| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 20th | Poor |
| Demographics | 36th | Fair |
| Amenities | 15th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1815 Sandusky St, Fostoria, OH, 44830, US |
| Region / Metro | Fostoria |
| Year of Construction | 1989 |
| Units | 91 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
1815 Sandusky St, Fostoria OH Multifamily Opportunity
Positioned in a rural pocket of the Tiffin, OH metro, the property benefits from steady neighborhood occupancy and a broadening renter pool, according to WDSuite’s CRE market data. Investors should view this as a cash flow–focused play supported by accessible rents and proximity to regional employers.
Livability here reflects a small-market, rural setting with basic services and limited lifestyle amenities. Within the Tiffin metro, amenity access is competitive among local neighborhoods (ranked 8th of 30), though nationally the area is lighter on cafes, parks, and childcare options. Grocery and restaurant access is present but not dense, supporting everyday needs rather than destination retail.
Neighborhood occupancy is around the low-90% range and has improved over the past five years, based on WDSuite’s commercial real estate analysis. The share of housing units that are renter-occupied in the neighborhood sits near the metro median, indicating a workable tenant base without excessive dependence on multifamily. Median contract rents remain low relative to national norms, which can aid lease retention and reduce affordability pressure.
Demographics aggregated within a 3-mile radius point to a stable to modestly expanding population and a projected increase in households by the mid-term, indicating a larger tenant base over time. Income trends in the 3-mile radius have strengthened, which supports collections and measured rent growth potential at attainable price points.
The property’s 1989 vintage is newer than the neighborhood’s older housing stock (average year built 1944). That relative youth can be a competitive advantage versus nearby inventory, while still warranting targeted capital planning for aging systems and select modernization to meet current renter expectations.
Home values in the neighborhood are low compared with national benchmarks. For investors, a high-cost ownership market is not the driver here; instead, more accessible ownership can create some competition, making product quality, management, and value-add execution important for pricing power and retention.
Safety indicators are comparatively favorable. The neighborhood ranks 2nd out of 30 within the Tiffin, OH metro, signaling stronger safety relative to most local peers. Nationally, crime measures fall in high safety percentiles (around the 90th+), placing the area in the top quartile nationwide. Recent year-over-year trends also point to improving property and violent offense rates, according to WDSuite’s CRE market data.
As always, investors should evaluate property-level security, lighting, and design alongside neighborhood trends to support resident satisfaction and lease stability.
Regional employers within commuting distance support workforce housing demand and day-to-day leasing stability. Key nearby anchors include Marathon Petroleum, Owens-Illinois, Dana, Dana Holding, and Owens Corning.
- Marathon Petroleum — energy refining (16.9 miles) — HQ
- Owens-Illinois — glass packaging (28.0 miles) — HQ
- Dana — auto components (31.6 miles)
- Dana Holding — auto components (31.6 miles) — HQ
- Owens Corning — building materials (33.5 miles) — HQ
This 91-unit, 1989-built asset offers durable, workforce-oriented cash flow in a rural Ohio setting with improving neighborhood occupancy and attainable rents. The property’s vintage is newer than much of the area’s housing stock, giving it a competitive position versus older comparables while still inviting focused upgrades for systems and finishes. According to CRE market data from WDSuite, the surrounding neighborhood shows stable fundamentals and relatively favorable safety readings, helping support resident retention and leasing consistency.
Demographics aggregated within a 3-mile radius indicate a growing renter pool over the forecast period and rising household incomes, which can underpin collections and measured rent growth. With nationally low rent levels and a low rent-to-income profile, the asset’s pricing can sustain occupancy while selective value-add initiatives capture incremental upside. Primary risks include the rural location, amenity-light environment, and competition from accessible homeownership, placing emphasis on operational execution and targeted capex.
- Newer vintage (1989) versus local stock supports competitive positioning with targeted modernization
- Stable neighborhood occupancy and favorable safety trends support leasing and retention
- 3-mile demographics point to a larger tenant base and rising incomes, aiding collections
- Attainable rents and low rent-to-income profile enable pricing power through value-add
- Risks: rural location, limited amenities, and ownership competition require strong management and capex discipline