| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 55th | Best |
| Demographics | 50th | Good |
| Amenities | 71st | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1230 Adrien Ave, Greenville, OH, 45331, US |
| Region / Metro | Greenville |
| Year of Construction | 2006 |
| Units | 61 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
1230 Adrien Ave Greenville OH 61-Unit Multifamily
Neighborhood occupancy is strong and amenities are competitive for the Greenville metro, supporting stable renter demand, according to WDSuite’s CRE market data. Built in 2006, the asset’s newer vintage versus local stock positions it well against older comparables.
This Inner Suburb neighborhood ranks at the top of 35 Greenville, OH neighborhoods (A+ rating), indicating strong local fundamentals for multifamily. Amenity access is a local strength, with grocery, restaurants, pharmacies, parks, cafes, and childcare density placing the area in the top quartile nationally, which can support day-to-day convenience and leasing appeal.
Neighborhood occupancy is high (top decile nationally), a positive backdrop for maintaining rent rolls and limiting downtime. Median contract rents in the neighborhood are relatively low, which helps sustain retention and may allow measured rent optimization over time without materially increasing affordability pressure. The rent-to-income ratio sits in a favorable national percentile, suggesting tenants have some capacity for incremental increases as units are repositioned.
Construction in this area skews older (average 1985), so a 2006-vintage property is competitively newer versus much of the nearby stock. That positioning can reduce near-term capital needs while still leaving opportunity for selective modernization to capture demand.
Within a 3-mile radius, population and household counts have grown modestly and are projected to expand further, pointing to a larger tenant base ahead. Renter-occupied share is meaningful at both the neighborhood level and within the 3-mile area, reinforcing depth of demand for multifamily units and supporting occupancy stability.
Schools test around the national midpoint, which is adequate for a workforce-oriented renter base. Home values in the neighborhood are below national medians, creating a more accessible ownership market; for investors, this implies a balanced dynamic where multifamily competes on convenience and flexibility rather than price alone.
Safety indicators are comparatively favorable versus neighborhoods nationwide, with overall crime levels testing in higher national percentiles for safety. Within the Greenville metro context (35 neighborhoods), this area performs above the metro average.
Recent trends are mixed: estimated property offenses have declined notably year over year, while estimated violent offenses increased over the same period. For investors, this calls for routine monitoring of trend data and standard property-level measures (access control, lighting, and management presence) to help sustain resident confidence.
- Waste Management — waste & environmental services (43.5 miles)
Regional employers within commute range contribute to demand from working households; nearby Waste Management represents industrial and essential-services employment that can support stable renter profiles.
The 61-unit property at 1230 Adrien Ave combines a 2006 vintage with a neighborhood that ranks at the top of the Greenville metro, supporting leasing stability and competitive positioning versus older stock. Neighborhood occupancy is strong and median rents are comparatively low, creating room for thoughtful value-add and rent optimization while maintaining an affordability cushion for retention, based on CRE market data from WDSuite.
Demand fundamentals are reinforced by a meaningful renter-occupied share locally and within a 3-mile radius, with population and households projected to expand, pointing to a larger tenant base over time. While schools sit near the national midpoint and ownership is relatively accessible, multifamily can compete on convenience, flexibility, and refreshed interiors. Safety readings are generally favorable nationally, though mixed year-over-year trends warrant prudent management oversight.
- Top-ranked Greenville neighborhood with strong occupancy supporting leasing stability
- 2006 construction offers competitive edge versus older local stock with selective upgrade potential
- Low median rents and favorable rent-to-income dynamics support measured rent growth strategies
- 3-mile population and household growth signals a gradually expanding renter pool
- Risks: accessible homeownership options, modest school ratings, and mixed recent safety trends require disciplined asset management