to metro peers). However, national comparisons are stronger: violent and property offense metrics place the neighborhood in higher national percentiles (around the 83rd and 97th percentiles, respectively), indicating it compares well versus many neighborhoods nationwide. Recent year-over-year trends show a modest decrease in estimated property offenses and a slight uptick in violent offenses; investors should underwrite with standard operating protocols and consider property-level security and lighting as part of routine risk management.
Regional employers within commuting distance help support renter demand and retention, with a mix of headquarters and corporate offices across retail, medical technology, consumer goods, and financial services highlighted below.
- Ascena Retail Group — retail HQ (28.99 miles) — HQ
- Becton Dickinson — medical technology (32.14 miles) — HQ
- Toys "R" Us — consumer retail (33.95 miles) — HQ
- Prudential Financial — financial services (37.23 miles)
- Airgas Lincoln Park — industrial gases (37.83 miles)
141 Bert Crawford Rd offers scale at 84 units with neighborhood fundamentals that favor stable operations. High neighborhood occupancy and a substantial share of renter-occupied housing point to a deep tenant base, while 3-mile radius demographics show recent population and household growth with further expansion forecast, supporting renter pool growth and lease-up resilience. According to CRE market data from WDSuite, neighborhood rents sit in higher national percentiles alongside a moderate rent-to-income ratio, balancing pricing power with retention.
Built in 2001, the property is newer than much of the surrounding housing stock, enhancing competitiveness versus older assets while still leaving room for targeted upgrades as systems age. Ownership costs in the surrounding area are not elevated by national standards, which may introduce some competition from for-sale options; disciplined amenity programming and unit renovations can help sustain positioning and occupancy stability over time.
- Neighborhood occupancy strength and high renter-occupied share support demand depth and leasing stability.
- 3-mile radius population and household growth indicate a larger tenant base and forward demand.
- 2001 vintage offers competitive positioning versus older local stock with selective value-add potential.
- Rents in higher national percentiles with a moderate rent-to-income ratio support balanced pricing and retention.
- Risks: metro-relative safety ranks, limited nearby parks/childcare, and accessible ownership options can influence leasing strategy.