| 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 Multifamily Investment
Neighborhood occupancy has been competitive among Mount Vernon submarkets, supporting stable leasing dynamics for well-managed assets, according to WDSuite’s CRE market data. For investors, the depth of the renter base and steady fundamentals point to durable cash flow potential.
Located in Mount Vernon’s Inner Suburb context, the property benefits from neighborhood fundamentals that are competitive among 26 metro neighborhoods, with occupancy performance ranking 10th of 26 and trending above national medians (around the 70th percentile). For investors, that positioning supports tenant retention and lowers lease-up risk relative to weaker submarkets.
Daily conveniences are a clear strength: restaurants, groceries, pharmacies, cafés, and childcare all rank near the top locally (ranks 1–2 of 26) and sit above national midpoints, which reinforces livability and leasing appeal. A notable tradeoff is limited parks access (rank 26 of 26), so outdoor amenities may need to be delivered on-site or via partnerships to sustain resident satisfaction.
Vintage matters: built in 1999, the asset is newer than the neighborhood’s average construction year of 1994 (rank 3 of 26 by newer stock). That positioning can be competitively favorable versus older product, though investors should still plan for system modernization and selective renovations to meet current renter expectations.
Tenure data indicate a sizable renter-occupied share locally (48.2%, rank 2 of 26), signaling a deep tenant base for multifamily demand rather than “rental occupancy.” Within a 3-mile radius, demographics show modest population growth in recent years with forecasts calling for more households and smaller average household sizes, which typically expands the renter pool and supports occupancy stability. Median home values sit in a high-cost ownership context for the area, while a rent-to-income ratio near 0.19 suggests manageable affordability pressure—together implying room for disciplined pricing without materially elevating retention risk. School ratings trend below national medians, which may temper family appeal but is less impactful for workforce-oriented renter segments.
Safety indicators are mixed and should be considered in comparative terms. The neighborhood’s overall crime rank sits mid-pack (14th of 26 Mount Vernon neighborhoods), while violent offense levels benchmark in a high national percentile (around the 82nd percentile, safer than most neighborhoods nationwide). Property offense measures are closer to national midpoints (about the 48th percentile), and recent year-over-year volatility suggests monitoring trends rather than drawing block-level conclusions.
For investors, the takeaways are practical: current readings compare favorably on violent incidents versus national norms, but ongoing surveillance of property crime and coordination with management practices (lighting, access controls, and resident engagement) will help sustain leasing confidence.
Regional employment anchors within commuting distance diversify demand and support leasing for workforce households, including headquarters and distribution operations in the Columbus corridor. The list below reflects nearby corporate offices most relevant to commute-driven renter demand.
- L Brands — retail HQ (33.7 miles) — HQ
- Wesco Distribution — industrial distribution (36.6 miles)
- Dr Pepper Snapple Group — beverages (37.5 miles)
- International Paper Company — paper & packaging (39.3 miles)
- Autozone Distribution Center — auto parts distribution (40.5 miles)
The investment case centers on steady renter demand and competitive neighborhood positioning. Occupancy for the surrounding area is competitive among Mount Vernon neighborhoods and trends above national medians, supporting cash flow durability and manageable lease-up risk. Built in 1999, the property is newer than the area’s average stock, offering a relative edge versus older product while still presenting selective value-add potential through modernization and common-area upgrades. According to CRE market data from WDSuite, strong local amenity access and a sizable renter-occupied share underpin demand, while homeownership costs appear high enough to sustain reliance on rental housing without acute affordability pressure.
Forward-looking demographics within a 3-mile radius indicate growth in households and smaller average household sizes, which typically expand the renter pool and reinforce occupancy stability. Balanced pricing strategy is warranted given below-median school ratings and limited park access, but those factors can be mitigated through on-site amenities and resident programming that enhance retention.
- Competitive neighborhood occupancy versus metro peers supports stable cash flow potential.
- 1999 vintage offers relative competitiveness with selective value-add upside.
- Strong amenity access and sizable renter concentration deepen the tenant base.
- 3-mile household growth and smaller household sizes support renter pool expansion.
- Risks: limited parks, below-median school ratings, and property-crime volatility require active management.