| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 88th | Best |
| Demographics | 5th | Poor |
| Amenities | 11th | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 15 Zenta Rd, Monroe, NY, 10950, US |
| Region / Metro | Monroe |
| Year of Construction | 1987 |
| Units | 44 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
15 Zenta Rd Monroe NY Multifamily Investment
In a high-cost ownership market, neighborhood occupancy near 97% points to steady renter demand, according to WDSuite s CRE market data.
15 Zenta Rd sits within Monroe in the Poughkeepsie Newburgh Middletown metro, where the immediate neighborhood trends toward strong renter demand: the renter-occupied share ranks 6 out of 221 metro neighborhoods, placing it in the top quartile nationally. For investors, a deeper renter base often supports leasing velocity and renewal potential.
Neighborhood occupancy is competitive among Poughkeepsie Newburgh Middletown neighborhoods and above national averages, suggesting a relatively tight rental market that can underpin cash flow resilience through cycles. At the same time, elevated home values in this area signal a high-cost ownership landscape, which typically sustains reliance on rental housing and can support pricing power when managed thoughtfully.
Within a 3-mile radius, demographics show notable population and household growth over the last five years, with forecasts pointing to continued expansion through 2028. This broadens the tenant base and supports occupancy stability; household sizes are expected to moderate, which can shift demand toward a wider mix of unit types and sustained absorption of multifamily inventory, based on WDSuite s multifamily property research.
Amenity density immediately around the neighborhood is limited outside of dining options, implying many residents may rely on short drives for daily needs. For multifamily operations, this typically places greater emphasis on on-site conveniences, parking, and property management that reinforces resident retention.
Vintage and value-add implications: The property was built in 1987, while the neighborhood skews newer on average. The older vintage can translate into targeted capital planning (systems, interiors, common areas) and value-add potential to improve competitive positioning against 2000s-era stock.
Affordability and rent dynamics: Neighborhood rent-to-income levels indicate some affordability pressure for renters. In practice, this favors proactive lease management and amenity-for-value strategies to sustain retention while maintaining revenue growth.
Comparable neighborhood safety metrics are not available in WDSuite s dataset for this location. Investors should assess safety using multiple sources and time horizons, focusing on neighborhood-level trends across the broader Poughkeepsie Newburgh Middletown region rather than block-level snapshots.
When underwriting, consider how lighting, access control, and on-site presence can support resident experience and retention regardless of the surrounding trend, and benchmark against peer neighborhoods in the same metro for a consistent comparison set.
Regional corporate offices within commuting distance help anchor employment and support renter demand; the closest nodes include Ascena Retail Group, Becton Dickinson, Pepsico, Toys "R" Us, and Prudential Financial.
- Ascena Retail Group corporate offices (18.3 miles) HQ
- Becton Dickinson corporate offices (22.4 miles) HQ
- Pepsico corporate offices (25.2 miles)
- Toys "R" Us corporate offices (25.2 miles) HQ
- Prudential Financial corporate offices (25.7 miles)
This 44-unit, 1987-vintage asset is positioned in a neighborhood with competitive occupancy and a deep renter base, per WDSuite s CRE market data. The area s high-cost ownership landscape tends to reinforce reliance on rentals, while household and population growth within a 3-mile radius expands the tenant pool and supports leasing stability.
Given the older vintage relative to nearby stock, a focused value-add plan (systems refresh, interiors, and curb appeal) can sharpen competitiveness against newer assets. Amenity scarcity nearby means on-site features and operations matter more for retention, and rent-to-income levels suggest careful pricing, renewal strategies, and expense discipline to balance revenue growth with resident stability.
- Competitive neighborhood occupancy and deep renter concentration support leasing durability.
- High-cost ownership context bolsters multifamily demand and potential pricing power.
- 1987 vintage offers clear value-add pathways to outcompete newer local stock.
- Risk: amenity-light surroundings and renter affordability pressure require disciplined lease and asset management.