| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 42nd | Best |
| Demographics | 55th | Best |
| Amenities | 18th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 355 Clifton Rd, South Charleston, OH, 45368, US |
| Region / Metro | South Charleston |
| Year of Construction | 1975 |
| Units | 24 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
355 Clifton Rd South Charleston Multifamily Investment
Neighborhood occupancy is elevated and steady, supporting demand for smaller units, according to WDSuite s CRE market data. This points to durable renter interest even as the wider Springfield metro cycles.
Located in South Charleston within the Springfield, OH metro, the neighborhood carries an A rating and ranks 9th out of 56 neighborhoods top quartile among Springfield areas signaling solid local fundamentals for a 24-unit asset. Neighborhood occupancy is strong (top quartile nationally), which supports lease stability and reduces downtime risk relative to more volatile submarkets.
The property s 1975 vintage is slightly newer than the area s older housing stock (average 1968). For investors, that positioning can enhance competitiveness versus older comparables while still warranting targeted capital planning for aging systems and value-add upgrades to capture rent premiums through thoughtful multifamily property research.
Livability signals are mixed: pharmacy access scores above many U.S. neighborhoods, while cafes, restaurants, parks, and childcare density are limited. This typically aligns with suburban patterns where daily needs are reachable but lifestyle amenities are thinner. No average school rating is available for this neighborhood in the dataset, so education quality should be verified during diligence.
Tenure data indicates a meaningful renter base within the neighborhood (renter-occupied share is elevated versus many U.S. areas), which deepens the tenant pool for small-format units. Within a 3-mile radius, demographics show the past five years brought a modest population dip but an increase in households, pointing to smaller household sizes and a potentially broader renter pool. Forecasts through 2028 indicate further household growth within 3 miles, a supportive backdrop for occupancy and renewal performance. Median contract rents in the neighborhood remain on the lower side compared to national norms, while the rent-to-income ratio is moderate, suggesting manageable affordability pressure and potential headroom for renovation-driven rent lifts where supported by the comps and asset condition.
Safety indicators compare favorably at the national level: the neighborhood sits in a high national percentile for overall safety, indicating comparatively lower crime versus many U.S. neighborhoods. Year-over-year trends also point to improvement, with both property and violent incident rates declining, according to WDSuite s CRE market data.
Within the region, safety conditions can vary by corridor, so investors should align underwriting assumptions with submarket-level patterns and confirm on-the-ground conditions. The directional improvement trend supports resident retention and reduces disruption risk, but prudent operators typically maintain standard security and lighting protocols.
Proximity to established employers supports workforce housing demand and commute convenience for residents. Nearby employment nodes include waste services, fulfillment operations, industrial manufacturing, discount retail, and healthcare distribution.
- Waste Management waste services (12.3 miles)
- Staples Fulfillment Center fulfillment center operations (14.0 miles)
- Big Lots discount retail (29.9 miles) HQ
- Parker-Hannifin Corporation industrial manufacturing (31.6 miles)
- Cardinal Health healthcare distribution (34.0 miles) HQ
355 Clifton Rd offers a 24-unit footprint with smaller average layouts that align with workforce and value-oriented renter demand. Neighborhood occupancy trends are strong and, according to CRE market data from WDSuite, remain competitive versus national norms supporting stable leasing and renewal performance. The 1975 vintage is somewhat newer than nearby housing stock, providing relative positioning against older comparables while leaving room for targeted modernization to unlock incremental rent.
Within a 3-mile radius, households have increased despite earlier population softness, and forecasts call for additional household growth by 2028. Combined with a meaningful neighborhood renter concentration and moderate rent-to-income levels, the area supports depth of tenant demand and potential for renovation-driven pricing gains. Investors should still account for thinner amenity density and validate unit finishes, systems, and comps to calibrate achievable premiums.
- Strong neighborhood occupancy supports leasing stability and renewal performance.
- 1975 vintage offers relative competitiveness vs. older local stock with value-add upside through selective upgrades.
- Household growth within 3 miles expands the renter pool and supports sustained demand.
- Moderate rent-to-income conditions and lower starting rents can support renovation-driven rent lifts where comps justify.
- Risks: thinner amenity density and an ownership-leaning wider area may temper rent growth without clear in-unit and property upgrades.