| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 39th | Best |
| Demographics | 24th | Poor |
| Amenities | 31st | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1206 Beier Dr, Fostoria, OH, 44830, US |
| Region / Metro | Fostoria |
| Year of Construction | 1978 |
| Units | 60 |
| Transaction Date | 2020-08-24 |
| Transaction Price | $1,149,300 |
| Buyer | ECO VILLAGE APARTMENTS LLC |
| Seller | ECO VILLAGE LTD |
1206 Beier Dr, Fostoria OH — 60-Unit Multifamily
Neighborhood occupancy is 94.7% (measured for the neighborhood, not the property), supporting stable cash flow potential; according to WDSuite’s CRE market data, renter demand in this part of the Tiffin metro remains steady despite its rural profile.
The property sits in a rural neighborhood of the Tiffin, OH metro rated A- and ranked 6 of 30 neighborhoods — competitive among Tiffin neighborhoods and in the top quartile locally. Neighborhood occupancy is 94.7% and ranks 9 of 30, above the metro median and around the 69th percentile nationally, indicating generally solid absorption for stabilized assets.
Vintage is relevant: this property was built in 1978 versus a neighborhood average construction year of 1969. Being newer than the area’s typical stock can support competitive positioning versus older assets, though investors should still plan for system modernizations and potential renovation scopes to meet current renter expectations.
Livability is modest but functional for workforce renters. Amenity access is limited overall, consistent with a rural setting, yet nearby cafe and park density track around or above national midrange levels (cafes near the 72nd percentile nationally; parks near the 66th percentile). Grocery access sits near the national middle. Limited restaurant, pharmacy, and childcare density underscores the need to underwrite resident convenience carefully and consider on-site community features.
Within a 3-mile radius, demographic data indicate a renter-occupied share around one-third of housing units today, with forecasts pointing to a modest increase by 2028. Household counts are projected to grow even as average household size trends lower, which can expand the renter pool and support occupancy stability for well-managed assets. Median home values are comparatively low for the region, and measured rent levels are also low, which suggests retention stability but requires disciplined revenue management to balance affordability and pricing.
Comparable safety metrics for this specific neighborhood are not available in WDSuite’s current release. Investors typically benchmark neighborhood-level trends against city and county data and review multi-year patterns rather than single-year snapshots to understand directional risk. Given the rural context, it is prudent to incorporate on-site lighting, access control, and resident engagement programs into underwriting and asset plans.
The area draws from a regional employment base anchored by energy, glass manufacturing, automotive, and building materials — employers that support steady workforce housing demand and commuting convenience for renters.
- Marathon Petroleum — energy (14.9 miles) — HQ
- Owens-Illinois — glass manufacturing (29.7 miles) — HQ
- Dana — automotive components (33.3 miles)
- Dana Holding — automotive components (33.3 miles) — HQ
- Owens Corning — building materials (35.6 miles) — HQ
Built in 1978, this 60-unit asset benefits from a neighborhood that ranks 6 of 30 in the Tiffin metro and maintains neighborhood occupancy near the mid-90s, indicating durable renter demand for stabilized product. According to CRE market data from WDSuite, the area’s rent levels are low relative to incomes (high national affordability percentile), which can support retention and measured rent optimization where value is delivered.
The property’s slightly newer vintage than the local average suggests competitive positioning versus older stock while leaving room for targeted value-add and systems modernization. Within a 3-mile radius, forecasts point to growth in households and a gradual rise in renter concentration — a setup that can expand the tenant base and support leasing stability. Investors should underwrite conservatively for a rural amenity environment and a value-sensitive renter base.
- Competitive neighborhood standing (6 of 30) with occupancy around the mid-90s supports stability
- 1978 vintage is newer than the local average, offering value-add and modernization angles
- Low rent-to-income dynamics reinforce retention and measured pricing power
- 3-mile forecasts indicate household growth and a gradual rise in renter concentration
- Risks: rural amenity depth and value-sensitive renter base require conservative underwriting