| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 36th | Poor |
| Demographics | 42nd | Good |
| Amenities | 29th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 820 Highland Ave, Washington Court House, OH, 43160, US |
| Region / Metro | Washington Court House |
| Year of Construction | 1981 |
| Units | 42 |
| Transaction Date | 2001-10-19 |
| Transaction Price | $595,000 |
| Buyer | LAGOS APARTMENTS III INC |
| Seller | CAMELLIA COURT APARTMENT |
820 Highland Ave, Washington Court House Multifamily
Stabilized occupancy and a renter base supported by local employment point to durable cash flow, according to WDSuite’s CRE market data, with upside from thoughtful value-add on a 1981 vintage asset.
The property sits in a Rural neighborhood rated A- and is competitive among Washington Court House neighborhoods (ranked 4 of 15). Day-to-day convenience is serviceable: grocery access tracks near the national midpoint, while cafe density performs in the top quartile nationally. Parks and pharmacies are sparse, so on-site amenities and practical unit features can be a differentiator for resident retention.
Schools in the area rate below the national median (average around 2 out of 5), which may shape tenant mix but does not preclude steady workforce demand. Neighborhood occupancy has held near the metro median with a modest uptick in recent years, supporting income stability for well-managed assets.
Within a 3-mile radius, demographics show a modest increase in population and essentially flat household counts historically, with forecasts indicating a larger household base over the next five years — a signal of renter pool expansion. About two-fifths of housing units are renter-occupied, indicating a meaningful tenant base for multifamily leasing without overreliance on any single cohort.
Home values sit below national norms, and rent levels remain relatively accessible locally. For investors, this combination can sustain occupancy and lease retention, though pricing power may be measured and should be driven by renovations and service quality rather than outsized rent steps.
Safety trends are mixed and should be evaluated at the neighborhood scale rather than block-by-block. Compared with other Washington Court House neighborhoods (15 total), recent crime ranks indicate weaker relative positioning locally; however, national percentiles land around the middle to slightly safer-than-average for violent and property offenses. Year over year, both violent and property incidents have declined, which is a constructive directional signal for long-term operations.
Regional employment is anchored by distribution, retail headquarters, and corporate services within commuting range, supporting workforce housing demand and daily drive-time convenience. Notable nearby employers include Staples Fulfillment Center, Big Lots, Waste Management, The Xerox Company, and Avnet Services.
- Staples Fulfillment Center — logistics & distribution (26.2 miles)
- Big Lots — retail HQ and corporate offices (35.0 miles) — HQ
- Waste Management — environmental services (35.0 miles)
- The Xerox Company — tech & document services (35.2 miles)
- Avnet Services — IT services (35.2 miles)
This 42-unit, early-1980s multifamily asset offers a durable cash-flow profile in a neighborhood that performs competitively within the Washington Court House metro. Neighborhood occupancy trends hover near the metro median, supporting steady collections, while accessible rent levels and a renter-occupied share near two-fifths within a 3-mile radius point to depth in the tenant base. Based on CRE market data from WDSuite, ownership costs remain relatively accessible locally, suggesting retention can be driven by service and targeted upgrades rather than aggressive rent steps.
Built in 1981, the property is newer than the area’s average vintage, which can be a leasing advantage versus older stock. Investors may find practical value-add in kitchens, baths, and energy systems to enhance NOI without overreaching on premiums. Forward-looking demographics within 3 miles indicate population growth and a larger household base, which supports occupancy stability and leasing velocity for well-managed product.
- Competitive neighborhood standing with occupancy near the metro median
- Early-1980s vintage offers value-add upside against older local stock
- Renter base supported by regional employers and accessible rent levels
- Demographic outlook within 3 miles points to a larger household base and stable leasing
- Risks: below-median school ratings, thinner park/pharmacy amenities, and locally weaker crime ranks versus metro peers