| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 48th | Best |
| Demographics | 52nd | Good |
| Amenities | 56th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1296 S Trimble Rd, Mansfield, OH, 44906, US |
| Region / Metro | Mansfield |
| Year of Construction | 2000 |
| Units | 40 |
| Transaction Date | 1999-03-05 |
| Transaction Price | $500,000 |
| Buyer | TRIAD SENIOR LIVING III LP |
| Seller | BRODY STANLEY L |
1296 S Trimble Rd: Newer-Vintage Mansfield Multifamily
Neighborhood occupancy sits around the metro midpoint, supporting steady leasing conditions; according to WDSuite’s CRE market data, a moderate renter concentration indicates a stable tenant base without overreliance on transient demand.
Located in an Inner Suburb pocket of Mansfield, the property benefits from everyday conveniences that support renter retention. Grocery and pharmacy access rank competitive among Mansfield neighborhoods (out of 54) and land the area around the middle of neighborhoods nationally, while parks and a small roster of cafes add basic lifestyle amenities without premium pricing pressures.
Rents in the neighborhood trend on the lower side relative to many U.S. areas, and the rent-to-income ratio sits near the national middle, which can ease affordability pressure and support lease renewal rates. Compared with the metro, the neighborhood s occupancy is around the median, pointing to stable—but not overheated—demand dynamics that can underpin consistent operations.
Built in 2000, the asset is newer than the neighborhood s average vintage of the early 1990s. That positioning can improve competitive standing versus older stock, while still warranting capital planning for aging systems and selective modernization to meet contemporary renter expectations.
Within a 3-mile radius, recent population trends have been flat to slightly negative, but forecasts point to growth in both population and total households over the next five years. Projected household gains alongside shrinking average household size suggest a larger pool of smaller households, which can support multifamily demand and occupancy stability. The neighborhood s share of housing units that are renter-occupied is in the mid range locally, signaling sufficient depth for leasing without excessive turnover risk.
Home values in the area are modest relative to many U.S. markets. In practice, this can introduce some competition from entry-level ownership, but it also supports a steady renter segment that values more accessible rental options, aiding retention and measured pricing power rather than sharp swings.
Comparable, neighborhood-level safety metrics are not available in WDSuite for this location. Investors should evaluate recent city and metro trends alongside property-level measures (lighting, access control, and management practices) and review any available local reports to contextualize risk relative to broader Mansfield benchmarks.
Regional employment is anchored by manufacturing and consumer packaged goods firms within commuting distance, which can support a steady renter base for workforce-oriented housing.
- International Paper Company paper & packaging (33.2 miles)
- J.M. Smucker consumer packaged goods (42.0 miles) HQ
This 40-unit, 2000-vintage asset offers a practical entry point into Mansfield s Inner Suburb fundamentals. Neighborhood occupancy trends sit near the metro median, indicating dependable demand without aggressive volatility. Based on CRE market data from WDSuite, the area s rent-to-income profile is balanced, which can support renewal rates and disciplined rent growth management. Newer-than-average vintage versus local stock provides a competitive edge, with targeted upgrades likely to enhance positioning.
Within a 3-mile radius, forecasts indicate population growth and a notable increase in households alongside smaller household sizes signals that expand the renter pool and can support stable absorption. Ownership costs are comparatively modest for the region, which may create some competition with entry-level ownership; however, it also sustains a meaningful renter segment that values accessible monthly costs and convenience-driven amenities.
- Newer 2000 vintage vs. local average, with selective modernization potential for added yield.
- Neighborhood occupancy around the metro midpoint supports steady leasing, per WDSuite data.
- Forecast renter pool expansion within 3 miles as households grow and average household size declines.
- Balanced rent-to-income dynamics underpin retention and measured pricing power.
- Risks: historical population softness and competition from entry-level ownership require disciplined leasing and upgrade strategy.