| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 23rd | Poor |
| Demographics | 30th | Poor |
| Amenities | 44th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 75 Sturges Ave, Mansfield, OH, 44902, US |
| Region / Metro | Mansfield |
| Year of Construction | 1973 |
| Units | 24 |
| Transaction Date | 1997-05-08 |
| Transaction Price | $400,000 |
| Buyer | GREAT LAND REAL ESTATE INVESTMENTS LLX |
| Seller | STIMENS KURT |
75 Sturges Ave, Mansfield OH Multifamily Investment
Neighborhood data points to an established renter base with strong daily-needs access, according to WDSuite’s CRE market data, supporting stable demand for well-managed workforce units.
This Inner Suburb neighborhood in Mansfield offers convenient daily-needs coverage for residents. Grocery and cafe density rank first among 54 metro neighborhoods and sit in the top decile nationally, which can support leasing velocity and day-to-day livability for tenants. While parks and pharmacies are sparse locally, core retail and food options are within easy reach, a practical advantage for workforce housing.
Renter concentration is above the metro median (ranked 8 of 54; high national percentile), indicating depth in renter-occupied housing units and a broader tenant pool for multifamily operators. Median contract rents in the neighborhood are on the lower end nationally, which can aid retention but may cap near-term pricing power without targeted upgrades and service differentiation.
Neighborhood occupancy has trailed both metro and national norms in recent years, signaling potential lease-up and renewal risk; experienced operators may emphasize asset-level management, marketing, and value-add improvements to sustain occupancy. In contrast, the property’s 1973 vintage is newer than the neighborhood’s older housing stock profile, suggesting competitive positioning versus prewar buildings while still presenting typical mid-20th-century system and interior update needs for a focused renovation plan.
Within a 3-mile radius, population and household counts have grown and are projected to continue expanding through 2028, pointing to a gradually larger tenant base. Household sizes are trending smaller, which often supports steady demand for smaller unit formats. As ownership costs in this area remain comparatively accessible, multifamily assets may face some competition from entry-level ownership; however, a balanced renter/owner mix near 50/50 today indicates resilient renter demand when product is well-priced and maintained, based on commercial real estate analysis from WDSuite.
Neighborhood-level crime metrics for this location are not available in WDSuite at this time. Investors typically benchmark safety using citywide trend reports, police department releases, and property manager insights to understand block-by-block dynamics and any recent changes.
Regional employers provide diversified job nodes within commuting range that can support renter demand and retention, including manufacturing and consumer goods offices listed below.
- International Paper Company — manufacturing (31.7 miles)
- J.M. Smucker — consumer goods (40.4 miles) — HQ
75 Sturges Ave offers a 1973-vintage, 24-unit footprint positioned in a neighborhood with strong daily-needs access and an above-median renter concentration across the Mansfield metro. The older surrounding housing stock enhances relative competitiveness for a well-maintained 1970s asset, while interior refreshes and system updates can unlock value-add potential and support rent lift. According to CRE market data from WDSuite, local occupancy has been softer than metro norms, so performance is likely to hinge on hands-on management, targeted renovations, and disciplined leasing.
Within a 3-mile radius, population and household growth, along with smaller average household sizes, point to a gradually expanding renter pool. Lower absolute rent levels support retention but may temper near-term pricing power unless paired with renovations. Ownership remains relatively accessible in this market, which can create competition; however, a balanced renter/owner mix and strong access to groceries and cafes provide practical fundamentals for workforce housing strategies.
- Relative advantage versus older neighborhood stock; 1973 vintage supports competitive positioning with targeted updates
- Strong daily-needs access (top-ranked grocery and cafe density in metro) supports leasing and tenant retention
- Expanding 3-mile population and households suggest a larger tenant base over the medium term
- Lower absolute rents can bolster retention; value-add scope needed to drive outsized rent growth
- Risks: neighborhood occupancy softness, potential competition from ownership options, and limited park/pharmacy access