| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 38th | Fair |
| Demographics | 38th | Poor |
| Amenities | 39th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 200 Marts Pl, Wellington, OH, 44090, US |
| Region / Metro | Wellington |
| Year of Construction | 1995 |
| Units | 56 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
200 Marts Pl Wellington OH Multifamily Investment
Neighborhood occupancy trends are above the Cleveland–Elyria metro median and local rent-to-income levels indicate manageable affordability, supporting stable leasing conditions, according to WDSuite’s CRE market data.
Wellington is a rural neighborhood within the Cleveland–Elyria, OH metro, offering a quieter operating context with practical access to daily needs. Amenity coverage is mixed: parks and childcare access rate above national midpoints, while cafes and pharmacies are sparse. For investors, this points to a renter profile prioritizing value and space over dense retail options—factors that can favor longer tenures if pricing remains disciplined.
The neighborhood’s occupancy ranks above the metro median among 569 neighborhoods, signaling solid renter demand relative to peer areas. Rent-to-income sits in a high national percentile, suggesting room for measured rent growth while maintaining retention. Median home values are near the national middle, which can create some competition from ownership, but also supports steady renter reliance on multifamily housing when factoring total cost of ownership.
Within a 3-mile radius, demographic stats indicate modest recent population gains and projections for further growth in both population and households over the next five years, expanding the potential tenant base. Renter-occupied share within this radius is roughly one-third today and is projected to increase, implying a gradually deepening renter pool and support for occupancy stability.
Construction patterns in the neighborhood are older on average, while the subject property was built in 1995. This newer vintage versus local stock can offer competitive positioning; investors should still underwrite routine modernization and systems updates to preserve asset relevance.
Current neighborhood-level safety data are not available in WDSuite for this location. Investors typically evaluate safety using multiple sources, including local law enforcement reports and on-the-ground observations, and compare trends to other Cleveland–Elyria neighborhoods to understand relative risk and tenant retention implications.
Regional employment drivers within commuting distance include advanced manufacturing, corporate services, and consumer goods—supporting workforce housing demand and commute convenience for renters. The following nearby employers are most relevant to local leasing dynamics:
- Texas Instruments — semiconductor offices (23.5 miles)
- Travelcenters Of America — travel centers & logistics (25.7 miles) — HQ
- International Paper Company — packaging & paper (29.3 miles)
- J.M. Smucker — consumer foods (32.2 miles) — HQ
- Airgas Merchant Gases — industrial gases (33.4 miles)
200 Marts Pl offers a 1995-vintage asset positioned in a rural submarket where neighborhood occupancy trends are above the metro median. Relative affordability—supported by favorable rent-to-income dynamics—suggests room for careful rent optimization without overextending residents, which can aid retention and cash flow stability, based on CRE market data from WDSuite.
Within a 3-mile radius, projections indicate population and household growth over the next five years, pointing to a larger tenant base and gradual renter pool expansion. The property’s newer vintage versus older neighborhood housing stock enhances competitive standing; investors should still plan for targeted capital to keep interiors and building systems current. Amenity density is lighter, and homeownership remains reasonably accessible in the area, so underwriting should account for potential competition from ownership and measured lease-up pace.
- Above-metro-median neighborhood occupancy supports leasing stability
- Favorable rent-to-income conditions provide room for disciplined pricing
- 1995 vintage competes well versus older local stock with targeted upgrades
- 3-mile population and household growth expands the tenant base
- Risks: lighter amenity density and accessible ownership options may temper rent growth and lease-up speed