| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 28th | Good |
| Demographics | 41st | Good |
| Amenities | 0th | Poor |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 43 N 9th St, McConnelsville, OH, 43756, US |
| Region / Metro | McConnelsville |
| Year of Construction | 1985 |
| Units | 60 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
43 N 9th St, McConnelsville OH — 60-Unit Multifamily
Renter demand is supported by a moderate renter-occupied share in the neighborhood and relatively accessible ownership costs, according to WDSuite’s CRE market data. Neighborhood occupancy is lower than many metros, so underwriting should emphasize tenant retention and conservative lease-up assumptions.
This rural neighborhood in McConnelsville offers a quieter setting with limited retail and daily-needs density, which can translate to stable, value-oriented tenancy rather than amenity-driven leasing. Neighborhood occupancy is reported for the neighborhood, not the property, and trends below national norms, indicating the importance of conservative revenue planning and resident services to support renewals.
Construction year for the asset is 1985, newer than much of the area s older housing stock. That positioning can be competitive versus pre-war inventory while still leaving room for targeted modernization and systems updates to enhance rentability and reduce near-term capital risk.
Within a 3-mile radius, demographic indicators show steady population levels and an increase in educational attainment, suggesting a stable tenant base. The neighborhood shows a moderate renter-occupied share, which supports depth of demand for multifamily housing and can aid occupancy stability for well-managed properties.
Home values in the area are comparatively lower than many U.S. neighborhoods, and median contract rents are modest. For investors, this combination implies that owning is relatively accessible for some households; however, it also supports resident retention in well-run rental communities where lease levels remain aligned with local incomes. These dynamics, paired with measured rent-to-income levels, point to manageable affordability pressure and disciplined rent growth potential informed by multifamily property research.
Neighborhood safety indicators suggest comparatively favorable rates versus many U.S. neighborhoods, particularly on violent and property crime measures, based on national percentile positioning. Recent year-over-year shifts indicate some volatility, so investors should review current trend data and coordinate with local management for practical measures that support resident assurance and asset protection.
Safety statistics reflect neighborhood-level conditions rather than this property specifically. For underwriting, prudent assumptions and routine monitoring of local trend reports can help align security spend and operating protocols with evolving conditions.
Regional employment is anchored by distribution and logistics within commuting range, which can support workforce housing demand and leasing stability for value-oriented units. Highlighted below are key nearby employers relevant to renter demand from this submarket.
- Autozone Distribution Center logistics/distribution (23.1 miles)
The 1985 vintage provides a meaningful age advantage over much of the surrounding housing stock, offering competitive positioning with potential value-add through interior updates and building systems optimization. Neighborhood occupancy is measured for the neighborhood and trends on the softer side, so a focus on tenant retention, service quality, and disciplined marketing should underpin underwriting. According to commercial real estate analysis from WDSuite, local rent levels and rent-to-income dynamics indicate manageable affordability pressure, supporting resident stability while signaling measured rent growth expectations.
Overall, the asset s relative vintage, stable regional renter base, and accessible rent levels can offer durable cash flow potential if paired with proactive management and targeted capital plans. Key watch items include limited amenity density, commuting patterns, and monitoring recent shifts in neighborhood safety indicators.
- 1985 vintage offers competitive positioning versus older local stock with value-add modernization potential
- Moderate renter-occupied share supports depth of demand and occupancy stability
- Accessible rent levels and measured rent-to-income support retention and disciplined pricing
- Risk: softer neighborhood occupancy warrants conservative lease-up and renewal assumptions
- Risk: limited amenity density and evolving safety trends call for active management and resident engagement