| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 38th | Fair |
| Demographics | 25th | Poor |
| Amenities | 61st | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 776 Country Side Ln, Sidney, OH, 45365, US |
| Region / Metro | Sidney |
| Year of Construction | 1998 |
| Units | 96 |
| Transaction Date | 2017-01-27 |
| Transaction Price | $3,000,000 |
| Buyer | Miller Valentine Group |
| Seller | Premier RE Management LLC |
776 Country Side Ln, Sidney OH Multifamily Opportunity
Neighborhood indicators point to steady renter demand and improving occupancy trends in this inner-suburban pocket of Sidney, according to WDSuite’s CRE market data. Investor positioning centers on stable operations supported by daily-needs amenities and a renter base measured at the neighborhood level.
The property sits in an Inner Suburb neighborhood that ranks 5 out of 25 in the Sidney, OH metro, placing it in the top quartile locally. Daily-needs access is a relative strength: neighborhood counts for cafes, pharmacies, parks, and groceries rank near the top among 25 metro neighborhoods and trend above national midpoints, supporting convenience-driven retention and leasing.
Occupancy at the neighborhood level has trended upward over the past five years and is competitive nationally (around the 70th percentile), suggesting operational stability for well-managed assets. The neighborhood’s renter-occupied share of housing units is 39.8%, indicating a meaningful tenant base that can support ongoing multifamily demand without over-reliance on any single segment.
Home values in the neighborhood sit below national norms, while neighborhood-level median contract rents are also comparatively low. For investors, this combination can sustain leasing velocity and retention, but it can temper near-term pricing power; underwriting should account for measured rent growth assumptions and potential competition from ownership options.
Within a 3-mile radius, recent population trends were modestly soft, but forecasts point to growth in both population and households over the next five years, implying a larger tenant base and support for occupancy. Household sizes are gradually edging smaller, which can favor multifamily absorption as more households form relative to population.
The average construction year in the neighborhood is older than the subject asset. With a 1998 vintage, the property is newer than much of the local stock, which can be a competitive advantage versus mid-century buildings, while still warranting targeted capital planning for systems and interiors to meet current renter expectations.
School ratings in the neighborhood track below national midpoints, which is a consideration for family-oriented demand but may be less impactful for workforce housing targeting singles and smaller households. Overall, the neighborhood’s amenity access and stable renter foundation are the primary drivers of multifamily attractiveness here.
Comparable, neighborhood-level safety data were not available in the provided dataset. Without consistent metro rankings or national percentiles, investors should rely on additional local diligence and trend comparisons to contextualize safety alongside leasing strategy and tenant profile.
Regional employment access is diversified at the metro scale; the following nearby employer contributes to the broader commuter shed and can help support renter stability for workforce-oriented units.
- Waste Management — environmental services (31.0 miles)
This 96-unit, 1998-vintage asset competes against an older neighborhood stock, offering relative appeal for renters while allowing room for targeted value-add to modernize interiors and common areas. Neighborhood occupancy has moved upward over the past five years and sits around national mid-high levels; paired with a meaningful renter concentration, this supports stable operations and steady absorption for a well-executed leasing plan, based on CRE market data from WDSuite.
Amenity access (cafes, pharmacies, parks, groceries) ranks near the top among 25 Sidney neighborhoods, a factor that tends to aid retention. At the same time, below-national home values and comparatively low neighborhood rents suggest conservative rent growth and thoughtful renewal management, as ownership alternatives can be accessible. Forward-looking 3-mile demographics indicate growth in population and households, pointing to a larger tenant base that can help sustain occupancy over the medium term.
- 1998 construction offers a competitive edge versus older neighborhood stock with targeted renovation upside.
- Neighborhood occupancy has improved in recent years and tracks around national mid-high levels, supporting income stability.
- Strong daily-needs amenity access supports leasing velocity and renewal rates.
- 3-mile forecasts point to growth in population and households, expanding the renter pool and supporting absorption.
- Risks: lower neighborhood school ratings and more accessible ownership options may temper rent growth; plan renewals and capital improvements accordingly.