| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 46th | Good |
| Demographics | 48th | Poor |
| Amenities | 30th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 205 Selhorst Dr, Ottawa, OH, 45875, US |
| Region / Metro | Ottawa |
| Year of Construction | 1976 |
| Units | 60 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
205 Selhorst Dr, Ottawa OH Multifamily Investment
Neighborhood occupancy is strong and competitive among local submarkets, supporting stable tenant retention according to WDSuite’s CRE market data. In a rural setting with modest retail density, demand durability is the key investor takeaway.
Ottawa s neighborhood surrounding 205 Selhorst Dr carries a B+ rating and ranks 7th among 23 neighborhoods in Putnam County, making it competitive among local options for workforce housing. The area s rural profile means fewer destination amenities, yet essential services are present, with childcare and pharmacy access comparatively stronger locally than cafes, grocery, or parks. Nationally, amenities register as modest, but within the county the amenity rank sits near the top, indicating residents typically meet daily needs nearby or in adjacent towns.
For investors, the most notable signal is occupancy: neighborhood occupancy is high and in the top quartile nationally while ranking competitive among 23 county neighborhoods. This level of stability can help underpin leasing and renewal performance even in slower-growth settings. Median household incomes and home values sit around mid-range nationally, and the rent-to-income profile indicates relatively low affordability pressure for renters, which can aid retention and reduce turnover risk.
The local housing stock skews more owner-occupied, with roughly over one-quarter of housing units renter-occupied. That implies a smaller but steady renter base generally supportive of stabilized multifamily rather than large-scale new deliveries and places a premium on management execution for leasing velocity. Vintage matters here: the property s 1976 construction is older than the neighborhood s average vintage (1984), suggesting a practical value-add path via unit modernization, system upgrades, and curb appeal to differentiate versus older peers.
Relative to national CRE trends, this location offers a combination of high occupancy, moderate household incomes, and accessible ownership costs. In practice, that means multifamily competes with attainable for-sale housing, so pricing strategy should emphasize livability and convenience while capital plans focus on durable upgrades that justify rent positioning without overreaching.
Comparable neighborhood safety data is not available in the provided dataset, so no definitive conclusions can be drawn here. Investors should supplement underwriting with local law enforcement statistics, recent trend reports, and property-level incident histories to contextualize risk.
Given the rural context, localized patterns can vary by corridor and property frontage. Benchmarking against county averages and nearby neighborhoods will provide a clearer view of relative safety and potential implications for leasing and insurance assumptions.
Regional employers within commuting distance support steady renter demand, particularly for workforce housing tied to energy, packaging, and automotive supply chains. Notable nearby employers include Marathon Petroleum, Owens-Illinois, and Dana.
- Marathon Petroleum energy (19.5 miles) HQ
- Owens-Illinois packaging & materials (39.9 miles) HQ
- Dana Holding automotive components (41.2 miles) HQ
- Dana automotive components (41.2 miles)
This 60-unit asset, built in 1976, sits in a rural neighborhood that is competitive within Putnam County and shows high neighborhood occupancy. According to CRE market data from WDSuite, occupancy performance is elevated versus national norms, which can support stable renewals and lower downtime when paired with disciplined operations. The property s older vintage signals clear value-add levers interior updates, mechanical and efficiency upgrades, and exterior improvements to strengthen positioning against similarly aged stock.
Ownership costs in the area are relatively accessible, and the renter-occupied share is smaller than in urban submarkets. That combination implies a steady but finite renter pool where pricing power is earned through quality, convenience, and management execution. Rent-to-income dynamics suggest limited affordability pressure, aiding retention, while the competitive local amenity ranking underscores daily needs met locally or via short drives.
- High neighborhood occupancy supports leasing stability and renewal performance.
- 1976 vintage offers practical value-add via interior and systems modernization.
- Renter affordability appears manageable, aiding tenant retention and collections consistency.
- Proximity to regional employers provides a diversified workforce tenant base.
- Risks: smaller renter base in a rural market and competition from attainable ownership options.