| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 45th | Good |
| Demographics | 44th | Fair |
| Amenities | 23rd | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 25031 Columbus Rd, Bedford, OH, 44146, US |
| Region / Metro | Bedford |
| Year of Construction | 2013 |
| Units | 44 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
25031 Columbus Rd Bedford — Newer 44-Unit Multifamily
Neighborhood occupancy is strong with a deep renter base, according to WDSuite's CRE market data, supporting steady leasing fundamentals for professionally managed assets.
Located in Bedford, Cuyahoga County, the asset sits in a neighborhood with high occupancy; the area’s occupancy level is in the top quartile nationally, based on WDSuite. A high share of renter-occupied housing at the neighborhood level points to a sizable tenant base and generally stable demand for multifamily operators.
The property’s 2013 construction is newer than much of the local housing stock (average vintage around 1970). That positioning typically improves competitiveness versus older inventory, though investors should plan for mid-life capital items and selective modernization during the hold.
Local convenience is mixed: access to restaurants and groceries trends above national medians (mid-60s percentiles), and cafes are comparatively plentiful (low-80s percentile). Parks and pharmacies are limited within the immediate neighborhood, which can modestly affect convenience. Average school ratings score below many metro peers, an important consideration for family-oriented leasing strategies.
Within a 3-mile radius, population has edged up and households have grown faster, expanding the potential renter pool. WDSuite’s commercial real estate analysis indicates additional household growth through 2028, which typically supports occupancy stability and a broader tenant base. Neighborhood rents have risen over the past five years, while rent-to-income levels remain manageable, suggesting room for disciplined revenue management with attention to retention.
Home values at the neighborhood level are low relative to national benchmarks, creating a more accessible ownership market. Even so, the neighborhood’s high renter concentration supports multifamily demand; the investor takeaway is to pair prudent pricing with resident experience to sustain renewals amid potential competition from entry-level ownership.
Safety indicators are mixed versus regional and national comparisons. The neighborhood’s crime rank is in the lower half among 569 Cleveland–Elyria metro neighborhoods, and its national standing is below average. Even so, WDSuite data shows a notable year-over-year decline in property offenses, a constructive trend to monitor.
Underwriting should incorporate standard precautions—property lighting, access control, and resident engagement—given that violent incident measures trail national norms, while recent improvement in property-related categories is a positive directional signal.
Nearby employment combines logistics and major corporate offices that support renter demand and commute convenience, specifically Home Depot distribution, Norfolk Southern rail operations, Airgas, and headquarters nodes for Parker-Hannifin and Progressive.
- Home Depot Distribution Center — logistics & distribution (2.4 miles)
- Norfolk Southern Motor Yard — rail logistics (4.7 miles)
- Airgas Merchant Gases — industrial gases (7.4 miles)
- Parker-Hannifin — diversified manufacturing (7.5 miles) — HQ
- Progressive — insurance (9.6 miles) — HQ
This 44-unit asset, built in 2013, is positioned to compete well against older neighborhood stock while allowing for selective value-add and mid-life capital planning. Neighborhood occupancy tracks in the top quartile nationally and renter concentration is high, supporting demand depth and potential leasing stability. According to CRE market data from WDSuite, households within a 3-mile radius are expected to grow through 2028, broadening the tenant base and reinforcing steady operations when rents are aligned with local affordability.
Balanced against these positives are measured risks: below-metro school ratings, mixed safety standing despite recent improvement in property-related offenses, and relatively low home values that can increase competition from ownership options. Prudent underwriting—focused on retention, security, and targeted upgrades—can help capture durable cash flow while preserving downside protection.
- 2013 vintage enhances competitiveness versus older local stock; plan for mid-life CapEx.
- High renter concentration and top-quartile neighborhood occupancy support leasing durability.
- 3-mile household growth outlook underpins tenant base expansion and steady operations.
- Proximity to logistics and corporate HQs supports retention and leasing velocity.
- Risks: lower school ratings, mixed safety metrics, and competition from accessible ownership.