| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 50th | Good |
| Demographics | 19th | Poor |
| Amenities | 29th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1215 Gregg St, Washington Court House, OH, 43160, US |
| Region / Metro | Washington Court House |
| Year of Construction | 1986 |
| Units | 45 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
1215 Gregg St Washington Court House, OH Multifamily Investment
Neighborhood occupancy is above the metro median and supported by a renter-occupied share in the top quartile locally, according to WDSuite’s CRE market data. These are neighborhood-level dynamics that point to steady tenant demand near 1215 Gregg St.
The neighborhood surrounding 1215 Gregg St shows above-metro-median occupancy, indicating stable leasing conditions at the neighborhood level rather than the property itself. Renter-occupied housing comprises a large share of units and ranks in the top quartile among 15 metro neighborhoods, suggesting a deep tenant base for multifamily operators.
Within a 3-mile radius, demographics reflect modest population growth recently with forecasts pointing to continued expansion and a slight downshift in average household size by 2028. Together, these trends indicate a gradually expanding renter pool and support for occupancy stability over the medium term.
Ownership costs in the area skew high relative to local incomes, with the neighborhood’s value-to-income ratio placing it in the top quartile nationally. That context generally sustains reliance on rental housing and can aid lease retention. At the same time, rent-to-income near one-third signals affordability pressure to monitor for renewal risk and pricing decisions.
Daily-needs access is serviceable: restaurant density is above the national median and pharmacy access is comparatively strong, while parks and cafés are limited. For investors, this mix suggests dependable essentials with fewer lifestyle amenities, a profile typical of inner-suburban workforce housing.
According to WDSuite’s CRE market data at the neighborhood level, overall safety benchmarks trend better than the national median (around the 73rd percentile nationally), placing the area on the safer side compared to many U.S. neighborhoods. Property and violent offense rates sit near the national middle but have improved materially over the past year, indicating a favorable direction of change rather than a block-level guarantee.
Investors should view this as a constructive trend signal for the broader neighborhood. As always, on-site due diligence and time-of-day observations remain important to assess micro-location conditions around the property.
The employment base within commuting range is anchored by regional corporate operations, supporting workforce housing demand and commute convenience. Nearby employers include Staples Fulfillment Center, Big Lots, The Xerox Company, Avnet Services, and Waste Management.
- Staples Fulfillment Center — distribution (24.3 miles)
- Big Lots — retail HQ & offices (33.0 miles) — HQ
- The Xerox Company — corporate offices (33.5 miles)
- Avnet Services — technology services (33.6 miles)
- Waste Management — environmental services (33.9 miles)
1215 Gregg St is a 45-unit, 1986-vintage asset in an inner-suburban neighborhood where occupancy trends run above the metro median. The property’s vintage is newer than much of the local housing stock (average year 1961), which can enhance competitive positioning while still leaving room for targeted system updates and light renovations. According to CRE market data from WDSuite, a high renter concentration at the neighborhood level underscores depth of demand, and modest 3-mile population growth with projected increases in households points to a gradually expanding tenant base.
Market context is supportive for rental housing: ownership costs are elevated relative to incomes locally, reinforcing reliance on multifamily, while restaurant and pharmacy access meets everyday needs despite fewer lifestyle amenities. Key watch items include rent-to-income levels near one-third and the smaller-market setting, both of which call for disciplined lease management and thoughtful capital planning.
- Above-metro-median neighborhood occupancy supports leasing stability
- 1986 vintage is newer than area average, with value-add via selective updates
- Strong renter-occupied share indicates depth of tenant demand
- 3-mile population and household expansion bolster the renter pool
- Risks: rent-to-income pressure and limited amenities in a smaller market