| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 30th | Fair |
| Demographics | 63rd | Best |
| Amenities | 13th | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 550 Ohio Ave, Mc Donald, OH, 44437, US |
| Region / Metro | Mc Donald |
| Year of Construction | 1990 |
| Units | 45 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
550 Ohio Ave Mc Donald Multifamily Investment
Neighborhood occupancy is solid and schools are a relative strength, indicating steady renter demand, according to WDSuite s commercial real estate analysis. With a suburban setting and pragmatic rents, the area supports durable leasing without relying on luxury positioning.
The property a0(constructed in 1990) is newer than the neighborhood daverage vintage, which skews to pre dwar stock. That positioning can help competitiveness versus older multifamily in Mc Donald while still warranting targeted modernization planning for systems and interiors to sustain rentability.
Local livability is defined by strong schools and quiet suburban character rather than dense retail. The neighborhood ds average school rating sits in the top quartile nationally and ranks 6th among 222 metro neighborhoods, a signal that can support retention for family doriented renters. Amenities are thinner than urban cores (limited restaurants, groceries, and parks in dneighborhood), so residents typically rely on nearby corridors for daily needs.
For investors, the operational backdrop is favorable: neighborhood occupancy trends are in the top quartile among 222 Youngstown dWarren dBoardman neighborhoods and around the 80th percentile nationally. Rents sit at the lower end of the metro distribution, and WDSuite 7s CRE market data indicates rent dto dincome levels are comparatively low for the neighborhood, which can aid lease stability and reduce affordability pressure.
Demographics aggregated within a 3 dmile radius show recent population growth with households expanding and the average household size edging lower. This points to a gradually larger tenant base and more one dto dtwo dperson households entering the market d dsupportive for 45 units averaging about 957 square feet. Neighborhood tenure indicates a modest share of renter doccupied housing, implying demand is steady but not deep like urban renter hubs; marketing and pricing discipline remain important to sustain occupancy.
Comparable neighborhood dlevel crime metrics were not available in the dataset provided for this location. Investors typically benchmark safety using city and metro trend reports, property dspecific incident history, and lender/insurer screens. Ongoing monitoring of local law enforcement data and resident feedback during lease renewals can help track any directional changes.
Employment drivers nearby are diversified across rail, manufacturing, utilities, distribution, and insurance d dsupporting workforce housing demand and commute convenience for renters. Highlighted employers include Norfolk Southern, Goodyear Tire & Rubber, Home Depot Distribution, FirstEnergy, and Erie Insurance.
- Norfolk Southern rail operations (7.4 miles)
- Goodyear Tire & Rubber manufacturing & corporate (39.9 miles) HQ
- Home Depot Distribution Center distribution & logistics (41.4 miles)
- FirstEnergy utilities & corporate (41.8 miles) HQ
- Norfolk Southern Motor Yard rail operations (43.1 miles)
550 Ohio Ave offers a defensible workforce housing thesis: neighborhood occupancy trends rank in the top quartile among 222 metro neighborhoods while rents remain pragmatic, supporting stable leasing and renewal capture. The 1990 vintage is newer than much of the surrounding housing stock, creating a relative competitive edge versus older properties and leaving room for focused value dadd through systems updates and unit finishes. Nearby employment across rail, manufacturing, utilities, and logistics further underpins renter demand.
Demographics within a 3 dmile radius point to population growth and an expanding household base, suggesting a larger tenant pool over time; lower rent dto dincome levels in the neighborhood support occupancy stability, based on CRE market data from WDSuite. Counterbalancing factors include a modest renter doccupied share at the neighborhood level and limited in dneighborhood retail, which place a premium on asset management and pricing discipline.
- Occupancy in the neighborhood is top quartile among 222 metro neighborhoods, supporting stable collections
- 1990 vintage outpaces local older stock, allowing targeted value dadd and competitive positioning
- Workforce employers (rail, manufacturing, utilities, logistics) reinforce renter demand and retention
- Low rent dto dincome levels indicate manageable affordability pressure and renewal potential
- Risk: modest renter doccupied share and sparse amenities require vigilant marketing and pricing control