| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 59th | Best |
| Demographics | 52nd | Good |
| Amenities | 60th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1365 Yauger Rd, Mount Vernon, OH, 43050, US |
| Region / Metro | Mount Vernon |
| Year of Construction | 1980 |
| Units | 53 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
1365 Yauger Rd Mount Vernon Multifamily Investment
Neighborhood-level occupancy in the surrounding area is in the mid-90% range and has edged higher in recent years, supporting income stability according to WDSuite's CRE market data.
This Inner Suburb pocket of Mount Vernon holds an A+ neighborhood rating and delivers daily convenience. Amenity access is competitive among Mount Vernon neighborhoods, with grocery and pharmacy options ranking near the top locally alongside a healthy mix of dining and cafes. Park access is limited in the immediate area, which may modestly affect outdoor-recreation appeal.
On fundamentals, neighborhood occupancy stands at 94.8% and is competitive among Mount Vernon neighborhoods. The renter-occupied share is 48.2% of housing units, indicating a sizable tenant base that can support leasing stability. Median contract rent is about $829, and a rent-to-income ratio near 0.19 points to manageable affordability pressure from an investor perspective, aiding retention and measured pricing power.
Within a 3-mile radius, recent population growth and a larger household count expand the local renter pool. Looking toward 2028, projections show additional population growth and a notable increase in households alongside smaller average household sizes, which can mean more renters entering the market and support for occupancy.
School ratings average roughly 2.0 out of 5, below national norms, which is a consideration for family-oriented strategies. Median home values around $200,000 and value-to-income ratios near local norms suggest ownership can compete with rentals for some households, but multifamily still benefits where convenience, flexibility, and amenity access drive housing decisions.
Safety indicators are mixed and best viewed comparatively. Within the Mount Vernon metro, overall crime sits around the metro median (14 of 26 neighborhoods). Nationally, the neighborhood’s overall standing is below average (38th percentile), while violent offenses benchmark more favorably at a stronger position (82nd percentile) relative to neighborhoods nationwide.
Property-crime measures track near the national midpoint (48th percentile) with elevated year-over-year volatility. For investors, this supports a focus on lighting, access control, and ongoing monitoring of trends rather than drawing block-level conclusions.
Within commuting range, major employers including L Brands, International Paper Company, Fuse by Cardinal Health, Cardinal Health, and Nationwide provide diversified office and distribution employment that can support renter demand and retention.
- L Brands — corporate offices (33.2 miles) — HQ
- International Paper Company — paper & packaging offices (39.8 miles)
- Fuse by Cardinal Health — healthcare technology (40.1 miles)
- Cardinal Health — healthcare services (40.5 miles) — HQ
- Nationwide — insurance (41.4 miles) — HQ
Built in 1980 across 53 units, the property is older than the neighborhood’s average vintage and lends itself to targeted value-add or capex planning. Neighborhood occupancy of 94.8% is competitive among Mount Vernon neighborhoods and, according to CRE market data from WDSuite, has trended favorably—supported by a renter-occupied share near one-half of housing units and median rents that sit around $829.
Within a 3-mile radius, recent population growth and an increase in households point to a larger tenant base today, with forecasts indicating further population gains and a pronounced rise in household counts by 2028—suggesting more renters entering the market and support for occupancy. Median home values near $200,000 and a value-to-income profile around local norms indicate an ownership market that can compete with rentals, but rent-to-income near 0.19 suggests retention can remain resilient with disciplined lease management.
- Competitive neighborhood occupancy and upward trend support cash-flow durability
- Deep renter base (about 48% renter-occupied) plus 3-mile household growth bolster leasing
- Relative affordability (rent-to-income near 0.19) aids retention and pricing discipline
- 1980 vintage offers value-add and modernization potential to enhance competitiveness
- Risks: limited park access, below-average school ratings, and property-crime volatility warrant active management