| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 51st | Best |
| Demographics | 56th | Good |
| Amenities | 23rd | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 900 N Woodland Ave, Clyde, OH, 43410, US |
| Region / Metro | Clyde |
| Year of Construction | 2003 |
| Units | 45 |
| Transaction Date | 2001-03-14 |
| Transaction Price | $100,000 |
| Buyer | LAURELHURST LLC |
| Seller | LAURELHURST LIMITED |
900 N Woodland Ave, Clyde OH Multifamily Opportunity
Neighborhood-level occupancy ranks at the top of the Fremont metro, supporting stable leasing dynamics, according to WDSuite’s CRE market data. With newer 2003 construction relative to nearby stock, the asset is positioned to compete on operations while remaining mindful of long-term capital needs.
The property sits in a Rural neighborhood of Clyde that is competitive among Fremont neighborhoods (ranked 7 out of 31 by WDSuite). Neighborhood occupancy trends are exceptionally tight and have strengthened in recent years, a setup that typically supports steady renewals and low downtime for professionally managed assets.
Vintage matters here: 2003 construction is newer than the neighborhood average (1985). That positioning can reduce near-term obsolescence risk versus older comparables while still warranting planning for mid-life system updates and selective renovations to sustain rentability.
At the neighborhood level, the share of housing units that are renter-occupied is roughly one-third, indicating a defined but not oversupplied tenant base for multifamily. Within a 3-mile radius, households have grown and average household size has edged lower, expanding the potential renter pool and supporting occupancy stability for well-maintained product.
Local amenities are limited at the block level (Rural context), with modest access to groceries and pharmacies and fewer cafes, parks, and childcare options. Home values in the area are comparatively accessible in the metro context, which can introduce some competition from ownership; however, low rent-to-income levels in the neighborhood point to manageable affordability pressure that can aid retention and reduce turnover, based on CRE market data from WDSuite.
Safety metrics benchmark favorably in a national context. Violent offense measures sit in the top percentile nationally, and property offense measures are also high percentile compared to neighborhoods nationwide, indicating comparatively safer conditions. Recent data show notable year-over-year declines across both categories, reinforcing an improving trend rather than a one-off reading, per WDSuite’s market indicators.
As always, investors should evaluate asset-level security protocols and insurance assumptions, but the broader neighborhood trend positioning is a constructive input when assessing leasing stability and operating risk relative to other Fremont-area neighborhoods.
Regional employment access includes major corporate nodes within driving distance, supporting workforce renter demand and commuting convenience for residents. Key nearby employers include Owens Corning, Owens-Illinois, Dana Holding Corporation, and Marathon Petroleum.
- Owens Corning — building materials (36.2 miles) — HQ
- Owens-Illinois — glass packaging (37.1 miles) — HQ
- Dana Holding Corporation — automotive components (39.1 miles)
- Marathon Petroleum — energy refining (39.6 miles) — HQ
This 45-unit, 2003-vintage property in Clyde is positioned for durable operations in a Rural neighborhood where occupancy trends rank at the top of the Fremont metro. Newer construction versus the local average offers competitive standing against older stock, while mid-life systems and finishes create a clear path for targeted value-add to sustain rentability. Within a 3-mile radius, population and household counts have increased, household sizes have edged lower, and incomes have trended upward — dynamics that support a larger tenant base and lease retention. According to CRE market data from WDSuite, neighborhood rent levels relative to income indicate manageable affordability pressure, reinforcing renewal prospects.
Key considerations include a renter concentration that is meaningful but not dominant and a limited local amenity set given the Rural context, which places more weight on property-level features and management. Nearby regional employers within 35–40+ miles broaden the workforce demand catchment, but investors should calibrate expectations to commuting patterns and car dependency.
- Tight neighborhood occupancy supports low downtime and steady renewals
- 2003 construction outcompetes older local stock with targeted modernization potential
- 3-mile demographics show growing households and incomes, expanding the renter pool
- Low rent-to-income positioning aids retention and measured pricing power
- Risks: rural amenity limitations and some competition from accessible ownership options