| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 54th | Best |
| Demographics | 51st | Best |
| Amenities | 27th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 371 Plyleys Ln, Chillicothe, OH, 45601, US |
| Region / Metro | Chillicothe |
| Year of Construction | 1979 |
| Units | 81 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
371 Plyleys Ln, Chillicothe OH Multifamily Investment
Occupancy in the surrounding neighborhood has been strong and comparatively stable, supporting consistent leasing for garden-style assets, according to WDSuite’s CRE market data. Positioned in a high-retention submarket with accessible rents, the asset can appeal to value-focused renters seeking convenience.
The property sits in an A+ rated neighborhood within the Chillicothe, OH metro, ranked 2nd out of 39 neighborhoods — top quartile nationally by several fundamentals. Neighborhood occupancy is reported at about 99% and in the 94th percentile nationwide, signaling durable demand and supporting steady collections for multifamily owners, based on CRE market data from WDSuite.
Livability is anchored by everyday conveniences: grocery and pharmacy access track above many peer areas in the metro, while parks and cafes are limited. For investors, this mix typically favors retention and day-to-day utility over lifestyle positioning. Median contract rents in the neighborhood sit at the lower end of the metro, and a rent-to-income ratio near 0.13 indicates manageable affordability pressure — a backdrop that can support occupancy stability and measured pricing power.
Tenure patterns indicate a modest renter concentration (roughly one-quarter of housing units renter-occupied), which suggests a smaller but consistent tenant base around the property. Within a 3-mile radius, recent years showed population softening alongside smaller average household sizes, yet WDSuite’s data projects an increase in households and a rising renter share over the next five years — dynamics that can expand the local renter pool and aid leasing.
Vintage context matters: the neighborhood s average construction year is 1988. Built in 1979, the subject is older than surrounding stock, pointing to potential capital planning needs but also value-add and repositioning opportunities to compete effectively against newer assets.
Neighborhood safety metrics land around the middle of national distributions, with property and violent offense rates tracking near national midpoints, per WDSuite. Recent year-over-year readings indicate some upward movement in reported offenses, so investors may want to underwrite with conservative assumptions for security, lighting, and operational oversight, and benchmark performance against broader Chillicothe trends rather than block-level variation.
In metro context, results are mixed relative to peer neighborhoods, and should be evaluated alongside occupancy strength and tenant profile. Framing safety at the neighborhood level avoids over-interpreting isolated incidents and helps align underwriting with realistic operating conditions.
The employment base is diversified across manufacturing, technology services, and retail headquarters within commuting range, supporting renter demand through stable job access. Nearby employers include General Mills, Avnet Services (and its LifeCycle Solutions division), The Xerox Company, and Big Lots HQ.
- General Mills — manufacturing (29.6 miles)
- Avnet Services — technology services (35.8 miles)
- The Xerox Company — business services (36.0 miles)
- Avnet Services - LifeCycle Solutions — technology asset services (37.2 miles)
- Big Lots — retail headquarters (44.3 miles) — HQ
This 81-unit, garden-style asset built in 1979 benefits from a high-occupancy neighborhood backdrop and accessible rent levels relative to incomes, which can support steady tenancy and predictable operations. The asset is older than the area 19s average vintage, creating a clear path for targeted renovations and system upgrades to enhance competitive positioning and capture incremental rent while maintaining retention. Within a 3-mile radius, WDSuite 19s data indicates households are expected to grow and the renter share to rise, which can expand the tenant base and support leasing over the medium term.
Operationally, smaller average floorplans can align with value-focused renters and workforce households seeking attainable monthly costs. According to CRE market data from WDSuite, neighborhood occupancy trends are strong versus national benchmarks, suggesting a favorable foundation for cashflow stability, with prudent allowances for ongoing capital needs and measured rent growth assumptions.
- High neighborhood occupancy and accessible rents support stable leasing and collections
- 1979 vintage presents value-add potential via interior updates and system modernization
- Projected household growth and rising renter share within 3 miles broaden the tenant base
- Smaller floorplans align with budget-minded demand, aiding occupancy resilience
- Risks: older systems requiring capex; mixed neighborhood safety trends; limited lifestyle amenities relative to urban peers