| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 30th | Good |
| Demographics | 61st | Best |
| Amenities | 7th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 201 Burton Dr, Cadiz, OH, 43907, US |
| Region / Metro | Cadiz |
| Year of Construction | 1976 |
| Units | 48 |
| Transaction Date | 2012-02-02 |
| Transaction Price | $140,000 |
| Buyer | ANADELS GROUNDS LLC |
| Seller | CLEAR VIEW TOWNHOMES LLC |
201 Burton Dr, Cadiz, OH Multifamily Investment
Renter concentration in the surrounding neighborhood supports a stable tenant base, while occupancy has trended modestly higher according to WDSuite’s CRE market data. The rural setting points to steady workforce housing demand with measured rent growth expectations.
The property sits in a rural Cadiz neighborhood rated A+ and ranked 1 out of 16 within Harrison County, placing it in the top quartile among metro neighborhoods. That positioning signals comparatively strong local fundamentals for a small market, even as investors should calibrate expectations to a low-density setting.
Amenities are limited nearby, consistent with the neighborhood’s low national amenity percentile; residents likely rely on a wider drive-shed for daily needs. Restaurant presence is moderate for a rural area, but cafés, groceries, parks, and pharmacies are sparse, which can affect walkability and may necessitate resident transportation solutions.
Multifamily demand is supported by a renter-occupied share of housing units around 37.6% (above many U.S. neighborhoods), indicating a meaningful tenant pool for this size submarket. Neighborhood occupancy is in the mid-80s and has improved over the last five years, suggesting stable leasing trends rather than rapid lease-up dynamics.
The average housing vintage in the neighborhood skews older (1950s), whereas this asset’s 1976 construction is newer than the local norm. That positioning can offer relative competitiveness versus pre-war stock, though investors should still plan for aging systems and selective upgrades as part of a thoughtful value-add strategy grounded in multifamily property research.
Safety metrics are mixed in a way typical for small rural markets. Compared with neighborhoods nationwide, property offense estimates fall in a higher safety tier (around the 90th percentile nationally), and violent offense estimates are also strong (around the 80th percentile). Within the Harrison County metro comparison, crime ranks are mid-pack, indicating performance that is competitive among local peers but not the absolute lowest.
Recent year-over-year indicators point to some upticks in estimated offense rates, so ongoing monitoring and standard security measures remain prudent underwriting considerations. As always, these are neighborhood-level readings rather than property-specific conditions.
Employment access for residents is regional, with commutes oriented to larger job nodes. The following employer presence supports workforce housing demand at a broader drive-to-work radius.
- Dick's Sporting Goods — retail HQ (41.2 miles) — HQ
This 48-unit asset, built in 1976, is positioned as a durable workforce housing play in a rural A+-rated neighborhood that ranks 1 of 16 in the Harrison County metro. Neighborhood occupancy sits in the mid-80s with a modest upward trend, reinforcing steady leasing conditions rather than high-growth volatility. According to CRE market data from WDSuite, the area supports a meaningful renter base, while limited nearby amenities point to a car-oriented lifestyle that owners can address through on-site convenience offerings and resident services.
The 1976 vintage is newer than the neighborhood’s average housing stock, offering relative competitiveness and value-add potential through targeted renovations, systems modernization, and common-area enhancements. With home values comparatively accessible for the region, pricing power should be managed prudently, but the above-average share of renter-occupied units supports depth of demand and retention for well-operated properties.
- Rural A+ neighborhood ranked 1 of 16 in the metro, indicating strong relative fundamentals for a small market
- Steady neighborhood occupancy with recent improvement supports leasing stability
- 1976 vintage is newer than local average, enabling targeted value-add and systems upgrades
- Meaningful renter-occupied housing share underpins tenant demand and retention potential
- Risks: limited nearby amenities and regionally accessible home ownership require careful rent and retention management