| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 59th | Best |
| Demographics | 52nd | Good |
| Amenities | 60th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 4 McGibney Rd, Mount Vernon, OH, 43050, US |
| Region / Metro | Mount Vernon |
| Year of Construction | 1976 |
| Units | 60 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
4 McGibney Rd Mount Vernon 60-Unit Multifamily
Neighborhood occupancy sits in the mid-90s and renter demand is comparatively deep for the metro, according to WDSuite’s CRE market data, supporting stable cash flow potential. The 1976 vintage suggests value-add and capital planning opportunities versus newer local stock.
Located in Mount Vernon’s inner-suburban fabric, the property benefits from a neighborhood rated A+ and ranked 1 out of 26 metro neighborhoods, signaling strong overall fundamentals relative to the local market. Neighborhood occupancy is above the metro median and compares favorably to many areas nationwide, pointing to consistent leasing conditions for multifamily assets.
Amenity access is a relative strength: cafes, childcare, groceries, pharmacies, and restaurants rank near the top among 26 metro neighborhoods, while park access is limited. For investors, this mix typically supports day-to-day convenience and retention, with the trade-off of fewer recreational green spaces to market.
Within a 3-mile radius, population and household counts have been increasing and are projected to continue expanding through 2028, indicating a larger tenant base over time. Median household incomes have risen, and rent levels remain moderate by regional standards, which can help manage affordability pressure and support lease stability.
The asset’s 1976 construction is older than the neighborhood’s average vintage (1990s), implying potential renovation and systems upgrades to enhance competitiveness versus newer stock. Renter-occupied housing share in the neighborhood is high relative to the metro, reinforcing depth in the tenant pool and aiding demand durability for professionally managed multifamily.
Neighborhood safety indicators are mixed compared with metro and national benchmarks. Overall crime ranks around the middle of Mount Vernon’s 26 neighborhoods, while violent-offense conditions benchmark in the stronger range nationally. Property-offense metrics trend closer to national averages, with recent year-over-year volatility that investors should monitor.
For underwriting, this suggests prudent security measures and resident communication may be appropriate, while the broader safety context remains competitive among peer neighborhoods in the region. As always, review multiple years of trend data, compare sub-areas within the submarket, and align operating plans with observed patterns.
Regional employment anchors within commuting range support renter demand and retention, particularly across consumer brands, distribution, beverages, and healthcare. The nearby base includes L Brands, Wesco Distribution, Dr Pepper Snapple Group, Fuse by Cardinal Health, and Cardinal Health.
- L Brands — consumer brands HQ (32.9 miles) — HQ
- Wesco Distribution — electrical distribution (35.8 miles)
- Dr Pepper Snapple Group — beverages (36.8 miles)
- Fuse by Cardinal Health — healthcare technology (39.4 miles)
- Cardinal Health — healthcare distribution (39.8 miles) — HQ
This 60‑unit asset in Mount Vernon benefits from neighborhood-level occupancy in the mid-90s and a renter base that is large for the metro, supporting steady leasing and renewal potential. Based on commercial real estate analysis from WDSuite, amenity access is a comparative strength (retail, groceries, and services), while limited park availability and below-average school ratings are considerations for positioning and marketing.
Built in 1976, the property is older than much of the area’s 1990s-era stock, offering a clear value‑add path via interior modernization and building systems planning to improve competitive standing. Home values are moderate in context, which can introduce some competition from ownership; however, rent-to-income levels are manageable for many households, helping balance pricing power with retention.
- Stable neighborhood occupancy and comparatively deep renter pool support cash flow durability
- 1976 vintage creates value‑add and capex planning opportunities versus newer local stock
- Strong daily‑needs amenities bolster leasing and renewal prospects
- Balanced affordability profile can aid retention while allowing disciplined rent management
- Risks: older systems, limited park access, school quality headwinds, and monitoring of property‑crime volatility