| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 41st | Poor |
| Demographics | 34th | Poor |
| Amenities | 27th | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 700 Baker St, Mount Gilead, OH, 43338, US |
| Region / Metro | Mount Gilead |
| Year of Construction | 1985 |
| Units | 24 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
700 Baker St, Mount Gilead Multifamily Investment
Neighborhood fundamentals point to steady renter demand and above-median occupancy, according to WDSuite’s CRE market data. Positioning in a suburban Ohio location supports value-oriented leasing while keeping operating discipline front and center.
Mount Gilead offers a suburban setting with practical access to daily needs rather than destination amenities. Neighborhood-level data show grocery and pharmacy availability tracking around or above national midpoints, while cafés and parks are limited. For investors, this mix supports essential convenience but suggests demand will lean toward workforce and value-oriented housing rather than lifestyle-driven premiums.
The neighborhood’s occupancy trend is above the national median, with a relatively high share of renter-occupied housing units compared with neighborhoods nationwide. That higher renter concentration indicates a deeper tenant base and can support leasing stability for a 24-unit asset when pricing remains aligned with local incomes. Rent-to-income metrics signal manageable affordability pressure, which can aid retention and reduce turnover risk.
Demographic statistics aggregated within a 3-mile radius show a small recent population dip but forward projections call for population growth and a sizable increase in households alongside smaller average household sizes. For multifamily owners, a rising household count and smaller household sizes typically translate into a larger tenant base and more renters entering the market, which can support occupancy and absorption over time.
The property’s 1985 vintage is newer than the neighborhood’s older housing stock. That relative age can be competitively beneficial versus mid-century assets, though investors should still plan for targeted modernization and systems updates to sustain positioning. Home values are lower than many U.S. neighborhoods, which can introduce some competition from ownership options; this context favors disciplined rent setting and amenity investments that differentiate versus entry-level ownership.
Safety indicators are mixed when viewed across different measures. WDSuite’s estimates place violent and property offense rates in the top quartile nationally, which compares favorably to many neighborhoods. At the same time, broader crime positioning trends closer to national averages, and recent year-over-year estimates indicate increases. Investors should monitor local enforcement and neighborhood trend lines over time rather than relying on a single-year read.
The resident employment base is tied to the broader Columbus labor market, with commutable access to major corporate headquarters and operations that can support workforce housing demand and lease retention. Key nearby employers include Cardinal Health, Fuse by Cardinal Health, Parker-Hannifin, and L Brands.
- Cardinal Health — healthcare distribution (33.8 miles) — HQ
- Cardinal Health — corporate offices (34.1 miles)
- Fuse by Cardinal Health — innovation/tech hub (34.1 miles)
- Parker-Hannifin Corporation — industrial manufacturing offices (34.4 miles)
- L Brands — retail & brands (34.4 miles) — HQ
This 24-unit, 1985-vintage asset in Mount Gilead sits in a suburban neighborhood where occupancy trends run above national medians and the renter-occupied share is comparatively high. That combination, together with a value-oriented ownership landscape, points to a stable tenant base when rents are calibrated to local incomes. According to CRE market data from WDSuite, the area’s essentials-focused amenity mix and manageable rent-to-income levels support retention-oriented strategies over amenity premiums.
Within a 3-mile radius, forecasts call for population growth and a notable increase in total households alongside smaller average household sizes, implying renter pool expansion that can aid occupancy and absorption. The property’s newer-than-local-average vintage can be a competitive edge versus older stock, though targeted renovations and building systems planning remain important. Lower home values relative to many U.S. neighborhoods suggest some competition from entry-level ownership; disciplined pricing and practical upgrades should focus on durability and operating efficiency.
- Above-median neighborhood occupancy and higher renter concentration support demand depth
- Forecast household growth within 3 miles points to a larger tenant base
- 1985 vintage offers relative competitiveness versus older local stock with selective upgrades
- Essentials-oriented location favors retention strategies and operating efficiency focus
- Risk: lower home values may compete with entry-level ownership—maintain disciplined rents and differentiation