| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 36th | Good |
| Demographics | 37th | Fair |
| Amenities | 14th | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 145 Chris Ave, Washingtonville, OH, 44490, US |
| Region / Metro | Washingtonville |
| Year of Construction | 1984 |
| Units | 39 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
145 Chris Ave Washingtonville Multifamily Investment Opportunity
Neighborhood occupancy is stable for this rural submarket, according to WDSuite’s CRE market data, suggesting steady leasing dynamics in the area rather than at the property level. This commercial real estate analysis points to durable renter demand supported by accessible rents and a car-oriented location.
Located in Washingtonville within the Youngstown–Warren–Boardman metro, the neighborhood carries a B- rating and a rural profile. Daily needs are largely car-based, with limited cafes, parks, and pharmacies nearby, while grocery access is competitive among metro peers. For investors, this points to practical livability with fewer discretionary amenities, which can align with workforce housing demand.
Neighborhood occupancy is strong relative to national patterns, supporting lease-up stability and retention. Median contract rents in the neighborhood sit on the lower side for the region, and the rent-to-income profile indicates manageable affordability pressure for tenants—favorable for collections and renewals, though it may temper near-term pricing power.
At a 3-mile radius, demographics show modest population contraction over the past five years with household counts holding roughly flat to slightly higher, implying smaller average household sizes and a stable renter pool. Forecasts indicate households continuing to edge up while population trends remain soft, which can sustain occupancy even if outsized rent growth is unlikely.
The building’s 1984 vintage is slightly newer than the neighborhood average year of construction (1980). This positioning can help competitiveness versus older stock, while investors should still plan for system updates and targeted renovations to capture value-add upside and defend occupancy.
Home values in the neighborhood sit below national norms, indicating a more accessible ownership market. For multifamily owners, that can mean some competition from entry-level ownership, but the area’s rental price points and steady neighborhood occupancy help underpin leasing stability.
Safety indicators compare favorably at the national level, with the neighborhood trending in the upper percentiles for lower violent and property offense rates. Recent data also show year-over-year declines in violent incidents, according to WDSuite’s CRE market data. While conditions can vary by block and over time, the broader trend supports resident retention and reduces operational risk compared with lower-ranked areas.
Regional employment is diversified across transportation, insurance, retail corporate, manufacturing, and healthcare distribution, supporting a commuter renter base within roughly 20–40 miles.
- Norfolk Southern — rail transportation (18.2 miles)
- Erie Insurance Group — insurance (34.8 miles)
- Dick's Sporting Goods — retail corporate (38.2 miles) — HQ
- Goodyear Tire & Rubber — tire manufacturing corporate (38.3 miles) — HQ
- Cardinal Health — healthcare distribution (38.5 miles)
145 Chris Ave offers 1980s-vintage, garden-style scale in a rural Youngstown–Warren–Boardman submarket where neighborhood occupancy trends are solid and rents remain accessible. According to CRE market data from WDSuite, the surrounding neighborhood demonstrates sustained occupancy and nationally favorable safety readings, which supports tenant retention and limits downtime between turns.
The 1984 construction provides a practical platform for targeted value-add—modernizing interiors and building systems to strengthen competitiveness versus older local stock. Nearby regional employers within commuting range reinforce a stable renter base, while lower rent-to-income levels aid collections and lease renewals. Key risks include a thinner amenity base, modest population contraction in the 3-mile area, and potential competition from accessible entry-level ownership, which may moderate rent growth expectations.
- Stable neighborhood occupancy supports leasing durability and retention
- 1984 vintage offers value-add potential via targeted renovations and system upgrades
- Commutable access to diversified regional employers underpins workforce housing demand
- Accessible rents and manageable rent-to-income aid collections and renewals
- Risks: rural amenity depth, soft population trends, and competition from entry-level ownership may temper rent growth