| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 49th | Good |
| Demographics | 43rd | Fair |
| Amenities | 41st | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 143 E College St, Oberlin, OH, 44074, US |
| Region / Metro | Oberlin |
| Year of Construction | 1972 |
| Units | 80 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
143 E College St, Oberlin OH Multifamily Investment
Renter-occupied housing is higher than most Cleveland–Elyria neighborhoods, supporting a deeper tenant base and potential occupancy stability, according to WDSuite’s CRE market data. Neighborhood rent levels trend on the higher side for the metro, which can aid pricing power but warrants attentive lease management.
Positioned in Oberlin within the Cleveland–Elyria metro, the property sits in a neighborhood rated B and ranked 265 out of 569 metro neighborhoods. That places it around the metro midpoint, offering competitive fundamentals without the volatility of more fringe locations.
Livability features are steady rather than destination-driven. Grocery and pharmacy access trend above national medians, while restaurants are around the national midpoint. Cafés and childcare are limited locally, so residents likely rely on broader trade areas for those needs.
Renter demand and tenure: The share of housing units that are renter-occupied is elevated (ranked 110 of 569), indicating a larger renter pool than the metro median. For multifamily investors, this suggests stable depth of demand and supports leasing continuity, even as property-level execution remains a key driver.
Demographics (3-mile radius): Recent years show modest population growth with households roughly steady, and forecasts point to slightly fewer residents but a small increase in total households. That mix implies shifts in household composition and can still support multifamily demand through a relatively stable or incrementally expanding tenant base.
Schools and housing context: Average school ratings sit near national mid-range. Home values are comparatively lower versus many U.S. neighborhoods, which can introduce some competition from ownership options; however, rent-to-income ratios indicate affordability pressure for renters in this neighborhood, so effective renewal strategies and income verification remain important for retention.
Vintage and asset positioning: Built in 1972, the asset is newer than the neighborhood’s older housing stock on average (1951). Investors should plan for targeted modernization and system updates to enhance competitiveness and capture value-add upside relative to aging comparables, while acknowledging that select capital projects may be needed.
Neighborhood safety trends are comparatively favorable. Crime levels benchmark above the national median (61st percentile nationwide), and the area is competitive among Cleveland–Elyria neighborhoods (crime rank 192 out of 569). Year over year, violent offense estimates show notable improvement, placing the neighborhood in a strong improvement cohort nationally.
For investors, this backdrop can aid leasing and retention, though prudent on-site measures and tenant screening remain standard risk controls.
Proximity to regional employers supports a commuter-friendly renter base, with access to advanced manufacturing, coatings, finance, and logistics offices that underpin steady leasing.
- Texas Instruments — semiconductor operations (18.4 miles)
- Travelcenters Of America — transportation services (20.1 miles) — HQ
- Airgas Merchant Gases — industrial gases (30.4 miles)
- Sherwin-Williams — coatings & corporate offices (30.5 miles) — HQ
- KeyCorp — banking headquarters & offices (30.5 miles) — HQ
143 E College St is an 80-unit, 1972-vintage community in a neighborhood with an above-median renter concentration for the Cleveland–Elyria metro. This supports depth of tenant demand and, combined with neighborhood rent levels that skew higher for the metro, can provide a base for disciplined revenue management, according to CRE market data from WDSuite. The asset’s vintage suggests practical value-add levers—targeted renovations and system updates—to strengthen competitive positioning versus older local stock.
Near-term leasing should be supported by a stable renter pool and commuter access to diversified employers. Looking forward, 3-mile projections show households holding modestly firm even as population may edge lower, which calls for focused marketing and retention strategies while still indicating a viable base of renters.
- Elevated renter-occupied share versus metro median supports depth of demand
- Neighborhood rent levels trend higher for the metro, aiding pricing discipline
- 1972 vintage offers value-add potential through targeted modernization
- Access to diversified regional employers supports commuting tenants
- Risks: ownership alternatives in a lower-cost market and shifting demographics require careful lease management