| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 30th | Poor |
| Demographics | 32nd | Poor |
| Amenities | 36th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 725 S Buchanan St, Fremont, OH, 43420, US |
| Region / Metro | Fremont |
| Year of Construction | 1973 |
| Units | 68 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
725 S Buchanan St Fremont Multifamily Investment
Stabilized workforce demand with operational upside, according to WDSuite s CRE market data, positions this 68-unit 1973 asset for value-add and cash-flow management in a suburban Fremont location.
This suburban Fremont neighborhood carries a B- rating and shows balanced livability for workforce housing. Grocery access is competitive among Fremont, OH neighborhoods (ranked against 31 in the metro) and above many areas nationally, while restaurants are reasonably accessible. Caf s, parks, and pharmacies are limited nearby, so on-site amenities and resident services can play a bigger role in retention.
Renter-occupied housing accounts for roughly one-third of units locally, indicating a meaningful tenant base for multifamily demand without overwhelming supply concentration. Neighborhood rents trend toward the lower end of the metro and remain manageable relative to incomes, which can support lease stability and measured pricing power. Home values are also on the lower side for the region, which may introduce some competition from ownership but often sustains renter reliance on multifamily housing for convenience and flexibility.
Within a 3-mile radius, demographic data show a stable population today with a projected increase in households by 2028, pointing to renter pool expansion and support for occupancy over a multi-year hold. Household incomes have been rising, which can underpin steady absorption of renovated units, while a modest average household size suggests continued appeal for practical unit mixes.
Vintage context: the property s 1973 construction is newer than the neighborhood s average vintage (1960s stock is common), implying relative competitiveness versus older buildings; investors should still plan for modernization of systems and targeted interior upgrades to capture value-add potential.
Safety indicators are mixed when comparing neighborhood and national views. Nationally, the area scores in higher safety percentiles for both violent and property offenses, placing it among safer neighborhoods across the country. Locally within the Fremont metro (31 neighborhoods), however, comparable areas show stronger relative standings, suggesting this neighborhood trails several peers on safety measures.
Trend-wise, WDSuite s data indicate recent improvement in property incidents but some year-over-year volatility in violent offenses. For investors, this argues for standard security measures, lighting, and community engagement to support resident confidence and retention, while monitoring changes over time rather than relying on a single-year snapshot.
Regional employment anchors within commuting distance help support renter demand, with established corporate offices offering diverse blue- and white-collar roles. The employers below reflect realistic commute patterns for residents and contribute to leasing depth and retention.
- Owens Corning corporate offices (30.9 miles) HQ
- Owens-Illinois corporate offices (31.1 miles) HQ
- Dana Holding corporate offices (34.5 miles) HQ
- Marathon Petroleum corporate offices (35.3 miles) HQ
725 S Buchanan St offers durable, workforce-oriented demand at manageable rent levels, with potential to drive returns through targeted renovations and operating discipline. Built in 1973, the asset is relatively newer than much of the 1960s neighborhood stock, which supports competitive positioning while still warranting capital planning for systems and interiors. According to CRE market data from WDSuite, local occupancy has been softer than many Fremont neighborhoods, but grocery access is competitive and renter concentration is sufficient to sustain a stable tenant base.
Within a 3-mile radius, rising incomes and an expected increase in households through 2028 point to a larger tenant base and support for occupancy and lease-up of improved units. Ownership costs remain comparatively accessible in this market, so pricing strategy should emphasize quality and convenience to differentiate from entry-level ownership while leveraging the area s commuting reach to regional employers.
- Workforce demand at manageable rents supports steady absorption and retention.
- 1973 vintage offers value-add and systems modernization potential relative to older local stock.
- Competitive grocery access and sufficient renter concentration underpin day-to-day leasing stability.
- Demographic outlook (3-mile radius) indicates household growth by 2028, supporting occupancy over time.
- Risks: softer local occupancy versus metro peers, mixed school ratings, and safety metrics that trail some Fremont neighborhoods.