| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 38th | Fair |
| Demographics | 72nd | Best |
| Amenities | 41st | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 512 Berlin Rd, Huron, OH, 44839, US |
| Region / Metro | Huron |
| Year of Construction | 2013 |
| Units | 46 |
| Transaction Date | 2012-10-18 |
| Transaction Price | $72,500 |
| Buyer | HURON SENIOR RESIDENCE LLC |
| Seller | FIVE S INC |
512 Berlin Rd, Huron OH — 46-Unit 2013 Multifamily
Newer-vintage units in an owner-leaning pocket of the Sandusky metro offer durable renter demand and potential pricing power as households grow, according to WDSuite s commercial real estate analysis of neighborhood fundamentals.
The property sits in a rural-feel, A-rated neighborhood that ranks 4th among 26 Sandusky metro neighborhoods, placing it in the top quartile locally. Park and pharmacy access trend above national midpoints (parks around the 74th percentile; pharmacies near the 68th), while overall amenity density is competitive among Sandusky neighborhoods but roughly middle-of-the-pack nationally. Median home values in the area are moderate, which can introduce some ownership competition, yet rent-to-income levels skew favorable for lease retention and measured growth.
Demographic indicators aggregated within a 3-mile radius point to recent population and household growth, with forecasts calling for further expansion and a modest shift toward slightly smaller household sizes. For multifamily investors, that implies a larger tenant base and steady absorption potential rather than a surge-led demand cycle. The neighborhood 27s renter concentration is relatively low, indicating an owner-leaning housing stock; however, growing households and solid incomes (above many national peers) support a stable pool of qualified renters. Based on CRE market data from WDSuite, neighborhood occupancy trends sit below national midpoints, so operators should plan for active leasing and targeted marketing to capture share.
Vintage matters here: with an average local construction year in the mid-1980s, a 2013 asset stands newer than much of the surrounding stock, suggesting competitive positioning versus older comparables while still budgeting for periodic system upgrades and common-area refreshes over the hold. Nearby conveniences are not dense but are present, with restaurants roughly at national midlevels and groceries near the metro median 3b this setup favors car-reliant living with recreational green space as a differentiator.
Safety indicators compare favorably on a national basis. Neighborhood-level estimates place violent incidents around the 90th percentile nationally (safer than most areas) and property offenses near the 83rd percentile, with both categories showing notable year-over-year improvement. In practical terms, this aligns with stable operating conditions and fewer disruption-related leasing headwinds compared with many U.S. neighborhoods.
Within the Sandusky metro (26 neighborhoods total), comparative rank-based views can vary by metric, so investors should focus on the broader trend: high national percentiles and recent declines in estimated incident rates. Operators can underwrite to conventional security measures and resident engagement rather than heightened mitigation strategies, while continuing to monitor changes at the neighborhood level.
Regional employers within commuting distance provide diversified job anchors that support renter demand and retention, including technology manufacturing and travel services noted below.
- Texas Instruments — technology manufacturing offices (33.4 miles)
- Travelcenters Of America — travel services (33.9 miles) — HQ
Built in 2013 with 46 units averaging roughly 1,175 square feet, 512 Berlin Rd offers newer-vintage product in a metro where much of the housing stock predates the late 1980s. That age advantage can translate to lower near-term capital needs and stronger competitive positioning versus older assets, while still planning for routine system maintenance and selective upgrades to sustain absorption and renewal performance.
Neighborhood data shows a growing 3-mile renter pool and solid incomes alongside moderate ownership costs. While the area is owner-leaning and overall occupancy trends run below national midpoints, safety indicators sit in the national top quartile and parks/pharmacy access score well, supporting quality-of-life appeal. According to CRE market data from WDSuite, rent-to-income dynamics are supportive of retention-focused revenue management rather than aggressive, turnover-heavy strategies.
- Newer 2013 vintage versus older local stock supports competitive positioning and moderated near-term capex
- Growing 3-mile population and households expand the tenant base and leasing runway
- Favorable rent-to-income dynamics support retention and measured pricing power
- Safety metrics in the national top quartile reduce disruption risk relative to many U.S. neighborhoods
- Risk: owner-leaning area and below-midpoint neighborhood occupancy require proactive leasing and targeted marketing