| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 33rd | Poor |
| Demographics | 36th | Poor |
| Amenities | 54th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 602 Saint Paul Ave, Dayton, OH, 45410, US |
| Region / Metro | Dayton |
| Year of Construction | 1991 |
| Units | 20 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
602 Saint Paul Ave Dayton Multifamily Investment
Neighborhood occupancy has trended upward with stable renter demand, according to WDSuite s CRE market data, positioning this 20-unit asset to compete on value and size mix. Evidence of steady leasing paired with gradually rising household counts suggests durable cash flow potential relative to comparable Dayton submarkets.
Livability is mixed but investable for workforce housing. Neighborhood occupancy is around the national midpoint and has improved over the last five years, supporting leasing stability. Renter concentration is high (share of housing units that are renter-occupied), which typically indicates a deeper tenant base for multifamily operators.
Local amenities skew toward everyday convenience rather than lifestyle retail: parks and pharmacies score in the top quartile nationally, while restaurant density is also comparatively strong among metro peers. However, immediate cafe and grocery options are limited, which may nudge residents toward car-dependent shopping patterns and place a premium on on-site services and unit functionality.
The neighborhood s housing stock is older on average, while this property s 1991 vintage is newer than much of the surrounding inventory. That relative position can reduce near-term capital surprises versus pre-war stock, though selective renovations and system updates may still be prudent to remain competitive.
Within a 3-mile radius, WDSuite s commercial real estate analysis indicates modest population growth and a clearer increase in households alongside smaller average household sizes. For investors, that pattern typically supports demand for smaller floorplans and sustained absorption, particularly at attainable rent levels.
Ownership costs in this area are comparatively accessible, which can create some competition with entry-level homebuying. Balanced against that, median contract rents remain relatively manageable for local incomes, which can aid tenant retention and limit turnover when combined with pragmatic lease management.
School ratings in the broader area trail national averages, which is worth noting for family-oriented leasing strategies. Positioning the asset for singles, couples, and roommates seeking value and proximity to core Dayton corridors may align better with observed neighborhood demand.
Safety outcomes are weaker than national norms and sit below the metro median when compared across 228 Dayton Kettering neighborhoods. Even so, recent trends are constructive: both violent and property offense rates have declined year over year, indicating gradual improvement from prior levels. Investors should incorporate prudent security measures and lighting in the operating plan while monitoring the trendline.
Regional employers within the broader commuter shed help diversify income sources for renters, supporting workforce housing demand. The following corporate offices are reachable by car and can contribute to leasing stability for residents employed across operations, healthcare, power, and consumer sectors.
- Waste Management corporate services (21.3 miles)
- Anthem Inc Mason Campus II healthcare administration (31.4 miles)
- AK Steel Holding metals & manufacturing (32.4 miles) HQ
- Humana Pharmacy Solutions healthcare services (33.8 miles)
- Duke Energy utilities (35.0 miles)
This 20-unit asset, built in 1991, stands newer than much of the surrounding housing stock, providing a relative edge versus older inventory while still offering value-add potential through targeted renovations and efficiency upgrades. Neighborhood occupancy has held near national midpoints and improved over five years, and a high share of renter-occupied housing units indicates depth in the tenant base. Within a 3-mile radius, household counts have risen and average household size has edged down, trends that typically support demand for compact layouts and steady absorption.
Balanced fundamentals point to durable renter demand at attainable price points, while ownership remains relatively accessible and may present competitive pressure at the margin. According to CRE market data from WDSuite, local rent levels and occupancy dynamics suggest room for operational execution focused on retention, expense control, and selective upgrades rather than aggressive rent-led underwriting.
- 1991 vintage offers relative durability versus older neighborhood stock with targeted CapEx/modernization upside
- Neighborhood occupancy has improved over 5 years, supporting leasing stability and retention
- 3-mile radius shows more households and smaller sizes, aligning with compact-unit demand
- Risks: below-median safety metrics, limited immediate cafe/grocery options, and competition from relatively accessible ownership