| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 38th | Good |
| Demographics | 31st | Poor |
| Amenities | 21st | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 199 Sunrise Ter, New Carlisle, OH, 45344, US |
| Region / Metro | New Carlisle |
| Year of Construction | 1980 |
| Units | 48 |
| Transaction Date | 2020-07-09 |
| Transaction Price | $811,800 |
| Buyer | RACHEL COURT LIMITED PARTNERSHIP |
| Seller | SENIOR CITIZENS ASSOCIATES INC |
199 Sunrise Ter, New Carlisle Multifamily Investment
Neighborhood occupancy is strong, supporting stable leasing potential according to WDSuite’s CRE market data. With renters representing a meaningful share of nearby housing, the asset’s demand profile is supported by a durable local tenant base.
Located in the Springfield, OH metro, the neighborhood posts a 98.3% occupancy rate and ranks 7th out of 56 metro neighborhoods, a top-quartile position locally and high nationally. That backdrop points to steady tenant retention and fewer prolonged vacancies for professionally managed multifamily assets.
Renter-occupied housing accounts for roughly a third of units in the neighborhood, indicating a viable base of multifamily demand. Median rents remain manageable relative to incomes (supported by a modest rent-to-income profile), which can aid lease renewal and limit turnover risk. Home values are comparatively low for the region, which can create some competition with ownership, but also supports workforce housing positioning and balanced pricing power.
Everyday needs are serviceable: grocery and pharmacy access rank competitively within the metro (both in the top quartile among 56 Springfield neighborhoods), while restaurants, cafes, and parks are limited inside the neighborhood itself. Average school ratings trend below national norms, an important consideration for family-oriented leasing strategies.
Within a 3-mile radius, demographics show modest population growth alongside a larger increase in household counts, pointing to a gradually expanding renter pool and support for occupancy stability. Looking ahead, forecasts indicate continued increases in households and contract rents, which, based on commercial real estate analysis from WDSuite, should underpin steady demand for well-maintained units.
Comparable, property-level crime statistics are not available in this dataset. Investors typically assess safety by reviewing multi-year trends for the neighborhood and the broader Springfield, OH metro, along with local law enforcement and city reports. We recommend supplementing this analysis with on-the-ground diligence and recent municipal data to understand patterns over time rather than block-level snapshots.
Proximity to regional employers supports commute convenience and leasing durability, with access to industrial services and corporate operations reflected below.
- Waste Management — environmental services (10.0 miles)
- Staples Fulfillment Center — distribution/fulfillment (33.1 miles)
- Parker-Hannifin Corporation — diversified manufacturing (41.4 miles)
This 48-unit property, built in 1980, is slightly newer than the neighborhood’s average vintage, offering relative competitiveness versus older stock while still presenting opportunities for targeted modernization to enhance rentability and operating efficiency. The surrounding neighborhood’s top-quartile occupancy within the Springfield metro supports stable cash flow expectations, while a renter-occupied presence provides depth to the tenant base. Manageable rent-to-income levels further support retention and orderly lease management.
Within a 3-mile radius, modest population growth and a faster rise in households indicate more renters entering the market over time, which can support occupancy stability and measured rent growth. According to CRE market data from WDSuite, local fundamentals such as high neighborhood occupancy and competitive access to essential retail (grocery/pharmacy) reinforce the area’s suitability for workforce housing strategies, though limited lifestyle amenities and below-average school ratings should be factored into leasing and marketing plans.
- High neighborhood occupancy (ranked 7th of 56 metro neighborhoods) supports stable leasing
- 1980 vintage offers relative competitiveness with value-add potential through selective upgrades
- Expanding household counts within 3 miles point to a gradually growing renter pool
- Manageable rent-to-income dynamics support retention and pricing discipline
- Risks: limited nearby lifestyle amenities and below-national-average school ratings may temper family-driven demand