| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 49th | Best |
| Demographics | 21st | Poor |
| Amenities | 26th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 81 Harmony Ln, Monticello, NY, 12701, US |
| Region / Metro | Monticello |
| Year of Construction | 2004 |
| Units | 56 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
81 Harmony Ln Monticello Multifamily with Stable Renter Demand
Strong renter-occupied concentration in the neighborhood supports a consistent tenant base, according to WDSuite s CRE market data, while nearby parks and dining nodes add day-to-day livability for workforce housing.
The property s 2004 vintage competes well against an older neighborhood housing stock (average year built trails by decades), suggesting fewer near-term functional obsolescence issues relative to many nearby assets. Investors should still plan for mid-life system updates and targeted renovations to keep finishes competitive.
Neighborhood occupancy trends trail national norms, indicating that lease-up and renewal management will matter. Counterbalancing that, the area s renter-occupied share is high, pointing to a deep tenant pool and steady multifamily demand. Median asking rents sit around the middle of the national distribution, which can aid leasing velocity for well-managed product.
Local amenity access is mixed. Dining density ranks competitively within Sullivan County (ranked near the top among 62 metro neighborhoods), and park access is a relative strength, while daily-needs retail like groceries, pharmacies, and cafes is sparse. This pattern suggests residents may rely on car trips to larger retail corridors; properties that provide on-site conveniences or partnerships with delivery services can see stronger retention.
Demographic signals aggregated within a 3-mile radius indicate a smaller, workforce-oriented renter base versus national norms, based on income and educational attainment patterns reported by WDSuite. For owners, this points to demand for practical unit mixes and value-driven amenities, with attention to affordability pressure that can influence renewals and pricing power.
WDSuite s coverage for neighborhood-level safety metrics is limited for this location, so comparative crime ranks and national percentiles are not available. Investors should supplement with local law enforcement trend reports and municipal data to gauge directional changes and block-by-block dynamics.
Given the absence of validated rank and percentile data, prudent underwriting might include sensitivity around security measures, lighting, and common-area visibility, as well as collaboration with residents to monitor conditions over time.
WDSuite does not provide sufficient verified employer distance data for this address to list specific anchors. Investors can expect renter demand to reflect regional healthcare, education, public sector, hospitality, and service employment accessible by car, and should confirm commute patterns during diligence.
Built in 2004, this 56-unit asset in Monticello stands newer than much of the surrounding housing, offering competitive positioning versus older stock while approaching mid-life capital needs. A high share of renter-occupied housing in the neighborhood supports depth of the tenant base, and median asking rents align near the national middle, helping sustain leasing for well-managed, value-forward units.
According to CRE market data from WDSuite, neighborhood occupancy trends are softer than national benchmarks, so performance hinges on operations: targeted renovations, thoughtful unit mix, and retention programs. Amenity access skews toward parks and dining with fewer daily-needs retailers nearby, suggesting on-site convenience offerings and parking remain important for resident satisfaction and lease stability.
- 2004 vintage competes well against older local stock with manageable mid-life capital planning.
- High renter-occupied share supports a deep tenant pool and steady multifamily demand.
- Median asking rents near national mid-range can aid leasing for value-driven product.
- Parks and dining nearby enhance livability; limited daily-needs retail increases value of on-site conveniences.
- Risk: neighborhood occupancy trails national norms requires strong renewal management and targeted renovations to sustain performance.