| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 52nd | Best |
| Demographics | 63rd | Best |
| Amenities | 38th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1801 Gasche St, Wooster, OH, 44691, US |
| Region / Metro | Wooster |
| Year of Construction | 1972 |
| Units | 50 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
1801 Gasche St, Wooster OH Multifamily Investment
Stabilized renter demand in this inner-suburb location is supported by strong neighborhood grocery and pharmacy access and a high renter-occupied share, according to WDSuite’s CRE market data. Occupancy in the neighborhood has trended upward, reinforcing a steady leasing backdrop for small-unit assets.
The property sits in an A-rated Inner Suburb neighborhood that ranks 4 out of 50 within the Wooster metro, placing it firmly among the metro’s top tier for overall fundamentals. Neighborhood occupancy is healthy and has improved over the last five years, supporting lease stability for value-focused multifamily operators.
Access to daily-needs retail is a relative strength: the neighborhood ranks 1st of 50 for grocery access and 2nd of 50 for pharmacies, both in the mid‑80s national percentiles. This convenience tends to aid retention and reduce friction in leasing, even as parks, cafes, and childcare options are limited locally.
Renter-occupied housing is elevated for the neighborhood, ranking 3rd of 50 and in a high national percentile, indicating a deep tenant base for multifamily. Median rents sit against incomes at a modest rent-to-income ratio, which helps mitigate affordability pressure and can support collections and renewals.
Within a 3-mile radius, demographics point to gradual population growth historically with a projected expansion in households over the next five years. This suggests a larger renter pool over time and underpins occupancy stability for well-managed properties.
Built in 1972, the asset is slightly newer than the neighborhood’s average vintage, which can provide competitive positioning versus older stock. Investors should still anticipate targeted modernization and systems updates to meet contemporary renter expectations and to capture value-add upside.
Neighborhood-level crime metrics are not published in WDSuite’s dataset for this location. Investors typically benchmark safety using city and metro trend reports, property-level incident history, and insurer loss runs to assess operational risk over time.
Nearby employers span manufacturing, consumer goods, utilities, and insurance—supporting a diversified employment base that can feed renter demand and shorten commutes for residents at this address. The list below highlights notable corporate offices within commuting distance.
- International Paper Company — manufacturing offices (1.1 miles)
- J.M. Smucker — food & consumer products (8.9 miles) — HQ
- Erie Insurance Group — insurance (25.8 miles)
- FirstEnergy — utilities (28.0 miles) — HQ
- Goodyear Tire & Rubber — tire & rubber (28.7 miles) — HQ
This 50‑unit, small‑format asset benefits from a top‑tier Wooster neighborhood rank, improving neighborhood occupancy, and strong daily-needs accessibility that supports tenant retention. The neighborhood’s high renter-occupied share indicates durable multifamily demand, while a modest rent-to-income profile suggests manageable affordability pressure and potential for steady collections.
Built in 1972, the property is slightly newer than the area’s average vintage, offering competitive positioning against older stock while leaving room for targeted renovations. Looking ahead, 3‑mile radius demographics point to population growth and an increase in households, expanding the local renter pool; according to CRE market data from WDSuite, these trends align with stable leasing conditions for well-managed properties.
- Top-tier neighborhood rank within the Wooster metro supports leasing fundamentals
- Improving neighborhood occupancy and elevated renter-occupied share bolster demand depth
- Strong grocery and pharmacy access aids retention and day-to-day livability
- 1972 vintage offers competitive positioning with value-add upgrade potential
- Risks: limited parks/cafes locally and typical capex needs for a 1970s asset may affect positioning and budgets