| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 42nd | Poor |
| Demographics | 40th | Fair |
| Amenities | 0th | Poor |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 200 Center St, Ashley, OH, 43003, US |
| Region / Metro | Ashley |
| Year of Construction | 1989 |
| Units | 72 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
200 Center St, Ashley OH Multifamily Investment
Positioned in suburban Delaware County, this 72-unit asset benefits from a renter-occupied housing base that is competitive within the Columbus metro and a 1989 vintage that outpaces older neighborhood stock, according to WDSuite’s CRE market data from ongoing commercial real estate analysis.
Livability is suburban and car-oriented. Local walkable amenity density ranks near the bottom among 580 Columbus neighborhoods (cafes, groceries, restaurants, parks, and pharmacies are sparse), so residents typically rely on short drives for daily needs. For investors, this supports a workforce housing positioning rather than a lifestyle/retail adjacency thesis.
Schools in the surrounding area average roughly mid-to-above metro standing, with the neighborhood’s school rating performance landing in the top quartile among 580 Columbus neighborhoods. This schooling backdrop can aid family retention and stabilize turnover relative to purely entry-level submarkets.
Rents in the neighborhood track below many Columbus peers, which can translate to an affordability edge and steady leasing velocity in price-sensitive cohorts. Neighborhood occupancy trends sit below the metro median, suggesting that disciplined leasing and asset management will matter for sustaining stability; however, the renter-occupied share is competitive among Columbus neighborhoods (and in a high national percentile), indicating a meaningful tenant base for multifamily.
Within a 3-mile radius, household counts have grown recently and are expected to expand further, even as average household size trends smaller. This points to more households and a broader renter pool over time, which typically supports occupancy stability and incremental pricing power. Based on CRE market data from WDSuite, ownership costs locally are moderate by national standards, which can create some competition from entry-level ownership while still sustaining demand for rental options.
Comparable, property-level crime metrics are not available for this neighborhood in WDSuite at this time. Investors commonly benchmark safety by reviewing broader county and metro trends and validating with insurance quotes and local law enforcement reports rather than relying on block-level indicators.
Given the suburban context, a prudent approach is to compare recent trendlines to regional averages and focus on on-site measures (lighting, access control, resident screening) as standard risk management practices.
Regional employers within commuting distance include Cardinal Health, Fuse by Cardinal Health, Parker-Hannifin, L Brands, and Wesco Distribution. Their presence supports a diversified employment base that can feed renter demand and aid retention for workforce-oriented units.
- Cardinal Health — healthcare distribution (22.5 miles) — HQ
- Fuse by Cardinal Health — healthcare tech/innovation (22.8 miles)
- Parker-Hannifin Corporation — industrial/manufacturing (23.5 miles)
- L Brands — retail/apparel (24.9 miles) — HQ
- Wesco Distribution — industrial distribution (27.4 miles)
Built in 1989, the property is newer than much of the surrounding housing stock, positioning it competitively versus older assets while still offering potential modernization or value-add opportunities to enhance finishes and systems. The neighborhood’s renter concentration is competitive within the Columbus metro and strong nationally, providing depth to the tenant base even as neighborhood occupancy trends sit below the metro median and call for focused leasing execution.
Within a 3-mile radius, recent increases in household counts and projections for continued growth indicate a larger tenant base ahead, supported by smaller household sizes and steady income gains. According to CRE market data from WDSuite, local rents are lower than many Columbus neighborhoods, which can support lease-up and retention; however, moderate ownership costs mean some competition from entry-level ownership and single-family rentals, making asset management and amenity upgrades important to sustain pricing power.
- 1989 vintage offers competitive positioning versus older neighborhood stock with clear modernization/value-add levers
- Renter-occupied share competitive within Columbus and strong nationally, supporting tenant demand depth
- Growing household counts within 3 miles point to a larger renter pool and support for occupancy stability
- Below-metro rent levels can aid leasing velocity and retention in price-sensitive segments
- Risk: neighborhood occupancy trails metro median and car-oriented amenities are limited, requiring strong management and targeted upgrades