| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 51st | Good |
| Demographics | 55th | Good |
| Amenities | 12th | Poor |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 455 Stonyridge Ave, Troy, OH, 45373, US |
| Region / Metro | Troy |
| Year of Construction | 1980 |
| Units | 56 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
455 Stonyridge Ave, Troy OH Multifamily Opportunity
Neighborhood occupancy sits at the top of the Dayton-Kettering metro, indicating stable renter demand and predictable operations, according to WDSuite’s CRE market data. With rents positioned against solid local incomes, this location supports steady leasing and retention rather than outsized volatility.
The property sits in a Troy neighborhood that emphasizes stability over density. Neighborhood occupancy ranks at the top of the metro (1 of 228 neighborhoods), a signal of tight supply and resilient leasing conditions at the neighborhood level, not the property. Median school ratings are above national median levels and competitive locally, with the area landing in the top quartile among 228 Dayton-Kettering neighborhoods, which can aid family-oriented renter retention.
Everyday retail density is limited (few cafes, groceries, and pharmacies within the immediate neighborhood), so residents typically drive for errands. That said, parks access is comparatively strong, with the neighborhood performing in the upper tiers nationally, supporting overall livability for renters seeking quieter settings.
Rents in the neighborhood track in a more accessible band and have grown moderately over the last five years, while the rent-to-income ratio remains manageable. This combination can help sustain occupancy and reduce turnover risk. Based on commercial real estate analysis from WDSuite, home values in the area are moderate versus national levels, which can create some competition from entry-level ownership; operators who emphasize value, upkeep, and resident services tend to compete effectively.
Within a 3-mile radius, demographics show a recent period of slight population and household softness, but WDSuite’s projections indicate population growth and more households by 2028. A larger household base and smaller average household size would expand the tenant pool and support leasing, particularly for practical unit mixes. The 3-mile area’s renter-occupied share sits below half of housing units, implying a defined but targeted renter base; for multifamily, that points to stable demand rather than transience.
Safety indicators sit around the metro median. Compared with neighborhoods nationwide, this area tracks below the national median for safety (lower percentile nationally), but recent trends are mixed: property offenses have eased year over year, while violent offenses increased off a lower base. These figures reflect neighborhood-level patterns rather than property-specific conditions.
For investors, this suggests standard risk management: strong exterior lighting, access controls, and community engagement to reinforce on-site safety. Monitoring local trendlines and coordinating with professional management can help sustain leasing momentum as the broader neighborhood evolves.
Regional employment is diversified and commutable by car, supporting workforce housing dynamics for Troy. Notable employers within driving distance include Waste Management and the Staples Fulfillment Center, which contribute to steady employee-based renter demand.
- Waste Management — environmental services (19.8 miles)
- Staples Fulfillment Center — logistics & distribution (42.4 miles)
This asset’s appeal centers on neighborhood-level occupancy that leads the Dayton-Kettering metro, translating into structural support for leasing and revenue stability at the neighborhood scale. Rents remain relatively accessible versus local incomes, which can bolster retention while allowing disciplined, incremental growth as renewals cycle. According to CRE market data from WDSuite, the surrounding 3-mile area is projected to add population and households by 2028, implying a larger tenant base and steady absorption potential.
Livability skews toward quieter, lower-density surroundings with stronger park access but fewer immediate retail options. Ownership remains comparatively accessible locally, so multifamily positioning benefits from well-maintained units, practical finishes, and responsive management to reinforce value versus entry-level ownership. Standard safety and asset-management measures are advisable given mixed neighborhood crime trends.
- Metro-leading neighborhood occupancy supports leasing stability and revenue consistency.
- Accessible rent levels versus incomes aid retention and measured rent growth.
- 3-mile projections point to population and household growth, expanding the renter pool.
- Risks: limited nearby retail density, accessible ownership alternatives, and mixed safety trends call for active management and resident-focused operations.