| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 51st | Best |
| Demographics | 41st | Good |
| Amenities | 34th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 6533 Fairdale Dr, Cambridge, OH, 43725, US |
| Region / Metro | Cambridge |
| Year of Construction | 2009 |
| Units | 40 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
6533 Fairdale Dr, Cambridge OH Multifamily Opportunity
Neighborhood renter concentration is above the metro median and supports a dependable tenant base, according to WDSuite s CRE market data, though occupancy trends suggest disciplined lease management remains important at the submarket level.
The property s 2009 vintage is newer than the neighborhood s average construction year (1968), positioning it competitively versus older local stock while still warranting routine capital planning as building systems age. For multifamily investors, newer product can aid leasing velocity and help reduce near-term renovation scope compared with legacy assets.
Local livability is mixed: restaurant density ranks competitive among Cambridge s 24 neighborhoods (3rd), and grocery access also ranks near the front (3rd), but parks, cafes, childcare, and pharmacies are sparse within the immediate neighborhood. This pattern favors drive-to convenience for daily needs rather than walkable amenity clustering.
Renter concentration is meaningful at the neighborhood level (ranked 2nd of 24 for renter-occupied share), indicating depth in the tenant pool. Within a 3-mile radius, demographics show stable recent population with a slight decline over the past five years and a projected increase by 2028, alongside a reduction in average household size. For investors, that combination typically points to more households and a broader renter pool over time, supporting occupancy stability and steady leasing.
Ownership costs appear elevated relative to local incomes compared with many U.S. neighborhoods (high national percentile for value-to-income ratio), which can sustain reliance on multifamily rentals. At the same time, neighborhood rent-to-income levels suggest moderate affordability pressure, underscoring the importance of thoughtful pricing and renewal strategies to preserve retention. These dynamics, based on commercial real estate analysis from WDSuite, frame a market where attainable, well-maintained units can capture consistent demand.
Neighborhood safety signals are mixed in a regional context. The area ranks competitive among Cambridge neighborhoods (9th of 24), and national percentiles indicate comparatively favorable safety versus many neighborhoods nationwide. However, recent year-over-year changes in estimated offense rates point to volatility, so underwriting should incorporate trend monitoring rather than relying solely on a single-year snapshot.
As with any property-level diligence, investors should use multiple sources and time horizons to contextualize neighborhood conditions, recognizing that metrics reflect broader neighborhood patterns rather than this specific property.
Distribution and logistics employment in the wider area provides commute-accessible jobs that can support renter demand and retention for workforce-oriented units, including the Autozone distribution node noted below.
- Autozone Distribution Center distribution/logistics (15.1 miles)
Built in 2009 with 40 units, the asset offers relatively newer construction versus the neighborhood s older housing stock, supporting competitive positioning and potentially lighter near-term renovation scope. According to CRE market data from WDSuite, the surrounding neighborhood posts strong operating backdrops by metro standards (notably high NOI per unit), while neighborhood occupancy trends point to steady but management-sensitive leasing performance.
Demographic data within a 3-mile radius indicates a projected increase in population and households by 2028, with smaller average household sizes a setup that can expand the renter pool and support occupancy stability. Elevated ownership costs relative to incomes reinforce renter reliance on multifamily, though moderate rent-to-income ratios suggest investors should balance pricing power with renewal-focused lease management. Routine capital planning remains prudent as the asset ages into its mid-life.
- 2009 construction provides a competitive edge versus older neighborhood stock, with potential for targeted, not wholesale, renovations.
- Strong neighborhood operating backdrop (high NOI per unit) supports underwriting confidence, per WDSuite s market data.
- Projected growth in households within 3 miles expands the renter pool and underpins leasing stability.
- Ownership costs relative to incomes sustain demand for rentals, aiding tenant retention for well-positioned units.
- Risks: modest neighborhood occupancy levels, sparse nearby walkable amenities, and recent safety volatility warrant active asset and lease management.