| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 20th | Poor |
| Demographics | 35th | Fair |
| Amenities | 40th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1037 S Main St, Kenton, OH, 43326, US |
| Region / Metro | Kenton |
| Year of Construction | 1975 |
| Units | 100 |
| Transaction Date | 1995-08-23 |
| Transaction Price | $542,300 |
| Buyer | SCIOTO VILLAGE PARTNERSH |
| Seller | --- |
1037 S Main St, Kenton OH Multifamily Investment
Positioned in a rural pocket of Hardin County with everyday conveniences nearby, this 100-unit asset offers a pragmatic income play supported by stable neighborhood occupancy and manageable renter affordability, according to WDSuite’s CRE market data.
The property sits in a Rural neighborhood of Kenton with a B+ neighborhood rating and is competitive among Hardin County neighborhoods (ranked 6 out of 16). Daily needs are supported by nearby essentials: grocery, restaurants, parks, and pharmacies rank at or near the top within the county, with national placement around the middle of the pack. This mix helps sustain leasing interest even without big-city amenity density.
Neighborhood occupancy trends indicate a generally stable renter environment, though the current level sits below the metro median, signaling room for operational upside through targeted leasing and retention. Renter-occupied housing accounts for a modest share of units in the area, which suggests a smaller tenant base but also supports steadier lease rolls and potentially longer tenures for value-focused properties.
The average construction vintage in the neighborhood skews older (mid-century), while the subject’s 1975 delivery is newer than much of the local stock. For investors, that positioning can be a competitive advantage versus pre-war assets, while still allowing for selective value-add or system modernization to drive rent premiums and retention.
Ownership costs in the area are relatively accessible by national standards. That landscape can introduce some competition with entry-level ownership; however, it also underscores the importance of operational execution, resident experience, and unit-quality differentiation to maintain pricing power and limit turnover.
Safety indicators compare favorably at the national level, with the neighborhood trending above the U.S. average for lower offense rates. Within the Hardin County context (16 neighborhoods total), the crime rank places this area in the mid-to-higher range locally, so investors should underwrite with standard precautions and consider property-level measures that reinforce resident comfort.
Recent year-over-year data from WDSuite shows notable declines in both property and violent offense rates, an encouraging trend that can support leasing stability and renewal probability if sustained. As always, evaluate submarket and property-level history over multiple periods to confirm persistence of these improvements.
Regional employment nodes within commute range include energy, industrial manufacturing, and healthcare distribution, which collectively support workforce housing demand and lease retention for Kenton-area rentals.
- Marathon Petroleum — energy & refining (27.7 miles) — HQ
- Parker-Hannifin Corporation — industrial manufacturing (32.8 miles)
- Cardinal Health — healthcare distribution (44.3 miles) — HQ
1037 S Main St presents a straightforward income-focused thesis in a rural Hardin County location where everyday amenities are accessible and neighborhood occupancy is steady albeit below the metro median. The 1975 vintage is newer than much of the local housing stock, offering relative competitiveness versus older assets while leaving room for targeted upgrades to support rent resiliency and renewal rates. According to CRE market data from WDSuite, renter affordability is manageable in this neighborhood, which can aid retention and stabilize collections when paired with disciplined lease management.
Investor considerations include a modest renter concentration locally and an ownership market that is more accessible than many U.S. areas, which can create light competition with entry-level home purchases. These factors elevate the importance of asset-level differentiation, maintenance execution, and resident experience to sustain occupancy and limit turnover over a full cycle.
- Newer-than-neighborhood vintage (1975) supports competitive positioning versus older local stock with selective value-add potential.
- Stable neighborhood occupancy and manageable renter affordability support leasing durability and collections.
- Essential amenities (grocery, parks, pharmacies, restaurants) perform well within the county, reinforcing day-to-day convenience.
- Risk: Smaller renter base and accessible ownership options require strong operations and resident experience to maintain pricing power.