| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 43rd | Best |
| Demographics | 36th | Poor |
| Amenities | 68th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 836 Pike St, Marietta, OH, 45750, US |
| Region / Metro | Marietta |
| Year of Construction | 2013 |
| Units | 24 |
| Transaction Date | 2007-11-05 |
| Transaction Price | $188,000 |
| Buyer | FIRST SETTLEMENT DEVELOPMENT LLC |
| Seller | SWAZEY INC |
836 Pike St Marietta 24-Unit Multifamily Investment
Built in 2013, this asset is materially newer than nearby stock and should compete well for tenants while keeping near-term capital needs manageable, according to WDSuite’s CRE market data. Neighborhood renter demand is supported by everyday amenities and a renter-occupied share around one-third, though local occupancy trends should be monitored.
Location fundamentals in Marietta are serviceable for workforce renters: grocery, pharmacy, and everyday retail are close by, and amenity density ranks in the top quartile among 34 metro neighborhoods, based on WDSuite’s CRE market data. Cafes and restaurants are comparatively accessible for the metro, which helps with day-to-day livability and resident retention.
The property s 2013 vintage stands out against an area average year built of 1976. Newer construction typically offers a competitive edge versus older product, while still warranting routine system upkeep and periodic common-area updates to stay current.
Within the neighborhood, the share of housing units that are renter-occupied is roughly one-third, indicating a measurable tenant base without overwhelming concentration. Neighborhood occupancy runs below national norms and has softened recently, which suggests owners should emphasize leasing velocity and resident retention to sustain stability.
Demographic statistics aggregated within a 3-mile radius show slight population slippage in recent years, but forecasts point to more households and smaller average household sizes ahead. That pattern can expand the renter pool for studios and smaller two-bedroom layouts, supporting occupancy if pricing remains aligned with local incomes.
On the ownership side, home values are modest in absolute terms, yet the value-to-income relationship is elevated for the metro (top quartile nationally). That dynamic can reinforce reliance on multifamily housing and support pricing power, while still requiring careful lease management where rent-to-income is tighter.
Schools rate below national averages, which doesn t preclude steady demand but may tilt appeal toward adult households and workforce renters rather than family-heavy tenancy.
Safety indicators compare favorably at the national level: this neighborhood sits in the top quartile nationwide for lower violent and property offense rates, per WDSuite. Recent trends are mixed — property offenses show a notable year-over-year improvement, while violent incidents ticked up — so investors should track trajectory alongside standard property-level security measures.
Compared with other areas in the Marietta, OH metro, the neighborhood is competitive on safety and benefits from its small-area, rural context. As always, evaluate block-by-block conditions during site visits and align operating practices with observed patterns.
This 24-unit property s 2013 construction provides a meaningful competitive advantage versus predominantly older local stock, reducing near-term capital expenditure pressure while remaining attractive to renters seeking newer finishes and systems. According to CRE market data from WDSuite, neighborhood amenities are comparatively strong for the metro, and the renter-occupied share near one-third supports a stable, if measured, tenant base. Ownership costs relative to income are elevated for the metro, which can sustain multifamily demand, though neighborhood occupancy trends argue for disciplined leasing and renewals.
Within a 3-mile radius, recent population drift has been modest, and projections indicate more households with smaller sizes ahead — a setup that can widen the renter pool for smaller floor plans if rents track local incomes. Operators should balance pricing with value, emphasize resident services, and plan routine updates to preserve the vintage advantage.
- 2013 vintage vs. older area stock reduces near-term capex and boosts competitiveness
- Amenity access ranks in the top quartile among 34 metro neighborhoods, supporting retention
- Renter-occupied share around one-third indicates a credible tenant base without oversupply
- Elevated ownership costs relative to income can reinforce reliance on rentals and pricing power
- Risk: Neighborhood occupancy has softened; prioritize leasing velocity and renewals to maintain stability