| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 41st | Poor |
| Demographics | 28th | Poor |
| Amenities | 7th | Poor |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1742 E Front St, Logan, OH, 43138, US |
| Region / Metro | Logan |
| Year of Construction | 1990 |
| Units | 49 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
1742 E Front St Logan Multifamily Investment
Stabilized renter demand at the neighborhood level and relatively manageable rent-to-income dynamics point to steady operations, according to WDSuite’s CRE market data. Rural setting and basic amenity access warrant conservative underwriting on leasing velocity and pricing power.
Located in Logan, Ohio within the Columbus metro, the property sits in a rural neighborhood with modest amenity density. Grocery access is present but limited, while cafes, restaurants, parks, and pharmacies are sparse compared with metro and national norms. School quality trends below national averages, which can influence unit mix positioning and resident retention strategies.
Neighborhood occupancy is near the national midpoint, suggesting leasing stability but not excess tightness that would drive outsized pricing power. The share of housing units that are renter-occupied is roughly one-third, indicating a moderate renter concentration and an adequate tenant base for small to mid-sized multifamily assets.
Within a 3-mile radius, recent data show slight population and household softness, but forecasts point to expansion in both population and total households through 2028. That trajectory implies a larger tenant base over time and supports a steady leasing outlook if supply remains measured. Median contract rents in the area have trended upward over the last five years, with further growth expected, which can support NOI while still maintaining relatively low affordability pressure in this submarket.
Home values in the immediate area are comparatively low versus national benchmarks. For investors, a more accessible ownership market can create competition with entry-level ownership options, yet it may also support resident retention among households preferring the flexibility of renting. Overall, this location offers a straightforward, value-oriented renter profile that benefits from disciplined operations and pragmatic capital plans informed by commercial real estate analysis from WDSuite.
Safety trends are mixed. The neighborhood compares modestly above the national median on overall safety, and property offenses have declined on a recent year-over-year basis, which is constructive for long-term operations. However, violent incident measures have shown recent volatility, so prudent security, lighting, and resident-engagement practices remain advisable.
Investors should benchmark insurance assumptions and operating protocols to metro peers rather than block-level anecdotes. Framing safety in regional context helps align underwriting with observed trends while avoiding overreliance on short-term fluctuations.
Regional employment access is driven by logistics, consumer goods, and technology services nodes within commuting distance, supporting workforce housing demand and resident retention for value-focused properties.
- General Mills — consumer goods (31.2 miles)
- Avnet Services — technology services (35.8 miles)
- The Xerox Company — business services (36.0 miles)
- Avnet Services - LifeCycle Solutions — technology services (36.5 miles)
- Autozone Distribution Center — distribution (40.2 miles)
This 49-unit asset targets a practical renter segment in a rural Logan location where neighborhood occupancy trends sit near the national midpoint and rent-to-income readings indicate limited affordability pressure. Within a 3-mile radius, forecasts call for population and household growth through 2028, pointing to a gradually expanding tenant base that can support consistent leasing, according to CRE market data from WDSuite. Compact average floor plans align with value-oriented demand, suggesting potential for steady absorption with disciplined turn management.
Counterbalancing factors include below-average amenity density, softer school performance versus national benchmarks, and a comparatively accessible ownership market that can compete with entry-level renters. Safety indicators show improving property-offense trends alongside volatility in violent incident measures, reinforcing the need for prudent operating practices and conservative insurance assumptions.
- Neighborhood occupancy near national midpoint supports steady leasing
- Forecast growth in 3-mile population and households expands the renter pool
- Rent-to-income dynamics suggest manageable affordability pressure and retention potential
- Compact unit sizes cater to value-focused renters and efficient turn costs
- Risks: limited amenities, school performance, ownership competition, and safety volatility