| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 37th | Best |
| Demographics | 44th | Good |
| Amenities | 51st | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 725 Morningside Dr, Kenton, OH, 43326, US |
| Region / Metro | Kenton |
| Year of Construction | 1975 |
| Units | 32 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
725 Morningside Dr, Kenton OH Multifamily Investment
Neighborhood occupancy is strong and stable, supporting steady leasing conditions according to WDSuite’s CRE market data. This location offers defensible demand drivers in a smaller Ohio market, with room for value-add execution.
The property sits in a rural neighborhood rated A+ and ranked 1st among 16 neighborhoods in Hardin County, signaling strong local fundamentals relative to its metro peers. Neighborhood occupancy is high (ranked 2 of 16 and in the top quartile nationally), a backdrop that can support steady renewal velocity and minimize downtime for stabilized assets.
Amenity access is competitive for a rural setting: cafes, childcare, and pharmacies rank 1st out of 16 neighborhoods locally, and restaurants and groceries rank 2nd, with national percentiles generally around the middle to upper half. Park access is limited (ranked 16th), so outdoor amenity programming on-site may enhance leasing appeal. Average school ratings in the area trend below national norms, which may temper demand from some household types but does not preclude workforce-focused renter demand.
Renter-occupied housing comprises roughly three in ten units locally, indicating a smaller but present renter pool; investors should plan leasing strategies around an owner-leaning market while leveraging workforce housing demand. Median contract rents are lower than national norms but have increased meaningfully over the past five years, and the rent-to-income ratio sits at a favorable national percentile, which can support retention and measured pricing power. Home values are relatively accessible compared with national levels, which can introduce ownership competition; disciplined rent positioning and property improvements can help maintain competitiveness.
Within a 3-mile radius, demographics show modest population growth alongside slightly smaller household sizes over the past five years, expanding the renter pool and supporting occupancy stability. The neighborhood’s average construction vintage skews older (1960s), underscoring the potential appeal of well-maintained or thoughtfully renovated multifamily stock relative to aging comparables in the trade area, based on commercial real estate analysis from WDSuite.
Safety indicators are broadly around the metro median, with neighborhood crime ranked 8th among 16 Hardin County neighborhoods. Compared with neighborhoods nationwide, the area sits modestly above average for both property and violent offense safety. Year-over-year trends are improving, with notable declines in both property and violent offense rates, placing the neighborhood in stronger national percentiles for recent improvement. These trends support a stable operating environment while warranting standard risk management and tenant screening practices.
- Marathon Petroleum — energy HQ (26.5 miles) — HQ
- Parker-Hannifin Corporation — diversified industrial (33.8 miles)
Built in 1975, the 32-unit asset offers a value-add angle versus older neighborhood stock while still requiring attention to aging systems and interior modernization to stay competitive. Neighborhood occupancy ranks near the top locally and trends strong nationally, which can underpin stable collections and reduce turnover risk. According to CRE market data from WDSuite, rents remain comparatively low for the region but have risen over the last five years, suggesting headroom for targeted upgrades without overreaching on affordability.
The renter base is smaller in an owner-leaning area, yet steady 3-mile population growth and shrinking household sizes point to incremental renter pool expansion. Accessible ownership costs may create competition for some segments, making asset quality, curb appeal, and operational execution key to sustaining pricing power and lease retention.
- Strong neighborhood occupancy and top-quartile local rank support leasing stability
- 1975 vintage presents value-add potential versus older area stock
- Rent levels remain comparatively low with five-year growth, enabling measured upgrades
- Demographic tailwinds within 3 miles (modest growth, smaller households) expand the tenant base
- Risks: owner-leaning market and accessible ownership options require disciplined rent strategy and property improvements