| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 23rd | Poor |
| Demographics | 34th | Poor |
| Amenities | 43rd | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 2466 Wyoming St, Dayton, OH, 45410, US |
| Region / Metro | Dayton |
| Year of Construction | 1972 |
| Units | 114 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
2466 Wyoming St Dayton 114-Unit Value-Add Multifamily
Positioned for workforce demand with competitive access to groceries and parks, this 1972 asset offers renovation and operational upside, according to WDSuite’s CRE market data. Neighborhood occupancy trends sit below metro medians, suggesting disciplined management can capture leasing share as renter demand deepens.
Located in Dayton’s Inner Suburb fabric, the property benefits from strong daily-needs access: the neighborhood ranks competitive among 228 Dayton-Kettering neighborhoods for overall amenities, with grocery density in the top quartile nationally and park access similarly elevated. By contrast, cafes, childcare, and pharmacies are sparse, so resident convenience skews toward essentials rather than lifestyle retail.
Rents in the surrounding neighborhood trend below national medians, supporting an affordability narrative and potential lease retention. Neighborhood occupancy is below the metro median and trails national averages, indicating that hands-on leasing, unit turns, and targeted upgrades can differentiate product and stabilize performance.
Tenure dynamics point to a workable renter base. Within a 3-mile radius, roughly 46% of housing units are renter-occupied, providing depth for multifamily demand while still competing with relatively accessible ownership options. Low home values in the immediate area create some head-to-head competition with entry-level ownership, but also expand the pool of cost-sensitive renters, which can support steady absorption and pricing discipline.
Demographics within a 3-mile radius show modest population growth and a net increase in households, with projections calling for further household expansion alongside smaller average household sizes. For investors, that points to a larger tenant base and continued need for attainable, professionally managed rentals, which can support occupancy stability and controlled rent growth over time.
Vintage matters: with a 1972 construction date in a neighborhood whose average stock skews older, this asset should be competitive versus pre-war product while still warranting capital planning for systems, interiors, and common areas. Executed upgrades could capture value-add upside in a market segment focused on attainable rents.
Safety metrics are mixed. The neighborhood’s crime rank sits at 100 out of 228 Dayton-Kettering neighborhoods, indicating conditions that lag safer parts of the metro. Nationally, safety percentiles are below average; however, recent trend data shows a meaningful year-over-year improvement in property offenses and modest improvement in violent offenses. For investors, this argues for standard security measures and resident engagement, with an eye on an improving trajectory rather than block-level conclusions.
Regional employment anchors within commuting range include environmental services, health insurance, steel, pharmacy services, and utilities — a diversified base that can support renter demand and retention for workforce-oriented units.
- Waste Management — environmental services (20.9 miles)
- Anthem Inc Mason Campus II — health insurance (31.3 miles)
- AK Steel Holding — steel manufacturing (32.5 miles) — HQ
- Humana Pharmacy Solutions — pharmacy services (33.8 miles)
- Duke Energy — utilities (35.1 miles)
This 114-unit, 1972-vintage property sits in a neighborhood with strong essentials (groceries, parks) and attainable rent levels. According to CRE market data from WDSuite, neighborhood occupancy trends are below metro medians, suggesting experienced management and targeted renovations can capture leasing share. The area’s 3-mile radius shows a growing household base and a sizable renter-occupied share, reinforcing demand for professionally managed, value-focused apartments.
Given an older surrounding housing stock, 1972 construction offers a relative edge versus pre-war assets while still presenting clear value-add levers through system updates, interior refreshes, and amenity activation. Ownership costs nearby are relatively low, which introduces competition from entry-level homeownership, but also supports a broad workforce tenant pool where pricing discipline and service quality can drive retention.
- Essentials-first location: strong grocery and park access supports day-to-day livability
- Value-add path: 1972 vintage with scope for interior and systems upgrades
- Demand depth: sizable 3-mile renter base and projected household growth support absorption
- Pricing power potential at attainable rent levels with professional leasing and operations
- Risks: below-median neighborhood occupancy and below-average safety metrics require active management