| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 49th | Best |
| Demographics | 21st | Poor |
| Amenities | 26th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1 Evergreen Dr, Monticello, NY, 12701, US |
| Region / Metro | Monticello |
| Year of Construction | 1975 |
| Units | 77 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
1 Evergreen Dr, Monticello NY Multifamily Opportunity
High renter concentration in the surrounding neighborhood supports a deep tenant base, according to WDSuite’s CRE market data, though investors should underwrite to local occupancy norms.
Located in Monticello’s inner-suburb setting, the property benefits from everyday conveniences without urban pricing. Neighborhood amenities skew toward open space and dining access, with parks density competitive nationally and restaurant options relatively stronger than many peer areas. In contrast, limited grocery, pharmacy, cafe, and childcare density suggests residents rely on a smaller set of local providers or short drives to nearby corridors.
The neighborhood reports an occupancy rate measured for the neighborhood that is below the metro median, indicating that lease-up and renewal strategies should be calibrated to local demand patterns rather than broader regional averages. However, the share of housing units that are renter-occupied is high (measured for the neighborhood), reinforcing the depth of the renter pool and supporting ongoing multifamily demand.
Within a 3-mile radius, demographic indicators trend below national medians, which can translate into a more value-sensitive renter base. For investors, this typically means focusing on durable demand drivers—commute convenience, functional unit layouts, and reliable property operations—over luxury positioning to sustain occupancy and retention.
The building’s 1975 vintage is newer than much of the surrounding housing stock. That positioning can offer a competitive edge over older properties while still presenting practical opportunities for targeted renovations (systems, interiors, and common areas) to enhance rentability and reduce long-run capex variability.
Comparable safety data at the neighborhood level is not available in this dataset. Investors commonly benchmark site-level experience and property operations against county and metro trends, supplementing with third-party sources and local law enforcement reports to understand directional patterns over time.
This 77-unit, 1975-vintage asset aligns with workforce demand in an inner-suburb location where the share of renter-occupied housing is elevated, supporting a larger tenant base and potential leasing stability. Neighborhood occupancy (measured for the neighborhood) trends below the metro median, so underwriting should emphasize proven operations, competitive pricing, and incremental upgrades that improve retention and absorption. According to commercial real estate analysis from WDSuite, local amenities lean toward parks and dining access, which complements a practical, livability-driven positioning.
The vintage relative to the area’s older housing stock creates a value-add path through targeted modernization rather than full repositioning. With incomes in the area trending below national norms and rents closer to mid-range levels, effective management—metered improvements, disciplined renewals, and expense control—can help balance affordability pressures with occupancy stability.
- Elevated renter-occupied share supports a deeper tenant pool and leasing velocity.
- 1975 vintage is newer than much of the area stock, enabling targeted value-add without full repositioning.
- Amenity mix favors parks and dining access, aligning with livability-driven demand.
- Risk: Neighborhood occupancy sits below metro norms—underwrite to local demand and focus on retention.
- Risk: Income levels below national medians may heighten affordability pressure; emphasize efficient operations and measured upgrades.