| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 48th | Best |
| Demographics | 52nd | Good |
| Amenities | 56th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 800 Logan Rd, Mansfield, OH, 44907, US |
| Region / Metro | Mansfield |
| Year of Construction | 1980 |
| Units | 46 |
| Transaction Date | 2012-12-18 |
| Transaction Price | $628,350 |
| Buyer | NEW LOGAN PLACE LTD |
| Seller | LOGAN PLACE LTD |
800 Logan Rd, Mansfield OH Multifamily Investment
Neighborhood fundamentals suggest steady renter demand supported by moderate renter concentration and everyday amenities, according to WDSuite’s CRE market data. Investors can underwrite to occupancy stability driven by a manageable rent-to-income profile in the surrounding area.
The property sits in an Inner Suburb pocket of Mansfield rated A+ and ranked 2 out of 54 neighborhoods — competitive among Mansfield neighborhoods based on WDSuite’s market view. Local convenience is a practical draw: grocery and pharmacy access ranks near the front of the metro pack (ranks 4 and 6 of 54), with park access also competitive (rank 5 of 54). Childcare options are comparatively limited within the neighborhood (rank 54 of 54), which is worth factoring into resident profile and marketing strategy.
Neighborhood occupancy is roughly in line with national norms, and rent levels benchmark lower versus the U.S. median, supporting retention and leasing velocity rather than peak pricing. The rent-to-income relationship trends favorable for lease management, which can help mitigate turnover risk through sensible renewal strategies.
Tenure patterns point to a moderate renter-occupied share (about one-third of housing units), indicating a diversified base of both renters and owners. For multifamily operators, this usually translates to a stable but not saturated pool of prospective tenants and the potential to maintain occupancy through standard leasing seasons.
Within a 3-mile radius, demographics show recent stability with a modest increase in households and a slight decrease in average household size — dynamics that typically expand the renter pool over time. Forward-looking projections indicate additional household growth, which can support absorption and occupancy continuity for well-managed assets.
Home values in the neighborhood trend lower relative to national benchmarks, creating a lower-cost ownership market. For multifamily, that can introduce some competition from entry-level ownership; however, it also positions professionally managed rentals as accessible options that can sustain renter reliance and steady lease-up among households prioritizing convenience and flexibility.
Comparable neighborhood safety metrics are not available in WDSuite for this location. Investors should benchmark current conditions against Mansfield and Richland County trends and incorporate on-the-ground diligence (police blotters, property manager feedback, and insurer guidance) to assess security-related capex and operating practices.
Regional employers provide a diversified job base within commuting range, supporting workforce housing demand and resident retention for stabilized multifamily assets. Notable nearby corporate offices include International Paper Company and J.M. Smucker.
- International Paper Company — paper & packaging (32.9 miles)
- J.M. Smucker — consumer packaged goods (41.7 miles) — HQ
Built in 1980, the 46-unit asset offers value-add potential relative to the neighborhood’s newer average vintage, with scope to modernize interiors and systems to strengthen competitive positioning. Neighborhood occupancy and rent levels align more with attainability than peak pricing, which, based on CRE market data from WDSuite, can support stable leasing and renewal performance when paired with pragmatic rent steps and resident services.
Local dynamics point to steady renter demand: within a 3-mile radius, households have been increasing and are projected to expand further while average household size trends lower — conditions that typically broaden the renter base and support occupancy continuity. Amenity access (groceries, pharmacies, parks) is competitive in the Mansfield metro, though limited childcare options and a lower-cost ownership landscape suggest attention to marketing, unit mix, and renewal strategies to defend retention.
- 1980 vintage presents clear value-add and systems modernization opportunities versus newer neighborhood stock.
- Attainable rents and a favorable rent-to-income relationship support renewal strategies and occupancy stability.
- 3-mile household growth and smaller household sizes expand the renter pool, aiding absorption.
- Competitive access to groceries, pharmacies, and parks supports livability and leasing velocity.
- Risks: competition from lower-cost ownership, limited childcare options, and capex needs tied to older vintage.