| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 49th | Good |
| Demographics | 59th | Good |
| Amenities | 67th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1580 Cheshire Rd, Troy, OH, 45373, US |
| Region / Metro | Troy |
| Year of Construction | 1998 |
| Units | 47 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
1580 Cheshire Rd, Troy OH Multifamily Investment
Neighborhood data indicates a sizable renter-occupied share, supporting a deeper tenant base and steady leasing, according to WDSuite’s CRE market data. Occupancy is measured for the neighborhood and trends near the metro middle, suggesting stable operations with standard competitive pressure.
The property sits in an Inner Suburb of the Dayton-Kettering metro where the neighborhood ranks 23rd of 228 overall (A rating), placing it in the top quartile among metro neighborhoods. Amenity access scores competitively as well, with restaurants, groceries, and daily services performing above the metro median and helping support resident convenience and lease retention.
Schools in the area average roughly 3.0 out of 5, which is solidly above national midpoints and aligns with family-oriented renter demand. Amenity detail is balanced: cafes and childcare density perform competitively among Dayton-Kettering neighborhoods, while parks and pharmacies register above the metro median. These local dynamics generally help reduce search frictions for residents and support leasing velocity.
Renter-occupied share in the neighborhood sits around 50.7%, indicating a meaningful renter concentration and a deeper pool of prospective tenants for multifamily. Neighborhood occupancy is near the national midrange, which typically supports day-to-day operations without outsized volatility; investors should still underwrite tenant marketing and renewals to maintain stability.
The asset’s 1998 vintage is newer than the neighborhood’s average construction year (1984). That positioning can be competitive versus older stock, though investors should plan for selective modernization and systems updates as part of capital planning to keep the property aligned with current renter expectations.
Within a 3-mile radius, recent population growth and rising household counts point to incremental renter pool expansion. Forward-looking data also indicates continued increases in households alongside smaller average household sizes, which can translate to more renters entering the market and support occupancy stability for well-managed assets.
Home values in the neighborhood are moderate by national standards, and rent-to-income sits near favorable levels for operators. This context can support lease retention, though relatively accessible ownership options may create some competition; pricing power should be managed with close attention to value and resident experience.
Safety indicators for the neighborhood track below national midpoints (around the 30th percentile nationwide), and the area ranks in the lower half of Dayton-Kettering neighborhoods for crime incidence. Year-over-year trends are mixed: property offenses have declined, while violent-offense estimates rose. These are neighborhood-level measures and can vary block to block.
For underwriting, investors typically account for security, lighting, and insurance assumptions consistent with submarkets that perform below metro averages, while weighing recent declines in property offenses as a potentially constructive trend.
The rental base is supported primarily by regional employers accessible by car, which can aid weekday occupancy and renewal potential. Representative nearby employer is listed below.
- Waste Management — environmental services (22.4 miles)
This 47-unit, 1998-vintage asset benefits from a neighborhood that ranks in the top tier within the Dayton-Kettering metro and offers amenity access supportive of renter convenience. The area’s renter-occupied share indicates a sizable tenant base, while neighborhood occupancy trends near the national midrange suggest steady operations for disciplined managers. According to CRE market data from WDSuite, ownership costs are moderate relative to income locally, which supports retention, though it also implies some competition from entry-level ownership.
Within a 3-mile radius, recent population gains and a projected increase in households point to a larger tenant base and potential leasing depth over time. The 1998 vintage is newer than the area’s average building age, offering a competitive position versus older stock; investors should still plan for targeted modernization and system updates to sustain rentability and limit turn risk.
- Top-quartile neighborhood positioning in the Dayton-Kettering metro supports demand fundamentals and leasing stability.
- Meaningful renter-occupied share in the neighborhood indicates depth of tenant demand for multifamily.
- 1998 vintage offers competitive positioning versus older stock with targeted value-add through modernization.
- 3-mile household growth outlook suggests gradual renter pool expansion and supports occupancy management.
- Risks: below-average safety metrics, competition from accessible ownership, and mid-pack neighborhood occupancy warrant conservative underwriting.