| 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 | 62 |
| Transaction Date | 2010-05-05 |
| Transaction Price | $525,000 |
| Buyer | CW & RM PROPERTIES INC |
| Seller | GENEVA APTS HOLDINGS COMPANY LLC |
125 Austin Rd, Geneva OH Multifamily Investment
Neighborhood occupancy is in the top quartile among 47 Ashtabula metro neighborhoods, supporting leasing stability for this submarket according to WDSuite s CRE market data. Figures referenced reflect neighborhood conditions, not property-specific performance.
Located in a rural pocket of Geneva rated A within the metro, the area posts an occupancy level that ranks 8th of 47 Ashtabula neighborhoods, indicating above-median stability across nearby assets. With roughly three in ten housing units renter-occupied, the renter concentration supports a defined tenant base while keeping turnover management within typical regional norms. These are neighborhood statistics, not property-level metrics.
Construction patterns skew older locally (average year 1951 across the neighborhood, 26th of 47), while this asset s 1972 vintage is newer than much of the nearby stock a relative competitive point versus pre-1960 product. Investors should still anticipate system updates or selective modernization to sustain positioning against refreshed alternatives.
Amenities are modest but functional for daily needs: grocery and pharmacy access rank 8th and 3rd of 47 neighborhoods, respectively, while parks and cafes are limited. Average school ratings sit near the national middle, suggesting family appeal comparable to broader U.S. benchmarks without being a primary demand driver. Rents in the neighborhood benchmark toward the lower side of national ranges, and the rent-to-income profile around the area indicates manageable affordability pressure supportive of resident retention and steady renewal negotiations.
Within a 3-mile radius, recent population trends have been flat-to-soft while incomes have risen, and projections show a modest population edge-down alongside an increase in household count a pattern consistent with smaller household sizes. For investors, that mix typically preserves a broad tenant base for smaller unit types and supports occupancy stability, even if headline population growth is not a tailwind.
Relative to the Ashtabula metro, the neighborhood s crime rank is 44th of 47, indicating it compares favorably to most local neighborhoods. Nationally, the area sits below the midpoint for overall safety (around the 39th percentile), with property-related offenses comparing better than violent categories, which are closer to the national middle. Year-over-year changes suggest some volatility, so underwriting should consider trend variability rather than a single data point.
Regional employment access is driven by large corporate offices within commuting distance, helping support workforce renter demand and retention. Key draws include Progressive facilities, Parker-Hannifin, and a major Home Depot distribution node.
- Progressive Greens Building — corporate offices (31.3 miles)
- Progressive Discovery Building — corporate offices (31.9 miles)
- Progressive — corporate offices (32.7 miles) — HQ
- Parker-Hannifin — diversified industrials (34.4 miles) — HQ
- Home Depot Distribution Center — distribution & logistics (40.4 miles)
This 62-unit, 1972-vintage asset competes against an older neighborhood baseline, providing an edge over pre-1960 stock while leaving room for targeted renovations to enhance rent positioning. Neighborhood occupancy ranks 8th of 47 locally, and rent-to-income conditions suggest manageable affordability pressure a setup that can support retention and steady occupancy through cycles, based on CRE market data from WDSuite.
Within a 3-mile radius, population growth is muted even as household counts are projected to rise, pointing to smaller household sizes and a diversified renter pool over time. Home values are relatively accessible in context, which can temper pricing power but also sustain lease stability as multifamily remains a practical option versus ownership for many households.
- Newer-than-neighborhood vintage (1972) allows competitive positioning versus older local stock, with value-add potential through selective modernization.
- Neighborhood occupancy ranks 8th of 47 in the metro, supporting stable leasing and renewal potential.
- Rent-to-income dynamics indicate manageable affordability pressure, aiding retention and cash flow consistency.
- Risks: modest regional amenities, nationally middle-tier safety readings with some volatility, and accessible ownership options that may cap near-term pricing power.