| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 45th | Best |
| Demographics | 54th | Good |
| Amenities | 39th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 524 Quail Creek Dr, Clyde, OH, 43410, US |
| Region / Metro | Clyde |
| Year of Construction | 1995 |
| Units | 36 |
| Transaction Date | 2022-04-01 |
| Transaction Price | $1,189,700 |
| Buyer | QUAIL CREEK RENTALS LLC |
| Seller | VOTUM PROPERTIES LLC |
524 Quail Creek Dr, Clyde OH Multifamily Investment
Neighborhood occupancy remains strong and stable, supporting predictable leasing conditions for a 36-unit asset in Clyde, according to WDSuite s CRE market data. With steady renter demand and a suburban-rural setting, this location offers durable cash flow potential with measured rent positioning.
Clyde sits in a rural pocket of the Fremont, OH metro with a practical amenity mix: everyday needs (grocery and childcare) are present while cafés and pharmacies are sparse. Schools average roughly mid- to upper-tier performance for the region (neighborhood schools average 3.5 out of 5 and score in the top quartile nationally), which supports family-oriented renter appeal. Parks access trends above national medians, reinforcing livability for long-term tenants, based on CRE market data from WDSuite.
For multifamily investors, neighborhood occupancy is high and has risen over the last five years, placing the area in a strong national percentile for stability. Importantly, these occupancy figures refer to the neighborhood, not the property. The share of housing units that are renter-occupied in the neighborhood sits around one-third, indicating a defined but not oversupplied renter base that supports steady leasing without excessive turnover risk.
Home values in the neighborhood are lower than many U.S. areas, and median asking rents trend toward the more accessible end of the spectrum. For investors, that typically means solid retention and consistent collections, though it can also introduce competition from entry-level ownership options that may temper pricing power. The local rent-to-income relationship appears manageable, which can support renewal rates and reduce concessions risk during normal market cycles.
The average neighborhood construction year skews older relative to this asset s 1995 vintage. Being newer than much of the surrounding stock provides a competitive edge on layout and systems, though investors should still plan for age-appropriate capital items and potential modernization to meet current renter expectations.
Safety trends compare favorably to many neighborhoods nationwide, with both property and violent incident rates sitting in higher national safety percentiles. Recent year-over-year data also indicates meaningful declines in reported incidents, suggesting a constructive trajectory rather than deterioration. These observations are framed at the neighborhood scale and are intended for comparative context within the Fremont metro and against national benchmarks.
As with any submarket, conditions can vary by block and over time. Investors should incorporate on-the-ground diligence and updated reports alongside WDSuite s validated metrics to confirm current patterns before underwriting.
The regional employment base is anchored by large corporate offices within commuting range, supporting renter demand from households tied to manufacturing, materials, and energy. The employers below reflect realistic commute sheds that can aid retention and backfill velocity.
- Owens Corning building materials (37.1 miles) HQ
- Owens-Illinois glass packaging (38.0 miles) HQ
- Dana Holding Corporation automotive components (39.9 miles)
- Marathon Petroleum energy refining (40.1 miles) HQ
- Dana automotive components (41.3 miles)
This 1995-vintage, 36-unit property benefits from neighborhood occupancy that has remained elevated with positive five-year momentum, supporting durable leasing and modest downtime risk. Within a 3-mile radius, households have been increasing and are projected to continue growing through 2028, expanding the tenant base and reinforcing absorption prospects. Lower absolute rent levels relative to many U.S. areas help sustain retention, while the property s newer vintage versus the neighborhood average provides a competitive edge if paired with targeted upgrades.
At the same time, a high-cost ownership market is not the driver here; comparatively accessible home values may constrain rent growth outperformance and introduce competition from entry-level ownership. Even so, according to commercial real estate analysis from WDSuite, the neighborhood s strong occupancy and steady renter concentration support a stable operating outlook, with value-add returns achievable through selective renovations and disciplined expense control.
- Elevated neighborhood occupancy and steady five-year trend support leasing stability
- 1995 vintage is newer than surrounding stock, enabling competitive positioning with targeted upgrades
- 3-mile household growth outlook enlarges the renter pool and aids absorption
- Accessible rent levels enhance renewal odds and reduce concession exposure
- Risk: more accessible ownership options may temper pricing power and require careful rent management