| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 51st | Best |
| Demographics | 61st | Good |
| Amenities | 48th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 2928 N Main St, Findlay, OH, 45840, US |
| Region / Metro | Findlay |
| Year of Construction | 2007 |
| Units | 28 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
2928 N Main St, Findlay OH Multifamily Investment
2007-vintage, 28-unit asset positioned in a suburban corridor with steady renter demand and neighborhood occupancy trending in the low-90s, according to WDSuite’s CRE market data. With smaller average unit sizes supporting attainable rents, the location favors workforce tenants seeking convenience to area employers.
Rated A and ranked 3rd of 31 within the Findlay, OH metro, the neighborhood is competitive among Findlay neighborhoods for overall livability. Amenities are balanced: cafes (ranked 4 of 31; top quartile locally and strong relative to national peers) and childcare options (3 of 31; top quartile locally) contribute to daily convenience, while grocery and restaurants (each 5 of 31) are also competitive in the metro. Average school ratings align above many peers (ranked 6 of 31; above metro median), which can aid retention among household renters.
The property’s 2007 construction is newer than the neighborhood’s average vintage (1988), signaling relative competitiveness versus older stock; investors should still underwrite routine modernization of interiors and building systems over the hold to maintain leasing velocity.
Within a 3-mile radius, demographics indicate a broad renter pool today with projections calling for population growth and a sizable increase in households over the next five years; smaller projected household sizes point to more households per capita, which typically supports demand for rental units and occupancy stability. Renter-occupied share within 3 miles is roughly 46%, suggesting a deep tenant base for multifamily.
Ownership costs in this submarket sit near national norms, while rent-to-income appears manageable, reinforcing lease retention and measured pricing power rather than aggressive rent-ups. Neighborhood occupancy trends are below the metro median, so proactive leasing and renewals remain important to sustain performance.
Relative to national comparisons, the neighborhood sits in lower safety percentiles, and within the Findlay metro it ranks toward the higher-crime end (crime rank 30 out of 31 neighborhoods). Property offenses are elevated versus national norms and have risen year over year, while violent offense rates also track below national safety percentiles. These signals warrant standard diligence on property-level security, lighting, and resident policies, and a review of trendlines by subarea rather than block-level conclusions.
The area draws steady renter demand from a diverse employer base, with commute-friendly access to energy, manufacturing, and materials headquarters that support workforce housing and retention.
- Marathon Petroleum — energy HQ (2.8 miles) — HQ
- Owens-Illinois — glass packaging (31.2 miles) — HQ
- Dana Holding — auto parts (34.0 miles) — HQ
- Owens Corning — building materials (39.8 miles) — HQ
This 28-unit, 2007-built asset offers newer-vintage positioning relative to a largely 1980s-era neighborhood stock, supporting competitive leasing with modest modernization. The location benefits from a broad workforce tenant base and daily-life amenities that are competitive in the Findlay metro, while rent levels relative to incomes suggest manageable affordability that can aid retention. According to CRE market data from WDSuite, neighborhood occupancy trends trail the metro median, so execution will hinge on active leasing and renewals rather than outsized rent growth.
Forward-looking demographics within a 3-mile radius point to population growth, a notable increase in households, and smaller household sizes, all of which can expand the renter pool and support steady absorption. Proximity to anchor employers provides a durable demand backstop, while ownership costs near national norms imply sustained reliance on rental housing for many households.
- Newer 2007 vintage versus local average, with practical modernization upside
- Workforce location near major employers supports tenant demand and renewals
- Balanced amenity mix and above-median school ratings aid leasing stability
- Manageable rent-to-income dynamics provide measured pricing power
- Risk: Neighborhood safety and below-metro occupancy require attentive leasing and security planning