| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 48th | Best |
| Demographics | 25th | Poor |
| Amenities | 0th | Poor |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 19477 State Route 772, Waverly, OH, 45690, US |
| Region / Metro | Waverly |
| Year of Construction | 1977 |
| Units | 24 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
19477 State Route 772 Waverly Multifamily Investment
Neighborhood occupancy is around the national median and a meaningful share of units are renter-occupied, supporting steady tenant demand according to WDSuite’s CRE market data. Positioning skews toward attainable rents, which can aid lease retention in a workforce tenant base.
This suburban neighborhood in Pike County carries a C rating and sits in the lower half of the metro’s 16 neighborhoods, signaling average-to-modest competitiveness for multifamily. Neighborhood occupancy of 91.9% is near national norms, suggesting generally stable leasing conditions rather than outsized volatility, per commercial real estate analysis from WDSuite.
Renter concentration is moderate (share of housing units that are renter-occupied), indicating a viable but not deep tenant base. Median contract rents benchmark on the lower side versus national levels, which can support affordability, reduce turnover pressure, and provide measured pricing power when paired with solid property operations.
Home values sit below national medians, which can make ownership relatively accessible and create some competition for renters. For multifamily investors, this underscores the importance of value, convenience, and property quality to sustain absorption and renewal rates.
Local retail and service density within the neighborhood is limited, with few day-to-day amenities in close proximity. Investors typically offset this by emphasizing on-site functionality and by targeting residents who prioritize attainable rents and straightforward commutes over walkable retail access.
Comparable safety benchmarks are not available for this neighborhood from the provided dataset. Investors should evaluate county-level trends, property-level incident history, and operational practices (lighting, access control, and visibility) to contextualize risk. Where neighborhood-level crime ranks are unavailable, underwriting typically leans on broader regional patterns and third-party verifications to calibrate assumptions.
The area is primarily supported by a regional workforce with commutes to larger employment centers. Proximity to the following employer can help underpin renter demand among commuting households.
- General Mills — food manufacturing offices (31.1 miles)
This 24-unit property, built in 1977, is older than the neighborhood’s average vintage, pointing to potential value-add and capital planning opportunities around interiors, building systems, and curb appeal. Neighborhood occupancy trends are near the national median, and rents benchmark on the attainable side, which can support leasing stability and renewal momentum when operations are well-managed, based on CRE market data from WDSuite.
Moderate renter concentration signals a serviceable tenant base, though below-median home values mean ownership alternatives can compete with renting. Limited nearby amenities place a premium on on-site convenience and property maintenance. Underwriting that prioritizes durable demand drivers and targeted renovations can position the asset competitively against older stock.
- 1977 vintage offers value-add potential and clear capex planning focus
- Neighborhood occupancy near national norms supports baseline stability
- Attainable rent positioning aids retention within a workforce renter pool
- Risk: Limited neighborhood amenities require emphasis on on-site functionality
- Risk: Below-median home values can challenge pricing power without operational differentiation