| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 26th | Poor |
| Demographics | 32nd | Poor |
| Amenities | 23rd | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 200 Shawnee St, Bainbridge, OH, 45612, US |
| Region / Metro | Bainbridge |
| Year of Construction | 1994 |
| Units | 48 |
| Transaction Date | 2024-11-13 |
| Transaction Price | $1,252,100 |
| Buyer | BAINBRIDGE MANOR OF ROSS COUNTY LLC |
| Seller | BAINBRIDGE MANOR APARTMENTS |
200 Shawnee St, Bainbridge OH Multifamily Investment
In a rural pocket of the Chillicothe, OH metro, neighborhood occupancy has trended softer while rents remain relatively accessible, supporting steady workforce-oriented demand according to WDSuite s CRE market data. Investors should weigh affordability-driven leasing stability against thinner amenity density typical of low-density submarkets.
The property s Bainbridge location sits within a rural neighborhood that ranks 24th out of 39 Chillicothe metro neighborhoods (C+ rating), pointing to middling local fundamentals. Amenity density is limited (few cafes, parks, and childcare options), though basic services are present with some grocery and pharmacy access. This lower-intensity setting tends to attract price-sensitive renters and can support retention when pricing remains aligned with local incomes.
Neighborhood occupancy is 83.2% (35th of 39 in the metro), signaling some slack in the local rental market relative to stronger submarkets. At the same time, the neighborhood s rent-to-income ratio is low and within a high national percentile, indicating limited affordability pressure and potential headroom for disciplined rent setting rather than reliance on concessions, based on CRE market data from WDSuite. Keep in mind these metrics reflect the neighborhood, not the property.
Vintage matters: built in 1994, the asset is newer than the neighborhood s average construction year (1968). That relative youth can be a competitive edge versus older local stock, while still warranting capital planning for systems modernization, curb appeal, and common-area updates to drive leasing and retention.
Within a 3-mile radius, recent trends show a modest decline in population and households, with forecasts indicating households edging higher over the next few years even as population remains roughly flat. For investors, that suggests a stable tenant base with a renter pool that could gradually expand, supporting occupancy stability if units are maintained and priced to local income bands. With median home values on the lower side for the region, ownership is comparatively accessible; that can create competition with single-family ownership, so multifamily positioning should emphasize convenience, maintenance-free living, and predictable monthly costs.
Safety indicators for the neighborhood are around the metro average, with crime ranking 20th out of 39 neighborhoods in the Chillicothe, OH metro. Nationally, the neighborhood sits in the low-to-mid 60s percentiles for both violent and property offenses, indicating comparatively safer conditions than many neighborhoods nationwide.
Recent year-over-year trends point to improvement, with estimated violent and property offenses declining. For investors, this trajectory can support leasing confidence and tenant retention, although property-level security measures and good lighting remain prudent standard practice.
Employment access is oriented to regional commuting patterns common to rural markets; proximity to food manufacturing supports a blue-collar renter base that values attainable rents and predictable commutes.
- General Mills food manufacturing (39.8 miles)
This 1994-built, 48-unit asset offers a relative age advantage versus older neighborhood stock, positioning it well for light-to-moderate value-add that can strengthen competitiveness without overcapitalizing. Neighborhood occupancy runs softer, but low rent-to-income levels and a cost-conscious renter base suggest room for disciplined rent optimization and stable collections, according to CRE market data from WDSuite. In a rural setting with limited amenity density, a focus on clean, functional units and reliable operations can be a differentiator.
Within 3 miles, population has eased while households are projected to edge up, implying a stable tenant base even as demographics shift. Lower regional home values may encourage some households toward ownership, so multifamily performance will hinge on retention, service quality, and aligning rents with local income bands. Thoughtful capex toward systems and curb appeal can capture leasing from older comparables and support durable occupancy.
- 1994 vintage offers competitive positioning vs. older local stock with targeted value-add potential
- Low rent-to-income levels support pricing flexibility and collections stability
- Rural location with basic services suits workforce renters prioritizing attainable rents
- 3-mile household counts projected to increase slightly, supporting tenant base stability
- Risk: neighborhood occupancy is below stronger submarkets; leasing velocity may depend on unit quality and pricing discipline