| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 33rd | Good |
| Demographics | 43rd | Good |
| Amenities | 6th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1065 E Beal Ave, Bucyrus, OH, 44820, US |
| Region / Metro | Bucyrus |
| Year of Construction | 2009 |
| Units | 60 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
1065 E Beal Ave Bucyrus Multifamily Investment
Positioned in a renter-supported rural pocket with steady neighborhood occupancy, this 2009-built, 60-unit asset offers durable workforce appeal, according to WDSuite’s CRE market data.
The property sits in a Rural neighborhood of the Bucyrus-Galion, OH metro with a B- neighborhood rating. Local renters benefit from manageable rent levels relative to incomes, and the neighborhood s occupancy is stable. Renter-occupied units account for 36.4% of housing, placing the neighborhood 4th out of 22 metro neighborhoods top quartile locally for renter concentration which supports a consistent tenant base for multifamily.
Construction patterns in this area skew older (average vintage 1963 across the neighborhood), while the subject s 2009 construction is newer than much of the competitive stock. For investors, a 2009 vintage can offer a relative edge on building systems and curb appeal versus older alternatives, though standard capital planning for mid-life components remains prudent.
Amenities in the immediate vicinity are limited, and residents typically rely on regional corridors for groceries, pharmacies, parks, and childcare. Dining options are modest within the neighborhood. This amenity profile aligns with workforce housing dynamics where drive-to services are common; leasing strategies should emphasize on-site convenience and property-level services to support retention.
From a pricing and demand standpoint, neighborhood median contract rents are low, and the rent-to-income ratio indicates relatively light affordability pressure, which can aid renewal rates and provide measured pricing flexibility. At the same time, lower home values in the area imply that ownership is comparatively accessible, which may introduce some competition with renting; multifamily positioning that highlights convenience and professional management can mitigate this risk. These takeaways are based on CRE market data from WDSuite and reflect neighborhood-level, not property-specific, metrics.
Safety trends are generally favorable compared with national benchmarks. Neighborhood crime conditions track safer than many areas nationwide (overall crime safety sits around the upper-third nationally), and recent year data show notable improvement: estimated violent offenses declined by roughly half year over year (86th percentile improvement nationally), while property offenses also fell meaningfully. These are neighborhood-level indications and can support resident retention and leasing stability in a workforce housing context.
Regional employment access is anchored by large corporate operations within commuting range, supporting workforce renter demand and lease stability, particularly among residents commuting to energy and industrial offices such as Marathon Petroleum and Parker-Hannifin.
- Marathon Petroleum energy & refining (39.8 miles) HQ
- Parker-Hannifin Corporation industrial manufacturing offices (44.2 miles)
Built in 2009 with 60 units, 1065 E Beal Ave competes against older neighborhood stock and serves a renter base characterized by stable occupancy and a top-quartile renter-occupied share within the metro. Low neighborhood rents relative to incomes support retention and measured rent growth potential, while newer vintage versus area norms suggests competitive positioning with manageable mid-life capex planning.
According to WDSuite s commercial real estate analysis, the 3-mile radius shows stable renter demand today with forecasts pointing to household growth, which can expand the tenant base and support occupancy over time. Limited nearby amenities and comparatively accessible homeownership are considerations, but workforce-oriented positioning and professional management can help sustain leasing performance.
- 2009 vintage competes well versus older neighborhood stock
- Renter-occupied share in the neighborhood ranks top quartile locally, supporting demand depth
- Low neighborhood rent-to-income dynamics aid renewal and pricing flexibility
- Forecast household growth within 3 miles supports long-term occupancy stability
- Risks: limited nearby amenities and accessible homeownership may constrain pricing power