| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 46th | Best |
| Demographics | 50th | Good |
| Amenities | 11th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 201 Lakeside Dr, New Concord, OH, 43762, US |
| Region / Metro | New Concord |
| Year of Construction | 1973 |
| Units | 58 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
201 Lakeside Dr, New Concord OH Multifamily Investment
Neighborhood occupancy is strong and renter demand is supported by a moderate renter concentration and favorable rent-to-income dynamics, according to WDSuite’s CRE market data. For investors, the core takeaway is stable leasing fundamentals in a suburban setting with room for selective value-add.
This suburban neighborhood rates A- among the Zanesville, OH metro’s 43 neighborhoods, suggesting generally solid fundamentals for multifamily. Neighborhood occupancy is above the metro median and in the top quartile nationally, indicating steady absorption and fewer lease-ups to backfill during turnovers (based on CRE market data from WDSuite). Renter-occupied housing share sits competitive among Zanesville neighborhoods and also ranks in the top quartile nationally, pointing to a meaningful tenant base for a 58-unit asset.
Schools benchmark well, with the neighborhood’s average school rating placing in the top quartile among 43 metro neighborhoods and the 84th percentile nationally. That educational profile can support retention for residents prioritizing school quality, which often helps reduce turnover volatility. Daily-needs access is thinner: general amenities, restaurants, groceries, cafes, childcare, and parks score at or near the bottom of the metro by density, while pharmacy access is comparatively better (above the metro median). This mix indicates a more car-oriented location with essential services reachable but not clustered.
Home values in the neighborhood are moderate for the region and, paired with a low rent-to-income ratio, signal manageable affordability pressure for renters. For multifamily owners, that typically supports lease stability and renewals rather than frequent price resistance. The property’s 1973 vintage is newer than the neighborhood’s older housing stock (average vintage skewing early- to mid-20th century), which can offer a competitive edge versus aging comparables, though investors should still underwrite modernization of systems, common areas, and finishes as part of capital planning.
Within a 3-mile radius, population has edged down modestly in recent years, but total households have increased and are projected to expand further alongside smaller average household sizes. That shift expands the renter pool and can support occupancy stability even as headcounts fluctuate, particularly for units appealing to smaller households. These dynamics, combined with suburban stability and above-median neighborhood occupancy, set a practical backdrop for steady performance.
Safety trends compare favorably in a national context: overall crime sits above the national median, with violent incident metrics landing in the top quartile nationally. Among Zanesville’s 43 neighborhoods, this area performs above average on safety indicators, which can aid tenant retention and reduce operational disruptions.
Year over year, violent offense measures have improved materially, while property-related offenses show a less favorable recent change. For investors, the read-through is generally constructive—with strengthening violent-crime trends—but continued monitoring of property-crime activity is prudent. Always evaluate property-level measures (lighting, access control, maintenance) alongside neighborhood context when budgeting for operations and risk management.
Nearby employment is anchored by regional logistics operations that can support renter demand and retention through commute convenience, notably within a short drive of a major distribution center.
- Autozone Distribution Center — logistics & distribution (9.0 miles)
201 Lakeside Dr offers a suburban, occupancy-supported setting where renter concentration and a low rent-to-income profile point to stable leasing and practical pricing power. According to CRE market data from WDSuite, the neighborhood’s occupancy is above the metro median and top quartile nationally, while schools rank strongly—useful for retention. The 1973 vintage is newer than much of the surrounding housing stock, creating an opportunity to compete effectively with older assets while targeting selective value-add in building systems and finishes.
Within a 3-mile radius, households have grown and are projected to expand further as average household size trends smaller. For investors, that implies a broader tenant base and sustained demand for smaller households, even as overall population softens modestly. Amenity density is limited beyond pharmacies, so underwriting should reflect a car-oriented resident profile and modest retail adjacency, offset by commuting access to regional employment.
- Above-median neighborhood occupancy with top-quartile national standing supports leasing stability
- Renter concentration and low rent-to-income dynamics bolster renewal potential
- 1973 vintage offers competitive positioning versus older local stock with targeted value-add upside
- Growing household counts within 3 miles expand the tenant base despite modest population softness
- Risks: limited amenity density and mixed property-crime trend warrant prudent operating and security planning