| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 43rd | Poor |
| Demographics | 50th | Fair |
| Amenities | 0th | Poor |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 105 N Montgomery St, Walden, NY, 12586, US |
| Region / Metro | Walden |
| Year of Construction | 2006 |
| Units | 24 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
105 N Montgomery St, Walden NY Multifamily Investment
Newer construction in an older housing area suggests competitive positioning and manageable capital planning, according to WDSuite’s CRE market data. Household growth nearby supports renter demand and occupancy stability over time.
Walden’s neighborhood context skews residential and auto-oriented. Amenity density ranks near the bottom among 221 metro neighborhoods, indicating limited walkable retail and services; investors should underwrite convenience primarily via short drives rather than on-foot access.
The housing stock in the surrounding neighborhood is older on average (early-20th-century vintage ranks above the metro median age when compared with 221 neighborhoods). By contrast, a 2006 asset offers relative competitiveness versus much of the local inventory, while still warranting routine system updates given its age.
Neighborhood occupancy is below the metro median (ranked in the lower half among 221 neighborhoods), which points to the importance of disciplined leasing and asset-specific differentiation. However, within a 3-mile radius, population has grown in recent years and households expanded meaningfully, signaling a larger tenant base and potential support for rent roll durability.
Tenure patterns show a moderate renter-occupied share at the neighborhood level (above the national median by percentile), implying viable depth of demand without excessive reliance on transient renters. Within 3 miles, the renter pool is projected to expand further by 2028, which can bolster absorption and reduce downtime between turns.
Ownership costs in the neighborhood sit in the upper half nationally, which tends to sustain reliance on multifamily rentals and can aid lease retention. Current rent-to-income levels trend favorable in WDSuite’s data, supporting pricing power management while monitoring affordability pressure as leases renew.
Comparable neighborhood crime statistics were not available in WDSuite’s dataset for this location. Investors typically review multi-year trends from public sources at the city and county level to contextualize safety and to inform insurance, security, and resident-experience planning.
Given the absence of ranked crime metrics, use a comparative approach: evaluate trends versus the broader Orange County and the Poughkeepsie–Newburgh–Middletown metro, consider property-level incident history, and incorporate site design elements (lighting, access control) into underwriting as appropriate.
Regional employment is diversified across corporate offices within commuting range, which can support renter demand and retention through steady white-collar payrolls. Key employers include Ascena Retail Group, Praxair, PepsiCo, Becton Dickinson, and IBM.
- Ascena Retail Group — corporate offices (34.1 miles) — HQ
- Praxair — corporate offices (36.6 miles) — HQ
- PepsiCo — corporate offices (38.0 miles)
- Becton Dickinson — corporate offices (38.1 miles) — HQ
- IBM — corporate offices (40.2 miles) — HQ
Built in 2006, this 24-unit property offers a newer vintage relative to much of the surrounding housing stock, which is predominantly early-20th century. That positioning can help leasing and retention versus older comparables, while prudent capital plans should account for mid-life system updates and selective renovations to refresh finishes.
Based on CRE market data from WDSuite, the immediate neighborhood’s occupancy trends trail the metro median, reinforcing the need for hands-on leasing and targeted amenity emphasis. Even so, within a 3-mile radius, recent population growth and a notable increase in households point to renter pool expansion, and neighborhood-level home values in the upper national half suggest a high-cost ownership market that can sustain multifamily demand. Rent-to-income levels appear manageable today, though forecast rent growth warrants active lease management to mitigate affordability pressure.
- 2006 vintage offers competitive positioning versus older neighborhood stock, with focused capex for mid-life systems and interiors.
- Expanding 3-mile household base supports tenant demand, absorption, and occupancy stability over time.
- Ownership costs in the upper national half reinforce reliance on rentals, aiding lease retention and pricing power.
- Risk: Neighborhood occupancy ranks below the metro median, requiring disciplined leasing and property differentiation.
- Risk: Forecast rent growth could raise affordability pressure; active renewals and revenue management are important.