| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 82nd | Best |
| Demographics | 2nd | Poor |
| Amenities | 15th | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 5 Zenta Rd, Monroe, NY, 10950, US |
| Region / Metro | Monroe |
| Year of Construction | 1984 |
| Units | 26 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
5 Zenta Rd Monroe NY Multifamily Investment
Neighborhood data points to a deep renter base and stable occupancy at the neighborhood level, according to WDSuite’s CRE market data, supporting steady demand for compact units in Monroe, NY. Elevated ownership costs in the area tend to keep households in rental housing longer, which can aid retention when managed thoughtfully.
The property sits in Monroe within the Poughkeepsie–Newburgh–Middletown metro, where neighborhood metrics signal durable renter demand. At the neighborhood level, occupancy is near the metro midpoint, and the renter-occupied share is high, indicating a broad tenant base that can help support leasing stability through cycles (per CRE market data from WDSuite). Median home values are elevated for the region, which generally sustains reliance on multifamily rentals and can support pricing power when units are well positioned.
Amenity access is mixed. Grocery availability is a relative strength (competitive among 221 metro neighborhoods and top quartile nationally), while dining, cafes, parks, and pharmacies are limited nearby. Investors should underwrite convenience accordingly and consider that residents may depend on a short drive for daily needs.
Vintage matters here: built in 1984, the asset is older than the neighborhood’s average construction year, which suggests attention to capital planning and potential value-add through systems upgrades and interior refreshes. This positioning can be advantageous if renovations align with local renter preferences and support rent premiums.
Within a 3-mile radius, demographics indicate a growing population and an expanding household base, with projections pointing to additional household growth over the next five years. This trend implies a larger tenant pool and supports occupancy stability. Reported rents in the surrounding area have increased over recent years and are projected to continue rising, which, if achieved, could enhance revenue; prudent underwriting should balance this with local rent-to-income dynamics.
Ownership remains a high-cost proposition locally, and the neighborhood’s value-to-income profile is among the highest in the metro. For investors, this typically reinforces multifamily demand and can aid lease retention, though it also raises the importance of monitoring affordability pressure and renewal strategies.
Comparable neighborhood safety metrics are not available in the current dataset. Investors may wish to review multiple sources, including local law enforcement summaries and municipal reports, to benchmark conditions against nearby Orange County neighborhoods and the broader Poughkeepsie–Newburgh–Middletown metro.
Regional employment anchors within commuting range include corporate offices across retail, healthcare products, food & beverage, and financial services. These employers support renter demand through steady white- and blue-collar jobs and reasonable drive-time access for Monroe residents.
- Ascena Retail Group — retail apparel HQ (18.4 miles) — HQ
- Becton Dickinson — medical technology HQ (22.5 miles) — HQ
- Pepsico — food & beverage offices (25.3 miles)
- Toys "R" Us — retail HQ (25.3 miles) — HQ
- Prudential Financial — financial services offices (25.8 miles)
This 26-unit, 1984-vintage asset offers exposure to a renter-heavy neighborhood where elevated ownership costs support demand for multifamily housing. Based on CRE market data from WDSuite, neighborhood occupancy sits around the metro midpoint while the renter-occupied share is comparatively high, indicating depth of tenant demand for well-managed units. Compact average unit sizes can serve cost-conscious households, helping maintain lease-up velocity if positioned with durable finishes and efficient layouts.
Demographic trends within a 3-mile radius show population and household growth, with additional expansion projected, suggesting a larger tenant base over the next five years. Rents in the surrounding area have risen and are forecast to increase further, which can support revenue growth; however, investors should balance this with observed rent-to-income levels and the submarket’s limited walkable amenities, emphasizing resident parking, on-site services, and renewal management. Given its older vintage relative to neighborhood stock, a focused CapEx plan and selective value-add improvements may enhance competitiveness and NOI durability.
- Renter-heavy neighborhood and elevated ownership costs support durable multifamily demand
- 1984 vintage offers value-add potential through systems and interior upgrades
- 3-mile population and household growth point to a larger tenant pool over time
- Surrounding rents have trended upward with further increases projected, supporting revenue upside
- Key risks: affordability pressure, limited walkable amenities, and aging building systems require active management