| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 51st | Best |
| Demographics | 37th | Fair |
| Amenities | 0th | Poor |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 26935 State Route 7, Marietta, OH, 45750, US |
| Region / Metro | Marietta |
| Year of Construction | 1983 |
| Units | 25 |
| Transaction Date | 1998-09-17 |
| Transaction Price | $477,300 |
| Buyer | CEDAR BARK LLC |
| Seller | --- |
26935 State Route 7, Marietta, OH Multifamily Investment
Neighborhood data points to steady workforce housing demand at a manageable rent-to-income profile, according to WDSuite’s CRE market data, positioning this 25-unit asset for practical rent management and tenant retention in a rural setting.
The property sits in a Rural neighborhood of Marietta where day-to-day services and retail are limited locally, so residents typically rely on broader Marietta for amenities. Neighborhood rents trend on the lower side versus national benchmarks, which can support lease retention for value-oriented renters and offers investors room for pragmatic renovations rather than premium repositioning.
Neighborhood standing is B- with the area ranked 19 out of 34 within the Marietta metro, indicating performance around the metro median. Occupancy for the neighborhood has been softer recently compared with stronger submarkets, suggesting the need for active leasing and renewal strategies to sustain property-level stability. Median home values in the area sit below national averages, which can introduce some competition from ownership options, but also helps sustain renter reliance on multifamily housing where flexibility and lower upfront costs matter.
Construction in the neighborhood averages 1987. With a 1983 vintage, this asset is modestly older than the area norm, signaling potential capital needs for systems and interiors. That said, selective value-add can help compete with nearby stock from the late 1980s while staying aligned with attainable rent bands identified through multifamily property research.
Within a 3-mile radius, population has edged down in recent years while average household size has increased, and projections point to growth in household counts alongside smaller household sizes. For investors, this implies a gradual renter pool expansion and more one- and two-person households entering the market, which can support occupancy stability at attainable rent levels.
Safety indicators for the neighborhood compare favorably at the national level, with both violent and property offense measures in higher national percentiles (safer versus many neighborhoods nationwide). Within the Marietta metro, recent year-over-year trends show meaningful declines across both categories, placing the area above metro average on direction and supporting renter perception and retention.
This 1983, 25-unit asset offers attainable-rent exposure in a Rural Marietta location. Neighborhood data shows rents below national medians and a rent-to-income profile supportive of retention and disciplined pricing. According to CRE market data from WDSuite, neighborhood safety has improved year over year and sits above national averages, which helps leasing and renewal narratives. The vintage suggests room for targeted value-add to enhance competitiveness versus late-1980s stock without overreaching on premiums.
Looking ahead, the 3-mile radius points to an increase in household counts even as household sizes trend smaller, which can expand the renter base for well-managed, right-sized units. Balanced against this are rural amenity limitations and softer neighborhood occupancy trends, reinforcing the need for proactive management and measured capital plans.
- Attainable-rent positioning supports tenant retention and steady leasing
- 1983 vintage with targeted value-add potential to improve competitiveness
- Safety metrics trend favorable nationally, aiding renter confidence
- 3-mile household growth and smaller household sizes point to a broader renter base
- Risks: rural amenity depth and softer neighborhood occupancy require active leasing and prudent capex