| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 22nd | Poor |
| Demographics | 23rd | Poor |
| Amenities | 39th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1100 E Green St, Nelsonville, OH, 45764, US |
| Region / Metro | Nelsonville |
| Year of Construction | 1999 |
| Units | 96 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
1100 E Green St, Nelsonville OH Multifamily Investment
Renter concentration in the surrounding neighborhood is comparatively high while ownership remains accessible, suggesting a stable tenant base at attainable rents, according to WDSuite’s CRE market data. The 1999 vintage positions this asset as newer relative to much of the area’s housing stock, supporting competitive leasing versus older properties.
This rural Athens, OH neighborhood rates “B” and sits near the metro median overall (rank 15 among 31 metro neighborhoods), offering basic services and everyday convenience. Restaurants are reasonably available by local standards, with grocery and pharmacy access competitive among Athens neighborhoods, while parks and cafes are limited — an important factor for lifestyle-driven renters.
The area’s renter-occupied share is elevated compared with national norms, indicating depth in the tenant pool and potential support for leasing stability. Neighborhood occupancy, however, has trended softer than the metro and nationally in recent years, so investors should underwrite active leasing management and thoughtful renewal strategies.
With a typical construction year locally around the mid-20th century, a 1999 build is newer than much of the nearby housing. That relative vintage can help on curb appeal and operations versus older stock, though investors should still plan for system updates and selective renovations over a long hold.
Demographic statistics aggregated within a 3-mile radius show recent population contraction but an outlook for more households and smaller average household sizes, pointing to a larger pool of smaller households. Combined with attainable local rent levels and a balanced renter share, this supports demand for efficient units and disciplined rent growth, aligning with investor priorities for commercial real estate analysis.
Safety indicators compare favorably in a national context. Overall crime is around the 69th percentile nationally (safer than many neighborhoods), and violent incidents are near the national midpoint. According to WDSuite’s data, both violent and property offense rates have moved lower year over year, which is a constructive trend for resident retention and asset operations.
Within the Athens, OH metro (31 neighborhoods total), the area is competitive by regional standards and has shown improvement momentum. As always, property-level measures and ongoing monitoring remain important, but recent trends suggest conditions that can support stable tenancy and predictable management.
Regional employers provide a commuting base that supports workforce housing demand for Nelsonville. Notable organizations within commuting distance include General Mills and AutoZone’s distribution operations.
- General Mills — consumer foods offices (29.8 miles)
- Autozone Distribution Center — automotive parts distribution (40.5 miles)
Built in 1999 with 96 units, 1100 E Green St offers a newer alternative to largely older neighborhood stock, supporting competitive positioning with modest capex to modernize interiors and systems over time. Attainable rent levels and an above-average renter concentration indicate depth in the tenant base, while small-format units can align with the area’s shift toward more households and smaller household sizes within a 3-mile radius.
Investors should weigh soft neighborhood occupancy trends against improving safety indicators and steady regional employment access. Under disciplined operations and cost control, the asset’s relative vintage and efficient unit mix can help sustain leasing and retention; according to CRE market data from WDSuite, this submarket’s fundamentals point to pragmatic income stability more than outsized growth.
- Newer 1999 vintage versus older local stock supports competitive leasing with targeted upgrades
- Elevated renter concentration and attainable rents deepen the tenant base and aid retention
- Small-format units align with a growing count of smaller households (3-mile radius)
- Regional employers within commuting distance provide workforce demand support
- Risk: neighborhood occupancy has been soft; underwrite active leasing management and careful renewal strategies