| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 50th | Best |
| Demographics | 73rd | Best |
| Amenities | 25th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 729 Cleveland Rd W, Huron, OH, 44839, US |
| Region / Metro | Huron |
| Year of Construction | 1975 |
| Units | 24 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
729 Cleveland Rd W Huron Multifamily Opportunity
Neighborhood fundamentals point to steady renter demand and competitive occupancy relative to Sandusky peers, according to WDSuite’s CRE market data. Strong local schools and generally moderate rent levels underpin retention while pricing remains disciplined.
Huron’s suburban setting offers day-to-day convenience without urban density. Restaurant access scores well versus the region (competitive among 26 Sandusky neighborhoods) and parks are a relative strength nationally, while cafes, groceries, and pharmacies are sparser within the immediate neighborhood—suggesting residents rely on nearby corridors for retail and services. This mix supports quiet livability with access to essentials a short drive away.
School quality is a standout: the neighborhood’s average school rating is in the top quartile nationally and leads the Sandusky metro (ranked best among 26 neighborhoods). For multifamily owners, strong schools typically support demand from family renters and can bolster lease stability.
From an income-and-rent perspective, the area reflects manageable rent burdens (rent-to-income measures rank above national median) and median contract rents remain moderate. Combined with neighborhood occupancy in the low 90s—competitive among Sandusky neighborhoods—this points to stable leasing dynamics rather than outsized volatility, based on CRE market data from WDSuite.
Tenure patterns indicate a renter-occupied share around one-quarter locally, signaling a moderate but reliable tenant base. Within a 3-mile radius, recent population trends softened slightly while household counts increased and are projected to grow further alongside smaller household sizes. For investors, that combination implies a larger tenant base over time and sustained demand for well-sized units.
Ownership costs in the neighborhood sit near national medians. That context can introduce some competition from for-sale options, yet it also supports rental demand where flexible housing is preferred, keeping multifamily positioned for steady absorption rather than sharp swings.
Safety indicators are comparatively favorable: the neighborhood trends in the top quartile nationally for lower crime incidence and is competitive among Sandusky neighborhoods (4th of 26). Year over year, both violent and property offense rates show notable declines, reinforcing a stable operating backdrop. These are area-level signals and may vary by block, but the directional trend is constructive for renter confidence and retention.
Regional employment access includes engineering and logistics hubs within commuting range, supporting workforce housing demand and lease retention for residents employed at Texas Instruments and TravelCenters of America.
- Texas Instruments — semiconductor offices (34.6 miles)
- TravelCenters of America — travel centers & logistics (35.0 miles) — HQ
This 24-unit asset (average unit size ~767 SF) benefits from steady neighborhood occupancy, top-ranked schools within the Sandusky metro, and moderate rent levels that support retention. The submarket’s renter concentration is measured, but sufficient to sustain demand, especially as household counts within a 3-mile radius are projected to rise and average household size trends smaller—expanding the renter pool for well-configured 1–2 bedroom units. According to CRE market data from WDSuite, neighborhood safety and parks access compare favorably against national benchmarks, adding to operating resilience.
Built in 1975, the property likely warrants targeted capital planning for systems and finishes. That vintage can present value-add potential through unit modernization and curb-appeal upgrades, positioning the asset competitively versus older nearby stock. Ownership costs in the area are near national norms, which can temper pricing power at the margin, but the balance of livability, schools, and stable occupancy supports a durable hold thesis.
- Competitive neighborhood occupancy and strong schools support leasing stability
- Moderate rents and manageable rent-to-income dynamics aid retention
- 1975 vintage offers value-add upside through interior and systems upgrades
- Favorable safety and parks access enhance long-term renter appeal
- Risks: smaller renter base and nearby ownership options may limit peak pricing