| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 38th | Best |
| Demographics | 65th | Best |
| Amenities | 34th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 182 E Market St, Tiffin, OH, 44883, US |
| Region / Metro | Tiffin |
| Year of Construction | 1973 |
| Units | 72 |
| Transaction Date | 2007-06-11 |
| Transaction Price | $1,175,000 |
| Buyer | PJS PROPERTIES LLC |
| Seller | MAHARG GEORG E |
182 E Market St Tiffin Multifamily Investment
Neighborhood occupancy has trended in the mid‑90s, supporting stable cash flow potential for a 72‑unit asset, according to WDSuite’s CRE market data. This positions the property to benefit from steady renter demand while maintaining disciplined operations informed by commercial real estate analysis.
The property sits in a rural part of Tiffin with an A+ neighborhood rating and occupancy near the mid‑90s at the neighborhood level, per WDSuite. Local retail and dining density is modest, while parks and childcare access are comparatively stronger for the metro. Grocery access is present but not extensive, reinforcing a quieter setting with essential services nearby.
At the neighborhood level, the share of housing units that are renter‑occupied is on the lower side, indicating a smaller but potentially stable tenant pool for multifamily. Within a 3‑mile radius, households have increased over the past five years even as total population edged down, suggesting smaller household sizes and a gradually expanding renter pool that can support occupancy stability. Median contract rents remain relatively low versus local incomes, helping mitigate affordability pressure and aiding lease retention.
Vintage context matters: the average neighborhood construction year skews older (1950s). With a 1973 build, this property is newer than much of the surrounding stock, which can improve competitive positioning versus older assets; investors should still plan for system updates typical of 1970s construction to preserve curb appeal and operating efficiency.
Ownership costs in the area are comparatively accessible, which can create some competition from entry‑level ownership options. Even so, rent‑to‑income levels at the neighborhood scale are favorable for renters, which supports tenant retention and reduces turnover risk. Overall, the neighborhood ranks competitive among 30 Tiffin metro neighborhoods, and national percentile readings on occupancy and education indicate fundamentals that can underpin durable multifamily demand, based on CRE market data from WDSuite.
Comparable neighborhood‑level crime data was not available in WDSuite for this location. Investors should evaluate city and county public safety trends, property‑level incident histories, and insurer guidance to contextualize operating risk. Use submarket comparisons and multi‑year trends rather than block‑level anecdotes to maintain a consistent underwriting framework.
The employment base within commuting distance includes energy, manufacturing, and materials headquarters, supporting workforce housing demand and lease stability for renters with regional commutes. The list below highlights major employers by proximity.
- Marathon Petroleum — energy (25.5 miles) — HQ
- Owens-Illinois — glass & packaging (37.7 miles) — HQ
- Owens Corning — building materials (41.2 miles) — HQ
- Dana — auto components (41.4 miles)
- Dana Holding — auto components (41.4 miles) — HQ
This 1973, 72‑unit asset benefits from neighborhood occupancy in the mid‑90s and renter affordability that supports retention, according to CRE market data from WDSuite. The property is newer than much of the local housing stock, creating a relative edge versus older assets while leaving room for targeted modernization to enhance competitiveness.
Household counts within a 3‑mile radius have grown even as population trends softened, indicating smaller household sizes and a steady renter pool that can support leasing. Ownership remains comparatively accessible in this market, which can temper pricing power at the margin; however, low rent‑to‑income levels provide a cushion for rent collections and renewal outcomes.
- Neighborhood occupancy near the mid‑90s supports cash flow stability.
- 1973 construction is newer than average nearby stock, with value‑add via selective updates.
- Favorable rent‑to‑income dynamics aid retention and reduce downside risk.
- Regional employers within commuting distance underpin steady renter demand.
- Risk: accessible ownership options may cap aggressive rent growth; active asset management is key.