| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 46th | Good |
| Demographics | 48th | Poor |
| Amenities | 30th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 210 Selhorst Dr, Ottawa, OH, 45875, US |
| Region / Metro | Ottawa |
| Year of Construction | 1998 |
| Units | 38 |
| Transaction Date | 2020-12-22 |
| Transaction Price | $434,700 |
| Buyer | OTTAWA RETIREMENT VILLAGE LC |
| Seller | OTTAWA RETIREMENT LP |
210 Selhorst Dr, Ottawa, OH Multifamily Investment
Neighborhood occupancy is 97.9%, supporting stable renter demand and predictable cash flow potential for a 38-unit asset, according to WDSuite’s CRE market data.
Ottawa’s submarket context is rural with a B+ neighborhood rating. At rank 7 out of 23 neighborhoods in Putnam County, the location is competitive among Putnam County neighborhoods while maintaining a quiet, low-density profile that often appeals to workforce renters seeking value and stability.
For multifamily operations, the neighborhood occupancy rate of 97.9% indicates tight local housing availability, a supportive backdrop for maintaining leased units. Renter-occupied housing accounts for 27.4% of units in the neighborhood, signaling a smaller but durable renter base; investors should plan marketing and leasing strategies that capture this demand efficiently and focus on retention.
Home values in the area are moderate relative to many U.S. markets, and rent-to-income metrics are favorable (rent-to-income ratio ranks high nationally), which can support lease retention and measured rent growth strategies without overextending affordability. Median contract rents in the neighborhood skew lower versus national norms, which can translate to consistent leasing velocity for value-oriented product and prudent pricing power management.
Amenities are limited within the immediate neighborhood (reflecting its rural character), though basic services such as pharmacies are present. Fewer cafes, parks, and grocery options reinforce a car-oriented lifestyle; from an investment standpoint, this places a premium on on-site features, convenient parking, and reliable property maintenance to sustain tenant satisfaction.
Comparable crime statistics were not available in WDSuite for this neighborhood. Investors typically contextualize safety by reviewing multi-year trends from local law enforcement and county sources, and by comparing neighborhood-level data to broader county and state trends to understand relative conditions and any directional changes over time.
The resident employment base is supported by regional energy, packaging, and auto-parts employers within commuting range, which can underpin renter demand and lease stability for workforce housing.
- Marathon Petroleum — energy (19.6 miles) — HQ
- Owens-Illinois — packaging & containers (39.9 miles) — HQ
- Dana — auto parts (41.2 miles)
- Dana Holding — auto parts (41.2 miles) — HQ
Built in 1998, the property is newer than the neighborhood’s average vintage, positioning it competitively versus older stock while still leaving room for targeted modernization to enhance renter appeal. Tight neighborhood occupancy (97.9%) and moderate home values create a market where value-oriented units can maintain leasing momentum and retention, based on CRE market data from WDSuite.
With a renter-occupied share of 27.4%, the tenant base is smaller but steady, favoring well-managed marketing funnels, resident services, and cost-effective turns. Limited nearby amenities suggest on-site functionality and maintenance are important differentiators. Overall, the asset fits a steady, operations-focused strategy with measured upside from interior and systems updates.
- 1998 vintage offers relative competitiveness versus older local stock with selective value-add potential
- Tight neighborhood occupancy supports leasing stability and predictable operations
- Favorable rent-to-income dynamics support retention and prudent pricing power
- Regional employers within commuting range underpin workforce renter demand
- Risk: limited amenity base and smaller renter concentration require strong on-site appeal and efficient leasing