| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 34th | Good |
| Demographics | 68th | Best |
| Amenities | 30th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 400 S Mumaugh Rd, Lima, OH, 45804, US |
| Region / Metro | Lima |
| Year of Construction | 1975 |
| Units | 60 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
400 S Mumaugh Rd, Lima OH — Multifamily Investment Profile
Neighborhood occupancy trends are above the metro median with strong school quality, pointing to stable renter demand according to WDSuite’s CRE market data.
This Lima neighborhood rates competitive among Lima neighborhoods (ranked 8 of 45) with an A- neighborhood rating, supported by strong school quality and steady housing performance, per WDSuite. Neighborhood occupancy is above the metro median (ranked 12 of 45) and sits in the top quintile nationally, which tends to support leasing stability for multifamily assets nearby.
Schools are a standout: the average school rating ranks 1 of 45 in the metro and is in the 96th percentile nationally. For investors, stronger school systems can underpin family-oriented renter retention and reduce turnover risk relative to metro peers.
Local amenity density is limited (few cafés, groceries, or pharmacies), though parks access ranks 6 of 45 and sits well above many peer areas. Restaurants are present at competitive levels for the metro. Given the rural neighborhood type, residents may rely on short drives for daily needs; investors should calibrate marketing toward convenience to employment and schools rather than walkable retail.
Home values are lower than many U.S. neighborhoods, and median contract rents in the area trend on the accessible side for the region. The neighborhood s rent-to-income ratio is favorable (high national percentile), which can support lease retention and measured pricing power for well-managed assets. However, the share of renter-occupied housing in the immediate neighborhood is comparatively low, indicating a thinner local renter base and the need to draw from a wider radius.
Demographics aggregated within a 3-mile radius show recent population softness with relatively small household sizes. Projections point to stabilization and an increase in households through the forecast period, which can modestly expand the nearby tenant base; operators should monitor this trend as it develops.
Relative to the metro, this neighborhood s crime rank sits near the middle of the pack (22 of 45). In national context, the area is modestly safer than average (59th percentile), according to WDSuite s CRE market data.
Property and violent offense rates have improved year over year, with declines that place the neighborhood above many metro peers and solidly above national medians for trend improvement. Investors can frame this as a supportive backdrop for tenant retention while continuing standard risk management and security practices typical for workforce-oriented assets.
Regional energy and corporate services provide a stable employment base within commuting distance, supporting renter demand and lease retention for workforce housing, including employees tied to Marathon Petroleum.
- Marathon Petroleum energy & corporate HQ offices (28.9 miles) HQ
Built in 1975, this 60-unit asset is older than the neighborhood average vintage, suggesting clear value-add potential through unit renovations, systems upgrades, and curb-appeal improvements. Neighborhood occupancy trends register above the metro median and in a strong national percentile, which can underpin stable collections when paired with disciplined operations. Based on CRE market data from WDSuite, favorable rent-to-income dynamics indicate manageable affordability pressure and support for retention, while excellent school quality enhances family renter stickiness.
Counterbalancing strengths, the immediate renter concentration is lower than many submarkets and local amenities are sparse, so leasing strategies should target a broader commuter shed and emphasize convenience to jobs and schools. Demographics within a 3-mile radius show recent softness but indications of household growth ahead, pointing to a cautiously constructive outlook for the tenant base.
- Above-metro neighborhood occupancy supports income stability
- 1975 vintage offers value-add and modernization upside
- Favorable rent-to-income profile aids retention and disciplined rent growth
- Top-ranked schools enhance long-term renter demand
- Risks: thinner local renter base and limited walkable amenities require broader demand capture