| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 41st | Fair |
| Demographics | 53rd | Good |
| Amenities | 38th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1735 Mars Hill Dr, Dayton, OH, 45449, US |
| Region / Metro | Dayton |
| Year of Construction | 1992 |
| Units | 20 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
1735 Mars Hill Dr Dayton Multifamily Opportunity
1992 vintage relative to a 1970s neighborhood stock positions this asset competitively while catering to cost-conscious renters; according to WDSuite’s CRE market data, nearby renter demand is supported by growing households within 3 miles despite mixed neighborhood occupancy trends.
Located in a suburban pocket of the Dayton-Kettering metro, the property benefits from everyday conveniences more than destination amenities. Restaurants are comparatively dense (competitive among Dayton-Kettering neighborhoods, rank 29 out of 228), while grocery and pharmacy access are above the metro median (ranks 56 and 32 out of 228). Parks, cafes, and childcare are limited locally (each ranked 228 out of 228), which suggests residents rely on nearby corridors for recreation and services.
The neighborhood’s renter concentration is measured at 29% of housing units being renter-occupied, indicating a mixed-tenure area with a moderate tenant base. Neighborhood occupancy trends sit below national midpoints (rank 188 out of 228; national percentile 34), so investors should underwrite to steady but competitive leasing conditions and emphasize retention. Median contract rents in the neighborhood benchmark in the lower national percentiles, supporting value-oriented positioning and potential lease-up velocity.
Within a 3-mile radius, population and household counts have risen, and WDSuite data projects additional population and household growth over the next five years. This points to renter pool expansion that can support occupancy stability. Average household size is stable, and rising median incomes in the 3-mile trade area help underpin rent collections while still requiring attentive affordability management.
Compared with the metro and national landscape, home values in this area are relatively accessible (low national percentile), which can introduce some competition from entry-level ownership. For multifamily, this typically translates to a focus on convenience, flexibility, and well-maintained units to sustain pricing power. Average school ratings track around the national midpoint, which is consistent with a broad workforce housing profile rather than a top-tier school-driven premium segment.
The asset’s 1992 construction is newer than the neighborhood’s average 1974 vintage, supporting relative competitiveness versus older local stock; investors should still plan for system updates and selective modernization to keep the property aligned with renter expectations.
Safety indicators for the neighborhood trail stronger Dayton-Kettering peers. The area ranks 176 out of 228 metro neighborhoods for crime, and sits in the lower national percentiles for overall safety (around the 26th percentile), indicating elevated incident levels compared with many U.S. neighborhoods. Property offense metrics are around the national middle, while violent offense rates benchmark below the national midpoint. Recent year-over-year swings in violent offense estimates suggest volatility that investors should consider in underwriting and security planning.
Practical measures—lighting, access controls, and coordination with local community resources—can support tenant retention and mitigate perception risk. Positioning the asset with strong on-site management and visible upkeep can also help differentiate within comparable submarket stock.
Regional employment anchors within commuting range support a broad workforce tenant base and can aid leasing stability. The following employers represent nearby corporate and headquarters nodes relevant to renter demand.
- Anthem Inc Mason Campus II — insurance services (24.7 miles)
- AK Steel Holding — metals manufacturing (25.4 miles) — HQ
- Humana Pharmacy Solutions — healthcare services (26.7 miles)
- Duke Energy — utilities (27.9 miles)
- Waste Management — environmental services (28.0 miles)
This 20-unit asset at 1735 Mars Hill Dr offers a newer-than-area 1992 vintage versus a 1970s neighborhood baseline, giving it a competitive edge against older stock while remaining positioned for value-oriented renters. Within a 3-mile radius, WDSuite data shows rising population and households with further growth expected, which supports a larger tenant base and steadier leasing. Neighborhood rents benchmark on the accessible side relative to income levels, reinforcing retention, while ownership costs are comparatively attainable—an environment where well-maintained, convenient apartments can still capture demand through flexibility and service.
Neighborhood occupancy is below national midpoints, so execution will hinge on renewal focus, targeted marketing, and selective upgrades. The property’s smaller average unit sizes can appeal to cost-conscious renters seeking efficient layouts. According to CRE market data from WDSuite, local operating fundamentals are competitive among Dayton-Kettering neighborhoods, indicating potential to sustain performance with disciplined expense control and asset management.
- Newer 1992 construction versus a 1970s neighborhood average supports competitive positioning
- 3-mile trade area shows population and household growth, expanding the renter pool
- Accessible neighborhood rents relative to incomes support retention and lease stability
- Smaller average unit sizes align with demand from value-focused renters
- Risks: below-median neighborhood occupancy, limited nearby parks/cafes, and safety metrics that trail stronger metro peers