| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 47th | Best |
| Demographics | 37th | Poor |
| Amenities | 55th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 400 Kristina Dr, Bellefontaine, OH, 43311, US |
| Region / Metro | Bellefontaine |
| Year of Construction | 1994 |
| Units | 46 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
400 Kristina Dr Bellefontaine Multifamily Investment
Neighborhood fundamentals indicate steady renter demand with occupancy holding near metro norms and a renter-occupied share around half, according to WDSuite’s CRE market data.
Located in an inner-suburb setting of Bellefontaine, the neighborhood rates highly within the metro (ranked 2 of 23, A rating), signaling competitive location fundamentals for small to mid-sized multifamily. Amenity access is a relative strength for the area, with grocery, parks, and dining density competitive among Bellefontaine neighborhoods and in the top quartile nationally for several everyday conveniences. This supports day-to-day livability and helps widen the prospective tenant pool.
Rents in the neighborhood trend below national levels, while the rent-to-income ratio sits near the national middle. For investors, that pairing can support retention and reduce affordability pressure, though it may moderate top-line pricing power versus higher-cost metros. Neighborhood occupancy is slightly above the metro median (11 of 23) and has improved over the past five years, a constructive signal for leasing stability.
The property’s 1994 vintage is newer than the neighborhood’s average construction year (1989). This generally improves competitive positioning versus older stock, though investors should still plan for selective modernization and systems upgrades typical for 1990s assets to support future rentability.
Within a 3-mile radius, population and households have grown over the last five years, and forecasts point to continued gains alongside smaller average household sizes. For multifamily operators, that mix implies a gradually expanding renter pool and supports occupancy durability. Neighborhood tenure data indicates a meaningful renter-occupied share near half, suggesting depth for workforce-oriented demand while ownership remains accessible locally.
Home values in the neighborhood are lower relative to national benchmarks. In practice, that can create some competition from ownership alternatives, but it also supports value-conscious rental demand and can aid lease retention when paired with prudent asset management.
Safety indicators for the neighborhood are mixed but improving. Relative to Bellefontaine’s 23 neighborhoods, the area sits mid-pack; however, compared with neighborhoods nationwide it performs above the national middle, and recent year-over-year trends show notable declines in both property and violent offense estimates. For investors, this combination suggests a stable operating backdrop with improving momentum rather than a point of concern.
Regional employment anchors within commuting range include manufacturing, environmental services, logistics, healthcare, and retail headquarters, supporting a diversified renter base and commute convenience that can aid leasing and retention.
- Parker-Hannifin Corporation — manufacturing (24.5 miles)
- Waste Management — environmental services (28.3 miles)
- Staples Fulfillment Center — logistics & distribution (35.3 miles)
- Cardinal Health — healthcare supply chain (37.1 miles) — HQ
- Big Lots — retail headquarters (42.9 miles) — HQ
400 Kristina Dr offers a 46-unit, 1994-vintage asset positioned in one of Bellefontaine’s stronger neighborhoods (ranked 2 of 23), where everyday amenities and commuting access underpin renter appeal. Occupancy in the surrounding neighborhood trends slightly above the metro median and has improved in recent years, while NOI per unit performs competitively versus local peers, according to CRE market data from WDSuite. Lower rent levels relative to national benchmarks support retention and broaden the tenant base, though they can temper immediate pricing power.
The vintage is newer than the area’s average stock, providing a relative edge versus older assets, with targeted modernization likely to further enhance leasing performance. Nearby ownership costs are comparatively accessible, which can introduce some competition from for-sale options; balanced against this, growing households within a 3-mile radius and a substantial renter-occupied share in the neighborhood point to durable multifamily demand.
- Competitive neighborhood fundamentals with amenity access and above-median occupancy trends
- 1994 vintage offers relative competitiveness; selective upgrades can unlock value-add upside
- Lower rent levels support retention and broaden the tenant base
- Diversified regional employers within commuting range support leasing stability
- Risks: accessible ownership alternatives and mid-pack local safety require disciplined pricing and management