| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 55th | Best |
| Demographics | 38th | Good |
| Amenities | 32nd | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 2125 Anderson Station Rd, Chillicothe, OH, 45601, US |
| Region / Metro | Chillicothe |
| Year of Construction | 1995 |
| Units | 40 |
| Transaction Date | 2021-03-30 |
| Transaction Price | $1,325,000 |
| Buyer | BVJ CHILLICOTHE PARTNERS LLC |
| Seller | 2125 ANDERSON STATION LLC |
2125 Anderson Station Rd, Chillicothe OH Multifamily
Neighborhood signals point to steady renter demand and occupancy resilience relative to the metro, based on CRE market data from WDSuite. Positioning skews workforce-oriented with rent-to-income dynamics that support retention-focused operations.
The property is located in an Inner Suburb area that ranks 4th out of 39 neighborhoods in the Chillicothe, OH metro with an A rating, indicating it is competitive among local peers. Neighborhood occupancy trends sit above the national median and have inched higher, supporting baseline stability for multifamily assets.
Everyday convenience is solid: grocery and pharmacy access are competitive among Chillicothe neighborhoods, and restaurant density is also competitive. That said, cafes, childcare, and parks are limited in the immediate area, which may temper walkable lifestyle appeal.
Renter demand fundamentals are favorable at the neighborhood level. The share of renter-occupied housing ranks 4th of 39 locally and is high in national context, suggesting a deeper tenant base for multifamily. Neighborhood rents benchmark below national levels, while rent-to-income sits near the national midpoint, a mix that can support durable leasing with disciplined pricing.
Within a 3-mile radius, recent data show population has softened while households have been more stable, and forecasts point to a near-flat population trajectory alongside potential household growth. For investors, a steady or expanding household base can help sustain the renter pool even if population growth is muted. Median home values, relative to local incomes in national context, imply a high-cost ownership market that can reinforce reliance on rental housing and support occupancy.
Vintage context: the asset’s 1995 construction is slightly newer than the neighborhood average year of 1993. This can be competitive versus older local stock, though investors should plan for targeted system updates and cosmetic modernization to align with current renter preferences.
Safety indicators are around the metro average and near the national median, per WDSuite’s CRE market data. The neighborhood ranks 32nd out of 39 in the metro (a higher rank here indicates comparatively lower crime among local neighborhoods), with violent incidents slightly better than the national midpoint and property incidents near the national median.
Recent direction is constructive: estimated year-over-year rates show declines in both property and violent offenses. While continued monitoring is prudent, the comparative positioning suggests neither a pronounced headwind nor a strong safety premium at present.
Nearby employers in consumer goods and corporate services support a commuter renter base and can aid leasing stability. The employers below reflect the closest nodes likely to influence day-to-day renter demand in this submarket.
- General Mills — consumer goods (32.4 miles)
- Avnet Services — corporate services (33.8 miles)
- The Xerox Company — corporate offices (34.0 miles)
- Avnet Services - LifeCycle Solutions — corporate services (35.2 miles)
- Big Lots — retail corporate offices (41.8 miles) — HQ
2125 Anderson Station Rd offers an investor profile anchored by neighborhood stability, workforce-oriented pricing, and a renter base that is comparatively deep within the metro. Neighborhood occupancy trends are above national midpoints and have improved modestly, while the local share of renter-occupied housing ranks among the metro’s highest—supportive signals for day-one leasing and renewal performance. According to CRE market data from WDSuite, rents benchmark below national levels while rent-to-income sits near the middle of the national range, pointing to steady retention with disciplined pricing management.
Built in 1995, the asset is slightly newer than the neighborhood’s average vintage, offering relative competitiveness versus older stock with room for targeted modernization to enhance rentability and operating efficiency. Within a 3-mile radius, population growth is muted but household counts are expected to hold or improve, which can sustain the renter pool. Everyday services (groceries, pharmacies, restaurants) are competitive among metro peers, though limited parks and cafes are considerations for underwriting and amenity planning.
- Competitive neighborhood (4th of 39) with above-median occupancy supporting baseline leasing stability
- High neighborhood share of renter-occupied units signals depth of tenant demand
- Workforce-oriented rent levels and mid-range rent-to-income support retention and measured pricing power
- 1995 vintage provides relative competitiveness with value-add potential through modernization
- Risks: muted population growth, limited parks/cafes may temper lifestyle appeal and leasing velocity