| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 38th | Fair |
| Demographics | 25th | Poor |
| Amenities | 61st | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 934 Buckeye Ave, Sidney, OH, 45365, US |
| Region / Metro | Sidney |
| Year of Construction | 1990 |
| Units | 28 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
934 Buckeye Ave, Sidney OH Multifamily Investment
Neighborhood occupancy has remained resilient and renter demand is supported by accessible rents, according to WDSuite’s CRE market data. Focus here is on steady tenancy rather than outsized rent growth.
Located in Sidney’s Inner Suburb, the neighborhood ranks 5 out of 25 in the metro, placing it in the top quartile among metro neighborhoods. Amenity access is a relative strength for day‑to‑day livability, with cafes, restaurants, pharmacies, parks, and grocery options comparing favorably to many local peers, supporting resident retention and leasing velocity.
For investors screening rent and occupancy dynamics, neighborhood occupancy is reported at 94.8% (neighborhood metric, not the property) and trends have improved over the last five years, indicating stabilized demand conditions. Median contract rents remain on the accessible side locally, which can help sustain a broad renter pool and support steady lease renewal rates rather than peak-to-peak pricing.
The property’s 1990 vintage is newer than the area’s average construction year of 1964, suggesting competitive positioning versus older neighborhood stock. Investors should still underwrite targeted modernization and systems updates typical for late‑20th‑century assets to enhance leasing appeal and reduce near‑term capex uncertainty.
Tenure patterns show a moderate renter concentration — about 39.8% of housing units are renter‑occupied at the neighborhood level. This points to a meaningful tenant base for multifamily while leaving some exposure to competition from ownership options.
Demographic statistics aggregated within a 3‑mile radius indicate recent softness in population and households, but forecasts point to population growth and an increase in households over the next five years. A larger tenant base would support occupancy stability and reduce leasing friction if realized.
Home values in the neighborhood sit below many national benchmarks, which means ownership is relatively more accessible compared with higher‑cost metros. From an investor perspective, this can temper pricing power at the margin but also supports retention among residents who value more accessible rental options and convenience to nearby amenities.
WDSuite does not report sufficient crime statistics at the neighborhood level for this location. Investors should benchmark site‑level observations and local reporting against metro and city trends to contextualize safety and tenant‑retention considerations.
The broader workforce draws from regional corporate offices, offering commute access that supports stable renter demand. The list below reflects nearby employers relevant to the resident base.
- Waste Management — corporate offices (30.9 miles)
This 28‑unit, 1990‑vintage asset is positioned against a neighborhood that shows stable occupancy and accessible rents relative to income, supporting consistent tenancy and lower turnover risk. According to CRE market data from WDSuite, the neighborhood’s occupancy performance is above the national median and has improved over five years, while amenity access is competitive locally — all constructive for retention and leasing.
The vintage is newer than the area average, creating a competitive edge versus older stock while leaving room for focused value‑add through interior upgrades and system modernizations typical of late‑1980s/1990s construction. Moderate renter concentration at the neighborhood level indicates a meaningful tenant base; however, relatively accessible home values can introduce competition from ownership, suggesting disciplined rent management and amenity improvements are key to sustaining performance.
- Stable neighborhood occupancy and improving five‑year trend support steadier cash flows
- 1990 vintage offers competitive positioning with targeted value‑add and modernization potential
- Accessible rents relative to local incomes broaden the renter pool and aid retention
- Strong everyday amenities nearby underpin leasing convenience and renewal likelihood
- Risks: competition from ownership and uneven demographic momentum require disciplined rent and capex planning