| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 88th | Best |
| Demographics | 5th | Poor |
| Amenities | 11th | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 13 Zenta Rd, Monroe, NY, 10950, US |
| Region / Metro | Monroe |
| Year of Construction | 2010 |
| Units | 38 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
13 Zenta Rd, Monroe NY Multifamily Investment
Neighborhood occupancy remains comparatively strong with a deep renter base, according to WDSuite’s CRE market data, supporting stable leasing for a 38-unit asset. Elevated local home values further reinforce rental dependence and pricing discipline over time.
Monroe’s Urban Core setting shows durable renter demand: the neighborhood’s occupancy rate is high (ranked 59 among 221 metro neighborhoods), and renter-occupied housing represents a large share of units (ranked 6 of 221). For investors, this combination points to a sizable tenant base and resilience in backfilling units as leases turn, based on commercial real estate analysis from WDSuite.
Within the 3-mile radius, WDSuite data indicates meaningful growth: population and households expanded over the last five years and are projected to continue rising through 2028, pointing to a larger tenant base and potential renter pool expansion. Household sizes are expected to trend modestly lower, which can add demand for multifamily units even as family counts increase.
Home values in the neighborhood are elevated (near the 93rd national percentile), and the value-to-income ratio ranks at the top of national comparisons. In investment terms, this high-cost ownership landscape tends to sustain reliance on rental housing, aiding retention and supporting occupancy stability. At the same time, a rent-to-income ratio around 0.29 suggests some affordability pressure, so operators should plan for thoughtful lease management and renewal strategies.
Local amenities inside the neighborhood footprint are limited (very low counts for groceries, pharmacies, parks, and cafes), though the area is comparatively better for restaurants (ranked 38 of 221 in the metro). Investors should consider this trade-off: robust tenant demand fundamentals versus fewer lifestyle conveniences within immediate walking distance—factors that can be offset by drive-time access across Orange County.
Neighborhood-level crime data for this area is not available in the provided WDSuite release. Investors commonly review broader municipal and county trends, insurance benchmarks, and property-level measures (lighting, access control) to contextualize safety alongside standard underwriting practices.
Given the metro’s varied neighborhood profiles, a comparative review against other Poughkeepsie–Newburgh–Middletown sub-areas can help position expectations, but block-level conclusions should be avoided without a consistent dataset.
Regional employers within commuting range help support renter demand and retention, including anchors in retail apparel, medical technology, food & beverage, and financial services listed below.
- Ascena Retail Group — retail apparel (18.3 miles) — HQ
- Becton Dickinson — medical technology (22.4 miles) — HQ
- Pepsico — food & beverage (25.2 miles)
- Toys "R" Us — retail (25.2 miles) — HQ
- Prudential Financial — financial services (25.7 miles)
Built in 2010, the 38-unit asset offers relatively modern systems compared with older regional stock, potentially moderating near-term capital needs while allowing selective upgrades to sharpen rent positioning. High neighborhood occupancy and a large share of renter-occupied units indicate depth of demand and support for steady leasing, while elevated ownership costs in the area reinforce reliance on rental housing. According to CRE market data from WDSuite, sustained growth within the 3-mile radius—both historical and projected—expands the prospective tenant base and supports occupancy stability.
Key considerations include limited neighborhood amenities and measured affordability pressure suggested by rent-to-income dynamics. Execution levers are likely to revolve around operational efficiency, renewal management, and targeted value-add to capture demand from growing households and commuters to nearby employment hubs.
- Strong neighborhood occupancy and high renter concentration support demand depth
- Elevated home values sustain rental reliance and can aid pricing discipline
- 2010 vintage suggests modest near-term capex with selective value-add upside
- Risks: limited immediate amenities and affordability pressure require careful lease management