| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 61st | Best |
| Demographics | 56th | Best |
| Amenities | 56th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 13710 Della Dr, Athens, OH, 45701, US |
| Region / Metro | Athens |
| Year of Construction | 2007 |
| Units | 40 |
| Transaction Date | 2025-03-18 |
| Transaction Price | $2,453,600 |
| Buyer | PC BEAUMONT GREENE LIMITED PARTNERSHIP |
| Seller | BEAUMONT GREENE LLC |
13710 Della Dr Athens 40-Unit Multifamily
Neighborhood fundamentals point to stable renter demand and above-metro occupancy conditions, according to WDSuite’s CRE market data, with a 2007 vintage offering competitive positioning versus older local stock.
The property sits in an A+ rated suburban neighborhood that ranks 1st among 31 Athens metro neighborhoods, indicating strong local livability and investment appeal. Amenity access is competitive among Athens neighborhoods, with cafes, groceries, restaurants, and parks available at levels above the metro median, supporting day-to-day convenience and tenant retention.
With an average neighborhood construction year around the late 1970s, a 2007-built asset is newer than much of the competing stock, which can reduce near-term capital needs while improving leasing competitiveness; investors should still plan for system updates typical of mid-2000s buildings over a hold.
According to CRE market data from WDSuite, neighborhood occupancy performance is at the top of the metro, reinforcing expectations for leasing stability. Within a 3-mile radius, approximately four-in-ten housing units are renter-occupied, indicating a meaningful renter concentration and a broad tenant base for multifamily.
Ownership costs are elevated relative to local incomes (value-to-income ratio ranks in the top quartile nationally), which can sustain reliance on rental housing and support lease retention. Rent-to-income levels in the neighborhood are moderate, suggesting manageable affordability pressure and stable collections, though pricing power may be measured rather than outsized.
Demographic statistics aggregated within a 3-mile radius show recent population and household growth, expanding the near-term renter pool. Forward-looking projections indicate a potential population dip alongside continued household increases and smaller household sizes, a pattern that can still support multifamily demand through more households seeking rental options.
Safety indicators compare favorably: the neighborhood’s crime rank places it above the metro median (22nd of 31, where higher rank indicates comparatively lower crime), and it scores in the 66th percentile for safety versus neighborhoods nationwide. Recent trend data also points to improvement, with both property and violent offense rates declining year over year.
The broader commuting region includes established employers that contribute to regional job stability and support renter demand; nearby representation includes packaged foods manufacturing.
- General Mills — packaged foods (31.9 miles)
This 40-unit, 2007-vintage asset benefits from top-of-metro neighborhood occupancy and a solid amenity footprint, supporting leasing stability and retention. Based on commercial real estate analysis from WDSuite, newer construction relative to the area’s older stock enhances competitive positioning while keeping capital planning focused on targeted system upgrades and resident-facing refreshes.
Investor demand is underpinned by a meaningful renter concentration within a 3-mile radius and ownership costs that lean high relative to incomes, reinforcing reliance on rental housing. Near-term demographics show growth in both population and households, while projections suggest household increases even as population may edge lower, implying a stable or expanding tenant base through smaller household sizes. Primary risks include measured pricing power and a thinner bench of major employers in the immediate vicinity, which places more weight on neighborhood quality and management execution.
- Top-ranked neighborhood in the Athens metro with strong amenity access supports tenant retention
- 2007-vintage asset competes well versus older local stock, with focused capital planning
- Renter concentration and elevated ownership costs sustain depth of demand and occupancy stability
- Demographic backdrop: recent growth and projected household increases bolster the tenant base
- Risks: pricing power likely moderate; limited nearby major employers heighten emphasis on operations