| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 24th | Poor |
| Demographics | 42nd | Poor |
| Amenities | 31st | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 608 Stinchcomb Dr, Fostoria, OH, 44830, US |
| Region / Metro | Fostoria |
| Year of Construction | 1980 |
| Units | 28 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
608 Stinchcomb Dr, Fostoria OH Multifamily Investment
Renter-occupied housing within a 3-mile radius sits at roughly one-third of units, supporting a stable tenant base at attainable rents, according to WDSuite s CRE market data. With a 28-unit scale, the asset offers operational efficiency in a low-cost ownership market that rewards disciplined leasing and expense control.
The property is in a rural pocket of the Findlay, OH metro where day-to-day convenience is serviceable rather than destination-driven. Childcare and pharmacy access score competitively among Findlay neighborhoods (both above the metro median, with pharmacy availability in the top quartile nationally), while retail, cafes, groceries, and parks are sparser locally. For investors, this translates to workforce-oriented demand and a resident base that prioritizes value, parking, and straightforward commutes over lifestyle retail.
Neighborhood rents benchmark below national norms, which can aid leasing velocity and retention but may temper near-term pricing power. The neighborhood s housing occupancy trend has been softer in recent years, suggesting hands-on leasing and renewals will matter; however, rent-to-income metrics indicate relatively low affordability pressure, which supports lease stability for well-managed assets.
Within a 3-mile radius, demographics are diversified across age cohorts and show modest population change alongside an increase in total households over the forecast period. That mix points to smaller household sizes and a broader renter pool, which typically supports occupancy stability and steady absorption for functional units.
Vintage matters for competitive positioning: built in 1980, the asset is newer than the neighborhood s average housing stock from the mid-1960s. That relative vintage advantage can reduce near-term obsolescence risk versus older comparables, while still warranting targeted system updates and common-area refreshes to meet renter expectations.
Safety indicators benchmark favorably at the national level op quartile nationally compared with neighborhoods across the country and recent data show year-over-year declines in both property and violent offense rates. While conditions can vary by block and over time, the broader trend profile is constructive for renter retention and long-term operations.
Proximity to regional employers underpins workforce demand and reduces commute friction, with energy, advanced materials, and auto-related firms anchoring the area s employment base.
- Marathon Petroleum energy refining (14.3 miles) HQ
- Owens-Illinois glass packaging (27.3 miles) HQ
- Dana auto parts (30.8 miles)
- Dana Holding auto parts (30.9 miles) HQ
- Owens Corning building materials (33.6 miles) HQ
608 Stinchcomb Dr combines a manageable 28-unit scale with a 1980 vintage that is newer than much of the surrounding housing stock, offering a practical blend of operational efficiency and value-add potential. According to commercial real estate analysis from WDSuite, neighborhood rents sit below national norms, helping support occupancy and renewals when paired with disciplined leasing. Household counts within a 3-mile radius are projected to rise even as population trends soften, indicating smaller household sizes and a broader tenant base over time a constructive backdrop for steady demand.
Investors should plan for selective capital to keep interiors and building systems competitive while leveraging affordability and proximity to regional employers. The rural location and more limited amenity fabric argue for conservative underwriting and active property management, yet the combination of attainable rents, expanding households, and a workforce employment base supports a durable leasing story.
- 1980 vintage offers relative competitiveness versus older local stock, with targeted upgrades to enhance positioning
- Attainable rents support leasing velocity and renewal rates for value-focused tenants
- 3-mile household growth and smaller household sizes point to a broader renter pool and occupancy stability
- Regional employers in energy, materials, and auto parts bolster workforce housing demand
- Risks: rural setting, limited nearby amenities, and competitive pressure from accessible ownership options