| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 33rd | Fair |
| Demographics | 29th | Poor |
| Amenities | 53rd | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1600 Adams Ln, Zanesville, OH, 43701, US |
| Region / Metro | Zanesville |
| Year of Construction | 1991 |
| Units | 42 |
| Transaction Date | 1991-03-27 |
| Transaction Price | $63,000 |
| Buyer | NATIONAL CHURCH RESIDENCE OF ZANESVILLE |
| Seller | --- |
1600 Adams Ln Zanesville, OH Multifamily Investment
Neighborhood occupancy is steady and renter concentration is high, supporting lease-up and retention, according to WDSuite’s CRE market data. With a 1991 vintage relative to older nearby stock, the asset is positioned to compete on functionality while planning selective upgrades.
This Inner Suburb neighborhood in Zanesville ranks 10th of 43 metro neighborhoods, placing it in the top quartile locally for overall investment appeal. Amenity access is serviceable for a workforce renter base, with cafes and childcare density scoring above national medians, while grocery options are competitive among Zanesville areas. Average school ratings trend below national norms, which can influence tenant mix and expected lease-up profiles.
Renter-occupied housing accounts for roughly half of units in the neighborhood (49.7%), a high renter concentration relative to national patterns (upper decile nationally). That depth of renters helps support multifamily demand and reduces exposure to one-off move-outs. Neighborhood occupancy is around the national midpoint and has improved over the last five years, suggesting reasonably stable tenancy and manageable turnover risk.
Vintage positioning matters: the property’s 1991 construction is newer than the neighborhood’s older housing stock (average 1948). This typically offers an advantage on layouts, systems, and curb appeal versus pre-war inventory, though investors should still underwrite lifecycle updates for roofs, HVAC, and common areas to maintain competitiveness against newer builds.
Within a 3-mile radius, demographics indicate near-term softness followed by expansion. Historical data show slight population and household declines, but forward-looking projections point to population growth and a notable increase in households, implying a larger tenant base and potential renter pool expansion. Median contract rents in the neighborhood remain modest, which can aid retention and stabilize occupancy, though it may temper near-term pricing power.
Safety trends are mixed and should be monitored in underwriting. Within the Zanesville metro, this neighborhood sits in the lower tier for crime (ranked 40th of 43), indicating comparatively higher incident levels than many nearby areas. Nationally, property and violent offense rates benchmark around the upper third for safety, but recent year-over-year changes indicate volatility, reinforcing the need for proactive security measures and tenant-experience management.
Nearby industrial and logistics employment supports a steady base of workforce renters, with commute-friendly access to a major distribution node included below.
- Autozone Distribution Center — logistics & distribution (6.8 miles)
Positioned in a top-quartile Zanesville neighborhood with improving occupancy momentum, 1600 Adams Ln benefits from a deep renter base and modest rent levels that support retention. The 1991 vintage is competitive versus older nearby stock and can respond well to targeted value-add for interiors and common spaces to sustain leasing velocity. According to CRE market data from WDSuite, neighborhood renter concentration is elevated and occupancy trends have edged higher, pointing to durable demand for workforce-oriented units.
Affordability remains a defining feature: local home values are comparatively low and rent-to-income levels are moderate, which can stabilize tenancy while limiting outsized near-term rent lifts. Forward 3-mile projections indicate population growth and a meaningful increase in households, expanding the tenant pool and supporting occupancy stability over the hold, provided capital plans address lifecycle updates and resident experience.
- Top-quartile neighborhood within Zanesville (10 of 43) supports investor confidence in location fundamentals
- 1991 vintage versus older local stock offers competitive positioning with targeted value-add potential
- Elevated renter-occupied share underpins depth of tenant base and supports leasing stability
- Modest rent levels aid retention, with projected 3-mile household growth expanding the renter pool
- Risks: below-average school ratings and mixed safety trends require active management and prudent underwriting