| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 37th | Best |
| Demographics | 44th | Good |
| Amenities | 51st | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 985 Meadow Ln, Kenton, OH, 43326, US |
| Region / Metro | Kenton |
| Year of Construction | 1993 |
| Units | 33 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
985 Meadow Ln, Kenton OH Multifamily Investment
Neighborhood multifamily occupancy is above the metro median and has trended stable, supporting income durability for a 33-unit asset, according to WDSuite s CRE market data. Relative affordability and steady renter demand in this Hardin County location position the property for consistent leasing without relying on rapid growth assumptions.
Livability is anchored by everyday conveniences in a rural setting: neighborhood amenity access ranks first among 16 metro neighborhoods, with pharmacies and cafes performing around the upper-half nationally. This points to practical access for residents and supports day-to-day appeal that can aid renewal rates.
Multifamily performance signals are constructive. Neighborhood occupancy sits above the metro median (ranked 2 of 16) and in the upper tier nationally, indicating demand depth that can support stabilized cash flows. Median contract rents remain comparatively low versus national norms, which can underpin pricing resilience through economic cycles rather than aggressive rent-push assumptions.
The property s 1993 vintage is newer than the neighborhood s older housing stock (average year built 1966). This generally enhances competitive positioning versus older comparables, while still warranting capital planning for aging systems and selective modernization to drive rent readiness.
Renter-occupied share in the neighborhood is moderate, indicating a balanced tenant base without over-reliance on any one cohort. Within a 3-mile radius, demographic trends reflect steady population and household conditions, which supports a stable pool of prospective renters rather than rapid churn. Homeownership costs are relatively accessible versus national benchmarks, which can introduce some competition from ownership; however, rent-to-income metrics are favorable in this area, reinforcing retention and lease management flexibility for operators.
Safety indicators compare favorably at the national level while trending near the metro median locally (crime rank 8 out of 16 Hardin County neighborhoods). Overall crime and violent incident levels sit above the national median for safety, and recent year-over-year trends indicate improving conditions, which can support leasing stability and resident retention.
Investors should interpret these signals as broadly competitive for a rural Midwest submarket: not the lowest-risk profile in the metro, but comparatively stronger than many neighborhoods nationwide, with recent improvements pointing to manageable operational risk.
- Marathon Petroleum energy refining (26.4 miles) HQ
- Parker-Hannifin Corporation motion & control manufacturing (33.9 miles)
This 33-unit asset benefits from neighborhood occupancy above the metro median and nationally competitive safety trends, supporting a case for durable tenancy and predictable operations. The 1993 construction is newer than much of the area s housing stock, offering relative competitiveness versus older properties while still calling for targeted CapEx to maintain systems and refresh interiors.
According to CRE market data from WDSuite, local rent levels remain comparatively accessible, which can bolster retention and limit downside risk if growth slows. Within a 3-mile radius, steady population conditions and a moderate renter concentration suggest a dependable tenant base. Ownership remains relatively accessible in this market, which can compete with rentals, but favorable rent-to-income dynamics support lease renewals and stable occupancy.
- Neighborhood occupancy above metro median supports income stability
- 1993 vintage outcompetes older stock; plan selective CapEx
- Accessible rent levels aid retention and pricing flexibility
- Steady 3-mile demographics and moderate renter concentration sustain demand
- Risk: relatively accessible ownership options can compete with rentals