| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 43rd | Best |
| Demographics | 34th | Poor |
| Amenities | 7th | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 125 Cherry St, North Lewisburg, OH, 43060, US |
| Region / Metro | North Lewisburg |
| Year of Construction | 1994 |
| Units | 46 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
125 Cherry St, North Lewisburg OH Multifamily Investment
Stabilized neighborhood occupancy and steady renter demand in the Urbana metro support cash flow resilience, according to WDSuite’s CRE market data. Newer 1990s vintage for this submarket adds competitive positioning versus older local stock.
Located in a rural pocket of the Urbana, OH metro, the neighborhood surrounding 125 Cherry St shows neighborhood occupancy that is above the metro median and modestly above national averages. This points to generally steady leasing conditions at the neighborhood level rather than at the property itself. Median contract rents in the neighborhood sit below major metro benchmarks, which can help sustain absorption while keeping affordability pressure manageable for residents.
The property’s 1994 construction is newer than the neighborhood’s average vintage from the early 1970s. For investors, that typically means a more competitive unit mix and exterior systems relative to older comparables, while still planning for age-related updates to interiors, roofs, and mechanicals to support retention and rent positioning.
Within a 3-mile radius, population and household counts have increased in recent years and are projected to continue growing by 2028, with average household size trending lower. This pattern expands the renter pool and can support occupancy stability as more, smaller households enter the market. Median household incomes have trended higher, reinforcing the ability to support rent levels that remain below big-city norms.
Tenure data indicates a renter-occupied share around the low 30% range at the neighborhood level, which provides a defined tenant base while signaling an owner-leaning area. For multifamily owners, that mix suggests durable but measured demand depth and the need for consistent leasing and renewal management. Amenities are limited in this rural setting—very few cafes, restaurants, or parks—and grocery access is modest, so value, on-site functionality, and parking typically matter more than walkability for tenant retention.
Home values in the neighborhood are below large-market levels. In practice, a more accessible ownership landscape can create some competition with entry-level for-sale options, but it also supports leasing stability when paired with below-metro rent levels and rent-to-income ratios near 0.15, aiding renewal performance and reducing turnover risk.
Safety indicators for the neighborhood are mixed. Compared with other Urbana metro neighborhoods, the area ranks closer to the higher-crime end of the spectrum (ranked 23 among 26). At the national level, however, property and violent offense measures sit in higher safety percentiles, indicating comparatively favorable standings versus many neighborhoods nationwide.
Recent year-over-year readings show an uptick in both property and violent offense estimates. For investors, this argues for standard operational measures—lighting, access controls, and resident engagement—along with ongoing monitoring of local trends rather than drawing block-level conclusions.
Employment access is anchored by nearby industrial, logistics, and corporate functions that broaden the workforce renter base and support leasing stability, including Parker-Hannifin, Staples Fulfillment Center, Cardinal Health, Waste Management, and Big Lots.
- Parker-Hannifin Corporation — industrial & motion control (12.1 miles)
- Staples Fulfillment Center — e-commerce fulfillment (23.7 miles)
- Cardinal Health — healthcare distribution (24.1 miles) — HQ
- Waste Management — environmental services (25.5 miles)
- Big Lots — retail (29.7 miles) — HQ
This 46-unit, 1994-vintage asset offers a relative quality edge versus older neighborhood stock while serving a renter base supported by above-metro-median neighborhood occupancy and below-big-market rent levels. According to CRE market data from WDSuite, the surrounding neighborhood’s occupancy trends are competitive within the Urbana metro and sit modestly above national averages, which supports income stability for well-operated assets.
Within a 3-mile radius, recent and projected increases in population and households—alongside smaller average household sizes—suggest a gradual expansion of the tenant base. The rural setting implies limited walkable amenities, so leasing strategy should emphasize value, parking, and in-unit functionality. Given the area’s more accessible ownership costs, pricing power is likely steady but measured, with value-add focused on targeted interior upgrades, common-area refreshes, and reliability of building systems typical for a mid-1990s property.
- Newer 1994 vintage versus local average, with targeted value-add and systems planning
- Neighborhood occupancy above metro median supports income stability for leased units
- 3-mile radius shows population and household growth, expanding the renter pool
- Workforce access to regional employers within ~12–30 miles underpins demand
- Risks: limited walkable amenities, owner-leaning tenure mix, and modest recent crime upticks