| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 50th | Good |
| Demographics | 19th | Poor |
| Amenities | 29th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1001 Lewis St, Washington Court House, OH, 43160, US |
| Region / Metro | Washington Court House |
| Year of Construction | 2006 |
| Units | 50 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
1001 Lewis St, Washington Court House Multifamily
Neighborhood occupancy is above the metro median with a solid renter base, according to WDSuite’s CRE market data, supporting stable operations for a 2006-vintage asset. Relative positioning suggests steady demand with room for selective value-add rather than reliance on outsized rent growth.
Located in an inner-suburb pocket of Washington Court House, the neighborhood carries a B+ rating and posts an occupancy rate around 93.5%, ranking 6 of 15 locally — above the metro median and in the 62nd percentile nationally. This positioning points to comparatively steady leasing conditions that can support income durability.
The local renter-occupied share is high (ranked 2 of 15, 89th percentile nationally), indicating a deep tenant base for multifamily. Within a 3-mile radius, demographics show modest population growth historically with projections for further expansion and slightly smaller household sizes — dynamics that typically sustain renter pool expansion and support occupancy stability.
Amenity access is mixed: dining density is competitive in the metro (ranked 2 of 15), pharmacies are relatively accessible (ranked 1 of 15), while cafes and parks are limited. For investors, that blend suggests everyday convenience is adequate, though lifestyle amenities are thinner than in larger metros — positioning the submarket more toward value-oriented, workforce renters than discretionary lifestyle demand.
Home values are comparatively lower for the region, which can introduce some competition from ownership options. At the same time, neighborhood rent-to-income ratios trend higher, signaling affordability pressure that may temper pricing power. For multifamily operators, the implication is to emphasize retention and lease management while using targeted upgrades to differentiate versus older stock.
Vintage matters: the average neighborhood construction year skews older (1961). A 2006-built community competes favorably versus that baseline, with systems that are newer than much of the local inventory; investors should still plan for mid-life capital items and selective modernization to sustain competitive positioning.
Safety indicators compare favorably at the national level while sitting mid-to-lower tier within the Washington Court House metro. The neighborhood’s overall crime profile ranks 10 out of 15 locally, yet national percentiles are stronger (around the low 70s for composite measures), placing the area above many neighborhoods nationwide. Recent trend data shows estimated property and violent offenses declining year over year, which is a constructive signal for long-term operations.
For investors, this translates to a market that is relatively competitive nationally with improving trend lines, but one that may still require standard security and lighting protocols to meet resident expectations within the metro context.
Regional employers within commuting range provide a diversified backdrop for workforce housing demand, with distribution, retail headquarters, and utilities/insurance anchors that can support tenant retention and leasing stability.
- Staples Fulfillment Center — distribution (24.4 miles)
- Big Lots — retail HQ and offices (33.3 miles) — HQ
- Waste Management — environmental services offices (33.7 miles)
- The Xerox Company — business services offices (33.9 miles)
- Avnet Services — technology services (33.9 miles)
- Avnet Services - LifeCycle Solutions — technology services (34.8 miles)
- American Electric Power — utilities (36.8 miles) — HQ
- Nationwide — insurance (37.1 miles) — HQ
- Dr Pepper Snapple Group — beverage distribution (41.4 miles)
- Cardinal Health — healthcare distribution (41.9 miles)
1001 Lewis St offers a 2006-vintage, approximately 50-unit community in a neighborhood where occupancy is above the metro median and renter concentration is high. The asset competes against an older local stock base, creating room for selective upgrades to drive differentiation while retaining value positioning. According to CRE market data from WDSuite, the neighborhood posts competitive national standing on safety measures and stable occupancy, supporting income durability.
Within a 3-mile radius, demographics point to modest population growth ahead and slightly smaller household sizes, both supportive of a larger tenant base over time. While ownership is comparatively accessible for the region, rent-to-income dynamics suggest residents face some affordability pressure, making retention, renewal strategies, and disciplined expense control central to the thesis.
- 2006 vintage vs. older neighborhood stock supports competitive positioning with targeted modernization potential.
- Above-median neighborhood occupancy and high renter concentration support leasing stability.
- 3-mile demographic trends indicate a gradually expanding renter pool, aiding long-term demand.
- Regional employers within commuting range provide diversified workforce demand.
- Risks: affordability pressure may limit pricing power; amenity depth is modest, requiring focus on resident experience and retention.