| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 33rd | Fair |
| Demographics | 29th | Poor |
| Amenities | 53rd | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1830 Adams Ln, Zanesville, OH, 43701, US |
| Region / Metro | Zanesville |
| Year of Construction | 1978 |
| Units | 32 |
| Transaction Date | 1998-07-27 |
| Transaction Price | $565,000 |
| Buyer | Z5 ADAMS LLC |
| Seller | DOC CON INVESTMENTS LTD |
1830 Adams Ln Zanesville Multifamily Investment
In an inner-suburb pocket of Zanesville where neighborhood occupancy trends sit in the low-90s, this 1978-vintage, 32-unit asset offers exposure to steady renter demand, according to WDSuite's CRE market data.
Located in an Inner Suburb setting with an A- neighborhood rating, the area ranks 10th of 43 Zanesville neighborhoods—placing it in the top quartile locally. Neighborhood occupancy is above the metro median and has edged higher over the past five years, supporting leasing stability for well-positioned properties.
Amenity access is a relative strength for a smaller metro: cafes rank 1st of 43 neighborhoods (high nationally), restaurants rank 3rd, and groceries rank 4th. However, parks and pharmacies are limited (both rank 43rd of 43), which may reduce walkable convenience and should be considered in positioning and resident services.
The neighborhood's typical construction year skews older (average 1948), while the subject was built in 1978. The property's later vintage can be competitively helpful versus pre-war stock, yet investors should still plan for ongoing capital needs and value-add upgrades to keep finishes, systems, and curb appeal current.
Renter concentration is elevated for the area: roughly half of housing units are renter-occupied, ranking 3rd of 43 locally and high nationally. This points to a deep tenant base and supports demand resiliency for multifamily operators.
Within a 3-mile radius, recent data show a modest population dip and fewer households versus five years ago, but forward-looking estimates indicate population growth and a meaningful increase in households through the next five years. This projected renter pool expansion supports occupancy stability and leasing velocity if units are maintained competitively.
Home values in the neighborhood sit on the lower end nationally, and median contract rents are also comparatively low. This cost landscape can sustain renter reliance on multifamily housing while also creating some competition from accessible ownership options—placing a premium on operations, resident experience, and unit quality to drive retention.
Relative to the Zanesville metro, the neighborhood's overall crime rank sits near the safer end (40th of 43). Nationally, safety indicators are below average overall, but both violent and property offense levels benchmark in stronger percentiles than many areas across the country.
Recent year-over-year changes indicate an uptick in reported incidents. Investors should underwrite prudent security measures and evaluate property-level historical trends, while recognizing the area remains comparatively stronger within the local metro context.
The local employment base includes distribution and logistics roles that support working-class renter demand and commute convenience, specifically the Autozone Distribution Center within typical drive times.
- Autozone Distribution Center — distribution & logistics (6.7 miles)
This 1978, 32-unit property provides exposure to a renter-heavy, Inner Suburb location where neighborhood occupancy is above the metro median and amenity access (cafes, restaurants, groceries) outperforms most Zanesville peers. Compact average unit sizes may appeal to value-oriented renters and workforce tenants, while the area's lower national cost positioning can support lease retention and consistent absorption when operations are well-managed. Based on CRE market data from WDSuite, forward estimates within a 3-mile radius point to population growth and a sizable increase in households, reinforcing the tenant base over the medium term.
Execution focus should emphasize targeted capital plans typical for late-1970s assets, attention to security and resident experience, and thoughtful pricing given accessible ownership alternatives in the submarket. With steady neighborhood occupancy and projected household gains, the thesis centers on durable demand with operational upside through modernization and efficient lease management.
- Above-metro neighborhood occupancy and a steady five-year trend support leasing stability
- Later vintage than local average enables value-add and modernization strategies
- 3-mile forecasts indicate population and household growth, expanding the renter base
- Amenity access (cafes, restaurants, groceries) ranks near the top among 43 metro neighborhoods
- Risks: recent safety trend volatility, limited parks/pharmacies, and accessible ownership require disciplined pricing and active management