| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 37th | Good |
| Demographics | 26th | Poor |
| Amenities | 0th | Poor |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 300 Grady Ln, Wellston, OH, 45692, US |
| Region / Metro | Wellston |
| Year of Construction | 1984 |
| Units | 56 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
300 Grady Ln, Wellston OH Multifamily Investment
Neighborhood occupancy trends appear stable and rents remain accessible for the area, according to WDSuite’s CRE market data. This combination supports tenant retention for workforce housing while keeping lease-up risk measured at the submarket scale.
Wellston is a rural setting with limited retail and daily-needs amenities nearby, which can encourage longer tenant stays for residents prioritizing value and quiet living over convenience retail density. School ratings sit near the national midpoint, offering basic coverage but not a major differentiator for demand.
Neighborhood occupancy is competitive among Jackson, OH neighborhoods (20 total), and broadly in line with national midrange levels, based on CRE market data from WDSuite. Median contract rents in the neighborhood remain low versus many U.S. areas, which supports lease retention and cushions against move-outs tied to affordability pressure.
Tenure patterns show a modest renter concentration at the neighborhood level (roughly one-quarter of housing units renter-occupied), with the 3-mile radius rising to about one-third. For investors, that indicates a reasonable tenant base with room to capture demand from surrounding single-family and small-multifamily stock.
Home values in the area are relatively low compared with national norms. While this means ownership is more attainable for some households—creating potential competition with for-sale options—it also enables apartments to position as more accessible monthly housing, supporting pricing defensibility for value-oriented units.
Safety indicators compare favorably at the national level, landing in the top quintile nationally for several measures. Within the Jackson, OH metro (20 neighborhoods total), the neighborhood ranks weaker than many peers; however, year-over-year estimates show notable improvement, suggesting trending normalization from prior elevated readings. Use submarket and property-level diligence to confirm on-the-ground patterns.
Nearby employment is anchored by manufacturing, providing workforce housing demand and short commutes that can aid retention and steady leasing.
- General Mills — food manufacturing (2.8 miles)
Built in 1984, the property is newer than much of the surrounding housing stock and can compete well against older units while still benefiting from targeted updates to common areas and unit finishes. Neighborhood occupancy is competitive among Jackson neighborhoods, and rents sit at the lower end nationally, which can support steady absorption and retention. Demographics aggregated within a 3-mile radius indicate smaller household sizes and a stable renter pool, with forward projections pointing to additional households—favorable for long-run demand and occupancy stability.
According to CRE market data from WDSuite, the area’s high-cost ownership dynamics are limited; instead, relatively low home values suggest some competition from ownership, but also reinforce apartments as the more accessible monthly option. For a 56-unit community with efficient average layouts, that positioning can translate into dependable workforce demand. Key risks include the rural location with sparse amenities and a safety profile that, while improving and comparatively strong versus many U.S. areas, ranks weaker than several metro peers—factors to underwrite with realistic concessions and marketing timelines.
- 1984 vintage offers competitive edge versus older local stock, with value-add potential through selective upgrades
- Neighborhood occupancy competitive within the Jackson metro supports leasing stability
- Lower rent levels and accessible monthly housing support tenant retention and pricing defensibility
- 3-mile demographics point to a durable renter base and potential renter pool expansion
- Risks: rural amenity coverage is thin and safety ranks weaker than several metro peers; underwrite realistic lease-up and retention plans