| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 35th | Fair |
| Demographics | 46th | Good |
| Amenities | 0th | Poor |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 470 Annadale Ave, Mansfield, OH, 44905, US |
| Region / Metro | Mansfield |
| Year of Construction | 1997 |
| Units | 24 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
470 Annadale Ave, Mansfield OH Multifamily Investment
Positioned in a rural Mansfield submarket with steady neighborhood occupancy near the national midpoint, the asset offers durable renter demand at attainable price points, according to WDSuite’s CRE market data.
The property’s 1997 vintage is newer than the neighborhood’s average 1970 construction year, suggesting relative competitiveness versus older local stock. Investors should still plan for selective modernization and systems updates typical for late-1990s buildings, which can support value-add strategy without the scope of a full repositioning.
Neighborhood data indicates occupancy is around the national midpoint with modest softening in recent years, which points to stable but price-sensitive leasing conditions. Renter-occupied share at the neighborhood level is above the national median, implying a workable tenant base for small multifamily assets. Within a 3-mile radius, demographics show population growth and a meaningful increase in households, expanding the local renter pool and supporting occupancy stability for compact units.
Home values in the neighborhood are lower than many U.S. areas, and rent-to-income ratios trend favorable. For investors, this combination typically translates into balanced retention and manageable affordability pressure, while recognizing that more accessible ownership options can create some competitive tension with multifamily. Average school ratings are above the national midpoint, which can aid leasing to households seeking value-oriented locations.
Local amenities are limited within this rural setting, with few cafes, groceries, parks, or restaurants in immediate proximity. This dynamic places more weight on in-unit functionality and property management quality to drive retention, while also supporting a workforce housing narrative for residents who prioritize attainable rents and straightforward commutes over amenity density, based on commercial real estate analysis from WDSuite.
Safety indicators for the neighborhood sit near the national midpoint overall, per WDSuite. Within the Mansfield metro, the neighborhood ranks 12 out of 54 on crime, which signals comparatively higher incident levels locally even if broader measures are not far from national averages.
For underwriting, investors often respond by emphasizing lighting, access controls, and clear tenant policies, and by aligning rent positioning with the submarket’s value orientation. Monitoring recent trendlines and engaging with local property management practices can help maintain leasing performance without overreaching on premiums.
Regional employers within commuting range help underpin renter demand for workforce housing, with industrial and consumer goods anchors accessible by highway. The list below highlights nearby corporate offices relevant to tenant employment patterns.
- International Paper Company — packaging & paper (30.2 miles)
- J.M. Smucker — consumer packaged goods (38.8 miles) — HQ
This 24-unit asset (1997) provides exposure to a rural Mansfield location where neighborhood occupancy trends are around the national midpoint and renter concentration supports a stable, value-oriented tenant base. The property’s newer vintage versus the area’s older housing stock positions it competitively, while still leaving room for targeted renovations to enhance yield and retention. According to CRE market data from WDSuite, household counts within a 3-mile radius are rising, expanding the local renter pool and supporting steady leasing for compact units.
Ownership costs in the area remain relatively accessible compared to many U.S. markets, which can moderate pricing power but also sustain long-term demand for well-managed, attainable rentals. Limited nearby amenities mean performance relies more on operational execution, in-unit livability, and consistent value delivery rather than lifestyle-driven premiums.
- Newer 1997 vintage versus neighborhood average, supporting competitive positioning with selective value-add upside
- Neighborhood occupancy near national midpoint with renter concentration that supports a workable tenant base
- 3-mile radius shows population and household growth, reinforcing leasing stability and demand for compact units
- Attainable rent-to-income dynamics support retention while recognizing limited pricing power
- Risks: locally higher crime ranks within the metro and sparse amenities place more weight on operations and asset quality