| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 49th | Good |
| Demographics | 65th | Good |
| Amenities | 76th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 124 Chestnut St, Englewood, OH, 45322, US |
| Region / Metro | Englewood |
| Year of Construction | 1972 |
| Units | 20 |
| Transaction Date | 2019-06-24 |
| Transaction Price | $746,000 |
| Buyer | SHAAN HOLDINGS LLC |
| Seller | REMLED HOMES LTD |
124 Chestnut St Englewood OH Multifamily Opportunity
Neighborhood occupancy is elevated and renter demand appears steady for this 20‑unit asset, according to WDSuite’s CRE market data. Pricing power should remain disciplined given the area’s mid-range rent positioning and broad suburban appeal.
Englewood’s neighborhood scores are competitive among Dayton-Kettering neighborhoods, with an overall A rating and a rank of 12 out of 228 — placing it firmly in the top quartile locally. Amenity access is a relative strength, with restaurants, pharmacies, parks, and cafes performing above national medians, which supports day-to-day livability and resident retention for multifamily.
Occupancy in the neighborhood is high and has improved over the last five years, outpacing national midpoints. Median contract rents sit near the national middle, while the rent-to-income profile is moderate, which can support lease stability without overreaching affordability. According to WDSuite’s CRE market data, the share of housing units that are renter-occupied is roughly one-third, indicating a defined — though not saturated — tenant base for smaller multifamily properties.
Within a 3-mile radius, demographics indicate a stable base today with a projected rise in household counts even as population is expected to edge down — a pattern consistent with smaller household sizes. For investors, more households relative to population can expand the renter pool and support occupancy, particularly for efficient unit types. Average school ratings in the neighborhood sit slightly above national medians, adding to the location’s suburban fundamentals.
Relative to metro and national CRE trends, the combination of strong occupancy, balanced rents, and above-median amenity access creates a pragmatic setup for cash-flow focus. Home values are comparatively accessible for owners in this area, which can introduce competition with for-sale options; however, it also supports steady renter reliance on multifamily where convenience and flexibility remain priorities.
Safety indicators for the neighborhood trail national medians, signaling a need for routine risk management and tenant screening. Compared with other Dayton-Kettering neighborhoods (228 total), performance is below the metro median, while national percentiles indicate conditions are weaker than average. Recent year-over-year changes in reported incident estimates appear volatile; investors should emphasize current, property-level measures (lighting, access control, and partnerships with local law enforcement) and monitor trend direction rather than single-year swings.
Regional employment is diversified across operations, metals, healthcare, and utilities, which supports commuter demand for workforce housing. Notable employers within driving distance include Waste Management, AK Steel, Anthem, Duke Energy, and Humana — all relevant to leasing stability and retention.
- Waste Management — environmental services (25.2 miles)
- AK Steel Holding — metals manufacturing (38.4 miles) — HQ
- Anthem Inc Mason Campus II — healthcare insurance operations (39.1 miles)
- Duke Energy — utilities offices (39.3 miles)
- Humana Pharmacy Solutions — healthcare services (39.8 miles)
This 20‑unit property benefits from a neighborhood that ranks in the top quartile among 228 Dayton-Kettering neighborhoods, with high occupancy and balanced rents supporting cash‑flow orientation. Within a 3‑mile radius, households are projected to increase even as population trends soften, implying smaller household sizes and a wider tenant base for efficiently sized units — a constructive backdrop for maintaining occupancy and lease velocity.
Amenity access outperforms national medians, and rent-to-income levels suggest manageable affordability that can aid renewal rates. Based on commercial real estate analysis from WDSuite, the area’s accessible ownership costs introduce some competition with for-sale housing, but suburban convenience, commuter access to established employers, and stable neighborhood occupancy underpin steady multifamily demand.
- Top-quartile neighborhood rank locally with consistently high occupancy supporting cash flow
- 3‑mile households expected to grow, expanding the renter pool despite softer population trends
- Above-median amenity access and mid-range rents support retention and lease management
- Proximity to diversified regional employers underpins commuter demand for workforce housing
- Risk: Safety metrics trail national medians; active property-level security and monitoring are prudent