| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 34th | Good |
| Demographics | 47th | Good |
| Amenities | 8th | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 501 Morgantown Ext, Barnesville, OH, 43713, US |
| Region / Metro | Barnesville |
| Year of Construction | 2007 |
| Units | 38 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
501 Morgantown Ext Barnesville Multifamily Investment
Neighborhood-level fundamentals point to steady renter demand with occupancy above the metro median and manageable rent-to-income ratios, according to WDSuite’s CRE market data. The rural setting appeals to residents seeking value, supporting leasing stability without relying on amenity-driven premiums.
Barnesville’s neighborhood setting is Rural with a B rating and is competitive among Wheeling, WV-OH neighborhoods (ranked 31 out of 79). From an investor perspective, this positioning suggests balanced demand relative to the metro, with the neighborhood’s occupancy around 90% performing above the metro median, according to WDSuite’s commercial real estate analysis.
Renter-occupied housing makes up roughly a quarter of units in the neighborhood, indicating a smaller but durable renter base that can support stable leasing for well-maintained assets. Home values sit below many national markets, which can create some competition with ownership; however, lower contract rents and a favorable rent-to-income profile point to retention advantages and measured pricing power rather than rapid turnover.
Amenities are sparse at the neighborhood level (limited grocery, pharmacy, parks, and cafes), so residents are likely to be car-reliant. Schools trend above the national median on average (national percentile around the low 60s), which can aid family-oriented demand within a three-mile radius.
Within a 3-mile radius, demographics indicate a generally stable population with forecasts pointing to modest population growth and a notable increase in households over the next five years. That trajectory, alongside indications of a higher share of renter-occupied units, implies a larger tenant base and supports occupancy stability for professionally managed communities.
Safety indicators compare favorably at the national level. Overall, the neighborhood scores in the top quartile nationally for safety, with violent offense rates positioned in a very strong national percentile and showing meaningful year-over-year improvement, based on WDSuite’s data. Property offense measures also trend better than many neighborhoods nationwide.
At the metro level (Wheeling, WV-OH), safety can vary by neighborhood; investors should underwrite to submarket patterns rather than block-level assumptions. The directional national comparisons point to supportive conditions for tenant retention and day-to-day livability without implying uniform experiences across all streets.
The employment base is regional, with commuting to distribution and logistics facilities supporting workforce housing demand. Key nearby employer:
- Autozone Distribution Center — distribution (39.3 miles)
Built in 2007, the property is newer than the neighborhood’s average vintage, offering relative competitiveness versus older stock while leaving room for targeted modernization to elevate finishes and systems. Neighborhood occupancy trends above the metro median and a favorable rent-to-income profile suggest steady retention and disciplined rent growth, according to CRE market data from WDSuite.
Within a 3-mile radius, forecasts indicate modest population growth and a larger household count, which should expand the renter pool and support leasing. While ownership remains comparatively accessible in this market and amenities are limited, professionally managed communities with reliable operations can capture demand from residents prioritizing value, drivability, and functional housing over amenity premiums.
- 2007 vintage offers competitive positioning versus older neighborhood stock with targeted value-add potential.
- Neighborhood occupancy trends above metro median support stable cash flow potential.
- Favorable rent-to-income dynamics indicate retention strength with measured pricing headroom.
- 3-mile forecasts show rising households, expanding the tenant base and supporting lease-up.
- Risks: rural amenity depth and accessible ownership options may temper pricing power; plan for operational excellence and selective upgrades.