| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 35th | Good |
| Demographics | 43rd | Good |
| Amenities | 51st | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1365 County Road 1, South Point, OH, 45680, US |
| Region / Metro | South Point |
| Year of Construction | 1991 |
| Units | 40 |
| Transaction Date | 1988-08-19 |
| Transaction Price | $50,000 |
| Buyer | STEPH DAVID F |
| Seller | --- |
1365 County Road 1 South Point Multifamily Investment
Neighborhood fundamentals point to durable renter demand and room for selective value-add, according to WDSuite s CRE market data. Investor focus centers on affordability, a growing renter pool within 3 miles, and competitive positioning versus older local stock.
South Point sits in a rural pocket of the Huntington-Ashland metro with an A neighborhood rating and a rank of 23 among 180 metro neighborhoods, placing it in the top quartile locally. At the neighborhood level, occupancy trends have been softer than the metro median, so underwriting should emphasize leasing cadence and renewal management; however, renter-occupied housing accounts for a meaningful share of units and is competitive among Huntington-Ashland neighborhoods, supporting a stable tenant base.
Livability markers are mixed but serviceable for workforce housing. Parks and pharmacies index above national midpoints, while grocery access is around the middle of the pack and cafes are limited. Average school ratings are near national mid-range. These dynamics suggest everyday convenience for residents, though destination amenities are thinner than urban peers.
Affordability stands out: neighborhood rents benchmark low relative to income, with a rent-to-income ratio indicating manageable payment levels that can aid retention and reduce turnover. For investors, that points to steady occupancy when paired with disciplined rent setting, while acknowledging that pricing power is likely to be gradual and closely tied to lease-by-lease performance.
Within a 3-mile radius, recent data show modest population growth and forecasts point to an increase in households and a larger renter pool over the next five years. For multifamily, that implies a broader tenant base and improved leasing depth, provided unit finishes and pricing remain aligned with local demand. The property s 1991 vintage is newer than the neighborhood s typical 1970s stock, which can enhance competitiveness versus older buildings, though systems and interiors may still benefit from targeted modernization to support rent lifts.
Safety indicators compare favorably versus neighborhoods nationwide, with overall conditions landing in a high national percentile and recent year-over-year declines in both property and violent offense estimates. According to CRE market data from WDSuite, the neighborhood s property offense and violent offense rates have trended down over the last year, signaling improving conditions relative to national peers.
Investors should treat these as neighborhood-level readings rather than property-specific metrics and continue to monitor trend direction alongside metro-wide dynamics in the Huntington-Ashland area. Relative strength at the national level supports renter retention and leasing stability, while ongoing vigilance is appropriate given localized variability.
Proximity to regional employers supports workforce housing demand and commute convenience for residents, notably in steel manufacturing and packaged foods. The employers below reflect nearby drivers that can underpin leasing and retention.
- AK Steel steel manufacturing (7.2 miles)
- General Mills packaged foods (44.3 miles)
1365 County Road 1 combines a 1991 vintage and 40 units with neighborhood fundamentals that are top quartile within the Huntington-Ashland metro (23 of 180). The submarket s rent-to-income profile reinforces retention and supports measured rent growth through value-add, while a forecasted increase in households within 3 miles points to renter pool expansion that can aid occupancy stability. Based on CRE market data from WDSuite, the asset s relatively newer vintage versus local 1970s-era stock provides competitive positioning, though selective capital to modernize systems and interiors may be warranted.
Key considerations include neighborhood occupancy that trails the metro median and thinner destination amenities typical of rural settings. Execution should emphasize leasing management, resident retention, and pragmatic value-add that aligns finish levels with local incomes.
- Top-quartile neighborhood placement (23 of 180) within the Huntington-Ashland metro
- 1991 vintage offers competitive edge versus older local stock with targeted modernization potential
- Affordability supports retention; rent setting can be calibrated to sustain occupancy
- 3-mile forecasts indicate a larger renter pool, enhancing leasing depth over time
- Risks: neighborhood occupancy below metro median and limited amenity density require active leasing strategy