| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 42nd | Fair |
| Demographics | 67th | Good |
| Amenities | 14th | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 500 Staunton Commons Dr, Troy, OH, 45373, US |
| Region / Metro | Troy |
| Year of Construction | 1978 |
| Units | 29 |
| Transaction Date | 2015-02-13 |
| Transaction Price | $294,900 |
| Buyer | NEW STAUNTON COMMONS II LTD |
| Seller | STAUNTON COMMONS II LTD |
500 Staunton Commons Dr Troy Multifamily Investment
Stabilized neighborhood occupancy and low rent-to-income levels suggest durable renter demand, according to WDSuite s CRE market data. This 29-unit asset 1978 vintage offers value-add potential while benefiting from a broad, commuting-friendly Dayton-Kettering labor shed.
Troy sits within the Dayton-Kettering, OH region with a Rural neighborhood profile, offering quieter surroundings and drive-oriented access to services. Amenity density is limited locally, but grocery access tracks near the metro middle, and average school ratings rank in the top quartile among 228 metro neighborhoods a supportive factor for long-term family retention, based on CRE market data from WDSuite.
Within a 3-mile radius, the renter-occupied share is about one-third of housing units, indicating a meaningful tenant base that supports lease-up and renewal activity. Neighborhood occupancy is around the national median to slightly above, which typically translates to steady cash flow rather than outsized volatility for comparable assets.
Home values are near national medians, and the neighborhood shows a low rent-to-income burden, which can support pricing power and reduce near-term retention risk for landlords. Median asking rents remain accessible relative to incomes, keeping this submarket competitive versus both urban Dayton options and for-sale alternatives.
Demographics aggregated within 3 miles point to modest recent population growth and an expected increase in households alongside smaller household sizes over the next five years. That mix often expands the pool of renters and supports occupancy stability for well-managed properties undergoing light renovation or operational upgrades.
Safety metrics are mixed in a way typical of outer-ring Midwest submarkets. Compared with Dayton-Kettering peers, reported crime sits on the higher side of the metro distribution, while nationally the area trends around the middle to modestly safer-than-average, per WDSuite s benchmarks. Recent year data show declines in both violent and property offenses, an encouraging directional trend to monitor.
For underwriting, investors may assume standard security and lighting enhancements and emphasize resident screening and community management. Track multi-year trend lines rather than single-year snapshots to gauge whether recent improvement is durable relative to regional patterns.
Regional employment is diversified across logistics, environmental services, and distribution roles that are reachable by car, supporting workforce housing demand for Troy and northern Dayton submarkets. Employers noted below reflect commutable anchors that can aid leasing stability.
- Waste Management environmental services (20.5 miles)
- Staples Fulfillment Center distribution & logistics (43.2 miles)
Built in 1978, this 29-unit property is slightly newer than much of the local stock and presents straightforward value-add potential interior refresh, common-area upgrades, and systems maintenance to sharpen its competitive position. According to CRE market data from WDSuite, the neighborhood s occupancy registers around the national middle with low rent-to-income, suggesting room for calibrated rent growth without overly stressing affordability.
Within a 3-mile radius, forecasts indicate population and household expansion with smaller household sizes, which typically enlarges the renter pool and supports lease-up and renewal velocity. While amenity density is limited and safety is mixed relative to the metro, school ratings compare favorably within Dayton-Kettering, reinforcing family-oriented demand drivers for stabilized multifamily.
- Steady occupancy and low rent-to-income underpin near-term cash flow resilience.
- 1978 vintage offers value-add upside via targeted renovations and system updates.
- 3-mile forecasts point to a larger renter base and support for renewal rates.
- Competitive school ratings within the metro aid family retention.
- Risks: lower amenity density and metro-relative safety; underwrite for security, lighting, and convenience-oriented improvements.