| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 37th | Good |
| Demographics | 38th | Fair |
| Amenities | 17th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 719 Mosgrove St, Urbana, OH, 43078, US |
| Region / Metro | Urbana |
| Year of Construction | 1981 |
| Units | 21 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
719 Mosgrove St, Urbana OH Multifamily Investment
Neighborhood occupancy has been steady, supporting small-scale assets like this 21-unit property, according to WDSuite s CRE market data. Investor focus here is on stable renter demand in a suburban setting rather than amenity-driven premiums.
The property sits in a Suburban neighborhood of Urbana rated B-, placing it roughly around the metro median among 26 neighborhoods. Local renter demand is helped by occupancy that has trended upward over the past five years, with rents positioned in a value segment relative to larger Ohio metros. While daily convenience options are limited within the neighborhood, broader Urbana services are accessible by short drives, and pricing tends to attract cost-conscious tenants.
Renter-occupied units account for a meaningful share of neighborhood housing, indicating a workable tenant base for small multifamily. Median rent levels and a rent-to-income ratio near the middle of national benchmarks suggest manageable affordability pressure and the potential for steady lease retention rather than rapid trade-outs. This context can support pragmatic revenue management rather than aggressive premium strategies.
Demographic statistics aggregated within a 3-mile radius show recent population softening but a projected increase in households, implying smaller household sizes and a potential renter pool expansion even as population growth stays muted. For investors, that points to a stable, needs-based renter segment that can underpin occupancy even without top-tier amenity density, a point supported by commercial real estate analysis from WDSuite.
Vintage matters: the building s 1981 construction is newer than the area s older average stock, which can provide a competitive edge versus mid-century properties. At the same time, systems are no longer new; planning for targeted modernization or light value-add remains prudent to sustain leasing velocity against refreshed comps.
Neighborhood safety indicators track close to national mid-range levels overall, with recent data showing violent incidents trending down year over year and property offenses around national averages. In practical terms, this supports typical leasing expectations for a suburban workforce renter base without requiring special security positioning beyond standard best practices.
Within the Urbana metro (26 neighborhoods), conditions vary by subarea; this location compares competitively versus several peers and has improved on severe incident trends recently. Investors should underwrite to customary policies (lighting, access control) and monitor local reports for directional changes rather than assume block-level guarantees.
The area draws from a diversified employer base within commuting distance, supporting workforce housing demand and lease retention. Notable nearby employers include Waste Management, Staples Fulfillment Center, Parker-Hannifin, Cardinal Health, and Big Lots.
- Waste Management waste & environmental services (13.4 miles)
- Staples Fulfillment Center distribution & logistics (24.4 miles)
- Parker-Hannifin Corporation manufacturing & engineering offices (24.5 miles)
- Cardinal Health healthcare products & services (34.3 miles) HQ
- Big Lots retail corporate offices (36.5 miles) HQ
This 21-unit asset offers exposure to a suburban renter base where neighborhood occupancy has improved over the last five years and rent levels sit in a value-oriented band. According to CRE market data from WDSuite, renter concentration in the neighborhood is meaningful, supporting depth of tenant demand and everyday leasing needs, while home values remain relatively accessible in regional context a mix that supports steady occupancy but argues for disciplined rent growth expectations.
The 1981 vintage is newer than much of the surrounding housing stock, helping the property compete against older buildings; however, investors should plan for targeted system updates and light renovations to sustain positioning as nearby assets modernize. Given modest amenity density and recent population softness within a 3-mile radius, underwriting should emphasize leasing consistency, pragmatic renewal management, and selective value-add.
- Neighborhood occupancy stability supports steady leasing and renewal performance.
- 1981 construction competes well versus older stock; targeted capex can preserve advantage.
- Value-oriented rent positioning and mid-range rent-to-income suggest manageable affordability pressure.
- Workforce employer base within commuting range underpins demand across economic cycles.
- Risks: limited neighborhood amenities, accessible ownership options, and recent population softness warrant conservative rent growth assumptions.