| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 46th | Best |
| Demographics | 37th | Poor |
| Amenities | 31st | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 3808 Venice Rd, Sandusky, OH, 44870, US |
| Region / Metro | Sandusky |
| Year of Construction | 1998 |
| Units | 39 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
3808 Venice Rd Sandusky Multifamily Investment
Neighborhood occupancy remains above the metro median and renter demand is supported by a balanced tenure mix, according to WDSuite s CRE market data. The 1998 vintage offers competitive positioning against older local stock while leaving room for targeted upgrades.
Located in a suburban pocket of Sandusky, the neighborhood posts an occupancy rate that is above the metro median (ranked 6 out of 26 metro neighborhoods), suggesting steadier lease rollover dynamics at the area level rather than at the property. According to CRE market data from WDSuite, the neighborhood s overall rating is B-, placing it in the middle of the pack locally.
Amenity access is mixed: restaurants are competitive versus national norms (around the 61st percentile nationwide), while grocery availability is near the national midpoint. Caf e9s, parks, and pharmacies are thinner in the immediate neighborhood, so residents typically rely on main corridors for daily needs. For investors, this pattern often supports workforce housing appeal but may limit premium amenity-driven rent premiums.
Relative to the metro, the neighborhood s housing stock skews older on average (1966), which can elevate the competitive profile of a 1998 asset by comparison, though systems modernization may still be prudent for long-term positioning. Home values are in a lower-cost ownership market locally, which can introduce some competition with entry-level ownership, but the area s rent-to-income profile (around the national 29th percentile) points to manageable affordability pressure that can aid lease retention.
Within a 3-mile radius, demographics indicate a stable base today with forecasts showing growth in population and households by 2028, signaling potential renter pool expansion. A modest increase in households alongside a slight historical dip in population implies smaller household sizes and evolving tenant profiles, which can sustain multifamily demand and support occupancy stability over time.
Safety indicators for the neighborhood are broadly favorable in a regional context and competitive nationally. Based on WDSuite s data, the neighborhood sits around the 69th percentile for overall crime safety versus neighborhoods nationwide, and it ranks 16 out of 26 within the Sandusky metro, indicating performance above several local peers.
Recent-year trends show improvement: both violent and property offense rates have moved lower year over year, and safety levels register above the national midpoint (violent offense safety around the 58th percentile and property offense safety around the 62nd percentile). These are neighborhood-level signals and should be interpreted as directional context rather than block-level guarantees.
Regional employers within commuting distance help underpin renter demand, particularly for workforce and mid-income households. The tenant base here can tap roles in manufacturing, advanced materials, and transportation services listed below.
- Owens Corning advanced materials (42.9 miles) HQ
- Texas Instruments semiconductors (44.4 miles)
- Dana Holding Corporation automotive components (44.5 miles)
- Travelcenters Of America transportation services (44.7 miles) HQ
This 39-unit, 1998-vintage property benefits from neighborhood occupancy that is above the metro median (ranked 6 out of 26), supporting prospects for steadier leasing outcomes at the area level. The asset s vintage is newer than the neighborhood s older average stock, which can aid competitive positioning, while still allowing room for selective renovations to enhance tenant retention and push renewals.
According to CRE market data from WDSuite, income fundamentals and lower local ownership costs indicate a deep workforce renter base, with neighborhood NOI performance ranking competitively in the metro and in the top quartile nationally. Within a 3-mile radius, forecasts to 2028 point to growth in population and households, implying a larger tenant base and support for occupancy stability, though limited nearby lifestyle amenities may cap premium rent potential.
- Neighborhood occupancy above metro median supports area-level stability
- 1998 vintage out-competes older local stock with scope for targeted upgrades
- Competitive NOI profile locally; top-quartile signal nationally per WDSuite data
- 3-mile forecasts indicate renter pool expansion through 2028, aiding leasing
- Risks: thinner nearby amenities and entry-level ownership competition may temper pricing power