| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 63rd | Best |
| Demographics | 72nd | Best |
| Amenities | 51st | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1151 N Jefferson St, Medina, OH, 44256, US |
| Region / Metro | Medina |
| Year of Construction | 1998 |
| Units | 60 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
1151 N Jefferson St Medina Multifamily Investment
Neighborhood occupancy remains firm and renter demand is supported by stable incomes, according to WDSuite’s CRE market data, positioning this Medina asset for steady leasing performance. The 60-unit scale offers operational efficiency while keeping exposure manageable for value-focused investors.
The property sits in an Inner Suburb of the Cleveland–Elyria metro that ranks 52 out of 569 neighborhoods (A rating), placing it in the top quartile among 569 metro neighborhoods. Amenity access trends favorable: cafes rank 68 of 569 (top quartile) and grocery access ranks 204 of 569 (competitive among Cleveland–Elyria neighborhoods), reinforcing daily convenience that helps retention.
Schools in the area trend above the metro median (rank 91 of 569; top quartile), a characteristic that can aid leasing to households seeking stability. Neighborhood occupancy is measured for the neighborhood, not this property, and sits above many U.S. neighborhoods by percentile, suggesting comparatively steady demand.
Within a 3-mile radius, population has inched up while households expanded faster and average household size edged lower, indicating a growing number of smaller households. This shift points to a broader renter pool and supports occupancy stability for professionally managed assets. Median contract rents in the area have risen over the last five years, and forward-looking estimates indicate continued growth; framed through commercial real estate analysis, that trend underpins potential revenue resilience if management stays disciplined on renewals and lease-ups.
Renter concentration in the neighborhood is roughly one-third of housing units as renter-occupied, which implies a primarily owner-occupied context with a defined but stable tenant base for multifamily operators. With median home values elevated relative to local incomes for many households and a rent-to-income ratio near the lower half of national readings, ownership costs tend to reinforce reliance on rental options while leaving room for measured pricing power and lease retention.
Vintage context: the property was built in 1998, newer than the neighborhood’s average vintage. Newer stock typically competes well against older assets, though investors should plan for selective system updates and modernization to maintain positioning against renovated comparables.
Safety indicators are presented at the neighborhood level and should not be interpreted as block-specific. The neighborhood performs competitively within the Cleveland–Elyria metro (crime rank 179 of 569), and national percentile readings point to comparatively safer conditions than many areas nationwide.
Property-related offenses have trended down year over year, while violent offense rates, though comparatively favorable versus many U.S. neighborhoods by percentile, showed a recent uptick. For investors, this mixed trend argues for standard security measures and attentive property management rather than heightened concern.
Proximity to diversified employers supports a broad commuter tenant base and can aid retention through job accessibility, notably across technology, energy, manufacturing, and transportation represented by Texas Instruments, FirstEnergy, Airgas, TravelCenters of America, and Goodyear.
- Texas Instruments — semiconductors (18.0 miles)
- FirstEnergy — utilities (18.5 miles) — HQ
- Airgas Merchant Gases — industrial gases (20.0 miles)
- Travelcenters Of America — travel centers & logistics (20.7 miles) — HQ
- Goodyear Tire & Rubber — tire manufacturing (21.1 miles) — HQ
1151 N Jefferson St offers scale at 60 units in a neighborhood that ranks in the top quartile within the Cleveland–Elyria metro, with amenity access and school quality that support renter appeal. Neighborhood occupancy trends sit above many U.S. areas, and within a 3-mile radius households have grown faster than population, expanding the tenant base and supporting leasing durability. According to CRE market data from WDSuite, local median rents have risen over the past five years with further gains expected, reinforcing a case for sustained cash flow if operations remain disciplined.
Built in 1998, the asset is newer than the area’s average vintage, suggesting competitive positioning versus older stock while leaving room for targeted system updates and light renovations to protect rents. The neighborhood’s primarily owner-occupied profile indicates a defined but steady renter pool; paired with homeownership costs that sustain rental reliance and a modest rent-to-income profile, operators can focus on retention and measured pricing rather than aggressive turnover strategies.
- Top-quartile neighborhood position in the Cleveland–Elyria metro supports durable demand
- 1998 vintage competes well against older stock with room for targeted upgrades
- Household growth within 3 miles expands the renter pool, aiding occupancy and renewals
- Nearby diversified employers underpin commuter demand and leasing stability
- Risk: renter concentration is modest and recent violent offense trends warrant standard security focus