| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 42nd | Fair |
| Demographics | 67th | Good |
| Amenities | 14th | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 555 Staunton Commons Dr, Troy, OH, 45373, US |
| Region / Metro | Troy |
| Year of Construction | 1978 |
| Units | 36 |
| Transaction Date | --- |
| Transaction Price | $611,034 |
| Buyer | NEW STAUNTON COMMONS LTD |
| Seller | STAUNTON COMMONS LTD |
555 Staunton Commons Dr Troy Multifamily Investment
Neighborhood occupancy is approximately 93%, pointing to steady renter demand and lease-up resilience, according to WDSuite’s CRE market data. With moderate homeownership costs nearby, the asset can compete on value while maintaining retention through accessible rents.
Located in a rural pocket of the Dayton–Kettering metro (neighborhood rating: B-), the immediate area shows solid utilization with neighborhood occupancy near 93% and an above-average national standing for overall demographics. Within a 3-mile radius, a renter-occupied share near one-third indicates a meaningful tenant base that supports ongoing multifamily demand and day-to-day leasing.
Amenity density is limited on-block (cafés, parks, and pharmacies rank low metro-wide), so residents are more car-reliant for daily needs; however, grocery and restaurant access is present at lighter suburban levels. Average school ratings trend slightly above the national midpoint, offering a family-capable profile without commanding top-tier rent premiums.
Home values in the area sit at midrange levels for the region, which can make ownership comparatively accessible versus high-cost markets. For investors, that context suggests two counterbalancing dynamics: stable retention supported by a rent-to-income ratio that is favorable to renters, and periodic competition from entry-level ownership. Lease management and amenity positioning can help preserve pricing power relative to nearby for-sale options.
The property was built in 1978, somewhat newer than the neighborhood’s average vintage, which can be a competitive edge versus older stock. Even so, investors should plan for aging-system upgrades and selective renovations that can drive value-add upside and improve operating efficiency versus legacy comparables.
Looking forward, 3-mile demographics point to modest population growth and a projected increase in households alongside smaller household sizes. For multifamily owners, that combination typically expands the renter pool and supports occupancy stability, particularly for well-managed, functionally efficient units.
Safety indicators benchmark slightly better than the national baseline (upper-50s percentile nationally). Recent trends show year-over-year declines in both property and violent offenses in the surrounding area, with a notably larger drop in violent incidents. For investors, the directional trend is constructive and aligns with stable leasing dynamics, though localized monitoring remains prudent.
Regional employment is anchored by logistics and essential services within commuting reach, which supports workforce housing demand and helps stabilize leasing through economic cycles. Notable nearby employers include Waste Management and a Staples fulfillment operation.
- Waste Management — environmental services (20.5 miles)
- Staples Fulfillment Center — distribution & logistics (43.1 miles)
This 36-unit, 1978-vintage asset offers exposure to a stable renter base in a car-oriented submarket where neighborhood occupancy trends around the low 90s. Rents track as accessible relative to local incomes, which supports retention and consistent collections while leaving room for targeted value-add to lift effective rents.
According to CRE market data from WDSuite, the neighborhood’s demographic profile is competitive nationally and 3-mile projections point to more households and smaller household sizes—factors that typically expand the renter pool. Limited immediate amenities and moderate ownership accessibility introduce competition risks, but well-executed renovations and amenity programming can differentiate the property against older local stock.
- Occupancy stability in the low-90s supports steady cash flow and lease retention.
- 3-mile outlook shows more households and smaller sizes, indicating a larger renter pool over time.
- 1978 vintage offers value-add potential to outcompete older area stock while addressing aging systems.
- Rents remain accessible relative to incomes, aiding retention and collections management.
- Risk: Car-reliant location and accessible ownership options may temper rent growth; plan for amenity spend and competitive positioning.