| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 48th | Good |
| Demographics | 60th | Good |
| Amenities | 31st | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 2800 S Main St, Findlay, OH, 45840, US |
| Region / Metro | Findlay |
| Year of Construction | 2000 |
| Units | 35 |
| Transaction Date | 1999-06-23 |
| Transaction Price | $2,350,000 |
| Buyer | BIDDULPH RIDGE LTD |
| Seller | GREENBRIER ASSOC |
2800 S Main St Findlay Multifamily Investment
Neighborhood occupancy trends are strong and comparatively stable, according to WDSuite s CRE market data, supporting steady renter demand for well-managed assets in Findlay s inner suburb.
This Inner Suburb neighborhood ranks 6 out of 31 within the Findlay, OH metro, placing it in the top quartile locally with an A- neighborhood rating. Multifamily fundamentals are reinforced by a high neighborhood occupancy level (measured for the neighborhood, not the property) that sits in the top quartile nationally, indicating solid leasing depth and fewer vacancy-driven concessions.
The property s 2000 construction is newer than the neighborhood s typical 1960s housing stock. That newer vintage can provide a competitive edge versus older assets, while investors should still plan for age-related systems updates and selective modernization to sustain rent positioning.
Household tenure patterns point to a meaningful renter-occupied share (around two-fifths of units) both in the neighborhood and within a 3-mile radius, which supports a broad tenant base and ongoing leasing velocity. Median rent levels and a rent-to-income profile closer to mid-range suggest manageable affordability pressure, aiding retention while leaving room for disciplined revenue management.
Livability is balanced rather than amenity-rich: park access is competitive among Findlay neighborhoods (ranked 2 of 31), grocery coverage is above the metro median, while cafes and pharmacies are limited within the immediate area. Schools trend favorable for the metro, with the neighborhood s average rating near the top of 31 and in the top quartile nationally, a factor that can support family-oriented renter demand. Restaurant density sits around the metro median, offering everyday options without destination-scale clustering.
Within a 3-mile radius, recent population change has been generally stable, and projections point to population growth and an increase in households alongside gradually smaller average household sizes. For investors, that combination typically expands the renter pool and supports occupancy stability and renewal probabilities over the medium term.
Safety indicators for this neighborhood track below national benchmarks and trend weaker than many parts of the Findlay metro (ranked 27 out of 31 locally). In national terms, the area sits in a lower percentile for safety, so underwriting should incorporate conservative assumptions for security measures and potential operational costs.
Recent data also show an uptick in property-related offenses versus the prior year at the neighborhood level. While conditions can vary block to block, a comparative approach focusing on well-lit premises, access control, and resident communication can help mitigate risk relative to regional norms.
Proximity to regional employers supports renter demand through commute convenience and workforce stability, led by energy and manufacturing corporate offices noted below.
- Marathon Petroleum energy & corporate services (2.3 miles) HQ
- Owens-Illinois packaging & manufacturing (36.2 miles) HQ
- Dana automotive components (39.1 miles)
- Dana Holding automotive components (39.1 miles) HQ
Built in 2000, this 35-unit asset benefits from a newer vintage relative to the neighborhood s older housing base, offering competitive positioning against legacy stock and potential to capture tenants seeking more contemporary finishes. Neighborhood occupancy is elevated for the metro and sits in the top quartile nationally; based on CRE market data from WDSuite, that backdrop supports steady leasing, measured rent growth, and fewer prolonged vacancies when operations are disciplined.
Demand drivers are diversified: renter-occupied share near two-fifths signals depth in the tenant base, schools perform comparatively well for the metro, and nearby corporate employers add daytime population and commute convenience. Within a 3-mile radius, projections indicate population growth and more households alongside slightly smaller household sizes a mix that typically expands the renter pool and supports renewal rates. Key watch items include safety metrics that lag metro averages and a local amenity mix that is functional but not dense, which places a premium on property-level features and management quality.
- Newer 2000 vintage versus older neighborhood stock, with selective modernization opportunities
- Top-quartile neighborhood occupancy nationally supports leasing stability and pricing discipline
- Renter concentration and solid schools underpin a broad tenant base
- Employer proximity (energy, manufacturing) adds commute-driven demand support
- Risks: safety ranks below metro norms and amenity density is limited; underwrite for security and asset-level enhancements