| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 41st | Good |
| Demographics | 31st | Poor |
| Amenities | 10th | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 885 Woodville Rd, Mansfield, OH, 44907, US |
| Region / Metro | Mansfield |
| Year of Construction | 1973 |
| Units | 24 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
885 Woodville Rd Mansfield 24-Unit Multifamily Investment
Neighborhood occupancy is elevated and has strengthened in recent years, supporting stable renter demand according to WDSuite’s CRE market data. This asset’s smaller-format units position it toward cost-conscious tenants in a market where rents remain comparatively accessible.
Located in Mansfield’s inner-suburb fabric, the property sits in a neighborhood with competitive occupancy among 54 Mansfield, OH neighborhoods and an above-median renter concentration (about half of housing units are renter-occupied). For investors, that translates into a deeper tenant base and potential retention stability, even as pricing decisions should remain disciplined.
Rents in the immediate neighborhood trend on the lower end nationally, while neighborhood occupancy is strong. This combination supports lease-up and renewal prospects but may temper near-term pricing power. Median home values in the area are also lower versus national norms, which can introduce some competition from entry-level ownership; however, it also sustains reliance on multifamily for households prioritizing more accessible monthly housing costs.
Amenity coverage is mixed: grocery access is above the Mansfield metro median, while cafes, parks, and pharmacies are limited within neighborhood boundaries. Average school ratings track below national norms, which is an underwriting consideration for family-oriented demand profiles. The average unit size here is modest, indicating smaller-format apartments that can align with singles or downsizing renters less sensitive to school quality.
Demographic statistics aggregated within a 3-mile radius indicate recent population growth and an increase in households, with forecasts pointing to continued household expansion over the next five years. A larger nearby renter pool typically supports occupancy stability and provides a wider funnel for leasing, particularly for value-oriented product.
Comparable neighborhood-level safety metrics are not available in the current WDSuite release for this location. Investors should complement this analysis with city and county public safety resources and on-the-ground diligence to understand recent trends and how they compare to the broader Mansfield area.
Regional employers with commute-friendly access help support workforce housing demand, notably International Paper and J.M. Smucker. These anchors expand the employment base that feeds renter demand, even if they are not in the immediate neighborhood.
- International Paper Company — corporate offices (30.9 miles)
- J.M. Smucker — corporate offices (39.7 miles) — HQ
885 Woodville Rd offers 24 units in a 1973 vintage asset, positioning it for practical value-add strategies and targeted capital planning. Neighborhood indicators show strong occupancy with a sizable share of renter-occupied housing, supporting tenant demand and renewal potential. According to CRE market data from WDSuite, local rents remain comparatively accessible versus national levels, which can aid leasing velocity while calling for prudent rent growth assumptions.
Demographics aggregated within a 3-mile radius show recent population growth and rising household counts, with forecasts indicating additional household expansion that can broaden the renter pool. Amenity access is mixed—grocery is convenient while other retail and park access are thinner—and local school ratings are below national averages, factors to weigh when targeting unit finishes, marketing, and leasing strategy.
- Established 1973 vintage with value-add and systems-upgrade potential
- Competitive neighborhood occupancy and sizable renter concentration support demand
- Accessible rent positioning aids lease-up and renewal prospects
- 3-mile radius shows population and household growth, expanding the renter pool
- Risks: limited nearby amenities, lower school ratings, and potential competition from entry-level ownership