| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 43rd | Best |
| Demographics | 52nd | Best |
| Amenities | 38th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 125 Austin Rd, Geneva, OH, 44041, US |
| Region / Metro | Geneva |
| Year of Construction | 1972 |
| Units | 48 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
125 Austin Rd Geneva OH Multifamily Investment
Neighborhood occupancy trends are solid with above-average stability and manageable affordability pressure, according to WDSuite’s CRE market data. The 48-unit, 1972 vintage offers scale for professional management in a smaller Ohio market.
Geneva’s neighborhood context is rated A and ranks 3rd among 47 Ashtabula metro neighborhoods, placing it in the top quartile locally for overall fundamentals. The area skews rural with steady renter demand and an occupancy level that is competitive among metro peers while also tracking above national norms.
Daily conveniences are present though limited: grocery and pharmacy access rank above the metro median, while cafés and parks are sparse. School ratings sit near the national middle of the pack. This mix suggests resident appeal driven more by practical necessities than lifestyle amenities, which can support retention at workforce price points.
Renter-occupied housing represents roughly one-third of units within a 3-mile radius, indicating a meaningful tenant base without over-concentration. Median contract rents calibrate to an estimated rent-to-income ratio near the mid-range for the U.S., supporting lease stability and measured pricing power. In a market with elevated home values relative to local incomes only in a moderate sense, ownership is attainable for some households, so multifamily assets may see occasional competition from entry-level ownership rather than chronic pricing pressure; disciplined lease management remains important for retention.
Within a 3-mile radius, recent years show slight population softness but improving income profiles, and forecasts indicate an increase in households alongside smaller household sizes. That shift can expand the renter pool and support occupancy even if population is flat to modestly lower. For investors conducting multifamily property research, these dynamics point to steady, needs-based demand rather than amenity-led leasing.
Safety indicators show a mixed profile. Compared with Ashtabula metro neighborhoods, the area ranks below the metro average on overall crime (44th of 47), warranting prudent security and asset management practices. Nationally, violent offense metrics trend slightly better than mid-range, and property offense levels are comparatively favorable, placing the neighborhood above many areas nationwide. Taken together, investors should underwrite with conservative assumptions while noting that national comparisons are not as weak as the metro rank suggests.
Regional employment is anchored by insurance, industrial manufacturing, and distribution nodes within commuting distance, which can support renter demand and retention at workforce price points. Key nearby employers include Progressive offices, Progressive’s headquarters, Parker-Hannifin’s headquarters, and a Home Depot distribution facility.
- Progressive Greens Building — insurance offices (31.2 miles)
- Progressive Discovery Building — insurance offices (31.8 miles)
- Progressive — insurance (32.6 miles) — HQ
- Parker-Hannifin — industrial manufacturing (34.3 miles) — HQ
- Home Depot Distribution Center — distribution & logistics (40.2 miles)
125 Austin Rd offers 48 units in a rural A-rated Geneva neighborhood that ranks 3rd of 47 within the Ashtabula metro. Neighborhood occupancy is competitive among metro peers and above national norms, supporting income stability. The 1972 construction is newer than the neighborhood’s older average stock, positioning the asset as relatively competitive versus pre-1960s properties, though investors should plan for selective systems modernization and common-area refresh to sustain renter appeal. According to CRE market data from WDSuite, renter concentration in the surrounding 3-mile area is meaningful without being saturated, and rent-to-income levels suggest manageable affordability pressure.
Forward-looking demographics within a 3-mile radius point to an increase in households and smaller household sizes, which can broaden the tenant base even if population growth remains modest. Practical conveniences (grocery, pharmacy) support day-to-day livability despite limited café and park density. Ownership costs are not extreme for the region, so retention strategies and targeted upgrades will matter to stave off competition from entry-level ownership.
- Competitive neighborhood standing (top quartile among 47 metro neighborhoods) and above-national occupancy support
- 1972 vintage provides relative edge versus older stock, with value-add via modernization
- Household growth and smaller household sizes within 3 miles can expand the renter pool
- Risks: limited lifestyle amenities, below-metro safety ranking, and competition from attainable ownership