| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 48th | Good |
| Demographics | 63rd | Good |
| Amenities | 13th | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 2570 Woodman Dr, Dayton, OH, 45420, US |
| Region / Metro | Dayton |
| Year of Construction | 2000 |
| Units | 24 |
| Transaction Date | 1999-10-27 |
| Transaction Price | $147,000 |
| Buyer | FRANKLIN FOUNDATION OF KETTERING PARK MA |
| Seller | GRILLIOT KENNETH J |
2570 Woodman Dr Dayton Multifamily Investment
Positioned in a suburb of Dayton with occupancy that ranks in the upper tier nationally for the neighborhood, this 24-unit asset benefits from steady renter demand, according to WDSuite’s CRE market data. This concise commercial real estate analysis highlights stable fundamentals with room for operational optimization.
The property sits in a Suburban neighborhood within the Dayton–Kettering metro that carries a B rating and ranks 109 out of 228 metro neighborhoods. Neighborhood occupancy is strong (ranked 28 of 228), placing it in the top quartile among metro peers and around the mid‑90s percentile nationally, which supports leasing stability for multifamily investors.
Livability indicators are mixed. Public park access is comparatively strong (ranked 51 of 228; top quartile nationally), while day‑to‑day retail and café density is thinner than many Dayton submarkets. Average school ratings in the neighborhood are among the best in the metro (ranked 1 of 228; top percentile nationally), which can bolster long‑term renter retention for family‑oriented households.
Home values in the neighborhood are lower than national norms (15th percentile nationally), creating a more accessible ownership market that can introduce competition for renters. Even so, neighborhood rent levels trend modestly above national medians (55th percentile), and the rent‑to‑income ratio sits at a manageable level, suggesting measured affordability pressure and aiding renewal prospects.
Within a 3‑mile radius, demographics show recent population growth with forecasts pointing to additional gains and a notable increase in households over the next five years, expanding the local renter pool. Renter‑occupied housing accounts for a meaningful share of units (3‑mile tenure data), indicating depth in multifamily demand without over‑reliance on any single cohort. Based on CRE market data from WDSuite, the property’s 2000 vintage is newer than the neighborhood’s average 1979 stock, offering a competitive position versus older buildings while still leaving room for targeted modernization.
Safety metrics are mixed compared with broader benchmarks. The neighborhood’s crime profile ranks 170 out of 228 Dayton–Kettering neighborhoods, which is below the metro median and sits in the lower national percentiles for safety. That said, current estimated violent‑offense levels track near national midpoints, while property‑offense measures have shown recent volatility. Investors should monitor trend direction rather than any single year, and underwrite with practical measures such as lighting, access control, and resident engagement.
Regional employers within commuting reach support a diversified renter base, notably in waste services, health insurance, steel manufacturing, pharmacy services, and utilities. These anchors can aid tenant retention by offering stable employment across cycles.
- Waste Management — waste services (21.5 miles)
- Anthem Inc Mason Campus II — health insurance campus (29.2 miles)
- AK Steel Holding — steel manufacturing (31.0 miles) — HQ
- Humana Pharmacy Solutions — pharmacy services (32.3 miles)
- Duke Energy — utilities (34.0 miles)
This 24‑unit property, built in 2000, is newer than much of the surrounding 1970s-era inventory, positioning it competitively versus older stock while leaving scope for targeted value‑add. Neighborhood occupancy ranks in the top quartile among 228 metro neighborhoods and near the mid‑90s percentile nationally, supporting stable leasing. According to CRE market data from WDSuite, local rent levels sit modestly above national medians with a manageable rent‑to‑income profile, which can aid renewal rates without overextending tenants.
Investor considerations include a relatively amenity‑light pocket and safety metrics that trail the metro median, warranting prudent operating practices. Offsetting this, 3‑mile demographics indicate population growth and a projected increase in households, expanding the tenant base and supporting long‑term demand for multifamily units.
- Newer 2000 vintage versus neighborhood average, with potential for selective modernization
- Neighborhood occupancy in top quartile among 228 metro neighborhoods supports leasing stability
- Rents modestly above national medians and manageable rent‑to‑income support retention
- 3‑mile forecasts show household growth, expanding the renter pool over the medium term
- Risks: amenity-light location and below‑median metro safety require active management