| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 24th | Fair |
| Demographics | 61st | Best |
| Amenities | 6th | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 201 N Woodwind Dr, Attica, OH, 44807, US |
| Region / Metro | Attica |
| Year of Construction | 1993 |
| Units | 24 |
| Transaction Date | 2020-12-30 |
| Transaction Price | $915,000 |
| Buyer | ATTICA TERRACE LLC |
| Seller | ATTICA TERRACE LIMITED PARTNERSHIP |
201 N Woodwind Dr 24-Unit Attica Multifamily
Neighborhood occupancy is competitive among Tiffin, OH submarkets, and this 1993-vintage asset stands newer than much of the local stock, according to WDSuite’s CRE market data.
Located in a rural pocket of the Tiffin, OH metro, the neighborhood carries a B+ rating and ranks 11 out of 30 metro neighborhoods, placing it competitive among Tiffin neighborhoods. Occupancy at the neighborhood level trends around the mid-90s and ranks 11 of 30, indicating performance above the metro median and suggesting steady leasing conditions for well-managed multifamily.
Livability is driven more by schools than by retail access. The average school rating sits in the top quartile nationally and ranks 1 of 30 within the metro, while amenities are sparse (restaurants present but limited; few cafes, groceries, parks, or pharmacies nearby). This pattern fits a low-density rural location where residents rely on regional hubs for shopping and services.
The housing stock in the surrounding neighborhood skews older on average (mid-20th century), making a 1993 construction year relatively newer versus local comparables. For investors, newer vintage often supports competitiveness on building systems and finish quality versus older stock, while still allowing targeted modernization to meet renter expectations.
Within a 3-mile radius, demographics indicate a smaller tenant base with recent population contraction and shrinking household sizes, but a rising share of older adults. Median household incomes have strengthened, and rent-to-income levels in the neighborhood read as relatively manageable, which can support retention and measured rent growth strategies. Renter concentration is around one-fifth of units at the neighborhood level, signaling a thinner renter pool than urban peers but one that can provide stability for workforce-oriented housing.
Home values are lower than national norms for ownership, which can introduce competition with entry-level homebuying. In practice, this tends to favor properties that differentiate on convenience, maintenance-free living, and predictable housing costs, helping sustain occupancy even when ownership looks accessible.
Neighborhood-level crime data is not available in this dataset. For underwriting, investors typically benchmark safety using city and county trend lines and compare against peer neighborhoods across the Tiffin, OH metro. When local crime indicators align with or outperform broader regional trends, it can support leasing stability; if they underperform, operators may plan for enhanced on-site management and resident engagement.
Regional employment is anchored by energy and industrial offices reachable by highway, supporting commuting tenants who value predictable drive times.
- Marathon Petroleum — energy HQ (40.0 miles) — HQ
This 24-unit property’s 1993 vintage is newer than the neighborhood’s predominantly mid-century stock, offering a relative quality advantage while leaving room for targeted upgrades. Neighborhood occupancy performs above the metro median and competitive among Tiffin submarkets, supporting a case for steady collections when paired with disciplined operations. Based on CRE market data from WDSuite, the area’s renter concentration is modest and amenities are limited, so positioning around convenience, maintenance, and value will be important for tenant retention.
Within a 3-mile radius, population has trended lower while household sizes contract and the 65+ share grows, pointing to demand for manageable, maintenance-light living. Lower ownership costs in the area may cap pricing power at the margins, but relatively manageable rent-to-income levels suggest room for measured rent steps where the asset delivers reliable operations and practical finishes.
- Newer 1993 construction versus older local stock, with selective modernization upside
- Neighborhood occupancy competitive among Tiffin, OH submarkets, supporting leasing stability
- Manageable rent-to-income dynamics support retention and gradual rent steps
- Smaller renter pool and limited nearby amenities require focused tenant experience and pricing discipline
- Exposure to accessible homeownership and a shrinking population are underwriting risks to monitor