| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 51st | Best |
| Demographics | 33rd | Fair |
| Amenities | 65th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 85 N Court St, Athens, OH, 45701, US |
| Region / Metro | Athens |
| Year of Construction | 1992 |
| Units | 27 |
| Transaction Date | 1988-06-01 |
| Transaction Price | $184,500 |
| Buyer | --- |
| Seller | --- |
85 N Court St Athens Multifamily Investment in Urban Core
Neighborhood renter concentration is high and supports a durable tenant base, according to WDSuite s CRE market data, while proximity to daily needs in Athens s core reinforces leasing convenience.
Located on N Court St in the Urban Core of Athens, the property sits in a neighborhood rated A and ranked 3 out of 31 metro neighborhoods, indicating competitive positioning among Athens subareas. Dense daily-needs access stands out: grocery, parks, pharmacies, and restaurants are each ranked near the top locally (ranks 1 –2 of 31) and in top national percentiles, contributing to walkable convenience that can aid retention for multifamily assets.
The neighborhood s housing stock is older on average (typical construction year 1928; rank 28 of 31, low national percentile). With a 1992 vintage, this asset is newer than much of the nearby inventory a relative advantage for leasing appeal. Investors should still evaluate systems and interior specs for modernization to remain competitive, but the vintage differential can temper near-term capital intensity versus pre-war stock.
Tenure patterns favor multifamily demand: the neighborhood s share of renter-occupied housing units is high (rank 3 of 31; top national percentile), and within a 3-mile radius, approximately two-thirds of housing units are renter-occupied. This depth of renters supports a broad tenant funnel and can help stabilize occupancy through cycles.
Demographics within a 3-mile radius skew toward younger adults, with recent population softening but an outlook that shows a larger household count and smaller household sizes by the forecast horizon. A growing household base alongside smaller households typically expands the renter pool and supports lease-up and turnover re-leasing, even if overall population growth is modest.
Ownership costs in the neighborhood trend elevated relative to incomes (value-to-income ratio at a high national percentile), which generally reinforces reliance on rental options. Rent-to-income ratios trend higher locally, suggesting some affordability pressure useful for lease management and renewal strategies but paired with strong amenity access and high renter concentration, the market context still supports consistent demand for well-managed units.
Safety indicators compare favorably in a national context while remaining mixed within the metro. The neighborhood s crime rank sits in the lower half of Athens (rank 12 of 31), yet national percentiles for violent and property incidents are in the mid-to-upper range (safer than many neighborhoods nationwide). Recent year-over-year declines in both violent and property offense estimates signal improving trends based on WDSuite s compiled data.
For investors, this translates to a setting that is competitive among Athens neighborhoods with positive momentum, supporting marketing and retention without relying on block-level claims. Continued monitoring of local trends remains prudent.
Regional employment access includes established corporate offices that broaden the renter base within commuting range. Notable nearby employer:
- General Mills consumer goods (28.7 miles)
The 27-unit asset at 85 N Court St benefits from a high concentration of renter-occupied housing locally and strong daily-needs access (top local ranks for groceries, parks, pharmacies, and restaurants). According to CRE market data from WDSuite, the neighborhood s Urban Core location offers stable renter demand, and the 1992 construction is newer than much of the surrounding stock a relative competitive edge that can reduce immediate capital intensity while still leaving room for thoughtful renovations to drive rent positioning.
Within a 3-mile radius, the outlook points to more households and smaller household sizes over time, which typically supports a larger tenant base and steady absorption. Elevated ownership costs relative to incomes reinforce reliance on multifamily housing, though higher rent-to-income levels warrant active lease management to maintain retention and minimize concessions if conditions soften.
- Urban Core location with top-tier daily-needs access supports resident retention and leasing velocity.
- 1992 vintage is newer than much of the neighborhood stock, offering competitive positioning with selective value-add upside.
- High renter-occupied share locally and expected growth in households within 3 miles expand the tenant funnel.
- Elevated ownership costs sustain multifamily demand; manage affordability pressure to preserve renewals and occupancy.
- Risk: neighborhood occupancy and demographic softness require disciplined operations and ongoing monitoring of submarket trends.