| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 50th | Best |
| Demographics | 55th | Good |
| Amenities | 54th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 3560 Park Ave W, Ontario, OH, 44906, US |
| Region / Metro | Ontario |
| Year of Construction | 2007 |
| Units | 28 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
3560 Park Ave W, Ontario OH — 2007 Multifamily
Neighborhood occupancy runs near the high end of national norms, supporting income stability for a 28-unit asset, according to WDSuite s CRE market data. Newer construction relative to local stock adds competitive positioning without the heavier capex profile common to older properties.
3560 Park Ave W sits in an A+ rated neighborhood within the Mansfield, OH metro, ranked 1 out of 54 neighborhoods. Occupancy in the neighborhood is 98.1%, placing it around the 90th percentile nationally, which signals durable renter demand and supports steady renewals for stabilized multifamily.
Daily convenience is solid for a rural setting, with restaurants and groceries performing competitively among Mansfield neighborhoods (both ranks inside the top 40% of 54). School quality stands out locally (ranked 1 of 54, roughly top quartile nationally), which can aid family renter retention. Cafes and parks trend above national midpoints as well, adding livability without relying on urban density.
Within a 3-mile radius, demographics show a mixed near-term picture with recent population softness but forecasts pointing to population and household growth by 2028, expanding the potential renter pool if realized. The share of housing units that are renter-occupied is relatively modest in the immediate 3-mile area (around one-fifth), and the neighborhood s own renter concentration is also on the lower side; for investors, that typically means a stable but thinner tenant base and the need for targeted leasing to sustain velocity.
The property s 2007 vintage is newer than the neighborhood s average construction year of 1993. For investors, this usually translates to a more favorable near-term capital plan and competitive positioning versus older product, while still planning for system updates and potential light value-add to match renter expectations. Home values in the area are lower relative to many national markets, which can create some competition from ownership; however, median rents remain accessible, and WDSuite s commercial real estate analysis indicates neighborhood occupancy has stayed resilient.
Safety indicators are comparatively favorable. Violent offense measures score around the 95th percentile nationally (safer than most neighborhoods), and property offense measures are near the 90th percentile nationwide. Recent data show a year-over-year uptick in property offenses locally, so investors should monitor trendlines and incorporate routine security and lighting reviews into operating plans.
Regional employers contribute to a diversified workforce base that supports commuting demand for rentals. The following employer represents a notable presence within regional driving distance.
- International Paper Company corporate offices (37.9 miles)
This 28-unit asset benefits from neighborhood occupancy of 98.1% and strong local school ratings, providing a backdrop for income stability and family-oriented renter retention. Based on CRE market data from WDSuite, the surrounding area s livability metrics are competitive for the Mansfield metro, while the 2007 construction vintage offers a newer alternative to much of the local stock built around the early 1990s.
Investor considerations include a relatively modest renter-occupied share within 3 miles, which calls for precise leasing and tenant retention strategies, and a recent uptick in property offenses to monitor. Even so, forward-looking demographics within 3 miles suggest potential renter pool expansion by 2028, and accessible rent levels help sustain occupancy for well-managed assets.
- High neighborhood occupancy (~98%) supports stable cash flow
- 2007 vintage reduces near-term capex versus older local stock
- Strong local schools and everyday amenities aid retention
- Directional 3-mile growth forecasts point to a larger tenant base over the medium term
- Risks: thinner renter concentration locally and a recent rise in property offenses warrant active leasing and security oversight