| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 36th | Good |
| Demographics | 21st | Poor |
| Amenities | 17th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 450 Baker St, Zanesville, OH, 43701, US |
| Region / Metro | Zanesville |
| Year of Construction | 2007 |
| Units | 66 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
450 Baker St Zanesville Multifamily — 2007 Vintage, 66 Units
Investor focus centers on a high renter-occupied share in the neighborhood and a property that competes well versus older local stock, according to WDSuite’s CRE market data. Neighborhood metrics reference area trends, not property performance, and point to steady tenant-demand potential with prudent lease management.
The immediate neighborhood skews renter-heavy, with a high share of housing units that are renter-occupied. For multifamily investors, that depth of tenant base supports leasing velocity and day‑to‑day renewal prospects, though pricing should be calibrated to local income levels. Neighborhood occupancy trends are softer than many metro peers, which suggests careful revenue management and value-oriented positioning can matter for stability.
Amenity access is mixed: childcare density ranks competitively (1st among 43 Zanesville neighborhoods; top quartile nationally), while everyday retail like cafes, groceries, restaurants, and parks is limited within the neighborhood footprint. This pattern typically favors properties that offer on-site conveniences and reliable parking, while still benefiting from regional access for shopping and services.
The area’s housing stock is older on average (neighborhood average construction year 1910; rank 43 of 43), so a 2007 asset like 450 Baker St positions as relatively modern versus much of the competitive set. That newer vintage can reduce near-term capital exposure for major systems and improve curb appeal, though investors should still underwrite ongoing modernization and common-area refreshes as part of a standard plan.
Within a 3-mile radius, population and household counts contracted over the last five years, yet WDSuite’s CRE market data indicate forecasts for a return to growth by 2028, including an increase in households and a rising renter share. This outlook points to potential renter pool expansion that can support occupancy stability, provided unit finishes and pricing align with local incomes.
Home values are relatively low in absolute terms but high relative to incomes, a combination that can sustain reliance on multifamily housing. At the same time, rent-to-income ratios in the neighborhood signal some affordability pressure, reinforcing the need for disciplined lease management to protect retention while maintaining occupancy.
Safety indicators are mixed. The neighborhood’s crime position trails many metro peers (ranked 37 of 43 Zanesville neighborhoods), but national comparisons are more balanced: violent offense rates trend in the stronger range (about the 73rd percentile nationally) and property offense levels are above the national median (around the 61st percentile). Year-over-year volatility has been elevated, so investors should factor prudent security measures and lighting, and coordinate with local resources to support resident comfort over time.
Regional employment is anchored by logistics and distribution, supporting workforce housing demand and commute convenience for renters, notably including the AutoZone distribution facility.
- Autozone Distribution Center — logistics/distribution (6.9 miles)
Built in 2007 with 66 units, 450 Baker St competes favorably against an older neighborhood baseline, offering relatively modern systems and curb appeal versus much of the local stock. Based on CRE market data from WDSuite, neighborhood occupancy sits below many metro peers, which calls for measured rent setting and operational focus, but a high concentration of renter-occupied housing units and forecast household growth within a 3-mile radius indicate demand depth that can support steady leasing.
Ownership remains comparatively costly relative to local incomes, reinforcing reliance on multifamily housing. Near-term strategy should prioritize affordability-aware pricing and modest value-add to capture retention and stabilize occupancy, while monitoring safety and amenity gaps with pragmatic property-level solutions.
- 2007 construction provides a competitive edge versus older neighborhood stock, reducing near-term capital risk.
- High renter-occupied share signals a deep tenant base to support leasing and renewals.
- Forecast household growth within 3 miles suggests renter pool expansion and supports occupancy stability.
- Workforce access to nearby logistics employment supports day-to-day demand and retention.
- Risks: softer neighborhood occupancy, affordability pressure on renters, and variable safety indicators require disciplined lease and operations management.