| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 34th | Good |
| Demographics | 49th | Good |
| Amenities | 46th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 910 Northernview St, Ada, OH, 45810, US |
| Region / Metro | Ada |
| Year of Construction | 1976 |
| Units | 36 |
| Transaction Date | 2018-08-14 |
| Transaction Price | $680,000 |
| Buyer | NORTHWEST REAL ESTATE LLC |
| Seller | SARA CHERYL ANNE |
910 Northernview St Ada, OH Multifamily Value-Add
Positioned in a top-ranked Hardin County neighborhood with durable renter demand and room to modernize, according to WDSuite’s CRE market data.
Neighborhood fundamentals are favorable for workforce housing. The area ranks 2 out of 16 Hardin County neighborhoods (A-rated), placing it among the most competitive locally. Schools test well relative to peers (ranked 1 of 16; top quartile nationally), supporting family-oriented tenancy and longer lease horizons.
Renter concentration is elevated for the metro (36.3% of housing units are renter-occupied; rank 1 of 16), signaling depth in the tenant base and potential for stable leasing. By contrast, neighborhood occupancy trends sit below the metro median (86.9% with a mid-to-lower rank), so operators should emphasize retention and targeted lease management to support stability.
Everyday conveniences are present but limited, consistent with a rural setting. Grocery, parks, and pharmacy access register near the metro’s upper tier by rank, while café density is thin. For investors, this suggests residents prioritize functional access over lifestyle retail, which often aligns with steady demand at attainable price points.
Within a 3-mile radius, incomes are moderate and ownership costs remain comparatively accessible (home values track below national norms). This environment can sustain renter demand while requiring thoughtful positioning on amenities and finishes to maintain pricing power without elevating rent-to-income ratios. These observations are grounded in multifamily property research from WDSuite.
Safety indicators compare favorably overall. The neighborhood’s crime profile ranks in the safer tier locally (13th out of 16, where higher ranks indicate lower crime in this framework) and sits above the national average for safety (around the 59th percentile). Property-related offenses declined materially over the past year, while violent incidents showed a modest uptick; together, these trends suggest steady-to-improving conditions but warrant continued monitoring.
Regional employment anchors within commuting range help underpin renter demand, particularly for workforce households linked to energy and industrial operations. The list below reflects the nearest notable employer supporting this base.
- Marathon Petroleum — energy & refining (21.1 miles) — HQ
Built in 1976, the asset is newer than the neighborhood’s average vintage, offering relative competitiveness versus older stock. Targeted modernization can unlock value while maintaining attainable rents. Renter concentration is high locally, supporting a larger tenant base; however, neighborhood occupancy trends trail the metro median, making retention and operational execution central to the thesis. According to CRE market data from WDSuite, schools and overall neighborhood standing are top-tier in the county, a positive underpinning for lease stability.
Home values and rents remain lower than national norms, which supports renter reliance on multifamily housing but can temper near-term pricing power. With disciplined upgrades and measured rent steps, investors can pursue value-add returns while preserving affordability that sustains demand.
- Newer-than-area vintage (1976) supports competitive positioning; upgrades can drive rent premiums
- High renter-occupied share indicates depth of tenant base for leasing stability
- Strong neighborhood and school ranks within Hardin County support retention
- Pricing strategy opportunity: attainable rents with room for value-add driven increases
- Risks: occupancy below metro median and rural amenity density require focused lease management