| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 55th | Best |
| Demographics | 38th | Good |
| Amenities | 32nd | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 55 Sunrush Blvd, Chillicothe, OH, 45601, US |
| Region / Metro | Chillicothe |
| Year of Construction | 1994 |
| Units | 46 |
| Transaction Date | 2020-10-01 |
| Transaction Price | $2,015,400 |
| Buyer | HOPETON TERRACE SENIOR HOUSING LP |
| Seller | NATIONAL CHR RESIDENCES OF CHILLICOTIE I |
55 Sunrush Blvd Chillicothe OH Multifamily Investment
Neighborhood-level fundamentals point to stable renter demand and A-rated positioning within the Chillicothe metro, with occupancy at the neighborhood level holding in the low-90s according to WDSuite’s CRE market data.
The property sits in an Inner Suburb neighborhood ranked 4th of 39 in the Chillicothe, OH metro, placing it in the top quartile locally. Rents in the surrounding neighborhood trend toward the lower half of national markets, while occupancy has remained resilient near the low-90s over the past five years, supporting income stability at the neighborhood level rather than at the specific property.
Daily needs are reasonably served: neighborhood grocery access ranks above the metro median and pharmacies are comparatively plentiful, while restaurants are competitive among metro peers. Softer categories include cafes and parks, which are sparse; investors should plan resident experience strategies that emphasize on-site amenities or partnerships with nearby services.
Tenure data indicate a meaningful renter base: approximately four in ten housing units in the neighborhood are renter-occupied, which supports multifamily leasing depth without oversaturation. Within a 3-mile radius, households have grown recently despite population contraction, suggesting smaller household sizes and a gradually expanding tenant pool; forward-looking estimates point to continued household growth through 2028, which can underpin occupancy stability for well-managed assets.
Ownership costs in the neighborhood sit in a moderate range by national standards, and rent-to-income levels are also moderate. For investors, that balance typically supports retention while leaving room for measured rent growth aligned with unit quality and service levels, rather than relying on aggressive pricing.
Safety metrics for the neighborhood are near the national middle of the pack, based on property and violent offense indicators. According to CRE market data from WDSuite, recent year-over-year trends show modest declines in both property and violent incidents, which is directionally supportive for renter sentiment. As always, outcomes vary block to block; investors should pair this context with on-site observations and standard risk management.
Nearby employers provide a diversified employment base that can support workforce housing demand and commute convenience, including General Mills, Avnet Services, The Xerox Company, Big Lots, and American Electric Power.
- General Mills — food manufacturing offices (30.9 miles)
- Avnet Services — technology services (34.8 miles)
- The Xerox Company — business services (34.9 miles)
- Big Lots — retail headquarters (43.1 miles) — HQ
- American Electric Power — utilities (43.3 miles) — HQ
This mid-sized asset benefits from a top-quartile neighborhood ranking within the Chillicothe metro and a renter base that represents roughly four in ten housing units locally. Neighborhood occupancy has held in the low-90s in recent years, supporting a case for stable cash flow if operations and unit positioning are maintained. According to WDSuite’s commercial real estate analysis, local home values and rent-to-income levels suggest a balanced affordability profile that can aid lease retention while allowing measured revenue management tied to value-add execution.
Within a 3-mile radius, household counts have increased and are projected to rise further through 2028, implying a larger tenant base even as household sizes shift. Amenities favor daily needs (groceries, pharmacies, restaurants), while limited parks and cafes point to on-site amenity and community programming as levers for competitiveness.
- Top-quartile neighborhood rank (4 of 39) with resilient, low-90s neighborhood occupancy
- Balanced affordability context supports retention and measured pricing power
- 3-mile radius shows growing household counts, expanding the renter pool through 2028
- Daily-needs amenities nearby; on-site enhancements can offset limited parks/cafes
- Risk: safety indicators sit around national midrange; consistent property-level security and resident engagement remain important