| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 51st | Best |
| Demographics | 37th | Fair |
| Amenities | 0th | Poor |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 150 Browns Rd, Marietta, OH, 45750, US |
| Region / Metro | Marietta |
| Year of Construction | 1997 |
| Units | 89 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
150 Browns Rd Marietta — 89-Unit 1997 Multifamily
Newer-than-neighborhood vintage supports competitive positioning, while local occupancy trends sit below the metro median; these dynamics point to steady workforce demand with active leasing management, based on commercial real estate analysis from WDSuite.
The property sits in a rural Marietta subarea with limited neighborhood amenities, so residents typically rely on regional retail and services by car. Neighborhood rents trend on the accessible side versus national levels, and the rent-to-income profile sits near the national midpoint, which can support retention and measured pricing power for well-managed workforce product.
Construction across the neighborhood skews older than the subject s 1997 build, offering a relative competitive edge versus 1980s-era stock while still warranting selective system updates due to age. Neighborhood occupancy ranks 22 of 34 metro neighborhoods (below the metro median), suggesting that leasing performance may depend on operational execution, curb appeal, and unit modernization.
The surrounding area s renter-occupied share is owner-leaning, indicating a moderate renter pool rather than a transient market; for multifamily investors, this typically translates to a stable but finite demand base. Home values sit in a mid-range context relative to local incomes, which can sustain reliance on rental housing without eliminating competition from entry-level ownership options a balance that supports steady absorption for well-positioned assets.
Within a 3-mile radius, recent years show population contraction alongside an increase in average household size, while forward-looking estimates point to population growth and a rise in total households with smaller household sizes. For investors, that combination implies a potential renter pool expansion over time, supporting occupancy stability for properties that align finishes and pricing with local income bands, according to WDSuite s CRE market data.
Neighborhood safety metrics compare favorably both locally and nationally. Crime scores place the area in the safer tier among 34 metro neighborhoods (ranked 26 out of 34) and around the top quartile nationally, according to WDSuite s CRE data. Recent year-over-year estimates indicate declines in both property and violent offense rates, reinforcing a constructive trendline rather than a single-year outlier.
As always, safety conditions can vary by block and over time, but the directional data suggests comparatively lower incident rates versus many peer neighborhoods in the region, a positive backdrop for tenant retention and leasing velocity.
This 89-unit asset, built in 1997, is newer than much of the surrounding stock, providing a competitive position against older properties while leaving room for targeted capital planning on aging systems. Neighborhood occupancy trends sit below the metro median, so execution around leasing, make-readies, and amenity-light positioning will matter; however, accessible rent levels and an owner-leaning tenure mix indicate a stable, workforce-oriented tenant base that can support steady absorption. According to CRE market data from WDSuite, neighborhood-level income and value metrics suggest ownership costs remain meaningful relative to incomes, which helps reinforce multifamily demand in this submarket.
Looking ahead, 3-mile demographics point to population growth and a rise in households alongside smaller household sizes, which can expand the renter pool and support occupancy stability. Given the rural context and limited immediate amenities, assets that deliver reliable operations, clean curb appeal, and practical in-unit upgrades are positioned to capture demand and maintain leasing momentum without overreliance on premium rent strategies.
- 1997 vintage offers competitive positioning versus older neighborhood stock with targeted upgrade potential
- Workforce pricing and near-midpoint rent-to-income dynamics support retention and measured rent growth
- 3-mile projections show population and household growth with smaller household sizes, expanding the renter base
- Ownership costs relative to incomes reinforce multifamily demand in an owner-leaning area, per WDSuite s CRE data
- Risks: below-metro occupancy rankings, amenity-light location, and the need for hands-on leasing and capital planning