| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 29th | Good |
| Demographics | 37th | Fair |
| Amenities | 9th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 200 Belmont Rd, Bethesda, OH, 43719, US |
| Region / Metro | Bethesda |
| Year of Construction | 1985 |
| Units | 51 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
200 Belmont Rd, Bethesda OH 51-Unit Multifamily
Neighborhood occupancy has trended upward with solid renter affordability, according to WDSuite s CRE market data, pointing to steady demand drivers for a stabilized hold.
Bethesda sits within the Wheeling, WV-OH metro and scores C+ overall, with this rural neighborhood offering a quieter setting and limited dining and cafe options. Grocery access is comparatively better than other local amenities, but restaurants, parks, and cafes are sparse, which is typical for low-density locations. For investors, this translates to value-conscious renter appeal rather than lifestyle-driven leasing.
Neighborhood occupancy is in the mid-80s and has improved over the last five years. Rents remain low by national standards, and the rent-to-income relationship is favorable for tenants, supporting retention while suggesting measured pricing power rather than outsized rent growth. Median home values are also modest for the region, which can introduce some competition from ownership; lease management and amenity upgrades can help sustain occupancy and differentiate the asset.
Renter-occupied housing accounts for roughly one-fifth to one-quarter of units in the neighborhood, indicating a moderate renter concentration and a tenant base oriented to workforce housing. Demographic indicators aggregated within a 3-mile radius show a small population decline alongside a slight increase in households and smaller average household sizes, which can maintain demand for smaller units and support occupancy stability even as headcounts soften.
The property s 1985 vintage is newer than the neighborhood s average housing stock (1950s era), giving it a relative competitive edge versus older inventory. Investors should still anticipate targeted modernization and systems updates common to 1980s construction, which can unlock value-add opportunities and support rent trade-outs without overreliance on market growth.
Safety compares favorably both locally and nationally. The neighborhood ranks near the top of 79 Wheeling metro neighborhoods for lower crime, and it sits in a high national safety percentile relative to neighborhoods nationwide. Recent year-over-year trends indicate sharp reductions in both violent and property incidents, reinforcing a stable operating backdrop for multifamily assets.
Regional employment is anchored by logistics and distribution within commuting reach, which can support workforce renter demand and lease retention in value-focused assets. The list below highlights a notable employer with distance for context.
- Autozone Distribution Center distribution (44.0 miles)
This 51-unit asset benefits from a favorable rent-to-income profile and improving neighborhood occupancy, supporting stable collections and retention potential. Based on CRE market data from WDSuite, local rents remain low relative to incomes, which helps sustain tenancy while leaving room for selective rent optimization tied to unit upgrades rather than broad market lifts.
Built in 1985, the property is newer than much of the surrounding housing stock, offering a competitive baseline with scope for targeted value-add: interior refreshes, common-area improvements, and efficiency upgrades that can drive incremental rent without overcapitalizing. The rural setting means limited amenity-driven premiums and a moderate renter pool, so emphasis on cost control, curb appeal, and practical upgrades should guide the business plan.
- Favorable rent-to-income dynamics support retention and measured pricing power
- Improving neighborhood occupancy trends point to steady demand backdrop
- 1985 vintage enables targeted value-add versus older local stock
- Workforce-oriented renter base aligns with smaller-unit demand
- Risks: rural amenity limitations and accessible ownership options may temper rent growth; focus on operational execution