| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 34th | Good |
| Demographics | 44th | Fair |
| Amenities | 27th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 18391 5th St, Beloit, OH, 44609, US |
| Region / Metro | Beloit |
| Year of Construction | 1976 |
| Units | 48 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
18391 5th St, Beloit OH Multifamily Investment
Neighborhood renter concentration and forecast household growth within 3 miles point to a durable tenant base, according to WDSuite s CRE market data. Focus is on operational execution, as neighborhood occupancy levels reflect a market that rewards hands-on leasing and retention.
Positioned in Beloit within the Youngstown Warren Boardman metro, the neighborhood earns a B rating and ranks 88 out of 222 neighborhoods competitive among metro peers. The area functions like an inner suburb with a practical amenity set; grocery access is serviceable while parks, pharmacies, and cafes are limited, suggesting a more auto-oriented resident profile. For investors, this usually favors value in resident convenience (parking, in-unit laundry) over walkable retail.
The neighborhood s housing stock skews older (average vintage 1934), while this property s 1976 construction is newer than much of the surrounding supply. That typically supports competitive positioning but still implies routine capital planning for aging systems and common-area modernization to protect occupancy and pricing power.
Renter-occupied housing accounts for a top-quartile share within the metro (rank 30 of 222), indicating depth in the tenant pool for multifamily. Neighborhood occupancy sits below national norms, so communities that invest in renewals, unit readiness, and service levels can differentiate and stabilize more effectively.
Demographic indicators aggregated within a 3-mile radius show a modest population dip alongside an increase in households and smaller average household sizes. Forward-looking estimates point to additional growth in household count, which generally supports renter pool expansion and sustained demand for smaller units favorable for occupancy stability over a multiyear hold, based on CRE market data from WDSuite.
Safety indicators track somewhat below national averages, with the neighborhood ranked 98 out of 222 within the metro and landing in the mid-to-lower national percentiles. Recent year-over-year readings indicate an uptick in both property and violent offenses. For investors, this argues for standard multifamily risk controls ighting, access management, and resident screening and for highlighting on-site stewardship in leasing to support retention.
Nearby employers span rail transportation, insurance, and regional corporate offices, supporting workforce housing demand and commute convenience for residents in this submarket.
- Norfolk Southern rail operations (17.7 miles)
- Erie Insurance Group insurance (23.4 miles)
- Goodyear Tire & Rubber corporate offices (26.7 miles) HQ
- FirstEnergy utilities & corporate offices (29.3 miles) HQ
- Norfolk Southern Motor Yard rail yard operations (39.4 miles)
18391 5th St offers 1976-vintage construction in a metro where surrounding stock trends older, creating a relative quality advantage with clear value-add levers. Household growth within a 3-mile radius and a top-quartile renter-occupied share in the metro indicate a meaningful tenant base, while neighborhood occupancy trends suggest that disciplined leasing, renewals, and service can drive outperformance. According to CRE market data from WDSuite, location fundamentals and expected household gains support steady multifamily demand even as amenities remain car-oriented.
Key considerations include a lean neighborhood amenity set, mid-pack safety measures with a recent uptick in incidents, and a homeownership landscape that can be attainable relative to national hubs factors that place a premium on product differentiation and resident experience to reinforce retention and pricing.
- Newer-than-neighborhood stock (1976) with value-add and systems modernization potential
- Top-quartile renter concentration in the metro supports depth of tenant demand
- Household growth within 3 miles points to a larger renter pool and occupancy stability
- Risk: below-average walkability and mid-to-lower safety readings require strong on-site operations
- Risk: accessible ownership options locally can compete with rentals without clear product differentiation