| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 29th | Good |
| Demographics | 68th | Best |
| Amenities | 17th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 485 North St, Barnesville, OH, 43713, US |
| Region / Metro | Barnesville |
| Year of Construction | 1978 |
| Units | 52 |
| Transaction Date | 1999-12-21 |
| Transaction Price | $1,053,900 |
| Buyer | BARNESVILLE MANOR SENIOR HOUSING LIMITED |
| Seller | NATIONAL CHURCH RESIDENCES OF BARNESVILL |
485 North St Barnesville OH Multifamily Investment
Neighborhood occupancy in the high-80s suggests steady leasing, while very low rent-to-income levels support renewal stability, according to WDSuite’s CRE market data.
Barnesville’s rural profile brings a quieter environment and limited retail density, which can favor resident retention for value-focused assets. The neighborhood is competitive among Wheeling metro neighborhoods (20 of 79) with an A- rating, indicating solid fundamentals without core-urban pricing.
Neighborhood occupancy is about 88.7% (competitive among Wheeling at 28 of 79). Renter concentration is relatively low, signaling an owner-heavy housing mix; for multifamily investors, this typically means a smaller but durable renter base and less head-to-head competition from large rental communities.
Within a 3-mile radius, recent population growth and projected household gains by 2028 suggest a gradually expanding tenant pool. Median contract rents remain comparatively low, supporting lease retention and measured renewal strategies rather than aggressive rent pushes.
Home values are moderate for the region. In practice, a more accessible ownership market can temper near-term pricing power, but the combination of low rent burdens and stable neighborhood dynamics supports consistent occupancy.
Safety indicators compare favorably nationally, with the neighborhood in high national percentiles for lower estimated violent and property offenses and year-over-year declines. This backdrop can support resident confidence and reduce operational disruption risk.
Within the Wheeling metro, the area ranks 10th for crime out of 79 neighborhoods, indicating higher incident levels than many metro peers. Underwriting should incorporate the metro-relative context while noting the improving trend and stronger national comparison.
The employment base is regional; distribution and logistics roles in the broader commute shed can support renter demand and retention for workforce-oriented housing.
- Autozone Distribution Center — distribution & logistics (38.7 miles)
This Barnesville asset is positioned for steady operations: neighborhood occupancy sits in the high-80s, rent burdens are low, and safety compares well nationally. Based on CRE market data from WDSuite, the neighborhood is competitive within the Wheeling metro, supporting a thesis centered on stable cash flow and resident retention rather than outsized rent growth.
Demand catalysts are primarily local. A more owner-heavy housing mix points to a smaller but durable renter base, while population growth and expected household increases within 3 miles suggest gradual renter pool expansion by 2028. The rural setting and limited amenities call for pragmatic renewal strategies and service-driven retention.
- Competitive neighborhood positioning within the Wheeling metro and favorable national safety profile
- High-80s neighborhood occupancy and low rent burdens support renewal stability
- 3-mile population and household growth point to a gradually expanding tenant base
- Risks: owner-heavy housing mix and limited amenity density may temper pricing power; focus on retention and service quality