| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 27th | Fair |
| Demographics | 35th | Fair |
| Amenities | 35th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 570 W 1st St, Wellston, OH, 45692, US |
| Region / Metro | Wellston |
| Year of Construction | 1979 |
| Units | 93 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
570 W 1st St Wellston Multifamily Investment
According to WDSuite’s CRE market data, this location offers durable renter demand supported by very low rent-to-income levels and a defined tenant base, aiding retention even as occupancy trends fluctuate. This commercial real estate analysis suggests an affordability-driven play with operational focus over outsized growth assumptions.
The property sits in a Rural neighborhood of Jackson, OH rated B+ and ranked 6 out of 20 locally—competitive among Jackson neighborhoods. Daily needs are serviceable with grocery and pharmacy access present, though cafes and parks are limited, indicating a practical amenity set rather than a lifestyle destination.
Neighborhood occupancy is below the metro median, pointing to some softness that places a premium on leasing and renewals. At the same time, the share of renter-occupied housing is above the metro median, signaling a defined tenant base that supports multifamily absorption when pricing and unit mix match local demand.
Within a 3-mile radius, recent data shows modest population contraction paired with rising household counts and smaller average household sizes—factors that typically expand the renter pool and support occupancy stability. Projections through 2028 indicate growth in households and incomes, which can broaden the tenant base and support measured rent increases off a low starting point.
Home values and ownership costs remain relatively accessible in this submarket. For investors, that means potential competition from entry-level ownership, but very low rents help sustain lease retention and reduce move-out pressure. The asset’s 1979 vintage is newer than the neighborhood’s older housing stock (average 1959), offering a relative competitive edge versus legacy product, while still warranting targeted modernization to keep operating costs and renter appeal in line with market expectations.
Safety indicators compare favorably at the national level. Overall crime metrics are in the top quartile nationally, and both property and violent offense rates have trended down over the past year. These directional gains, coupled with above-average national percentiles, suggest conditions that support resident retention and operational stability relative to many U.S. neighborhoods.
As with any neighborhood-level measure, conditions vary by micro-area and over time; investors should underwrite with property-level controls in mind (lighting, access, and management presence) to sustain the positive trend.
Proximity to local manufacturing and food processing employers supports a steady workforce renter base and commute convenience for residents, led by General Mills and AK Steel.
- General Mills — food processing (1.9 miles)
- Ak Steel — steel manufacturing (43.8 miles)
This 93-unit asset built in 1979 presents an affordability-led strategy in a Rural Jackson County location with a defined renter base. Based on CRE market data from WDSuite, neighborhood occupancy trends are softer than the metro median, but very low rent-to-income levels and an above-median renter-occupied share point to demand depth that can support stable leasing with attentive operations. The vintage is newer than much of the surrounding stock, providing a relative competitive position while leaving room for targeted value-add to modernize systems and finishes.
Within a 3-mile radius, recent patterns show population drifting down while household counts rise and average household size falls—dynamics that typically expand the renter pool. Forward-looking projections indicate growth in households and incomes through 2028, which can support occupancy stability and measured rent growth off a low base. Ownership remains relatively accessible in the area, so underwriting should account for competition from entry-level ownership while leaning on affordability and operational efficiency to drive performance.
- Affordability-led demand: very low rent-to-income levels support retention and steady leasing
- Renter base: renter-occupied share above the metro median provides tenant depth
- Relative positioning: 1979 vintage is newer than much of the area’s housing stock, with value-add potential
- Forward demand: 3-mile projections point to rising households and incomes supporting occupancy
- Risks: below-median neighborhood occupancy and accessible ownership options require disciplined pricing and tenant retention