| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 38th | Good |
| Demographics | 41st | Fair |
| Amenities | 20th | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 712 Lawrence Ave, Wauseon, OH, 43567, US |
| Region / Metro | Wauseon |
| Year of Construction | 1991 |
| Units | 32 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
712 Lawrence Ave Wauseon OH Multifamily Investment
Neighborhood occupancy is near the Toledo metro median, and a modest renter-occupied share indicates a stable but targeted tenant base, according to WDSuite s CRE market data. This positioning suggests steady leasing dynamics with measured rent growth potential rather than outsized volatility.
This rural neighborhood in Wauseon offers quiet living with everyday necessities within reach. Grocery access sits around the metro middle, while cafes, restaurants, parks, and pharmacies are thinner than urban Toledo nodes, pointing to a car-oriented lifestyle. For investors, the amenity pattern underscores resident reliance on in-unit features, parking, and on-site services to support retention.
Neighborhood occupancy is 92.9%, placing it around the metro median among 244 neighborhoods. That backdrop, combined with a renter-occupied share near the low-to-moderate range (about a quarter of units are renter-occupied), indicates depth for workforce housing but a smaller renter pool than urban submarkets. Median contract rents in the neighborhood are on the lower side for the region, which can aid lease stability and limit turnover risk, while also tempering near-term pricing power.
The property s 1991 vintage is newer than the neighborhood s average construction year of 1977. That relative youth can enhance competitiveness versus older stock, though investors should expect selective modernization for systems and common areas to meet current renter expectations.
Within a 3-mile radius, population has edged up in recent years and is projected to continue growing modestly, with forecasts also pointing to an increase in households. This translates into a gradually expanding tenant base that can support occupancy stability, even as household sizes trend smaller. Median home values in the neighborhood sit well below national norms, which means ownership is comparatively more accessible and may compete with multifamily for some households; thoughtful unit finishes and service quality can help sustain lease retention.
Safety indicators are generally around or slightly above the national middle. Compared with neighborhoods nationwide, violent offense levels track above the national median, and property offense levels also compare favorably on a percentile basis. Within the Toledo metro, the neighborhood s overall crime rank sits near the middle of 244 neighborhoods, suggesting neither an outlier risk nor a standout strength.
Recent trends are mixed: estimates show violent offenses declining year over year, while property offenses have risen over the same period. Investors should underwrite routine security measures and lighting, and coordinate with local property management to maintain resident confidence without assuming block-level certainty.
The broader Toledo employment base supports commuter demand from Wauseon, with proximity to automotive components and building materials employers that can underpin workforce housing and retention. Notable nearby employers include Dana, Owens-Illinois, Owens Corning, and related corporate offices.
- Dana Holding automotive components (23.9 miles) HQ
- Dana automotive components (23.9 miles)
- Owens-Illinois glass packaging (26.3 miles) HQ
- Owens Corning building materials (32.9 miles) HQ
- Dana Holding Corporation automotive components (33.9 miles)
This 32-unit, 1991-vintage property benefits from a calm, car-oriented setting with neighborhood occupancy around the metro median and rents that support lease retention. Newer relative to the local 1970s housing stock, the asset can compete on basic finishes and functionality, while targeted upgrades to common areas and systems can unlock incremental value. Based on CRE market data from WDSuite, the renter-occupied share is moderate and homeownership is comparatively accessible, suggesting reliable workforce demand with measured pricing power.
Within a 3-mile radius, modest population growth and a projected increase in households point to a gradually expanding tenant base, which should support occupancy stability. Forecasts calling for softer rents reinforce the case for disciplined expense control and selective value-add to drive returns, rather than relying solely on outsized rent growth. Recent safety trends are mixed, which warrants standard risk management and property-level visibility without implying abnormal exposure.
- 1991 vintage is newer than local stock, offering competitive positioning with targeted modernization potential
- Neighborhood occupancy near metro median supports steady leasing and retention
- Moderate renter concentration and accessible ownership imply workforce demand with measured pricing power
- 3-mile population and household growth expand the tenant base, aiding long-run stability
- Risks: amenity-light rural setting, recent uptick in property offenses, and a cautious rent-growth outlook