| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 26th | Poor |
| Demographics | 44th | Poor |
| Amenities | 35th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1612 Remington Ave, Sandusky, OH, 44870, US |
| Region / Metro | Sandusky |
| Year of Construction | 1974 |
| Units | 33 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
1612 Remington Ave Sandusky Multifamily Investment
Stable renter demand is supported by a growing renter-occupied share in the surrounding area, according to WDSuite’s CRE market data. While current neighborhood occupancy trends are softer, projections indicate an expanding tenant base that can underpin leasing over a multi-year hold.
Sandusky’s local dynamics around 1612 Remington Ave are mixed but investable for workforce-oriented rentals. Neighborhood grocery access ranks 6th of 26 in the metro (competitive and within the top quartile among Sandusky neighborhoods), and park access ranks 3rd of 26 (also top quartile), supporting everyday convenience and livability. Restaurant density ranks 9th of 26 (competitive), while limited pharmacies and cafes temper the amenity set. These contextual factors can aid retention even as leasing conditions cycle.
The asset’s 1974 vintage is slightly newer than the neighborhood’s average construction year (1972), suggesting relative competitiveness versus older housing stock. That said, systems at this age may require targeted capital planning; selective renovations or common-area upgrades can position the property well against older comparables without overcapitalizing.
Within a 3-mile radius, demographics point to a larger renter pool over the next several years: households are projected to increase and the renter-occupied share is expected to rise, which supports depth of demand for multifamily. Near-term population softness gives way to forecast population growth, implying more renters entering the market and improving lease-up prospects if supply remains in check.
Affordability dynamics are a key consideration. Neighborhood rent-to-income is moderate, which can support lease stability and renewal rates, but the area’s relatively accessible ownership costs may introduce competition for some price-sensitive renters. On balance, this mix argues for a value-focused positioning strategy that prioritizes retention over aggressive rent pushes.
Safety indicators compare favorably to national benchmarks while landing around the middle of the pack locally. The neighborhood’s crime ranking is 20th out of 26 Sandusky neighborhoods, indicating it trails the metro average, yet national percentiles suggest comparatively safer conditions versus many U.S. neighborhoods. Recent data also shows property offenses declining year over year, which is a constructive trend for leasing confidence and resident retention.
Interpreting these signals conservatively, investors can view safety as supportive but not a primary differentiator within the metro. Monitoring trend direction and management practices should help sustain performance relative to nearby alternatives.
Regional employers within commuting range contribute to a diversified workforce base that can support renter demand, notably in technology and transportation services reflected below.
- Texas Instruments — semiconductor technology offices (40.0 miles)
- TravelCenters of America — travel plaza & logistics services (40.3 miles) — HQ
This 1974-vintage asset benefits from neighborhood convenience (top-quartile parks and competitive grocery access) and an outlook of renter pool expansion within a 3-mile radius. While current neighborhood occupancy trails stronger Sandusky subareas, the projected rise in renter-occupied share and household counts supports a thesis of steady demand with room to add value through targeted upgrades and disciplined operations. According to CRE market data from WDSuite, rent-to-income levels are moderate, suggesting retention can be supported by a value-focused approach rather than outsized rent growth.
Key considerations include accessible home values that may compete with rentals at the margin and the need for ongoing capital planning typical of 1970s construction. Execution centered on resident experience, unit turns, and measured renovations should help capture demand as the local renter base grows.
- Competitive neighborhood convenience with top-quartile parks and solid grocery access supporting retention
- Renter pool expansion expected within 3 miles, reinforcing leasing depth over time
- 1974 vintage offers value-add potential via selective system and interior upgrades
- Moderate rent-to-income profile supports renewal strategies over aggressive rent pushing
- Risks: softer neighborhood occupancy today and more accessible ownership options may pressure pricing power