| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 51st | Best |
| Demographics | 37th | Fair |
| Amenities | 0th | Poor |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 122 Tennis Center Dr, Marietta, OH, 45750, US |
| Region / Metro | Marietta |
| Year of Construction | 1979 |
| Units | 44 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
122 Tennis Center Dr, Marietta OH — Multifamily Value-Add Potential
Renter demand in this rural Marietta submarket is supported by relatively modest rent-to-income levels and a smaller, stable tenant base, according to WDSuite’s CRE market data. Neighborhood operating performance trends are mixed, pointing to disciplined leasing and targeted renovations as the clearer path to returns.
The property sits in a rural neighborhood of Marietta with a B- neighborhood rating, indicating balanced fundamentals rather than a clear outlier. Amenity density is limited locally (few cafes, groceries, parks, or pharmacies nearby), so residents rely on broader Marietta for services. For investors, this typically translates to workforce-oriented demand rather than amenity-driven leasing.
Neighborhood occupancy is moderate and has softened versus five years ago, suggesting that hands-on asset management and competitive positioning will matter to sustain stability. At the same time, the neighborhood’s NOI per unit ranks at the top of the metro’s 34 neighborhoods and is top percentile nationally, signaling that well-run assets can perform competitively even without dense amenity cores.
Within a 3-mile radius, demographic data show a smaller population today than five years ago but a rising share of smaller households ahead, which can support a steady renter pool as more one- and two-person households seek flexible housing options. Framing rents against incomes, rent-to-income levels are mid-range, which supports retention and reduces volatility risk when managing renewals.
Home values in the area are lower than many national markets, making ownership comparatively accessible. For multifamily investors, that means pricing power relies more on operational quality, renovations, and resident experience than on ownership cost pressures alone. Thoughtful upgrades and consistent service can maintain competitiveness against ownership alternatives and older rental stock.
Based on WDSuite neighborhood data, this area performs in the top quartile nationally for safety, comparing favorably to many U.S. neighborhoods. Relative to the Marietta metro’s 34 neighborhoods, it is competitive, and both violent and property offense rates have moved lower over the past year, indicating an improving trend rather than a deterioration.
As always, safety can vary by block and over time; investors should confirm on-the-ground conditions and recent comps. The directional metrics suggest stability, which can support resident retention and predictable leasing.
Built in 1979, this 44-unit asset offers classic value-add levers: selective interior upgrades, common-area refreshes, and systems modernization to compete against newer stock in the Marietta market. According to CRE market data from WDSuite, the neighborhood posts top-tier NOI per unit versus metro peers, indicating that disciplined operations can translate into solid performance even where amenity density is thin. Rent-to-income levels point to manageable affordability pressure, supporting renewal strategies and measured rent growth tied to delivered improvements.
Counterbalancing strengths, neighborhood occupancy has eased from prior levels and the local ownership market is relatively accessible, which can cap pricing power without a clear quality edge. Execution should emphasize durable finishes, energy-efficiency upgrades, and resident services that justify rents while maintaining retention.
- 1979 vintage supports targeted value-add and systems upgrades
- Top-tier neighborhood NOI per unit versus metro peers signals operational upside
- Mid-range rent-to-income supports renewal strategies and occupancy stability
- Rural location with limited amenities favors workforce tenants over lifestyle renters
- Risk: softer neighborhood occupancy and accessible ownership can constrain pricing power