| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 46th | Best |
| Demographics | 50th | Good |
| Amenities | 53rd | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 731 Sycamore St, Belpre, OH, 45714, US |
| Region / Metro | Belpre |
| Year of Construction | 1981 |
| Units | 79 |
| Transaction Date | 2003-06-13 |
| Transaction Price | $889,000 |
| Buyer | WURSTER DAVID B |
| Seller | --- |
731 Sycamore St Belpre OH Multifamily Investment
Neighborhood occupancy is stable and renter demand is supported by steady amenities and a moderate renter-occupied share, according to WDSuite’s CRE market data. The property’s position in a competitively ranked Belpre submarket points to durable cash flow potential with prudent asset management.
Belpre sits within the Marietta, OH metro and this neighborhood is competitive among Marietta, OH neighborhoods (ranked 2 out of 34), with an A+ neighborhood rating based on WDSuite’s CRE market data. Local services are balanced for a suburban setting: restaurants and cafes are present at levels around or slightly above typical national densities, while pharmacies are limited, which may modestly affect daily convenience for residents.
For investors, the neighborhood’s reported occupancy of 93.9% reflects steady housing absorption at the neighborhood level rather than this property specifically, and it is above many peer areas nationally. Renter concentration is measured at the neighborhood level as 32.7% of housing units being renter-occupied, indicating a meaningful tenant base while still contending with a sizable owner-occupied segment. This mix suggests depth for workforce housing and supports leasing stability, while also requiring attention to competitive positioning versus ownership alternatives.
Schools average around 3.0 out of 5 and are above the metro median (rank 4 of 34), which can aid family-oriented renter retention. Neighborhood affordability signals also stand out: a rent-to-income ratio near 0.14 indicates lower affordability pressure in the area, which can support lease renewals and reduce turnover risk relative to higher-cost submarkets.
Vintage context matters: the average neighborhood construction year is 1985. With a 1981 build, this property is slightly older than the local average, pointing to potential capital planning needs for systems and interiors; however, it may also present value-add potential through targeted renovations to remain competitive against newer stock. Demographic statistics aggregated within a 3-mile radius show modest population softening in recent years but a projected increase in households through 2028, paired with smaller average household sizes—dynamics that can expand the renter pool and support occupancy stability over the medium term.
Safety indicators compare favorably: neighborhood measures align with the top decile nationally for both lower violent and property offense exposure, based on WDSuite’s CRE market data. Recent trend readings also point to improvement, with decreases in estimated offense rates year over year. While crime can vary by block and over time, this comparative standing suggests the area performs better than many neighborhoods nationwide and is competitive within the Marietta metro.
731 Sycamore St offers a defensible position in a competitive Belpre neighborhood where occupancy is steady at the neighborhood level and renter concentration provides a reliable tenant base. The 1981 vintage is slightly older than the local average, which implies practical capex planning but also creates room for targeted value-add to bolster rentability versus newer comparables. According to CRE market data from WDSuite, neighborhood affordability indicators—particularly a moderate rent-to-income profile—support lease retention and pricing discipline without overextending tenants.
Demographic statistics within a 3-mile radius indicate softer recent population trends but a projected increase in households and higher incomes through 2028, consistent with smaller household sizes and a larger renter pool over time. Balanced amenities and above-metro-median school ratings can reinforce family-oriented demand, while relatively accessible home values in the area may introduce competition from ownership—an important factor for marketing strategy and amenity positioning.
- Competitive neighborhood ranking (2 of 34) supports demand and leasing stability.
- 1981 vintage offers value-add potential with targeted renovations and systems upgrades.
- Moderate rent-to-income dynamics bolster retention and reduce turnover risk.
- 3-mile outlook shows household growth and rising incomes, expanding the renter pool.
- Risk: relatively accessible ownership options and limited pharmacies require competitive positioning and thoughtful amenity strategy.