| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 44th | Best |
| Demographics | 58th | Best |
| Amenities | 45th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 109 S Poplar St, Jefferson, OH, 44047, US |
| Region / Metro | Jefferson |
| Year of Construction | 1975 |
| Units | 36 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
109 S Poplar St Jefferson, OH Multifamily Investment
Neighborhood occupancy sits in the mid-90s, suggesting steady tenancy for well-managed assets in this rural Ashtabula submarket, according to WDSuite’s CRE market data.
Jefferson is a rural neighborhood within the Ashtabula, OH metro that ranks at the top of 47 metro neighborhoods on WDSuite’s composite neighborhood rating (A+). For multifamily investors, this signals durable fundamentals relative to the local peer set, with occupancy in the neighborhood around the mid-90% range and a renter-occupied share near one-quarter of units—indicating a smaller but stable tenant base.
Within a 3-mile radius, household counts have risen in recent years and are projected to increase further by 2028, while average household size trends lower. That combination typically expands the renter pool and supports leasing stability, even as population growth remains modest. School quality trends modestly above the national median, which can help retention for family-oriented product, while amenities are limited but serviceable for a rural location (grocery, pharmacies, and a few cafés and restaurants present).
The property’s 1975 vintage is newer than the neighborhood’s average construction year (1961), suggesting relative competitiveness versus older housing stock. Investors should still plan for aging systems and common-area upgrades to meet contemporary expectations and sustain occupancy.
Ownership costs in the area are comparatively accessible by national standards, which can create competition from entry-level ownership. At the same time, neighborhood rent-to-income levels sit in a favorable range for renters, helping manage affordability pressure and supporting lease retention for well-positioned units.
Safety indicators are mixed when viewed against broader benchmarks. The neighborhood’s overall crime composite trends below the national median, yet violent offense rates track in the safer half of neighborhoods nationwide, and property offense rates are also positioned slightly better than the national midpoint. Recent year-over-year offense rate shifts show volatility, so investors should review multi-year trends and engage local property management to calibrate security, lighting, and access controls appropriately.
Regional employment anchors within commuting range include Progressive and Parker-Hannifin corporate campuses, as well as Norfolk Southern and a Home Depot distribution node, supporting renter demand among commuting professionals and logistics workers.
- Progressive Greens Building — corporate offices (36.3 miles)
- Progressive Discovery Building — corporate offices (36.6 miles)
- Progressive — corporate offices (37.3 miles) — HQ
- Parker-Hannifin — corporate offices (38.6 miles) — HQ
- Norfolk Southern — corporate offices (40.1 miles)
109 S Poplar St offers a 1975-vintage multifamily asset in a rural A+–rated neighborhood that sits at the top of 47 metro neighborhoods on WDSuite’s composite. Neighborhood occupancy in the mid-90% range and a measurable commuter base to large corporate employers point to stable demand. Based on CRE market data from WDSuite, rent-to-income levels are supportive, which can aid retention while leaving selective room for value-focused rent optimization tied to renovations.
Investor considerations include a relatively small renter-occupied share locally, which makes targeted marketing and product fit important, and safety metrics that warrant standard operating diligence due to recent volatility. The 1975 vintage is competitive versus older area stock, yet planning for mechanical modernization and cosmetic upgrades can help sustain occupancy and capture incremental rent.
- A+ neighborhood standing and mid-90% area occupancy support leasing stability
- 1975 vintage offers value-add path vs. older local stock with targeted CapEx
- Commutable access to major employers (Progressive, Parker-Hannifin) underpins demand
- Favorable rent-to-income dynamics can aid retention and measured rent growth
- Risks: smaller renter base and mixed safety signals require focused leasing and management