| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 38th | Fair |
| Demographics | 38th | Poor |
| Amenities | 39th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 120 Maple St, Wellington, OH, 44090, US |
| Region / Metro | Wellington |
| Year of Construction | 1998 |
| Units | 52 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
120 Maple St, Wellington OH Multifamily Investment
Neighborhood occupancy trends are above the metro median, pointing to steady leasing conditions for this 52-unit asset, according to WDSuite s CRE market data. Metrics cited reflect the surrounding neighborhood, not the specific property.
Wellington s neighborhood fundamentals lean toward stability rather than velocity: the area s occupancy is above the metro median among 569 Cleveland Elyria neighborhoods, indicating consistent renter demand at the neighborhood level. Within a 3-mile radius, renter-occupied housing accounts for roughly three in ten units, signaling a moderate renter concentration that can support multifamily absorption while remaining smaller than what investors might expect in core urban submarkets.
Daily-needs access is serviceable rather than dense: grocery availability trends modestly above national averages, parks access is also above average, while cafes and pharmacies are sparse. Average school ratings track near the national middle. These patterns suggest livability suitable for workforce renters, though amenity-light blocks may require more emphasis on on-site features and competitive pricing to drive retention.
Home values in the neighborhood sit at levels that are not out of reach for ownership, which can introduce competition with entry-level buying. For multifamily operators, this typically means focusing on value, convenience, and flexible leasing to sustain occupancy and reduce turn. The neighborhood s rent-to-income positioning is strong (top quartile nationally), which supports lease retention and may provide measured pricing power when paired with asset-specific improvements.
Vintage context matters here: the average neighborhood housing stock dates to the early 20th century, while the subject property was built in 1998. Newer construction relative to local stock can be competitively advantageous in tenant appeal and maintenance reliability; investors should still plan for modernization of systems and finishes to maintain a leasing edge against both renovated legacy assets and single-family rental alternatives.
Neighborhood-level crime metrics were not available in WDSuite for this location at the time of publication. Investors typically benchmark site inspections and local law enforcement briefings against metro trends for Cleveland Elyria to gauge trajectory and relative positioning. Use multiple sources and observe patterns at different times of day to inform underwriting and operational planning.
Regional employment anchors within commuting range include technology, logistics, consumer goods, and financial services offices. These employers support a diverse workforce base that can underpin renter demand and help stabilize renewals.
- Texas Instruments electronics (23.2 miles)
- Travelcenters Of America transportation & logistics (25.4 miles) HQ
- International Paper Company packaging & paper (29.8 miles)
- J.M. Smucker consumer packaged goods (32.7 miles) HQ
- Airgas Merchant Gases industrial gases (33.3 miles)
120 Maple St offers mid-scale unit count in a neighborhood where occupancy trends rank above the metro median, supporting cash flow stability. The asset s 1998 construction is newer than much of the area s housing stock, which can translate into lower immediate capital intensity and stronger renter appeal versus older comparables, while still benefiting from targeted modernization. Based on CRE market data from WDSuite, the neighborhood s rent-to-income positioning is favorable, suggesting retention strength with measured pricing opportunity.
Within a 3-mile radius, forecasts point to growth in population and households through 2028, expanding the local tenant base. Amenity density is modest and homeownership remains attainable in this area, so operators who emphasize convenience, value, and refreshed finishes can differentiate while monitoring competition from for-sale housing and single-family rentals.
- Above-metro neighborhood occupancy supports stabilized leasing and renewal visibility
- 1998 vintage offers competitive positioning versus older local stock with selective modernization upside
- Favorable rent-to-income dynamics enhance retention and provide disciplined pricing headroom
- 3-mile forecasts indicate population and household growth, broadening the renter pool
- Risks: lower amenity density and accessible ownership options can temper rent growth without ongoing value and service differentiation