| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 33rd | Fair |
| Demographics | 29th | Poor |
| Amenities | 53rd | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 544 Brookover Ave, Zanesville, OH, 43701, US |
| Region / Metro | Zanesville |
| Year of Construction | 1973 |
| Units | 24 |
| Transaction Date | 2008-11-12 |
| Transaction Price | $690,000 |
| Buyer | LKMM LLC |
| Seller | DEMPSEY MARK D |
544 Brookover Ave Zanesville 24-Unit Multifamily
Stabilized neighborhood fundamentals and a renter base near half of local housing units point to steady tenant demand, according to WDSuite’s CRE market data. With attainable rents in the area and occupancy trending firm, this asset offers practical income management potential without relying on aggressive assumptions.
This Inner Suburb location in Zanesville balances daily conveniences with attainable housing. Neighborhood cafe and childcare density trends are stronger than many peer areas (both sit in higher national percentiles), while grocery access is solid for a smaller metro. Parks and pharmacies are limited nearby, so residents rely more on private amenities and short drives for certain services.
At the neighborhood level, occupancy is holding in a healthy band and has improved modestly over five years, supporting income stability. Median contract rents are on the lower side for the region, which can help sustain leasing velocity and reduce turnover sensitivity during softer cycles. Compared with the wider U.S., amenity access is mixed, but everyday needs are serviceable for workforce renters.
Tenure data indicates a renter-occupied share near 50% in the neighborhood, which suggests a deep local tenant pool for multifamily. Within a 3-mile radius, WDSuite data shows households have been roughly flat in recent years, with projections calling for an increase by 2028 alongside a higher renter share; that trajectory implies a larger tenant base and supports occupancy stability. Use this as directional context rather than a forecast of individual property performance.
Home values in the immediate area trend well below national medians, which can introduce some competition from entry-level ownership. For investors, this typically argues for emphasizing product differentiation, convenience, and professional management to retain residents, while leveraging attainable pricing to maintain leasing momentum. This commercial real estate analysis also notes below-average school ratings locally, which may shape the resident mix toward singles and smaller households rather than families prioritizing top-rated schools.
Safety signals are mixed in this part of the Zanesville metro. Overall neighborhood safety benchmarks sit below the national average, yet violent offense levels trend comparatively better than many U.S. neighborhoods. Recent year-over-year fluctuations show a notable uptick in reported violent and property incidents, which warrants ongoing monitoring and proactive site-level measures (lighting, access controls, and coordination with local resources). These are area-level indicators and should be evaluated alongside property-specific history.
The employment base nearby is anchored by logistics and distribution, providing steady blue-collar and support roles that align with workforce rental demand. The following employer underpins commuting convenience for residents of this neighborhood.
- Autozone Distribution Center — logistics and distribution (5.8 miles)
Built in 1973, the property is newer than much of the surrounding housing stock, offering a competitive edge versus older inventory while still presenting selective capital planning needs typical of vintage systems. Neighborhood occupancy has been stable with modest improvement, and area rents remain attainable, supporting leasing durability through cycles according to CRE market data from WDSuite.
Investor positioning centers on workforce demand, a renter concentration near half of local units, and projected growth in the 3-mile renter pool by 2028. Lower local home values can create some overlap with entry-level ownership, but thoughtful unit finishes, convenience, and professional management can preserve retention and pricing consistency.
- 1973 vintage: competitive versus older neighborhood stock with targeted modernization upside
- Stable neighborhood occupancy and attainable rents support income durability
- Renter-occupied share near half and a projected 3-mile renter pool expansion reinforce tenant depth
- Risk: below-average school ratings and recent safety fluctuations may influence resident mix and management focus
- Workforce employment access (logistics/distribution) supports commute-friendly leasing