| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 52nd | Best |
| Demographics | 61st | Best |
| Amenities | 19th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 65 Park Vlg, Shelby, OH, 44875, US |
| Region / Metro | Shelby |
| Year of Construction | 1976 |
| Units | 48 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
65 Park Vlg, Shelby OH Multifamily Opportunity
Neighborhood occupancy is exceptionally tight and local rents trend manageable relative to incomes, supporting steady renter demand, according to WDSuite’s CRE market data. For investors, this points to durable leasing fundamentals with room to compete on value rather than concessions.
The property sits in a Rural neighborhood of Mansfield, OH that scores an A neighborhood rating and ranks 6 out of 54 metro neighborhoods — top quartile in Mansfield. For multifamily investors, that combination of small-scale setting and competitive local standing can translate into stable tenant preferences and lower turnover relative to weaker submarkets.
Amenity density is limited — cafes, groceries, and parks are sparse — though pharmacy access is comparatively better versus many U.S. neighborhoods (around the 70th percentile nationally). Day-to-day convenience may rely more on nearby services and driving, which puts a premium on on-site functionality, parking, and practical unit features over lifestyle retail.
On housing dynamics, neighborhood occupancy is reported at 100% (ranked 1 of 54 locally), indicating extremely tight conditions at the neighborhood level rather than the property specifically. The share of renter-occupied housing in the neighborhood is modest, and within a 3-mile radius renters account for roughly one-third of occupied units — a base that supports demand for well-managed workforce apartments while still competing with ownership options.
Within a 3-mile radius, recent data shows a slight population slip alongside fewer households, but projections point to population growth and a notable increase in households by 2028, which would enlarge the local renter pool. Median home values sit in a mid-range context for the region, and with a favorable rent-to-income profile (high percentile nationally), operators can prioritize retention and measured rent optimization over aggressive lease-up tactics, based on commercial real estate analysis from WDSuite.
Safety indicators compare favorably at a national level: property-related offenses track in the top decile for safety nationwide, and violent-offense measures are also well above national norms. These are neighborhood-level readings, not property-specific. Recent year-over-year trends show some volatility in violent-offense metrics, so prudent operators may budget for ongoing monitoring and standard security best practices.
Relative to the Mansfield metro, the neighborhood’s positioning suggests competitive safety performance without implying block-level conditions. Investors should assess on-site factors (lighting, access control, visibility) during diligence to align with resident expectations and lease retention goals.
Regional employment is diversified beyond the immediate neighborhood, with commute-accessible industrial and corporate roles that can support workforce housing demand. Notable nearby employer:
- International Paper Company — paper & packaging (38.1 miles)
65 Park Vlg offers investors exposure to a tight-occupancy neighborhood with a renter base that values practical housing at manageable rent levels. Constructed in 1976, the asset is slightly older than the area’s average vintage, creating potential for targeted value-add and systems modernization to sharpen competitive positioning versus comparable stock. According to CRE market data from WDSuite, neighborhood occupancy remains exceptionally tight while rent-to-income positioning is favorable, supporting retention and measured pricing power.
Demographic statistics within a 3-mile radius indicate near-term softness but a projected increase in population and households by 2028, which would expand the tenant base and support long-run absorption. The area’s rural character and limited amenity density suggest the property can differentiate with functional upgrades, reliable maintenance, and parking efficiency, while operators should account for a moderate renter-occupied share and the potential pull of ownership alternatives.
- Tight neighborhood occupancy supports leasing stability and reduces concession risk
- Favorable rent-to-income profile underpins retention and steady cash flow management
- 1976 vintage offers value-add and systems-improvement upside versus similar stock
- Forecast growth in nearby households expands the renter pool over the medium term
- Risks: limited amenity density, moderate renter concentration, and competition from ownership options