| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 23rd | Poor |
| Demographics | 30th | Poor |
| Amenities | 44th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 10 Blymyer Ave, Mansfield, OH, 44903, US |
| Region / Metro | Mansfield |
| Year of Construction | 1974 |
| Units | 86 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
10 Blymyer Ave Mansfield Multifamily Investment
Positioned in an Inner Suburb pocket with solid everyday amenities and a meaningful renter base, this 86-unit 1974 asset offers value-add potential and durable demand drivers, according to WDSuite’s CRE market data.
Located in Mansfield, the neighborhood is rated B and classified as an Inner Suburb, with everyday conveniences that support renter retention. Grocery access ranks 1st out of 54 Mansfield neighborhoods and sits in the 94th percentile nationally, while cafes also rank 1st out of 54 and are in the 91st percentile. By contrast, parks, childcare, and pharmacies are limited locally, which may modestly shift lifestyle demand toward nearby districts for those services.
The existing housing stock skews older (average vintage 1938 across the neighborhood), making the property’s 1974 construction comparatively newer than much of the immediate supply. For investors, that positioning can reduce early-life system obsolescence versus pre-war stock, while still leaving room for targeted renovations to modernize interiors and common areas as part of a value-add plan.
Renter-occupied housing accounts for a substantial share of neighborhood units (ranked 8th of 54 Mansfield neighborhoods and in a high national percentile), indicating a meaningful tenant base for multifamily leasing. Neighborhood occupancy tracks below regional peers (ranked 54th of 54), so leasing execution and asset quality will matter for stabilization; the strong amenity access and competitive positioning against older product can help mitigate this.
Within a 3-mile radius, WDSuite indicates population and households have grown in recent years, with projections calling for further household increases alongside slightly smaller average household size. That dynamic typically expands the renter pool and supports occupancy stability. Home values in the neighborhood are on the lower end for the region, which can introduce some competition from entry-level ownership; even so, measured rent levels and a moderate rent-to-income profile suggest scope for disciplined pricing while prioritizing lease retention.
Neighborhood-level safety metrics for this area were not available in WDSuite’s dataset at the time of analysis. Investors commonly benchmark property performance against broader Mansfield trends and on-the-ground observations to understand directionality and management needs. Absent a current rank among the 54 metro neighborhoods or national percentile, risk assessment should weigh property operations, visibility, lighting, and tenant mix alongside local policing and community engagement indicators.
Regional employers support a stable renter base through commuting ties, including manufacturing and consumer goods offices noted below. These anchors can contribute to steady leasing and retention for workforce-oriented housing.
- International Paper Company — manufacturing (31.8 miles)
- J.M. Smucker — consumer packaged goods (40.5 miles) — HQ
10 Blymyer Ave is an 86-unit multifamily asset built in 1974, positioned newer than much of the neighborhood’s older housing stock. That relative vintage, combined with strong grocery and cafe access, supports competitive leasing versus nearby pre-war options and creates a practical platform for a value-add program focused on interior updates and common-area modernization. According to commercial real estate analysis from WDSuite, the neighborhood’s renter concentration is comparatively high, providing depth to the tenant base even as overall occupancy runs below metro peers.
Demographic data aggregated within a 3-mile radius shows recent population and household growth, with forecasts indicating additional household expansion and smaller household sizes over the next five years—trends that generally enlarge the renter pool. While lower local home values may add some ownership competition, measured rents and a moderate rent-to-income profile can support lease management that prioritizes retention and steady collections.
- 1974 vintage newer than neighborhood average, enabling targeted renovations and competitive positioning versus older stock
- Strong everyday amenities (top-ranked grocery and cafes in Mansfield) support leasing and resident convenience
- 3-mile radius shows population and household growth, pointing to a larger renter pool and support for occupancy stability
- Measured rent levels and moderate rent-to-income profile aid pricing discipline and retention
- Risk: neighborhood occupancy ranks last among 54 Mansfield neighborhoods, making leasing execution and asset quality critical