| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 41st | Fair |
| Demographics | 39th | Poor |
| Amenities | 17th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 11921 Fredericktown Amity Rd, Fredericktown, OH, 43019, US |
| Region / Metro | Fredericktown |
| Year of Construction | 1986 |
| Units | 21 |
| Transaction Date | 2019-04-29 |
| Transaction Price | $90,000 |
| Buyer | PRESTIGE WORLDWIDE PROP |
| Seller | GRANT LISA D |
11921 Fredericktown Amity Rd Multifamily Investment
Neighborhood occupancy trends sit near the national midpoint, supporting steady lease-up potential in a largely owner-occupied area, according to WDSuite’s CRE market data. Investors should view this as a stable, needs-based rental location where demand is influenced by regional employment access rather than immediate amenity density.
Situated in a rural pocket of the Mount Vernon, OH metro, the neighborhood carries a B- rating and shows moderate housing fundamentals. Amenity density is limited (few cafes, grocery, or pharmacy options nearby), which typically concentrates renter demand around essential services and commute paths rather than lifestyle offerings. Parks access is comparatively better than many rural peers (above national average by percentile), and restaurants are present but not a defining strength.
The property s 1986 vintage is newer than the neighborhood s average construction year (1975). For investors, this generally improves competitive positioning versus older local stock, while still warranting targeted updates to systems and finishes for durability and rentability.
Neighborhood occupancy trends are around the national midpoint, indicating neither pronounced softness nor outsized tightness. The share of housing units that are renter-occupied is low locally, which means the tenant base is thinner in immediate proximity; operationally, this points to marketing across a wider catchment and emphasizing commute convenience to larger employment centers.
Within a 3-mile radius, recent data indicates population and household counts have edged down over the last five years, while forward-looking projections point to population growth and a notable increase in households by the mid-term. For multifamily investors, this suggests a larger tenant base ahead that can support occupancy stability, though realization of the outlook should be monitored through periodic lease-up and lead-flow metrics.
Home values and incomes benchmark near national midpoints for similar rural settings. Ownership remains relatively accessible compared with high-cost metros, which can temper pricing power but often supports retention for well-managed, right-sized units that position as more accessible rental options versus ownership. Lease management should focus on renewals and modest rent steps that reflect local incomes and service quality.
Comparable neighborhood-level crime metrics were not available in the dataset provided. Investors typically triangulate safety using broader county or metro trends, property-level incident history, and on-the-ground observations during different times of day. Given the rural context, underwriting should incorporate practical measures such as lighting, access control, and visibility, and compare resident feedback to regional norms.
Regional employment is anchored by corporate offices to the south in the Columbus area, supporting renter demand tied to commute corridors. Notable employers within a reasonable drive include L Brands, Wesco Distribution, International Paper Company, Dr Pepper Snapple Group, and Fuse by Cardinal Health.
- L Brands — corporate offices (35.6 miles) — HQ
- Wesco Distribution — distribution (38.6 miles)
- International Paper Company — paper & packaging offices (38.7 miles)
- Dr Pepper Snapple Group — beverage offices (39.8 miles)
- Fuse by Cardinal Health — healthcare technology (40.6 miles)
This asset pairs a newer-than-local-average 1986 vintage with a rural setting where neighborhood occupancy trends sit near the national midpoint. The immediate area features a low share of renter-occupied units, so demand tends to be driven by regional commuters and essential-service proximity rather than dense amenity clusters. According to CRE market data from WDSuite, home values and incomes track near national midpoints, favoring steady renewals and measured rent positioning over aggressive premium strategies.
Within a 3-mile radius, recent contraction in population and households gives way to projections of population growth and a sizable increase in households over the next few years, indicating potential renter pool expansion and support for occupancy stability if realized. Capex planning should prioritize selective modernization to keep the 1986 construction competitive versus older neighborhood stock while maintaining value-oriented rent tiers to balance affordability pressure and retention.
- 1986 vintage offers competitive positioning versus older local stock with targeted update potential.
- Neighborhood occupancy trends near national midpoint support steady leasing fundamentals.
- Regional employers within driving range underpin commuter-driven renter demand.
- 3-mile projections suggest renter pool expansion, aiding retention and stabilization if realized.
- Risks: thin local renter concentration and limited amenities require broader marketing and prudent rent growth.