| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 49th | Fair |
| Demographics | 40th | Poor |
| Amenities | 30th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 9 Hillside Ave, Middletown, NY, 10940, US |
| Region / Metro | Middletown |
| Year of Construction | 1987 |
| Units | 65 |
| Transaction Date | 2011-07-28 |
| Transaction Price | $137,500 |
| Buyer | WALSH BETHANN |
| Seller | DESANTIS LAURA |
9 Hillside Ave, Middletown NY Multifamily Investment
Neighborhood occupancy trends are tight and have held near full levels, according to WDSuite’s CRE market data, suggesting stable renter demand around the property. These figures reflect the broader Middletown neighborhood, not performance at 9 Hillside Ave specifically.
Located in suburban Middletown within the Poughkeepsie–Newburgh–Middletown metro, the area around 9 Hillside Ave shows durable renter fundamentals alongside family-oriented amenities. Neighborhood occupancy is elevated relative to many U.S. locations, supporting lease retention and pricing discipline. Parks access ranks competitively among metro peers, while childcare density is strong for the region—factors that can support household stability and steady everyday demand drivers.
Retail and cafe density immediately nearby is thinner than urban cores, so residents often rely on broader corridor retail rather than walk-to options. Home values in the neighborhood sit below major coastal metros, which can introduce some competition from ownership; however, local rents are generally aligned with incomes, and a midrange rent-to-income profile supports ongoing leasing and renewal strategies rather than stretch affordability.
Within a 3-mile radius, demographics show recent population growth and an increasing number of families and households, expanding the potential tenant base. Projections point to further expansion over the next five years, which would enlarge the renter pool and help underpin occupancy. The share of housing units that are renter-occupied within 3 miles is roughly in the low-to-mid 40% range, indicating a substantial renter concentration that supports demand depth for multifamily.
For investors, the combination of steady neighborhood occupancy, family-oriented amenities, and a growing 3-mile renter base suggests resilient demand characteristics for professionally managed apartments. Based on commercial real estate analysis from WDSuite, these neighborhood-level dynamics are competitive within the metro even if day-to-day conveniences lean more auto-oriented than walkable.
Comparable neighborhood safety benchmarks are not available in the current dataset for this specific area. Investors typically evaluate public crime data at the city and county levels, along with property operations history, to understand trend direction and on-site risk controls. In practice, underwriting often focuses on visibility, lighting, access control, and management presence to support resident retention and leasing performance.
Regional employment access includes a mix of headquarters and large corporate offices within commuting range that can contribute to renter demand and lease stability. Notable nearby employers include Ascena Retail Group, Becton Dickinson, Toys "R" Us, Airgas Lincoln Park, and Prudential Financial.
- Ascena Retail Group — apparel retail (28.9 miles) — HQ
- Becton Dickinson — medical technology (31.7 miles) — HQ
- Toys "R" Us — toy retail (33.3 miles) — HQ
- Airgas Lincoln Park — industrial gases (37.0 miles)
- Prudential Financial — financial services (37.2 miles)
9 Hillside Ave is a 65-unit asset built in 1987, newer than much of the surrounding housing stock. That vintage can provide a competitive edge versus older inventory while still allowing room for targeted modernization to enhance rent positioning and reduce near-term capital uncertainty. Neighborhood occupancy runs strong, and within a 3-mile radius, recent and projected gains in population and households point to a larger tenant base that can support leasing stability.
Renter concentration within 3 miles is substantial, and local rents track incomes closely, which supports renewal rates and reduces turnover risk. According to CRE market data from WDSuite, the submarket’s amenity mix favors parks and childcare over walkable retail, indicating a family-leaning renter profile and an auto-oriented convenience pattern. The key underwriting watchlist includes competition from comparatively accessible ownership options and the need to plan for selective system upgrades typical for late-1980s assets.
- 1987 construction offers competitive positioning versus older neighborhood stock, with selective modernization upside
- Strong neighborhood occupancy and a growing 3-mile renter pool support leasing stability
- Rents generally align with incomes, aiding retention and pricing discipline
- Family-oriented amenities (parks, childcare) reinforce everyday demand drivers
- Risks: competition from ownership options and typical late-1980s capital items