| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 59th | Best |
| Demographics | 52nd | Good |
| Amenities | 60th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1575 Yauger Rd, Mount Vernon, OH, 43050, US |
| Region / Metro | Mount Vernon |
| Year of Construction | 1999 |
| Units | 108 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
1575 Yauger Rd Mount Vernon 108-Unit Multifamily
Neighborhood fundamentals point to durable renter demand and steady occupancy, according to WDSuite s CRE market data. This Mount Vernon location benefits from a sizable renter base and metro-accessible employment, aligning with pragmatic commercial real estate analysis for long-hold strategies.
Located in Mount Vernon s Inner Suburb context, the neighborhood rates A+ and is competitive among 26 Mount Vernon neighborhoods on overall performance. Amenity access is a local strength: cafes, groceries, and pharmacies rank near the top compared with 26 neighborhood peers, supporting daily convenience for residents. Park access is limited, which may modestly affect outdoor-recreation appeal.
Neighborhood occupancy is in the 70th national percentile, indicating generally stable leasing conditions at the neighborhood level rather than the property specifically. The share of housing units that are renter-occupied is high relative to national norms (upper-percentile), suggesting a deeper tenant base and potential support for renewal velocity and lease-up resilience.
Rent positioning appears manageable for workforce tenants: neighborhood median contract rent sits in the lower half nationally but has posted solid five-year growth, indicating pricing power without overreach. Home values are below national medians, yet the value-to-income relationship trends a bit higher than the U.S. middle, which can sustain reliance on multifamily rentals even in a relatively accessible ownership market. For investors, this combination points to balanced demand with measured upward rent pressure and attention to retention.
Within a 3-mile radius, recent population and household counts have grown, with forecasts calling for further population expansion and a notable increase in households alongside smaller average household sizes. This implies a larger tenant base and incremental demand for smaller units over time, supporting occupancy stability and diversified renter profiles.
The property s 1999 vintage is slightly newer than the neighborhood average year built (1994), offering relative competitiveness versus older stock while still warranting periodic modernization of interiors and building systems to capture value-add upside and support rent growth.
Safety indicators are mixed when viewed against both metro peers and national benchmarks. Compared with 26 Mount Vernon neighborhoods, crime levels sit near the middle of the pack, signaling neither an outlier risk nor a top-performing area locally. Nationally, violent-offense metrics trend favorable (higher-percentile safety), while property-offense levels align closer to the national middle.
Recent data shows a short-term uptick in property-related incidents, which warrants routine monitoring and proactive asset-level measures (lighting, access controls, and resident engagement). For investors, the takeaway is to underwrite to standard precautionary operating practices rather than assume outsized exposure or outsized safety advantages.
Regional employment depth is anchored by Columbus-area corporate hubs within commuting range, which can reinforce renter demand and lease retention at workforce price points. Key nearby employers include L Brands, Wesco Distribution, Dr Pepper Snapple Group, International Paper Company, and Fuse by Cardinal Health.
- L Brands corporate offices (33.6 miles) HQ
- Wesco Distribution distribution (36.5 miles)
- Dr Pepper Snapple Group beverage corporate offices (37.4 miles)
- International Paper Company manufacturing & packaging offices (39.4 miles)
- Fuse by Cardinal Health healthcare technology (40.5 miles)
This 108-unit, 1999-vintage asset in Mount Vernon is positioned for steady cashflow, supported by neighborhood occupancy that trends above national averages and a renter-occupied share that is high by national standards. Amenity access is a local advantage, while a relatively modest home-value landscape and solid rent growth support ongoing multifamily demand and pricing power without overextension. According to CRE market data from WDSuite, neighborhood-level leasing conditions are stable, with demographic trends within a 3-mile radius pointing to growth in households and a gradually expanding renter pool.
The vintage is slightly newer than the neighborhood average, offering a competitive edge versus older stock; targeted renovations and system updates can unlock value-add upside while protecting operating efficiency. Key Columbus-area employers within commuting range further diversify demand drivers, aiding resident retention. Risks to underwrite include modest park access and monitoring of recent property-offense trends.
- Stable neighborhood occupancy and high renter concentration support leasing durability
- 1999 construction offers competitive positioning with targeted value-add potential
- Household growth within 3 miles expands the tenant base and supports rent roll
- Regional employers within commuting distance reinforce demand and retention
- Risks: limited park access and recent property-offense uptick warrant active management