| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 52nd | Best |
| Demographics | 75th | Best |
| Amenities | 51st | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 590 W Limestone St, Yellow Springs, OH, 45387, US |
| Region / Metro | Yellow Springs |
| Year of Construction | 1977 |
| Units | 21 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
590 W Limestone St Yellow Springs 21-Unit Multifamily
Stabilized renter demand supported by strong schools and everyday amenities suggests steady leasing prospects, according to WDSuite s CRE market data. Neighborhood occupancy trends sit in the upper half nationally, pointing to durable cash flow potential with prudent operations.
Yellow Springs inner-suburb location performs well within the Dayton Kettering metro. By overall neighborhood rating, it ranks in the top quartile among 228 metro neighborhoods, a signal of balanced fundamentals that can support multifamily performance, based on WDSuite s commercial real estate analysis.
Daily-needs access is a relative strength: grocery and pharmacy presence ranks competitively among metro peers, while dining options are adequate. Parks and cafe density are limited, which can modestly weigh on lifestyle appeal, but do not materially detract from core renter demand drivers for workforce-oriented properties.
Schools rate well above many peers (average around 4 out of 5), a factor that can aid resident retention in family-friendly units. Neighborhood occupancy is in the upper half of U.S. areas tracked and has eased slightly over five years; investors should underwrite to stable but not outsized lease-up assumptions. The share of renter-occupied housing is roughly one-third, indicating a meaningful tenant base without overreliance on rentals.
Within a 3-mile radius, households have increased even as population edged lower, reflecting smaller household sizes and a steady or expanding renter pool. Median home values and a higher value-to-income ratio for the area indicate a relatively high-cost ownership market locally, which tends to reinforce reliance on multifamily rentals and support occupancy stability. Median contract rents remain comparatively accessible, which favors retention but can limit near-term pricing power without clear unit upgrades.
Built in 1977, the property is newer than the neighborhood s older housing stock on average. That positioning can improve competitiveness versus pre-war inventory, though investors should still plan for targeted systems updates and interior modernization to capture renovation-driven rent premiums.
Safety indicators are favorable in comparative terms. The neighborhood sits around the top quartile nationally for lower crime, and WDSuite data shows notable year-over-year declines in both property and violent offense rates. This trajectory supports leasing stability and reduces operational friction, though owners should continue standard security and lighting practices common to similar assets.
Proximity to regional employers supports commuter demand and resident retention, notably in waste services, fulfillment/logistics, health insurance, industrial manufacturing, and retail headquarters.
- Waste Management waste services (9.2 miles)
- Staples Fulfillment Center fulfillment/logistics (27.3 miles)
- Anthem Inc Mason Campus II health insurance (40.4 miles)
- Parker-Hannifin Corporation industrial/manufacturing offices (41.5 miles)
- Big Lots retail corporate offices (43.3 miles) HQ
This 21-unit, 1977-vintage asset benefits from a neighborhood that ranks in the metro s top quartile, solid school quality, and daily-needs convenience that underpins occupancy stability. Rents in the area are relatively manageable against incomes, supporting retention, while elevated ownership costs locally help sustain rental reliance. According to CRE market data from WDSuite, neighborhood occupancy trends track in the upper half nationally, suggesting steady operations with thoughtful leasing and renewal management.
The 1977 vintage is newer than much of the surrounding housing stock, offering a competitive edge versus older properties. Targeted renovations and systems updates can unlock value-add potential and measured rent lifts, though investors should balance this with conservative underwriting given modest amenity depth (limited parks/cafes) and small-asset scale, which can introduce cash flow variability.
- Metro top-quartile neighborhood with strong schools and daily-needs access supports stable leasing
- 1977 vintage newer than local stock potential for value-add through targeted upgrades
- Accessible area rents vs. incomes aid retention; higher ownership costs reinforce renter demand
- Balanced employer base within commuting range underpins workforce housing demand
- Risks: small property scale, slight occupancy softening, and limited park/cafe amenities warrant conservative underwriting