| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 44th | Best |
| Demographics | 58th | Best |
| Amenities | 45th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 18 S Elm St, Jefferson, OH, 44047, US |
| Region / Metro | Jefferson |
| Year of Construction | 1973 |
| Units | 22 |
| Transaction Date | 1999-02-12 |
| Transaction Price | $365,000 |
| Buyer | ELMPLEX LLC |
| Seller | JAMM PROPERTIES LLC |
18 S Elm St Jefferson 22-Unit Multifamily Investment
Neighborhood occupancy is above the metro median and has trended stable, supporting income durability for a 22-unit asset, according to WDSuite's CRE market data.
Jefferson sits within the Ashtabula, OH metro and is rated A+ at the neighborhood level, ranking 1 out of 47 metro neighborhoods. That relative standing points to solid fundamentals for small multifamily, with occupancy levels in the neighborhood above the metro median and competitive nationally. Schools test slightly above the national median (average rating near 3 out of 5), which can aid family renter retention.
Livability is consistent with a rural setting: everyday services such as pharmacies and childcare track above national medians, while park access is limited. Dining and cafe density is modest but competitive for the area, aligning with workforce housing demand rather than destination retail. Compared with national peers, these amenity levels suggest practical convenience without a rent premium.
Renter-occupied share in the neighborhood is a little over one-quarter, indicating a moderate renter concentration that still provides depth for leasing while keeping competition from single-family ownership in view. Median contract rents and home values are below national medians, which supports lease retention but may temper near-term pricing power versus higher-cost metros.
Vintage context matters: the neighborhood's average construction year trends older (1960s). With a 1973 build, this asset is newer than the area's typical stock, which can help competitiveness versus older product, though planning for system updates and targeted renovation remains prudent over a multi-year hold.
Demographic statistics aggregated within a 3-mile radius show slight population softening in recent years alongside a notable increase in household count and smaller household sizes. This shift typically expands the renter pool for smaller formats and supports occupancy stability for well-managed, right-sized units.
Within the Ashtabula metro, this neighborhood ranks among the safer areas (ranked 45 out of 47 metro neighborhoods). Compared with neighborhoods nationwide, overall crime levels sit below the national median, while both violent and property offense rates benchmark somewhat better than national averages.
Recent year-over-year readings indicate volatility in reported incidents. Investors should monitor trend direction rather than single-period swings and consider standard operating measures (lighting, access control, resident screening) to maintain performance.
Regional employment is anchored by large insurance, industrial, and transportation employers within commuting range, supporting workforce renter demand and lease retention for Jefferson-based properties.
- Progressive Greens Building — insurance offices (36.6 miles)
- Progressive Discovery Building — insurance offices (37.0 miles)
- Progressive — insurance (37.7 miles) — HQ
- Parker-Hannifin — industrial manufacturer (38.9 miles) — HQ
- Norfolk Southern — rail transportation (40.3 miles)
This 22-unit, 1973-vintage property benefits from a neighborhood that sits at the top of the Ashtabula metro (1 of 47), where occupancy trends are above the metro median and rents remain relatively manageable for local incomes. According to CRE market data from WDSuite, the area's moderate renter concentration and below-national-median home values reinforce depth of demand while supporting retention for well-managed assets.
Relative to an older local stock profile, a 1973 build can compete effectively with targeted upgrades, while rural amenity levels suggest a practical, workforce-oriented renter base. Demographic data within a 3-mile radius indicate smaller household sizes and growth in household counts over the next several years, expanding the tenant base and supporting occupancy stability; risks include competition from ownership options, limited park amenities, and monitoring of crime trend volatility.
- Above-metro neighborhood occupancy supports income stability for a 22-unit asset
- Moderate renter concentration and practical amenities underpin steady leasing
- 1973 vintage offers competitive positioning versus older area stock with targeted upgrades
- 3-mile household growth and smaller household sizes expand the renter pool
- Risks: rural amenity limits, ownership competition, and crime trend variability warrant monitoring