| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 43rd | Best |
| Demographics | 60th | Best |
| Amenities | 42nd | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 7552 Ohio River Rd, Wheelersburg, OH, 45694, US |
| Region / Metro | Wheelersburg |
| Year of Construction | 1979 |
| Units | 45 |
| Transaction Date | 2015-05-01 |
| Transaction Price | $1,337,500 |
| Buyer | --- |
| Seller | --- |
7552 Ohio River Rd Wheelersburg Multifamily Investment
Neighborhood occupancy is in the mid-90% range and a renter-occupied share near one-third point to durable leasing fundamentals, according to WDSuite’s CRE market data.
Positioned in Wheelersburg within the Portsmouth, OH metro, the property benefits from a neighborhood rated A+ and ranked 2 out of 47 metro neighborhoods—placing it among the top tier locally. Neighborhood occupancy trends sit above the national median (66th percentile), supporting stable cash flow potential for well-managed multifamily assets. Median contract rents are below national levels (21st percentile), which can aid lease-up and retention while leaving room for disciplined, programmatic renovations to capture incremental rent.
Schools in the area are stronger than many peers (73rd percentile nationally; rank 2 of 47 in the metro), a factor that helps underpin family-oriented renter demand. Amenity access is mixed typical of a rural setting: grocery and restaurants track modestly above national medians (both around the 59th percentile), while parks are a relative strength (66th percentile). Cafés and pharmacies are sparse within the neighborhood footprint, so residents likely rely on nearby corridors for some services—an underwriting consideration for resident convenience and marketing.
Demographic statistics within a 3-mile radius show population has contracted over the last five years and is forecast to edge lower, but household counts are projected to rise as average household size declines. For investors, a shift toward smaller households can expand the renter pool and support occupancy stability even as headcount flattens. Income trends are improving from prior periods, which, combined with a rent-to-income ratio around the national 61st percentile, suggests manageable affordability pressure that can support lease retention with measured rent setting.
The building’s 1979 vintage is slightly newer than the neighborhood’s average construction year of 1970. That positioning can be competitive versus older stock, though investors should plan for ongoing system updates and selective value-add to meet contemporary renter expectations.
Comparable neighborhood-level crime data is not available in the provided dataset for this location. Investors should benchmark city and county trend sources alongside property-level history and on-the-ground observations to calibrate risk. A practical approach is to compare this neighborhood against Portsmouth-area peers and regional averages, and incorporate lighting, access control, and visibility improvements into CapEx if needed.
The broader employment base is anchored by regional manufacturing and food production, supporting workforce renter demand and commute convenience for residents working at Ak Steel and General Mills.
- Ak Steel — steel manufacturing (18.1 miles)
- General Mills — food production (30.1 miles)
This 45-unit, late-1970s asset is situated in a top-tier Wheelersburg neighborhood within the Portsmouth metro, where occupancy trends run above national medians and rents remain comparatively modest. That combination supports leasing stability with potential to capture revenue through targeted upgrades. According to CRE market data from WDSuite, the neighborhood’s renter concentration sits near one-third of housing units, indicating a meaningful tenant base for multifamily operators.
Within a 3-mile radius, population is drifting lower, but households are projected to increase as average household size declines—an investor-relevant shift that can enlarge the renter pool and support steady absorption. The 1979 vintage is slightly newer than the local average, yet still likely benefits from system modernization and unit renovations to enhance competitiveness against refreshed stock. Underwriting should consider the rural amenity mix and reliance on nearby corridors for select services.
- Top-tier neighborhood rank (2 of 47) in the Portsmouth metro supports leasing stability
- Occupancy above national medians with below-national rents enables retention and targeted rent growth
- 1979 vintage offers value-add through system updates and unit renovations versus older local stock
- 3-mile household growth alongside smaller household sizes expands the renter pool and supports absorption
- Risks: rural amenity depth, limited café/pharmacy access, and population softness require disciplined operations