| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 33rd | Poor |
| Demographics | 34th | Poor |
| Amenities | 12th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 600 Holiday Ave, Uhrichsville, OH, 44683, US |
| Region / Metro | Uhrichsville |
| Year of Construction | 1995 |
| Units | 24 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
600 Holiday Ave Uhrichsville Multifamily Investment Opportunity
Built in 1995, this 24-unit asset offers newer-vintage positioning in a rural submarket where rents remain modest, according to WDSuite s CRE market data. The neighborhood shows a relatively deep renter base for the metro, supporting steady leasing while keeping affordability pressures measured.
Livability is defined by small-town dynamics: limited cafes, parks, and pharmacies and a car-dependent environment typical of rural Ohio. Median contract rents in the neighborhood are on the lower side (ranked 11 out of 41 metro neighborhoods), which can aid lease-up and retention while moderating near-term pricing power relative to higher-cost urban submarkets, based on commercial real estate analysis from WDSuite.
Relative to the New Philadelphia-Dover metro, the neighborhood s overall housing occupancy ranks near the bottom (40 of 41), signaling that owners should underwrite with conservative physical occupancy assumptions and active leasing management. Counterbalancing this, the share of renter-occupied units ranks 10 of 41 competitive among New Philadelphia-Dover neighborhoods indicating a meaningful tenant base for multifamily operators.
Vintage context matters: the average neighborhood construction year skews older (1970). A 1995 asset positions ahead of much of the local stock, often translating into fewer near-term unit modernization needs than 1960s 70s product, though investors should still plan for system updates and common-area refreshes over the hold.
Demographics within a 3-mile radius show a slight population decline over the last five years (-2.5%) but projections point to population growth of about 4.3% and a sizable increase in households (~29%) by 2028, alongside smaller household sizes. This combination suggests a larger renter pool and supports occupancy stability for well-managed properties, particularly where rent levels stay aligned with local incomes.
Ownership costs are relatively accessible in this market (low value-to-income levels and a rent-to-income ratio near 0.13), which supports tenant retention but may also introduce competition from for-sale options. Investors should focus on operational execution and value-oriented amenities to reinforce leasing and renewal decisions.
Neighborhood-level crime statistics are not available in WDSuite for this area, so investors typically benchmark against county or metro trends and assess property-level measures. A prudent approach is to review recent comparable asset performance, local law enforcement reports, and management practices to understand safety context over time.
Regional employment is diversified across insurance, consumer goods, distribution, and paper products. While commutes are longer from Uhrichsville, these employers can still contribute to a stable renter base seeking value-oriented housing.
- Erie Insurance Group insurance (32.2 miles)
- J.M. Smucker consumer packaged goods (38.7 miles) HQ
- Autozone Distribution Center distribution (40.2 miles)
- International Paper Company paper & packaging (41.7 miles)
The 1995 vintage provides a competitive edge versus the area s older housing stock, with potential to capture renters prioritizing functional layouts and reliable systems over dated alternatives. Based on CRE market data from WDSuite, neighborhood rents are modest and rent-to-income levels indicate manageable affordability pressure, supporting lease retention strategies even as overall neighborhood occupancy trends warrant disciplined leasing and renewal management.
Within a 3-mile radius, forecasts indicate population growth and a notable rise in household counts through 2028 alongside smaller household sizes a setup that can expand the renter pool. Pairing value-oriented renovations and consistent operations with this demand backdrop can position the asset for steady performance relative to similarly priced inventory.
- 1995 construction offers relative competitiveness versus older local stock, with targeted systems upgrades to manage capex.
- Modest rent levels and manageable rent-to-income dynamics support tenant retention and steady leasing.
- 3-mile forecasts show population and household growth with smaller household sizes, expanding the renter pool.
- Risk: neighborhood occupancy ranks near the bottom of 41 metro neighborhoods, requiring conservative underwriting and proactive leasing.
- Risk: accessible ownership options may compete with rentals focus on value-oriented amenities and service quality to differentiate.