| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 41st | Best |
| Demographics | 58th | Best |
| Amenities | 36th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 600 Trabar Dr, Saint Clairsville, OH, 43950, US |
| Region / Metro | Saint Clairsville |
| Year of Construction | 1977 |
| Units | 24 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
600 Trabar Dr, Saint Clairsville OH — 24-Unit Multifamily Investment
Neighborhood occupancy has trended upward with stable renter demand at the metro level, according to WDSuite’s CRE market data, positioning this asset for steady operations in a rural submarket. The investment case centers on durable affordability and commuting convenience rather than amenity density.
Saint Clairsville’s rural neighborhood context rates competitive among Wheeling neighborhoods (6th out of 79), indicating solid overall livability and investment fundamentals at the neighborhood scale. Compared with metro and national patterns, local rents sit on the more affordable end, which can support pricing resilience and lease retention for value-oriented product.
Daily-need amenities are accessible by car: grocery and pharmacy availability track near the metro middle, while cafes and parks are sparse. This favors residents prioritizing space and convenience over walkability. The neighborhood’s renter-occupied share is on the lower side (28.1% of housing units), signaling a shallower tenant pool than urban cores, but it can also contribute to demand stability for well-managed multifamily.
Neighborhood occupancy is measured for the neighborhood and not the property; it sits in the mid range locally and has improved over the past five years, supporting a case for consistent leasing in well-positioned assets. With a rent-to-income profile that suggests manageable affordability pressure, operators may see steadier renewals and less turnover-driven friction.
Within a 3-mile radius, recent population change has been modest, while household counts have inched higher, reflecting smaller household sizes and steady housing absorption. Forward-looking projections indicate population growth and a notable increase in households, pointing to a larger tenant base and supporting occupancy stability over the medium term. Home values are moderate for the region, which can introduce some competition with ownership, but the presence of more accessible rental options tends to sustain multifamily demand and lease retention.
Safety indicators are around the metro average for the Wheeling region. Nationally, the neighborhood compares better on property incidents than violent incidents, placing it above the national median on property-related safety and modestly above the midpoint for violent crime. Rankings are measured against 79 metro neighborhoods; percentiles compare neighborhoods nationwide.
Year-over-year crime metrics can fluctuate at small geographic scales; investors should underwrite with recent-trend awareness and standard risk management (lighting, access control, and monitoring) rather than block-level assumptions.
The Wheeling-area employment base provides commuting access to healthcare, retail/services, and energy-related roles, supporting workforce housing demand and resident retention for properties serving Saint Clairsville. Specific nearby employer distances are not available in this dataset.
Built in 1977, the property is newer than the neighborhood’s average vintage, which can offer a relative edge versus older stock while still benefiting from targeted modernization to enhance rent positioning. The investment thesis leans on neighborhood-level occupancy stability, durable affordability, and a growing projected household base within 3 miles that can expand the renter pool and support steady leasing. According to CRE market data from WDSuite, the area’s rent-to-income profile suggests manageable affordability pressure, a constructive backdrop for renewals and pricing discipline.
As a rural submarket with sparse walkable amenities and a lower renter concentration, performance is most likely driven by value, convenience, and access to metro employment rather than lifestyle features. Underwriting should account for typical capex associated with late-1970s construction while weighing the upside from operational improvements and light value-add.
- Newer-than-neighborhood-average 1977 vintage provides competitive positioning with potential modernization upside
- Neighborhood occupancy has improved over five years, supporting leasing stability at the submarket level
- Manageable rent-to-income dynamics and moderate home values support retention and steady demand
- 3-mile outlook calls for population and household growth, expanding the tenant base
- Risks: thinner renter pool in a rural setting, limited amenity density, and typical capex for late-1970s assets