| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 41st | Good |
| Demographics | 31st | Poor |
| Amenities | 10th | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 961 S Main St, Mansfield, OH, 44907, US |
| Region / Metro | Mansfield |
| Year of Construction | 1990 |
| Units | 22 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
961 S Main St Mansfield 22-Unit Multifamily
Neighborhood multifamily occupancy is high and stable, supporting steady cash flow potential, according to WDSuite s CRE market data; note this occupancy refers to the surrounding neighborhood, not the property.
This Inner Suburb location in Mansfield balances workforce demand with attainable rents. Neighborhood occupancy is strong and above national norms, and the area shows a higher renter concentration (about half of housing units are renter-occupied), indicating a deeper tenant base for small and mid-sized multifamily.
Relative to the Mansfield metro (54 neighborhoods), the area is above the metro median for occupancy and is competitive on grocery access (ranked 14 of 54), but has limited lifestyle amenities such as cafes, restaurants, parks, childcare, and pharmacies. For investors, this mix points to steady day-to-day demand with fewer amenity-driven premiums, making leasing more value-oriented than lifestyle-led.
Rents in the neighborhood sit on the lower end versus national markets (around the bottom quintile by percentile), and the rent-to-income ratio trends around the 0.18 range, helping manage affordability pressure and aiding retention. Local NOI per unit trends below the national median, which aligns with the value positioning but may limit near-term pricing power relative to higher-cost metros.
Property vintage matters here: the submarket s average construction year skews older (early 1970s), while 961 S Main St was built in 1990. Newer relative stock can support competitive positioning versus nearby 1960s 70s assets, though investors should plan for system updates typical of 1990s buildings to sustain performance.
Demographic statistics aggregated within a 3-mile radius show modest population growth over the last five years and an increase in household counts alongside a gradual reduction in average household size. This combination typically expands the renter pool and supports occupancy stability for well-maintained, value-focused communities.
Neighborhood-level crime metrics are not available in WDSuite for this location at this time. Investors commonly benchmark safety using city and metro trend data and on-site observations to evaluate tenant retention and operating practices. Use consistent, comparative reviews over time to assess whether conditions are stable, improving, or require enhanced management protocols.
Regional employment anchors within commuting reach support workforce housing demand for Mansfield assets, with proximity to manufacturing and consumer goods offices helping leasing stability.
- International Paper Company — manufacturing & packaging (31.4 miles)
- J.M. Smucker — consumer packaged goods (40.2 miles) — HQ
961 S Main St offers a 22-unit footprint with average unit sizes around 770 sq. ft., positioned in a neighborhood where occupancy trends are strong and renter concentration is elevated. The asset s 1990 construction is newer than much of the surrounding housing stock, which can enhance competitive standing versus older properties while still warranting targeted capital plans for systems modernization and light value-add.
Rents in the area remain comparatively low, aiding retention and keeping affordability pressure manageable; meanwhile, 3-mile demographics point to population growth and a notable increase in households, supporting a larger tenant base over time. According to CRE market data from WDSuite, the neighborhood s occupancy performance sits above national norms, suggesting stable leasing fundamentals even without extensive amenity premiums.
- Above-average neighborhood occupancy supports steady leasing and cash flow stability.
- 1990 vintage is newer than much of the area s stock, offering competitive positioning with targeted modernization.
- Value-oriented rent levels and a growing 3-mile household base deepen the tenant pool and aid retention.
- Neighborhood NOI per unit trends below national medians, so rent growth may trail higher-cost markets.
- Limited nearby lifestyle amenities and lower school ratings may cap premium pricing and require value-led leasing strategy.