| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 23rd | Poor |
| Demographics | 30th | Poor |
| Amenities | 44th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 300 Wood St, Mansfield, OH, 44903, US |
| Region / Metro | Mansfield |
| Year of Construction | 1974 |
| Units | 85 |
| Transaction Date | 2021-01-19 |
| Transaction Price | $2,675,500 |
| Buyer | WOOD CLIFF MANOR LLC |
| Seller | BETTY J HARING TRUST |
300 Wood St, Mansfield OH Multifamily Investment
Renter demand is supported by a top-quartile renter-occupied share among 54 Mansfield metro neighborhoods, pointing to a deeper tenant base for stabilization, according to WDSuite’s CRE market data.
This Inner Suburb location offers everyday convenience for residents, with strong cafe and grocery density competitive among Mansfield neighborhoods and solid compared to national norms. Limited nearby parks, pharmacies, and childcare options suggest day-to-day needs are well covered, while lifestyle and family amenities may be thinner, an operational consideration for tenant retention.
Neighborhood occupancy (area-wide, not the property) trends lower versus national norms, so underwriting should emphasize resident retention and leasing execution. Offsetting this, the share of renter-occupied housing sits in the top quartile among 54 Mansfield metro neighborhoods, indicating a deeper pool of renters and potential stability in multifamily demand.
Within a 3-mile radius, recent population growth and an increase in households point to a gradually expanding renter pool; projections also call for further population gains and smaller average household size, which typically supports multifamily absorption. Use of multifamily property research to segment by unit type and price point can help align with this evolving household mix.
Home values in the area are comparatively low for the region, which can create some competition from ownership alternatives. For investors, that implies a focus on value positioning and resident experience to sustain pricing and lease-up velocity. Median rents and rent-to-income ratios suggest manageable affordability pressure, offering room for measured rent growth alongside service and finish improvements.
The property’s 1974 vintage is newer than much of the surrounding housing stock (which skews earlier), providing a relative competitive edge versus older buildings. Still, capital planning should account for aging systems and targeted modernization that can drive rent premiums without overcapitalizing.
Comparable neighborhood-level safety data is limited in this release, so precise rankings are not available. Investors often benchmark reported trends against Mansfield metro averages and national quartiles to contextualize risk and to set realistic leasing and security assumptions.
Prudent practices include reviewing multi-year, metro-consistent sources, evaluating property-level incident logs, and aligning lighting, access control, and staffing strategies with peer assets. This helps maintain resident confidence and supports occupancy stability without overreliance on point-in-time figures.
Regional employers within commuting distance can reinforce workforce renter demand and renewal propensity. Notable nearby employers include International Paper and The J.M. Smucker Company.
- International Paper Company — paper & packaging (32.0 miles)
- J.M. Smucker — branded foods (40.7 miles) — HQ
300 Wood St is an 85-unit, mid-1970s asset positioned in a renter-heavy pocket of Mansfield. The neighborhood’s renter-occupied share ranks in the top quartile among 54 metro neighborhoods, supporting depth of demand, while area-wide occupancy (neighborhood, not the property) runs softer, making resident retention and leasing execution key. Within a 3-mile radius, population growth and a rising household count point to renter pool expansion that can underpin steady absorption. According to CRE market data from WDSuite, amenity access is favorable for daily needs, with particularly strong grocery and cafe density, while lifestyle amenities are thinner—guiding where value-add upgrades and services can differentiate.
Built in 1974, the asset should be competitive versus older local stock, yet investors should plan for system updates and selective renovations to capture rent premiums. Ownership remains relatively accessible in this market, so positioning on value and resident experience will be important to sustain pricing power and lease retention.
- Renter-occupied concentration in the top quartile locally supports a deeper tenant base and leasing stability.
- 3-mile population and household growth indicate ongoing renter pool expansion and absorption potential.
- 1974 vintage offers competitive positioning versus older stock with value-add upside via targeted modernization.
- Daily-needs amenities are strong nearby, supporting resident convenience and retention.
- Risks: softer neighborhood occupancy, accessible ownership alternatives, and capex for aging systems necessitate disciplined operations.