| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 38th | Good |
| Demographics | 48th | Good |
| Amenities | 11th | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 225 White Cliffs Ct, Springfield, OH, 45503, US |
| Region / Metro | Springfield |
| Year of Construction | 1981 |
| Units | 104 |
| Transaction Date | 2016-01-01 |
| Transaction Price | $2,675,000 |
| Buyer | --- |
| Seller | --- |
225 White Cliffs Ct Springfield Multifamily Investment
Neighborhood metrics point to steady renter demand with occupancy in the high 80s and a renter-occupied share near the upper-30s, according to WDSuite’s CRE market data. The 1981 vintage offers operational durability with potential to modernize select systems for competitive positioning.
Located in an Inner Suburb of Springfield, the neighborhood carries a B rating and sits roughly around the metro median overall (rank 23 out of 56). Restaurants are a relative bright spot, placing competitive among Springfield neighborhoods (rank 11 of 56), while other day-to-day amenities like cafes, groceries, parks, and pharmacies are limited nearby. Average school ratings trend low for the area, which may make family-oriented demand more selective compared with stronger school districts.
For rental fundamentals, neighborhood occupancy is in the high 80s with a modest five-year dip, suggesting generally stable leasing conditions with some softening to monitor. The share of housing units that are renter-occupied is about 37% (rank 14 of 56), indicating a meaningful tenant base and competitive renter concentration among Springfield neighborhoods. Median contract rents are low for the metro context, supporting retention and lease management strategies focused on affordability rather than premium positioning.
Within a 3-mile radius, demographics are broadly stable today with forecasts indicating population growth and a sizable increase in households by the next five-year window. A larger household count alongside slightly smaller average household size points to a gradual expansion of the renter pool, which can support occupancy stability and sustained absorption for multifamily assets.
Home values in the neighborhood are moderate relative to the metro (rank 16 of 56) and sit below the national middle, implying a more accessible ownership market locally. For investors, this means rental demand is underpinned by value-seeking households, but pricing power may be tempered by attainable for-sale options. Rent-to-income ratios trend favorable, which supports lease retention and reduces affordability pressure risk relative to higher-cost markets.
Safety indicators are mixed and roughly around the Springfield metro median (crime rank 27 out of 56 neighborhoods). Compared with neighborhoods nationwide, violent and property offense metrics sit below the national middle, but recent year-over-year trends show meaningful improvement, suggesting conditions have been easing rather than worsening. Investors should frame this as a monitoring item rather than a defining constraint, using property-level measures and tenant screening to manage risk.
Nearby employers span waste services, logistics, industrial manufacturing, retail headquarters, and healthcare distribution, supporting a diverse workforce tenant base and practical commute times for residents.
- Waste Management — waste services (2.7 miles)
- Staples Fulfillment Center — logistics and fulfillment (21.7 miles)
- Parker-Hannifin Corporation — industrial manufacturing (30.9 miles)
- Big Lots — retail (36.8 miles) — HQ
- Cardinal Health — healthcare distribution (37.5 miles)
This 104‑unit, 1981-vintage multifamily asset offers durable scale in an Inner Suburb location where renter demand is supported by a competitive renter-occupied share and generally stable neighborhood occupancy. The vintage is newer than the local average stock, which can aid leasing versus older comparables, though investors should plan for targeted modernization of aging systems to strengthen positioning. According to CRE market data from WDSuite, local rents sit at approachable levels, reinforcing retention and providing room to execute value-focused upgrades without overextending affordability.
Within a 3-mile radius, forecasts point to growth in households and modest population gains, implying a larger tenant base and support for occupancy stability. The local ownership market is relatively accessible by metro standards, which can moderate rent growth expectations; however, it also sustains demand from value-seeking renters who prioritize attainable monthly housing costs and commute convenience to a diverse employment base.
- 104 units provide operational scale for on-site management and expense efficiency
- 1981 vintage is competitive versus older neighborhood stock, with scope for strategic renovations
- Household growth within 3 miles supports a larger renter pool and occupancy stability
- Approachable rent levels aid retention and value-add execution without acute affordability pressure
- Risks: softer school ratings and accessible homeownership may temper pricing power; monitor neighborhood safety trends