| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 45th | Poor |
| Demographics | 31st | Poor |
| Amenities | 79th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 208 E Main St, Port Jervis, NY, 12771, US |
| Region / Metro | Port Jervis |
| Year of Construction | 2002 |
| Units | 32 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
208 E Main St Port Jervis Multifamily Investment
Neighborhood occupancy has strengthened and renter concentration is elevated, according to WDSuite’s CRE market data, pointing to stable tenant demand for this 32-unit asset.
Located in Port Jervis within the Poughkeepsie–Newburgh–Middletown metro, the neighborhood rates A- and ranks competitive among metro peers (55 out of 221), signaling solid livability and steady renter appeal. The area’s housing stock is older on average, but this property’s 2002 construction stands out as newer than nearby product, which can bolster leasing competitiveness while keeping near-term capital plans more predictable.
Neighborhood occupancy is reported at 92.3% and has improved over five years, indicating resilient leasing conditions at the neighborhood level rather than the property itself. Renter-occupied housing accounts for a high share of units in the neighborhood (61.1% renter concentration), suggesting a deep tenant base for multifamily.
Within a 3-mile radius, population has grown in recent years, households have increased, and forecasts point to additional population growth and a larger household count over the next five years. These dynamics imply a broader renter pool and support for occupancy stability as new households form and existing households remain in the area.
Daily-life amenities are a relative strength. Neighborhood data show strong access to groceries, pharmacies, parks, and restaurants (nationally high percentiles), while cafés are less concentrated. For investors, this mix supports renter convenience and retention, especially for workforce-oriented tenants who prioritize proximity to essentials.
Safety indicators present a mixed but useful context for underwriting. Within the Poughkeepsie–Newburgh–Middletown metro, the neighborhood sits closer to the higher-incident side of the distribution (compared across 221 neighborhoods). At the national level, however, violent and property offense measures place the area in the top quartile for safety, indicating comparatively favorable conditions versus many neighborhoods nationwide. As always, property-level security, lighting, and tenant policies remain operational levers to manage risk.
Regional employers within commuting range support workforce housing demand and can aid leasing stability. Key names include Ascena Retail Group, Becton Dickinson, Toys "R" Us, Airgas Lincoln Park, and Avis Budget Group.
- Ascena Retail Group — corporate offices (33.3 miles) — HQ
- Becton Dickinson — medical technology corporate offices (34.5 miles) — HQ
- Toys "R" Us — corporate offices (34.6 miles) — HQ
- Airgas Lincoln Park — industrial gases corporate office (36.9 miles)
- Avis Budget Group — corporate offices (37.5 miles) — HQ
Built in 2002, the asset is materially newer than the neighborhood’s early-1900s housing stock, providing a competitive edge versus older comparables and potentially moderating near-term capex, though standard system updates and unit refreshes may still be prudent. At the neighborhood level, occupancy has improved and remains healthy, and the renter-occupied share is high, indicating depth in the tenant base. According to CRE market data from WDSuite, amenity access is a local strength (groceries, pharmacies, parks, restaurants), supporting retention and day-to-day convenience.
Within a 3-mile radius, recent population and household growth—and forecasts that point to further expansion—imply a larger renter pool over time, which can support occupancy stability. Ownership costs in the area are moderate in context, so multifamily may face some competition from entry-level ownership; however, rent-to-income levels suggest investors should manage affordability pressure through disciplined lease management rather than aggressive pushes.
- Newer 2002 vintage relative to nearby stock supports leasing competitiveness and defers major capital compared with older properties.
- Neighborhood occupancy has strengthened, and high renter concentration points to a deep tenant base.
- Strong everyday amenity access (groceries, pharmacies, parks, restaurants) can aid retention and leasing velocity.
- 3-mile population and household growth trends—plus forward projections—support long-term renter pool expansion.
- Risk: Moderate ownership accessibility and rent-to-income levels warrant careful pricing and renewal strategies.