| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 46th | Best |
| Demographics | 50th | Good |
| Amenities | 53rd | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 711 Belrock Ave, Belpre, OH, 45714, US |
| Region / Metro | Belpre |
| Year of Construction | 1981 |
| Units | 51 |
| Transaction Date | 2015-07-01 |
| Transaction Price | $2,481,600 |
| Buyer | PUTNAM HOWE VILLAGE SENIOR HOUSING LIMIT |
| Seller | NATIONAL CHURCH RESIDENCES OF BELPRE OHI |
711 Belrock Ave, Belpre OH Multifamily Investment
Neighborhood occupancy trends are stable at roughly the mid-90s and renter demand is supported by a renter-occupied share around one-third, according to WDSuite’s CRE market data. Positioning focuses on steady leasing fundamentals rather than outsized rent growth.
Located in suburban Belpre within the Marietta, OH metro, the property benefits from A+ neighborhood ratings and occupancy around 93.9% at the neighborhood level, pointing to steady tenant retention and fewer downtime risks for stabilized assets. Median contract rents in the area remain moderate, with a five-year uptrend, supporting rent-to-income levels that leave room for disciplined increases without overextending residents.
Amenities trend slightly above national midpoints for parks, cafes, and restaurants, while schools average 3.0 out of 5 and sit above the national median, offering a livability profile that supports workforce housing. Pharmacy access is thinner locally, which may influence resident convenience but is not typically a primary driver of multifamily absorption.
The neighborhood’s renter concentration is 32.7% of housing units being renter-occupied, indicating a meaningful but not oversaturated tenant base for conventional product. Home values are comparatively lower versus national norms, which can introduce some competition from ownership options; however, this also helps sustain a reliable pool of renters seeking flexible, more accessible monthly housing costs and supports lease retention.
Within a 3-mile radius, recent years show modest population and household softness, but forecasts point to growth in both households and incomes through 2028, which implies a larger tenant base ahead and supports occupancy stability. For investors conducting multifamily property research, these forward indicators help frame underwriting around consistent demand with measured rent growth expectations based on WDSuite’s regional context.
Safety indicators compare favorably: the neighborhood sits around the 90th percentile nationally for both overall and violent offense metrics, suggesting lower incident rates than most U.S. neighborhoods. Year-over-year trends also point to materially lower estimated offense rates, reinforcing a stable operating environment when viewed against national benchmarks.
As with any submarket, safety can vary by block and over time, but the combination of strong national percentiles and improving recent trends supports investor confidence in day-to-day operations, resident retention, and property positioning relative to the broader region.
Built in 1981, this 51-unit asset offers potential value-add and capital planning opportunities typical for its vintage, with the chance to modernize interiors and common areas to enhance competitiveness against newer supply. Neighborhood fundamentals are stable: occupancy near the mid-90s, moderate rents with a multi-year uptrend, and a renter-occupied share around one-third that supports a consistent leasing pipeline. According to CRE market data from WDSuite, the surrounding area’s safety profile ranks strong nationally, and forward-looking 3-mile projections indicate growth in households and incomes, which supports demand durability.
Relative home values are lower than national averages, which can create some competition from ownership alternatives; however, that dynamic also sustains reliance on rentals for mobility and flexibility, supporting lease retention. The property’s smaller average unit size can play to affordability and velocity, while investors should account for a narrower appeal to larger households.
- Stable neighborhood occupancy and steady rent trend support consistent cash flow potential
- 1981 vintage presents value-add and capex planning avenues to enhance competitiveness
- Strong safety positioning versus national benchmarks supports retention and operations
- Forecast 3-mile household and income growth supports a larger tenant base and pricing power over time
- Risks: ownership alternatives may temper rent growth; smaller unit sizes narrow family demand; typical vintage-related capex