| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 35th | Poor |
| Demographics | 23rd | Poor |
| Amenities | 15th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 207 E Walnut St, Danville, OH, 43014, US |
| Region / Metro | Danville |
| Year of Construction | 1975 |
| Units | 47 |
| Transaction Date | 1998-06-11 |
| Transaction Price | $777,900 |
| Buyer | LICKING COUNTY ECONOMIC A |
| Seller | --- |
207 E Walnut St: 47-Unit Danville Multifamily
Neighborhood occupancy trends are holding above national averages while renter concentration is modest, according to WDSuite’s CRE market data. This positions the asset as workforce housing with stable utilization and measured pricing power in a rural Knox County setting.
Located in Danville within the Mount Vernon, OH metro, the neighborhood is classified as Rural with an overall C- rating. Neighborhood occupancy is strong and competitive among Mount Vernon neighborhoods (ranked 9 out of 26), and sits above national averages, signaling steady lease-up and retention potential for a well-managed asset.
Livability is car-oriented with limited on-the-doorstep retail and dining options, though pharmacy access is relatively better than many local peers (ranked 3 of 26). Amenity density overall is above the metro median (ranked 11 of 26) but remains light by national standards (15th percentile), so residents typically rely on nearby towns for broader services.
The local housing context features a high-cost-ownership-to-income profile that is moderate relative to the U.S., and rents in the neighborhood benchmark low with a favorable rent-to-income backdrop. For investors, this can support lease retention and gradual rent step-ups, while also implying some competition from accessible ownership options that may cap near-term rent ceilings.
Demographic statistics aggregated within a 3-mile radius indicate recent population growth with rising household incomes. Forward-looking projections call for continued population expansion and a larger income base, which can broaden the tenant pool and support occupancy stability. However, renter-occupied share in the neighborhood remains low, so demand is best aligned to workforce households that prefer professionally managed multifamily over scattered-site rentals.
Vintage is an important differentiator: the neighborhood’s average construction year skews older (around 1940), while this property was built in 1975. That newer-than-neighborhood stock can be competitively positioned versus older alternatives, though investors should still plan for aging systems and selective modernization to sustain performance.
Safety signals are mixed. Relative to the Mount Vernon metro, the neighborhood’s crime rank sits closer to the higher-crime end (ranked 5 of 26, where lower ranks indicate more crime). Nationally, however, WDSuite’s indicators place the neighborhood in stronger standing, with both property and violent offense measures testing well above national safety averages.
Recent trends are nuanced: property offenses show a notable year-over-year improvement, while violent offenses ticked up over the same period. For investors, this calls for standard operating diligence—confirming lighting, access controls, and resident screening—while recognizing that regional comparisons and national percentiles suggest comparatively favorable conditions versus many U.S. neighborhoods.
Employment access is anchored by regional operations within commuting range, supporting workforce housing demand and lease retention for residents commuting to manufacturing, distribution, and consumer goods employers.
- International Paper Company — paper & packaging (30.3 miles)
- Autozone Distribution Center — auto parts distribution (37.4 miles)
- J.M. Smucker — consumer foods (38.0 miles) — HQ
- L Brands — retail & apparel (43.4 miles) — HQ
This 1975-vintage, 47-unit property aligns with steady neighborhood occupancy that is competitive within the Mount Vernon metro and above national averages. Newer-than-neighborhood stock provides a relative edge versus older alternatives, with room for selective value-add to keep systems current and sustain demand. According to CRE market data from WDSuite, the surrounding area’s low rent burden supports retention, while a modest renter concentration suggests calibrated rent growth and a focus on operational execution.
Demographics within a 3-mile radius point to population growth and rising incomes, expanding the tenant base over the medium term. The rural setting and lean amenity base imply auto reliance, but commuting access to regional employers underpins leasing stability for workforce-oriented units. Investors should weigh the small-market scale and local crime rank within the metro against nationally favorable safety percentiles and improving property offense trends.
- Occupancy above national averages and competitive within the Mount Vernon metro supports stability
- 1975 construction offers a relative edge versus older neighborhood stock with targeted value-add potential
- Low rent burden and rising local incomes bolster retention and gradual pricing power
- Commutable access to regional employers supports workforce housing demand
- Risks: small rural market, modest renter base, and a higher-crime rank locally despite favorable national standing