| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 47th | Best |
| Demographics | 37th | Poor |
| Amenities | 55th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1108 S Greenwood St, Bellefontaine, OH, 43311, US |
| Region / Metro | Bellefontaine |
| Year of Construction | 1988 |
| Units | 36 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
1108 S Greenwood St Bellefontaine Multifamily Investment
Situated in an inner-suburb setting with steady renter demand and improving neighborhood occupancy, this asset benefits from practical amenities and commute access, according to WDSuite’s CRE market data.
The property sits in an Inner Suburb neighborhood rated A and ranked 2 out of 23 across the Bellefontaine metro, indicating competitive fundamentals among local peers. Grocery and everyday services are convenient for residents, with neighborhood access to grocery and restaurants ranking near the top of the 23 Bellefontaine neighborhoods, supporting day-to-day livability and lease retention.
Neighborhood occupancy is in the low-90s and has trended up over the past five years, signaling demand stability rather than volatility, based on CRE market data from WDSuite. Renter concentration within the neighborhood is high relative to the metro (above the median among 23 neighborhoods), which points to a deeper tenant base for multifamily operators.
Within a 3-mile radius, population and household counts have increased and are projected to expand further, implying a larger tenant base over time. The share of housing units that are renter-occupied in this 3-mile area is around two in five, which supports ongoing leasing activity while leaving room for further renter pool expansion.
Ownership costs in the neighborhood are lower than many markets nationally, which can create some competition with entry-level ownership. However, a moderate rent-to-income profile and access to daily amenities help support pricing resilience and resident retention for well-managed properties.
Relative to Bellefontaine’s 23 neighborhoods, this area performs above the metro median on safety, with national positioning that is better than average (upper half nationwide). Recent year-over-year trends show notable improvement in both property and violent offense rates, which supports a constructive outlook when assessing operational risk.
Investors should treat safety as neighborhood-level context rather than block-specific. Continued monitoring of local trendlines is prudent, but the combination of above-metro standing and improving momentum provides a supportive backdrop for occupancy stability and leasing.
Regional employers within commuting distance bolster workforce housing demand, led by Parker-Hannifin, Waste Management, Staples’ fulfillment operations, and Cardinal Health (including its headquarters and Fuse technology unit). These employment nodes can support tenant stability through varied blue- and white-collar roles.
- Parker-Hannifin Corporation — industrial manufacturing (24.9 miles)
- Waste Management — environmental services (29.1 miles)
- Staples Fulfillment Center — distribution & logistics (36.2 miles)
- Cardinal Health — healthcare services (37.6 miles) — HQ
- Fuse by Cardinal Health — healthcare technology (38.6 miles)
This Bellefontaine asset aligns with steady neighborhood fundamentals: occupancy has improved into the low-90s, renter concentration is above the metro median, and daily-needs amenities are competitive among local submarkets. According to commercial real estate analysis from WDSuite, these conditions point to durable tenant demand and manageable turnover for well-run operations.
Within a 3-mile radius, population and household growth, alongside a moderate rent-to-income profile, support leasing depth and pricing discipline. While comparatively accessible home values may create ownership alternatives, amenity access and an expanding renter pool should help sustain occupancy and cash flow resiliency over a hold period.
- Neighborhood occupancy in the low-90s with five-year improvement supports stability
- Renter-occupied share above the metro median indicates a deeper tenant base
- Competitive access to grocery, restaurants, and parks aids retention and leasing
- 3-mile population and household growth reinforce long-run demand for rentals
- Risk: comparatively accessible home values may compete with renting—focus on operations and amenities to protect retention