| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 33rd | Good |
| Demographics | 43rd | Good |
| Amenities | 6th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1780 Whetstone St, Bucyrus, OH, 44820, US |
| Region / Metro | Bucyrus |
| Year of Construction | 2002 |
| Units | 45 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
1780 Whetstone St Bucyrus 45-Unit Multifamily Investment
Neighborhood occupancy in the low-90s and a renter-occupied share near one-third point to a stable tenant base for workforce housing, according to WDSuite’s CRE market data.
Located in Bucyrus, Ohio, the property sits in a Rural neighborhood with a B- rating where renter concentration ranks in the top quartile among 22 metro neighborhoods. That mix supports depth for multifamily demand while still leaving room to capture renters moving from ownership or single-family options.
Amenity density is limited locally (few cafes, groceries, parks, or childcare within immediate proximity), while restaurant availability is competitive among Bucyrus-Galion neighborhoods relative to the rest of the metro. For investors, this suggests value positioning and convenience-driven leasing may matter more than lifestyle-driven premiums.
Neighborhood occupancy trends are near the national midpoint, and rent-to-income ratios indicate relatively low affordability pressure for renters, which can aid retention but may temper near-term pricing power. Median home values are comparatively low for the region, implying some competition from ownership; however, this also keeps multifamily attractive for households prioritizing flexibility and lower upfront costs.
Demographics within a 3-mile radius show recent population softness but forward projections indicate population growth and a notable increase in households, expanding the renter pool and supporting occupancy stability over the next cycle. Based on CRE market data from WDSuite, the neighborhood s newer multifamily relative to older local stock positions well for renters seeking modern layouts at attainable price points.
Safety signals compare favorably versus the broader metro and trend positively year over year. Overall crime conditions sit above the national median, and recent declines in both property and violent offenses suggest improving momentum compared to many neighborhoods nationwide.
Within the metro context, crime-related ranks indicate performance above the metro average among 22 neighborhoods, while national percentiles point to a safer-than-average profile. Investors should still underwrite standard security measures and lighting, but current trends support tenant retention and leasing stability rather than presenting a systemic headwind.
Regional employers provide a diversified employment base that supports workforce rental demand and commuting from Bucyrus, including energy and industrial corporate offices listed below.
- Marathon Petroleum energy (40.0 miles) HQ
- Parker-Hannifin Corporation industrial manufacturing (44.2 miles)
Built in 2002, the asset is meaningfully newer than the neighborhood s average vintage, offering competitive positioning versus older local stock while leaving room for targeted modernization and common-area refreshes to drive rent premiums. Neighborhood occupancy sits near the national midpoint with renter concentration elevated for the metro, supporting a dependable tenant base and steady leasing velocity.
According to CRE market data from WDSuite, ownership costs in the area remain comparatively accessible, which can create competition with for-sale housing, but also sustains demand for flexible rental living. Forward-looking 3-mile demographics indicate population growth and a larger household count, reinforcing long-run demand potential for workforce-oriented units.
- 2002 vintage provides a competitive edge over older neighborhood stock with selective value-add upside.
- Elevated renter concentration in the metro context supports depth of tenant demand and occupancy stability.
- Forecast 3-mile population and household growth expand the renter pool, aiding lease-up and retention.
- Ownership remains accessible locally supportive for flexibility-driven renters but a potential cap on pricing power.
- Low amenity density and rural context require value-focused positioning and attention to on-site convenience.