| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 27th | Poor |
| Demographics | 35th | Fair |
| Amenities | 48th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 7574 Rose Dr, Lisbon, OH, 44432, US |
| Region / Metro | Lisbon |
| Year of Construction | 1989 |
| Units | 48 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
7574 Rose Dr Lisbon, OH Multifamily Investment
Positioned in a top‑quartile neighborhood within the Salem, OH metro, this 48‑unit asset offers stable renter demand supported by accessible rents and a broad workforce base, according to WDSuite’s CRE market data.
The property sits in a Rural neighborhood rated A and ranked 8th of 51 in the Salem, OH metro, placing it in the top quartile locally. Daily needs are serviceable with grocery and pharmacy options performing around the metro middle and above many areas nationally, though cafes and restaurant density are limited, consistent with the rural setting. School quality averages around 2.0 out of 5 at the neighborhood level, which may temper demand from families prioritizing top-rated districts.
Vintage matters for competitiveness: the asset was built in 1989, while the neighborhood’s average construction year trends much older (1939). This relative youth can reduce near-term capital exposure versus older stock while leaving room for selective renovations or common-area upgrades to sharpen leasing.
Renter concentration at the neighborhood level is measured as the share of housing units that are renter-occupied. Within a 3‑mile radius, roughly one‑third of units are renter-occupied, indicating a meaningful tenant base without overreliance on rentals. This balance supports demand depth for multifamily while suggesting moderate competition from ownership options.
Demographics aggregated within a 3‑mile radius show households roughly steady in recent years even as population softened, implying smaller household sizes and a stable base of renters. Forward-looking projections call for population and household growth over the next five years, pointing to a larger tenant pool that can support occupancy stability. Neighborhood rents are comparatively accessible and the rent‑to‑income profile skews manageable, which can aid retention but may moderate near-term pricing power.
Safety indicators are mixed in relative terms. Within the Salem, OH metro, the neighborhood ranks 44th of 51, indicating it trails many local peers. Nationally, property offense rates trend better than average while violent offense levels sit near the national midrange, based on WDSuite’s CRE market data.
Recent trends show property crime easing year over year, while reported violent offense rates have increased, warranting continued monitoring. For investors, this suggests prudent emphasis on lighting, access control, and resident screening, along with ongoing review of local policing and community initiatives.
Regional employment is diversified across transportation, retail headquarters, insurance, healthcare distribution, and manufacturing, supporting workforce housing demand and commute convenience for residents of Lisbon and surrounding areas.
- Norfolk Southern — rail transportation (25.8 miles)
- Dick's Sporting Goods — retail HQ and corporate (33.1 miles) — HQ
- Erie Insurance Group — insurance (35.0 miles)
- Cardinal Health — healthcare distribution (35.9 miles)
- Goodyear Tire & Rubber — manufacturing corporate (41.3 miles) — HQ
This 48‑unit asset, built in 1989, is newer than much of the surrounding housing stock, offering competitive positioning versus older properties and potential value‑add via targeted renovations. Neighborhood standing is top quartile within the Salem, OH metro, and a 3‑mile view shows a stable base of renter-occupied housing with forecasts pointing to population and household growth that can expand the renter pool and support occupancy stability.
Accessible rents and a favorable rent‑to‑income profile support retention and lease management, while proximity to a diversified employer base underpins steady workforce demand. According to CRE market data from WDSuite, amenities are adequate for daily needs in a rural context, though limited café/restaurant density and average school ratings are considerations for family‑oriented leasing. Investors should also account for the neighborhood’s below‑median safety standing within the metro when planning operations and capital improvements.
- 1989 vintage versus older neighborhood stock supports competitiveness and selective value‑add
- Top‑quartile neighborhood rank in the Salem, OH metro
- 3‑mile outlook shows growing population and households, expanding the renter pool
- Accessible rents and workforce employer proximity support retention and leasing stability
- Risks: rural amenity depth, average school ratings, and safety positioning below metro median