| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 39th | Best |
| Demographics | 24th | Poor |
| Amenities | 31st | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 813 Columbus Ave, Fostoria, OH, 44830, US |
| Region / Metro | Fostoria |
| Year of Construction | 2002 |
| Units | 20 |
| Transaction Date | 2000-11-15 |
| Transaction Price | $95,000 |
| Buyer | GOOD SHEPHERD HOME |
| Seller | HARTLEY JACKIE LEE |
813 Columbus Ave Fostoria Multifamily Investment
Neighborhood occupancy is resilient and renter demand is supported by a moderate renter-occupied share and accessible rents, according to WDSuite’s CRE market data. The asset’s newer vintage within the local stock points to competitive positioning with room for targeted value-add.
Located in Fostoria within the Tiffin, OH metro, the neighborhood is rated A- and ranks 6th out of 30 metro neighborhoods, placing it in the top quartile among the local set. Occupancy in the neighborhood is strong and above national medians (94.7% with upward movement over five years), which supports income stability for multifamily investors.
The renter-occupied share in the neighborhood is about 30%, indicating a moderate renter concentration and a viable tenant base for a 20-unit property. National percentile signals also suggest manageable affordability pressures for residents (low rent-to-income ratios), which can aid retention and steady leasing, based on CRE market data from WDSuite.
Amenity access is mixed: cafes trend stronger than many peers (nationally above the 70th percentile), parks are competitive (mid‑60s percentile), and groceries are around the national middle. Restaurants, childcare, and pharmacies are thinner locally, which may modestly affect lifestyle convenience but often aligns with workforce housing dynamics in smaller Ohio markets.
Within a 3‑mile radius, recent demographics show slight population softening historically with smaller household size trending, followed by forecasts that point to household growth and a larger renter pool over the next five years. For investors, this implies near-term demand stability with potential for incremental absorption and steady occupancy rather than outsized rent growth.
Construction patterns matter: the average neighborhood vintage skews older (late 1960s), while this property was built in 2002. The newer vintage relative to local stock offers competitive positioning against older assets; however, two-decade-old systems may still warrant selective modernization to sustain rentability and reduce long-run capital risk.
Comparable neighborhood safety metrics were not available in the current dataset for this location. Investors should benchmark any third-party crime data against other Tiffin, OH metro neighborhoods for context and focus on multi-year trends rather than single-year snapshots to assess relative risk and tenant perception.
Regional employment is anchored by nearby corporate headquarters and advanced manufacturing nodes that broaden the commuter base and support renter retention, including Marathon Petroleum, Owens‑Illinois, Dana, Dana Holding, and Owens Corning.
- Marathon Petroleum — energy HQ (15.2 miles) — HQ
- Owens-Illinois — glass packaging (29.4 miles) — HQ
- Dana — driveline & components (32.9 miles)
- Dana Holding — driveline & components (32.9 miles) — HQ
- Owens Corning — building materials (35.3 miles) — HQ
Built in 2002, this 20‑unit asset is newer than much of the surrounding housing stock, offering competitive positioning versus older properties while still benefiting from selective value‑add potential as systems age. Neighborhood occupancy is solid and trending positively, and the renter‑occupied share around one‑third supports a stable tenant base. According to CRE market data from WDSuite, low rent‑to‑income levels indicate limited affordability pressure, which can aid retention and predictable collections.
Macro context is steady rather than aggressive: amenities are serviceable for a workforce market, and 3‑mile demographics point to expanding households and a gradually larger renter pool in forward views. Counterbalancing this, elevated homeownership accessibility in the area can create some competition with entry‑level ownership, suggesting an emphasis on operational execution and value‑oriented positioning.
- Newer 2002 vintage relative to local stock enhances competitiveness with targeted modernization upside
- Strong neighborhood occupancy and moderate renter concentration support leasing stability
- Low rent-to-income dynamics indicate manageable affordability pressure and potential retention benefits
- 3-mile outlook suggests household growth, reinforcing demand for multifamily units over time
- Risk: Accessible ownership options may cap pricing power; focus on value positioning and operating efficiency