| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 36th | Fair |
| Demographics | 39th | Fair |
| Amenities | 14th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 420 Zurich St SW, Sugarcreek, OH, 44681, US |
| Region / Metro | Sugarcreek |
| Year of Construction | 1984 |
| Units | 24 |
| Transaction Date | 2012-07-26 |
| Transaction Price | $559,595 |
| Buyer | SCHOENBRUNN GREENE LP |
| Seller | MOOMAW MANOR LTD |
420 Zurich St SW Sugarcreek Multifamily Investment
Neighborhood-level occupancy is steady around national norms, and 3-mile household growth has expanded the local renter pool, according to WDSuite s CRE market data. These neighborhood statistics point to demand resilience rather than outsized growth for this rural Ohio submarket.
Sugarcreek s neighborhood context is rural with a C rating and modest amenity density. Grocery access ranks 10th among 41 metro neighborhoods top quartile locally while cafes, parks, and pharmacies are sparse (ranked near the bottom of 41). Restaurants are present but limited (rank 16 of 41 competitive among New Philadelphia-Dover neighborhoods). These are neighborhood-level conditions, not property-specific.
Multifamily fundamentals are balanced. Neighborhood occupancy is in the mid-50s percentile nationally, signaling stability rather than tightness. The share of renter-occupied housing units is near the national middle, indicating a shallower tenant base than urban metros but adequate depth for small-scale assets again, a neighborhood metric rather than the property s performance. Median contract rents in the neighborhood have risen over the last five years from a low base, suggesting room for disciplined revenue management without assuming aggressive growth.
Within a 3-mile radius, recent years show population and household expansion, with households up meaningfully and average household size increasing slightly. Forward-looking forecasts point to a modest population dip but continued household growth and smaller household sizes, which can support demand for multifamily units and smaller floor plans. Median incomes have advanced, and rent-to-income levels sit in a favorable national percentile, supporting lease retention and occupancy stability.
The property s vintage is 1984, newer than the neighborhood s average construction year (1963). That positioning can be competitively advantageous versus older local stock, while still warranting capital planning for aging systems and selective modernization to sustain leasing velocity. Home values in the neighborhood track below high-cost markets, which can introduce some competition from ownership, but relatively manageable rent burdens can help support tenant retention and pricing discipline.
Comparable neighborhood crime metrics are not available in WDSuite for this area, which is common in rural geographies. Investors typically supplement with local public safety reports, property history, and insurer guidance to contextualize risk at the block and asset level.
Regional employment is diversified across food manufacturing, energy/utilities, insurance, and materials, with several large employers within commuting range that can help support renter demand and retention. The list below focuses on nearby employers most relevant to workforce housing dynamics in this submarket.
- J.M. Smucker food manufacturing (24.4 miles) HQ
- International Paper Company packaging & paper (25.0 miles)
- Erie Insurance Group insurance (26.2 miles)
- Goodyear Tire & Rubber tires & rubber (39.3 miles) HQ
- FirstEnergy electric utility (40.4 miles) HQ
420 Zurich St SW is a 24-unit, 1984-vintage asset positioned in a rural neighborhood where occupancy trends sit around national averages and rent burdens are relatively manageable. According to CRE market data from WDSuite, neighborhood rents have risen from a low base while renter concentration remains near the national middle, suggesting stable but measured demand dynamics. Within a 3-mile radius, households have increased and forecasts indicate more households even as population flattens, implying a supportive tenant base driven by smaller household sizes and commute-oriented renters.
Relative to older local stock (average neighborhood vintage 1963), this property s later construction can aid competitiveness, though investors should plan for ongoing system updates and targeted renovations to protect leasing and retention. The employment base within roughly 25 40 miles adds commuter draw, while limited neighborhood amenities and a predominantly owner-occupied context suggest disciplined underwriting and conservative lease-up assumptions.
- 1984 vintage offers competitive positioning versus older neighborhood stock, with selective modernization potential.
- Neighborhood occupancy around national norms supports steady performance rather than volatility.
- 3-mile household growth and smaller projected household sizes point to a durable renter base.
- Regional employers within commuting distance underpin workforce housing demand and retention.
- Risks: rural amenity depth, thinner renter base than urban metros, and need for prudent CapEx on aging systems.