| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 31st | Poor |
| Demographics | 56th | Best |
| Amenities | 49th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1060 S High St, Urbana, OH, 43078, US |
| Region / Metro | Urbana |
| Year of Construction | 1977 |
| Units | 46 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
1060 S High St Urbana Multifamily Value-Add Potential
Neighborhood occupancy has trended higher with modest rent levels that support retention, according to WDSuite s CRE market data. This submarket s stable renter demand and improving crime trends create a straightforward operating backdrop for disciplined multifamily property research.
Located in Urbana, Ohio, the property sits within a suburban neighborhood rated A by WDSuite and ranked 2 out of 26 neighborhoods in the metro. Amenity access is competitive among Urbana neighborhoods, with strong coverage of groceries, pharmacies, cafes, and restaurants nearby, though parks and childcare options are limited within the immediate area.
Neighborhood apartment occupancy is steady and has increased over the past five years, supporting income stability at the asset level. The neighborhood 27s renter-occupied share is competitive among Urbana submarkets, pointing to a meaningful tenant base and dependable leasing velocity. Rent-to-income levels sit at the lower end nationally, reinforcing pricing headroom and renewal resilience for professionally managed properties.
Within a 3-mile radius, demographics show a modest population contraction alongside slight household size shifts. Projections indicate smaller households and an increase in total households over the next five years, which can expand the renter pool even if overall population growth lags, particularly for well-managed garden-style assets.
Ownership costs are relatively accessible compared with many U.S. markets. While this can introduce competition from entry-level homeownership, it also suggests a durable value proposition for quality rentals that deliver convenience and maintenance-free living. Median rents remain modest versus income levels, which supports occupancy stability and measured rent growth where renovations add discernible value.
Vintage context: built in 1977, the asset is newer than the neighborhood 27s average building age. Investors should expect mid-life systems and common areas that can benefit from targeted capital plans to modernize interiors and amenities for stronger competitive positioning against both older local stock and nearby single-family alternatives.
Safety indicators in this Urbana neighborhood are generally around or modestly above the national middle, based on WDSuite s comparative measures. Recent data show notable year-over-year declines in both property and violent offense estimates, pointing to an improving trend rather than a deterioration.
For investors, the directional improvement supports resident retention and leasing narratives, but underwriting should still reflect neighborhood-level variability and property-specific controls such as lighting, access management, and partnership with local policing where appropriate.
The area draws on a diversified employment base that supports workforce housing demand and commute convenience. Key nearby employers include waste services, distribution, advanced manufacturing, and corporate headquarters within commuting range.
- Waste Management waste & environmental services (12.2 miles)
- Staples Fulfillment Center distribution & fulfillment (23.2 miles)
- Parker-Hannifin Corporation manufacturing & engineering offices (24.4 miles)
- Cardinal Health healthcare products & services (33.8 miles) HQ
- Big Lots retail corporate offices (35.6 miles) HQ
This 46-unit, 1977-vintage asset in Urbana benefits from a suburban neighborhood with steady occupancy, modest rent levels relative to incomes, and improving safety trends. According to CRE market data from WDSuite, neighborhood occupancy has moved higher over the past five years while rent-to-income remains low, supporting retention and measured pricing power where upgrades create clear value. Proximity to a diversified employment base further underpins day-to-day leasing.
At the same time, relatively accessible home values in the area can create competition with ownership, and population growth in the immediate 3-mile radius has been soft. A focused value-add plan that modernizes interiors, enhances curb appeal, and tightens operations can position the property well against older stock and entry-level ownership alternatives.
- Neighborhood occupancy trending up with modest rents supporting renewals
- 1977 vintage offers targeted renovation and systems-upgrade upside
- Diversified employers within commuting range support workforce housing demand
- Improving safety indicators bolster leasing narratives and resident retention
- Risks: ownership competition and soft population growth warrant disciplined underwriting