| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 52nd | Best |
| Demographics | 63rd | Best |
| Amenities | 38th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1782 Gasche St, Wooster, OH, 44691, US |
| Region / Metro | Wooster |
| Year of Construction | 1979 |
| Units | 24 |
| Transaction Date | 2013-05-01 |
| Transaction Price | $500,000 |
| Buyer | COBLENTZ PAUL |
| Seller | AT HOME PROPERTIES LLC |
1782 Gasche St, Wooster OH — 24-Unit Multifamily
Neighborhood occupancy has trended steady and renter-occupied housing accounts for a meaningful share of units, according to WDSuite’s CRE market data, pointing to a tenant base that supports leasing stability at the submarket level.
The property sits in an Inner Suburb neighborhood rated A and ranked 4th among 50 Wooster metro neighborhoods, placing it in the top quartile locally for overall fundamentals, based on CRE market data from WDSuite. Neighborhood occupancy is in line with metro norms and the renter-occupied share of housing units is elevated, suggesting a deeper pool of prospective tenants and stable renewal potential at the neighborhood level.
Daily-needs access is a relative strength: grocery and pharmacy availability rank near the top among 50 metro neighborhoods, and both land above the national midpoint. By contrast, park space, cafés, and childcare density are limited in the immediate area, which may modestly reduce lifestyle appeal for some residents but has not historically undermined renter demand in workforce-oriented corridors.
Rents in the neighborhood are positioned around the national middle, while the rent-to-income ratio sits comfortably below common stress thresholds. For investors, this combination tilts toward retention and measured pricing power rather than aggressive rent lifts. Median home values track near the national midpoint and the local value-to-income ratio is moderate, implying some competition from ownership options; underwriting should assume steady demand, with concessions and renewal strategies calibrated to maintain occupancy.
Vintage context matters. The average neighborhood construction year is 1967, and the subject’s 1979 build is newer than much of the surrounding stock. That positioning typically supports competitiveness versus older assets, though investors should still plan for system updates and modernization to meet current renter expectations.
Demographic statistics aggregated within a 3-mile radius indicate modest population growth historically with a projected increase in households over the next five years. A larger household base generally expands the renter pool and supports occupancy stability, even if household sizes shift over time.
Comparable, neighborhood-level crime benchmarks are not available in this dataset. Investors should evaluate city and county trend reports alongside property-level history and insurance loss runs to contextualize safety and potential operating impacts.
Nearby employment is anchored by manufacturing, consumer goods, utilities, and insurance offices, supporting workforce demand and commute convenience for renters in this submarket.
- International Paper Company — manufacturing (1.1 miles)
- J.M. Smucker — consumer goods (9.0 miles) — HQ
- Erie Insurance Group — insurance (25.9 miles)
- FirstEnergy — utilities (28.1 miles) — HQ
- Goodyear Tire & Rubber — manufacturing (28.8 miles) — HQ
1782 Gasche St offers a 24-unit footprint in an A-rated Inner Suburb neighborhood that ranks 4th of 50 locally, indicating competitive fundamentals among Wooster submarkets. Neighborhood occupancy sits near the metro norm, and a higher renter-occupied share of housing units deepens the tenant base. Daily-needs access (strong groceries and pharmacies) complements a workforce profile, while moderate home values and a low rent-to-income ratio favor retention over outsized rent growth. According to CRE market data from WDSuite, neighborhood income performance trends land above the national midpoint, reinforcing stable operations rather than volatility.
Built in 1979, the asset is newer than much of the surrounding housing stock (average 1967), which supports relative competitiveness versus older properties; capital plans should still budget for building-system updates and strategic renovations. Demographic data within a 3-mile radius points to an expanding household base over the next five years, which typically supports occupancy stability and leasing velocity. Key risks include limited nearby parks and cafés and potential competition from homeownership; prudent lease management and targeted upgrades can help sustain demand and renewal rates.
- A-rated neighborhood, ranked 4th of 50 — competitive among Wooster areas
- Renter-occupied share supports a deeper tenant base and steady renewals
- Daily-needs access (groceries, pharmacies) aligns with workforce demand
- 1979 vintage is newer than neighborhood average, with modernization upside
- Risks: limited parks/cafés nearby and competition from ownership options