| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 50th | Good |
| Demographics | 44th | Poor |
| Amenities | 53rd | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 357 W Oreilly St, Kingston, NY, 12401, US |
| Region / Metro | Kingston |
| Year of Construction | 1989 |
| Units | 84 |
| Transaction Date | 2000-09-21 |
| Transaction Price | $67,000 |
| Buyer | BAILEY DOROTHY M |
| Seller | SCOVILLE SHANE |
357 W Oreilly St Kingston NY Multifamily Investment
Renter concentration in an Inner Suburb setting supports a deeper tenant base and steady leasing potential, according to WDSuite’s CRE market data.
This Kingston neighborhood carries an A- neighborhood rating and ranks 18 out of 86 locally, placing it in the top quartile among metro neighborhoods. For investors, that signals balanced fundamentals with durable renter demand rather than a purely cyclical story.
Daily-life amenities are a relative strength: parks and pharmacies sit around the 90th percentile nationally, and grocery access is above average (roughly three-quarters of U.S. neighborhoods). Restaurant density trends moderately above national norms, while cafes and childcare are comparatively sparse. These dynamics point to solid convenience for residents with a few experiential gaps that owners can address through on-site programming and services.
Neighborhood-level rent trends show mid-to-upper tier pricing regionally with multi-year growth, and the rent-to-income profile suggests manageable affordability pressure that can support measured rent increases with attention to retention. Importantly, a majority of neighborhood housing units are renter-occupied, indicating a deeper pool of potential tenants and support for occupancy stability.
Within a 3-mile radius, demographics indicate recent population growth and a larger household count alongside slightly smaller household sizes. Looking ahead, forecasts call for additional population and household gains over the next five years, which implies a larger tenant base and continued support for multifamily absorption. Median school ratings in the area trend below national averages, which can influence unit mix and marketing strategy toward adult households and workforce renters.
Vintage matters here: the property’s 1989 construction is newer than much of the surrounding housing stock, which skews early-20th century. That relative youth can bolster competitive positioning versus older comparables, though systems and common areas may still benefit from targeted modernization to drive premiums and extend hold-period resilience.
Safety indicators are mixed. Compared with the Kingston metro (86 neighborhoods), local crime ranks toward the higher-crime end, while national positioning is closer to the middle of the pack. For underwriting, this argues for practical measures—lighting, access control, and strong property management—rather than assuming outperformance from broader trends.
Trend-wise, violent incidents have declined materially year over year (a positive direction), and property-related offenses show recent improvement as well. These directional shifts can support resident retention when paired with visible on-site safety practices, but investors should still benchmark insurance, security line items, and renewal assumptions conservatively.
- Praxair — industrial gases (44.1 miles) — HQ
Regional employers expand the commuter shed for residents, supporting leasing from workers with longer but manageable drives; the list below reflects the nearest notable corporate presence referenced here.
357 W Oreilly St offers scale at 84 units in a Kingston neighborhood that sits in the top quartile locally, with strong renter concentration and amenity access that supports everyday convenience. According to CRE market data from WDSuite, neighborhood occupancy has trended up over the past five years, and rents sit above national midpoints with a rent-to-income profile that points to manageable affordability pressure—conditions that can support steady pricing power when paired with resident retention strategies.
Built in 1989, the asset is newer than much of the surrounding housing stock, positioning it competitively versus older comparables while still offering value-add upside through contemporary finishes and efficiency upgrades. Within a 3-mile radius, recent population and household growth—and forecasts for further gains—suggest a larger tenant base ahead, which can reinforce occupancy stability and leasing velocity. Key risks include local safety positioning and below-average school ratings; both can be mitigated with targeted security measures, unit mix calibration, and service-forward management.
- Top-quartile neighborhood standing in the Kingston metro with solid amenity access
- Renter-occupied concentration supports depth of tenant demand and lease-up
- 1989 vintage offers competitive positioning plus targeted value-add potential
- 3-mile area shows population and household growth, reinforcing occupancy stability
- Risks: local safety positioning and school ratings require prudent management and underwriting