| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 34th | Good |
| Demographics | 44th | Fair |
| Amenities | 27th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 216 W Ohio Ave, Sebring, OH, 44672, US |
| Region / Metro | Sebring |
| Year of Construction | 1980 |
| Units | 42 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
216 W Ohio Ave Sebring, OH Multifamily Investment
1980 vintage positions this 42-unit asset competitively versus older local housing stock, while the neighborhood s renter-occupied share supports a dependable tenant base according to WDSuite s CRE market data.
Competitive among Youngstown-Warren-Boardman neighborhoods (ranked 88 of 222), the area surrounding 216 W Ohio Ave offers steady fundamentals for workforce housing. Neighborhood occupancy trends are in the mid-80s and have edged up over five years, suggesting stable leasing conditions rather than surge-and-fade demand. The renter-occupied share is roughly two-fifths of units, indicating a meaningful tenant pool for multifamily without being overly concentrated.
Livability is serviceable but not amenity-rich. Caf e9s, parks, and pharmacies are limited in immediate proximity, while grocery access is moderate for daily needs. Public school ratings track below national averages, which may matter for family-oriented renters and retention strategies. These dynamics point to a value-driven renter profile and a focus on convenience over lifestyle amenities.
Within a 3-mile radius, demographics show flat-to-soft population trends but a gradual rise in household counts alongside smaller household sizes emdynamics that often support multifamily demand by expanding the pool of renters relative to total residents. Median household incomes have been improving, and projections indicate further gains, which can underpin rent collections and modest pricing power when paired with diligent lease management.
Home values are comparatively low for the region, creating potential competition from entry-level ownership. For investors, that typically translates to careful positioning on finishes and rents to preserve value relative to mortgage alternatives while leveraging the convenience premium of professionally managed rental housing.
Vintage matters: the neighborhood 19s housing stock skews older on average (1930s-era), and this property 19s 1980 construction offers a relative edge versus prewar inventory. That said, systems and common areas may still benefit from selective modernization to strengthen competitive standing and support leasing velocity.
Safety indicators for the neighborhood are mixed and sit below national averages. Compared with the Youngstown-Warren-Boardman metro, the area 19s crime rank (98 out of 222 neighborhoods) suggests crime levels that are somewhat higher than the metro median. Nationally, the neighborhood aligns closer to the lower-third for safety, indicating investors should underwrite standard security measures and operating protocols.
Recent year-over-year changes point to upticks in both property and violent offense rates. While these are neighborhood-level trends rather than property-specific, they are relevant for underwriting contingencies, insurance considerations, and tenant-experience planning.
The employment base within commuting distance is diversified across rail, insurance, manufacturing, and utilities e4supporting workforce housing demand and lease retention for renters prioritizing drive-time convenience. Notable nearby employers include Norfolk Southern, Erie Insurance Group, Goodyear Tire & Rubber, FirstEnergy, and the Norfolk Southern Motor Yard.
- Norfolk Southern 14 rail & transportation (18.1 miles)
- Erie Insurance Group 14 insurance (22.4 miles)
- Goodyear Tire & Rubber 14 manufacturing (25.6 miles) 14 HQ
- FirstEnergy 14 utilities (28.2 miles) 14 HQ
- Norfolk Southern Motor Yard 14 rail operations (38.5 miles)
This 1980-built, 42-unit property offers relative competitiveness versus the area 19s older housing stock, with neighborhood occupancy holding in the mid-80s and edging upward over five years. Based on CRE market data from WDSuite, the surrounding neighborhood is competitive within the metro, with a renter-occupied share near two-fifths that supports a durable tenant base for workforce housing. Flat-to-soft population levels are offset by rising household counts and smaller household sizes within 3 miles, which can expand the renter pool and support occupancy stability.
Positioning will matter: lower regional home values can create ownership alternatives, so maintaining a clear value proposition through practical renovations and operational reliability should help defend retention and pricing. Safety trends sit below national norms, warranting prudent underwriting for security and insurance, while the nearby employment base across rail, insurance, manufacturing, and utilities supports day-to-day leasing fundamentals.
- 1980 vintage is newer than much of the local stock, supporting competitive positioning with targeted modernization
- Neighborhood occupancy has been steady with gradual improvement, aiding cash flow visibility
- 3-mile household growth and smaller household sizes indicate a broader renter pool and demand depth
- Diverse nearby employers (rail, insurance, manufacturing, utilities) support leasing and retention
- Risks: below-average safety metrics and accessible ownership options require careful rent positioning and security planning