| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 25th | Poor |
| Demographics | 31st | Poor |
| Amenities | 20th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 265 Libby Ln, Galion, OH, 44833, US |
| Region / Metro | Galion |
| Year of Construction | 1975 |
| Units | 24 |
| Transaction Date | 2015-09-01 |
| Transaction Price | $525,000 |
| Buyer | --- |
| Seller | --- |
265 Libby Ln, Galion OH Multifamily Investment
Neighborhood data point to a sizable renter-occupied base and generally accessible rents that can support stable leasing, according to WDSuite s CRE market data. While occupancy has trended softer locally, investor focus centers on demand durability and careful rent management rather than aggressive growth.
Located in an Inner Suburb pocket of Galion, the neighborhood carries a C rating among 22 metro neighborhoods, placing it below the metro median but with several investor-relevant positives. The local renter-occupied share of housing units is elevated, indicating a deeper tenant base for multifamily compared with ownership-heavy areas. Median rents remain comparatively accessible relative to local incomes, which can reduce affordability pressure and aid retention.
Amenity density is mixed. Grocery access ranks 5th out of 22 metro neighborhoods (above the metro median and competitive locally) and sits in the mid-50s nationally by percentile, while parks score in the high-60s nationally. Dining and cafes are sparse by count, which suggests a more residential feel and underscores the importance of on-site conveniences. School rating data are not available in WDSuite for this neighborhood and should be verified during diligence.
Property vintage is 1975, slightly newer than the area s average construction year of 1967. For investors, this can mean better competitive positioning versus older stock, though building systems are decades old and capital planning for modernization remains prudent.
Within a 3-mile radius, households have grown modestly in recent years despite flat-to-down population trends, implying smaller household sizes and a steady renter pool. Forward-looking projections indicate additional household growth, which would expand the local tenant base and support occupancy stability if realized. Home values are comparatively low for the region, which can increase competition from ownership options; however, accessible rents and a sizable renter concentration can help sustain multifamily demand.
Safety indicators compare favorably against national benchmarks. According to WDSuite s CRE market data, the neighborhood sits in roughly the top third of U.S. neighborhoods for both lower property and violent offense rates (higher national percentiles indicate safer areas). Recent year trends show meaningful declines in violent incidents, which is a constructive signal to monitor for durability.
Within the Bucyrus Galion metro (22 neighborhoods total), safety performance varies by measure and should be evaluated alongside property-level controls such as lighting, access, and resident screening. Investors typically underwrite to regional comps while validating any trend improvements during on-site due diligence.
265 Libby Ln offers a 24-unit footprint in a neighborhood with an above-average renter concentration and generally accessible rents, supporting depth of demand and potential retention. Based on commercial real estate analysis from WDSuite, neighborhood occupancy has softened in recent years, suggesting the need for disciplined leasing and service-driven renewals rather than price-led strategies.
Built in 1975, the asset may benefit from targeted value-add or system updates to sharpen its competitive position versus older local stock. Household growth within a 3-mile radius and stable rent-to-income dynamics point to a durable tenant base, while low area home values introduce some competition from ownership options that should be reflected in marketing and pricing assumptions.
- Elevated renter-occupied share supports a deeper tenant pool and leasing stability
- Accessible rent levels relative to incomes aid retention and reduce turnover risk
- 1975 vintage offers value-add potential through targeted renovations and system upgrades
- Household growth within 3 miles underpins demand and occupancy over time
- Risks: amenity-light location, recent occupancy softness, and competition from local ownership options