| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 34th | Fair |
| Demographics | 43rd | Poor |
| Amenities | 78th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 527 E Market St, Sandusky, OH, 44870, US |
| Region / Metro | Sandusky |
| Year of Construction | 1974 |
| Units | 24 |
| Transaction Date | 2000-06-30 |
| Transaction Price | $437,500 |
| Buyer | MACK IRON WORKS CO |
| Seller | GEORGE L GILBERT TRST |
527 E Market St Sandusky Multifamily Investment
Amenity density and a renter-occupied majority at the neighborhood level point to a durable tenant base, according to WDSuite’s CRE market data, though occupancy levels in the surrounding area warrant underwriting discipline.
This Inner Suburb pocket of Sandusky ranks competitively for daily conveniences, with cafes, restaurants, parks, groceries, and pharmacies scoring in the top national percentiles. For investors, that translates into strong lifestyle appeal and day-to-day convenience that can support leasing and retention relative to other parts of the metro.
The property s 1974 vintage is newer than the neighborhood s older housing stock (average construction year 1950). Newer vintage can provide a competitive edge versus pre-1960s buildings while still offering scope for targeted modernization of systems, common areas, and unit finishes as part of a value-add plan.
Neighborhood housing tenure shows a renter-occupied share around the mid-50% range, placing it above the metro median among 26 Sandusky neighborhoods. For multifamily operators, that indicates a relatively deep local renter base and a wider funnel for leasing activity.
Within a 3-mile radius, demographics point to gradual population growth and a rising household count, with forecasts indicating further expansion and a larger share of renter households by 2028. This supports a broader tenant pool and can help stabilize occupancy through the cycle.
Ownership costs in the immediate area are comparatively low by national standards, which can introduce some competition from entry-level ownership. At the same time, neighborhood median rents track on the lower end nationally, which helps sustain renter reliance on multifamily housing and can aid lease retention if managed with thoughtful pricing. Small average household sizes locally also suggest steady demand for efficient floor plans.
School ratings benchmark on the lower side relative to national peers, which may temper demand from school-focused households. However, the amenity concentration and convenience profile tend to appeal to renters prioritizing proximity to services and employment.
Neighborhood safety indicators sit near the national midpoint, and recent trend data are improving. Based on CRE market data from WDSuite, estimated violent and property offense rates declined materially year over year, which is a constructive signal for long-term operations. As always, investors should compare street-level patterns and recent comps when finalizing underwriting.
Relative to other Sandusky neighborhoods (26 total), the area performs competitively to above the metro average depending on the specific measure and time frame, with recent declines in reported offense rates supporting a cautiously positive outlook.
Regional employers provide a diversified employment base that supports renter demand across Sandusky and adjacent counties. Notable names within commuting reach include Texas Instruments and TravelCenters of America.
- Texas Instruments corporate offices (41.9 miles)
- TravelCenters of America corporate offices (42.1 miles) HQ
527 E Market St offers investors exposure to an amenity-rich Sandusky neighborhood with a renter-leaning housing base and expanding 3-mile household counts that point to a growing tenant pool. The 1974 vintage is newer than the neighborhood average, positioning the asset competitively against older stock while leaving room for value-add upgrades to drive rent positioning and operational efficiency.
Neighborhood-level occupancy trends run softer than national norms, so disciplined leasing assumptions and hands-on asset management are important. Even so, amenity density, lower relative rent levels, and projections for a higher share of renter households support a thesis of stable demand and manageable lease-up risk, based on CRE market data from WDSuite.
- Amenity-rich location supports leasing and retention relative to metro alternatives.
- 1974 construction offers competitive positioning versus older neighborhood stock with clear modernization upside.
- 3-mile forecasts indicate population and household growth with a rising renter share, expanding the tenant base.
- Lower neighborhood rent levels can aid pricing power while maintaining lease retention.
- Risk: Softer neighborhood occupancy and lower school ratings require conservative underwriting and proactive leasing strategy.