| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 20th | Poor |
| Demographics | 36th | Fair |
| Amenities | 15th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1224 Sandusky St, Fostoria, OH, 44830, US |
| Region / Metro | Fostoria |
| Year of Construction | 1977 |
| Units | 45 |
| Transaction Date | 2017-03-05 |
| Transaction Price | $1,075,000 |
| Buyer | VALLEY PINE APARTMENTS LLC |
| Seller | MAGNM LLC |
1224 Sandusky St, Fostoria OH Multifamily Investment
Renter demand is supported by stable neighborhood occupancy and low rent-to-income levels, according to WDSuite’s CRE market data. Affordability and workforce access position this 45-unit asset for steady leasing with measured upside.
Located in a rural pocket of the Tiffin, OH metro, the neighborhood offers basic conveniences with modest amenity density; grocery access is present while cafes, parks, and childcare options are limited. For investors, this implies a value-oriented renter profile and leasing driven more by price and proximity than lifestyle offerings.
Neighborhood occupancy is reported at 90.4% with an upward five‑year trend, supporting a baseline of leasing stability at the area level (measured for the neighborhood, not the property). Within a 3‑mile radius, an estimated 31.8% of housing units are renter‑occupied, indicating a tangible—though not dominant—renter base that can sustain demand for smaller, efficiently priced units.
The property’s 1977 construction is newer than much of the local housing stock, which skews older. That relative vintage can be competitively advantageous versus pre‑war product, while investors should still plan for ongoing system updates or select value‑add improvements to meet contemporary renter expectations.
Home values in the neighborhood sit on the lower end nationally, which can introduce some competition from ownership options. However, rent-to-income ratios trend low in this area, reducing affordability pressure and supporting retention and consistent collections. These dynamics point to durable workforce housing demand rather than discretionary, amenity‑driven leasing.
According to WDSuite’s CRE market data, the neighborhood benchmarks in the stronger end of national safety percentiles, with recent year‑over‑year declines in both property and violent offense rates. This positioning suggests a comparatively stable environment versus many U.S. neighborhoods.
Investors should continue to monitor local trends and management controls, but current readings indicate conditions supportive of tenant retention and day‑to‑day operations without extraordinary security outlays.
Proximity to regional corporate employers supports a steady workforce renter base and practical commute times for residents, notably in energy, packaging, automotive, and building materials.
- Marathon Petroleum — energy (16.5 miles) — HQ
- Owens-Illinois — packaging (27.9 miles) — HQ
- Dana — automotive (31.5 miles)
- Dana Holding — automotive (31.5 miles) — HQ
- Owens Corning — building materials (33.6 miles) — HQ
This 45‑unit property aligns with a value‑oriented renter profile in a rural Tiffin‑area neighborhood where occupancy remains steady and rent burdens are low. According to CRE market data from WDSuite, the neighborhood shows improving safety trends and a stable occupancy backdrop, which together support predictable leasing and collections. Within a 3‑mile radius, renter‑occupied housing represents a meaningful share of units, and forward projections indicate population and household growth that can expand the renter pool.
Built in 1977, the asset is newer than much of the surrounding housing stock, offering relative competitiveness versus older product while still presenting potential for targeted renovations or system modernization. Lower home values locally may create some ownership competition, but low rent‑to‑income levels favor retention and steady tenancy for well‑managed, efficiently sized units.
- Stable neighborhood occupancy and low rent burdens support consistent cash flow
- 1977 vintage offers competitive positioning versus older local stock with selective value‑add upside
- Regional employers within commuting distance reinforce workforce housing demand
- Projected growth within 3 miles suggests a larger renter pool over the next few years
- Risk: lower ownership costs nearby may compete with rentals; lease management and amenity-light location require disciplined pricing