| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 38th | Good |
| Demographics | 68th | Best |
| Amenities | 0th | Poor |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 101 E Columbus Rd, South Charleston, OH, 45368, US |
| Region / Metro | South Charleston |
| Year of Construction | 1979 |
| Units | 51 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
101 E Columbus Rd South Charleston Multifamily Investment
Neighborhood occupancy trends are above the Springfield metro median, supporting stable leasing conditions, according to WDSuite’s CRE market data. Renter-occupied housing is a meaningful share locally, indicating a viable tenant base for a 51-unit asset.
The property sits in a rural pocket of South Charleston within the Springfield, OH metro, where day-to-day amenities are limited in the immediate vicinity. That scarcity can concentrate demand around established housing nodes, while residents typically commute to larger employment centers for services and jobs.
On livability indicators, the neighborhood posts an A- rating and sits 14th out of 56 Springfield neighborhoods, placing it above the metro median. Average school ratings are in the top quartile nationally and competitive within the metro (rank 2 of 56), a factor that can support resident retention for family-oriented renters. Amenity density (cafes, grocery, restaurants, parks) is low locally, consistent with the area’s rural profile.
Vintage matters for competitiveness: much of the area’s housing stock averages from the mid-1960s, while this property was built in 1979, making it newer than local norms. That positioning can reduce near-term capital surprises relative to older stock, though systems from this era may still benefit from targeted modernization or value-add upgrades.
Tenure patterns point to a serviceable renter pool. Within the neighborhood, the share of housing units that are renter-occupied is meaningful, and within a 3-mile radius renters account for roughly one-third of occupied units—together indicating depth for multifamily demand and supporting occupancy stability when paired with above-median neighborhood occupancy. In the 3-mile area, households have grown even as population edged down, signaling smaller household sizes and a broader base of households that can sustain apartment demand.
Housing costs are relatively accessible versus many U.S. markets. Home values in the neighborhood are modest in national context, which can introduce some competition from entry-level ownership. At the same time, low rent-to-income ratios locally suggest manageable affordability pressure for renters—supportive of lease retention and measured pricing power as operators balance renewal strategies with value delivery.
Safety signals are mixed but generally favorable in broader context. Violent offense rates benchmark well compared to neighborhoods nationwide (high national percentile), and recent trend data shows improvement year over year. At the metro level, safety metrics are competitive among the 56 Springfield neighborhoods, indicating performance better than many local peers.
Property-related incidents, however, show a recent year-over-year uptick in the data. Investors should underwrite with prudent security and lighting plans and monitor trends quarter to quarter rather than relying on a single-year change. Overall, the area’s positioning appears above national norms for safety while warranting continued operational attention to property crime.
Proximity to regional employers supports commuter demand and lease stability, with access to logistics, waste services, retail headquarters, and diversified corporate offices that draw a steady workforce from surrounding counties.
- Waste Management — waste services (12.8 miles)
- Staples Fulfillment Center — logistics & fulfillment (13.4 miles)
- Big Lots — retail HQ/office (29.3 miles) — HQ
- Parker-Hannifin Corporation — industrial & engineering offices (31.2 miles)
- Cardinal Health — healthcare distribution & corporate offices (33.2 miles)
This 51-unit, 1979-vintage asset offers durable demand drivers in a rural Springfield-metro setting. Neighborhood occupancy trends track above the metro median and benchmark well nationally, supporting an argument for steady leasing. The property’s vintage is newer than the area’s typical 1960s housing stock, suggesting relative competitiveness versus older buildings, while selective system updates and interior refreshes can unlock value-add potential.
Within a 3-mile radius, households have increased and are projected to keep growing, expanding the renter pool even as average household size shifts. Homeownership remains attainable relative to national levels, which can create some competition; however, low rent-to-income ratios locally point to manageable affordability pressure and potential room for disciplined rent optimization. According to CRE market data from WDSuite, school quality and safety benchmarks provide additional support for retention, while limited nearby amenities imply the asset will compete on functional value, management quality, and commute access.
- Above-median neighborhood occupancy supports stable leasing fundamentals
- 1979 construction newer than local stock, with targeted value-add upside
- 3-mile household growth and income gains expand the renter base
- Low rent-to-income dynamics support retention and measured pricing power
- Risks: limited amenities, recent property-crime uptick, and ownership competition in a modest-cost market