| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 51st | Good |
| Demographics | 41st | Poor |
| Amenities | 73rd | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 101 Oneil St, Kingston, NY, 12401, US |
| Region / Metro | Kingston |
| Year of Construction | 2000 |
| Units | 40 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
101 Oneil St Kingston Multifamily Investment Opportunity
High renter concentration and strong daily-needs amenities in the neighborhood point to durable leasing fundamentals, according to WDSuite’s CRE market data.
Located in Kingston’s Inner Suburb, the property benefits from a neighborhood rated A and ranked 7 out of 86 in the metro — placing it in the top quartile among metro neighborhoods. Dining and grocery access are clear strengths, with restaurants ranked 1st and grocery stores 2nd among 86 metro neighborhoods, both well above national norms. This mix supports resident convenience and can aid lease retention.
The area shows a high share of renter-occupied housing (ranked 7 of 86), indicating a deep tenant base and supporting multifamily demand. Neighborhood occupancy sits above the metro median, offering a reasonable backdrop for stabilized operations while still requiring active leasing management.
Within a 3-mile radius, recent population growth and an increase in households point to a gradually expanding renter pool. Projections through 2028 indicate further household growth alongside smaller average household sizes, which typically supports demand for apartment product and helps sustain occupancy. These dynamics, based on CRE market data from WDSuite, favor workforce and market-rate positioning.
Home values are near the national middle locally, yet the value-to-income ratio is elevated versus national peers, suggesting a high-cost ownership market relative to local incomes — a setup that can reinforce reliance on rental housing and support pricing power. Neighborhood rents trend near national medians, helping manage affordability pressure and potential retention risk for existing tenants.
Vintage is a differentiator: the neighborhood’s average construction year skews early-20th century, while this asset’s 2000 construction should compete well against older stock. That positioning can limit near-term capital needs versus prewar assets, though selective upgrades may still be warranted for modernization and revenue management.
Safety indicators for the neighborhood track below national averages, with ranks near the lower end of Kingston’s 86 neighborhoods and national percentiles in the lower third. This context suggests investors should plan for standard safety-oriented property operations, resident engagement, and lighting/camera strategies to support leasing stability.
Recent data also shows a modest uptick in reported offenses over the past year. Trends should be monitored alongside comparable Kingston submarkets to calibrate staffing, security measures, and expense assumptions.
Built in 2000 with 40 units, the property stands out against a neighborhood dominated by older inventory, offering competitive positioning versus prewar stock while allowing targeted value-add to modernize finishes and common areas. The surrounding area ranks in the top quartile among 86 metro neighborhoods and features strong daily-needs amenity density. A high renter-occupied share supports a deep tenant base, and neighborhood occupancy runs above the metro median — constructive for income stability with prudent leasing oversight, based on commercial real estate analysis from WDSuite.
Within a 3-mile radius, population has inched higher and households have expanded, with forecasts calling for additional household growth and smaller average household sizes by 2028. Ownership costs run relatively high versus local incomes, which tends to sustain rental demand, while neighborhood rents sit near national medians — a mix that can support retention and steady absorption.
- 2000 vintage competes well versus older neighborhood stock with targeted modernization potential
- Top-quartile neighborhood standing in the Kingston metro with strong dining and grocery access
- High renter-occupied share and above-metro-median neighborhood occupancy support demand depth
- 3-mile outlook points to household growth and smaller household sizes, supporting rental demand
- Risks: below-average safety metrics and the need for active leasing and security management