| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 56th | Best |
| Demographics | 60th | Best |
| Amenities | 46th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 36 Poston Rd, The Plains, OH, 45780, US |
| Region / Metro | The Plains |
| Year of Construction | 1982 |
| Units | 60 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
36 Poston Rd, The Plains, OH Multifamily Investment
Neighborhood fundamentals point to steady renter demand and above-median positioning within the Athens, OH metro, according to WDSuite s CRE market data.
The property sits in a suburban neighborhood of the Athens, OH metro that ranks 2nd out of 31 neighborhoods (top quartile among 31 Athens neighborhoods), signaling strong local livability and investment appeal for workforce-oriented multifamily. Neighborhood occupancy is 91.1%, reflecting stable renter absorption relative to similar Midwest locales.
Renter-occupied housing comprises 46.1% of neighborhood units, indicating a deep tenant base that can support leasing stability for a 60-unit asset. Within a 3-mile radius, households increased over the past five years while average household size declined, which typically enlarges the renter pool and supports ongoing demand for smaller unit types.
Median neighborhood rent remains accessible relative to incomes (rent-to-income at 0.16), which can aid retention and reduce turnover pressure. Home values sit in a mid-range context for Ohio; this ownership cost profile tends to sustain reliance on rental options, supporting occupancy and pricing resilience over time.
With cafes, parks, and pharmacies landing around the middle of national distributions, residents have everyday conveniences nearby, while school ratings trend below average locally. Investors should underwrite to resident preferences that prioritize proximity to employment nodes and essential services over top-tier school demand.
Safety indicators compare favorably. The neighborhood s crime rank is 10th out of 31 within the Athens metro, which is competitive among Athens neighborhoods. Nationally, the area scores in the low-to-upper 70s percentiles for lower violent and property offenses (higher percentiles indicate safer conditions vs. U.S. neighborhoods). Recent year-over-year estimates show notable declines in both violent and property offense rates, suggesting an improving trend.
As always, crime conditions vary block to block and over time. Investors should corroborate trends with current local reporting and property-level measures when underwriting.
Regional employment access includes corporate offices that broaden the commuter shed and help support renter retention through diversified job bases. Nearby employers include General Mills and an AutoZone distribution operation.
- General Mills corporate offices (29.1 miles)
- Autozone Distribution Center corporate offices (43.5 miles)
Built in 1982, the asset is slightly older than the neighborhood average stock, which points to potential value-add through unit renovations and system upgrades while leveraging a neighborhood that is ranked in the top quartile among 31 Athens neighborhoods. Renter concentration near half of units and neighborhood occupancy at 91.1% support a case for demand durability and leasing stability.
Within a 3-mile radius, a rise in household counts and smaller household sizes indicates a larger tenant base over time, which can aid absorption for smaller floorplans. Median rents remain manageable relative to incomes, reinforcing retention potential; according to CRE market data from WDSuite, these dynamics align with steady, mid-market pricing power rather than outsized growth. Risks to consider include below-average school ratings and forecast softness in headline rents, warranting conservative rent growth assumptions.
- Stable neighborhood positioning (top quartile among 31 Athens neighborhoods) supports occupancy and rent resilience
- 1982 vintage offers value-add and modernization pathways to enhance competitiveness
- 3-mile household growth and smaller sizes expand the renter pool for smaller units
- Manageable rent-to-income profile supports retention and reduces turnover risk
- Risks: below-average school ratings and forecast rent softness warrant conservative underwriting