| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 44th | Fair |
| Demographics | 67th | Good |
| Amenities | 46th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 150 Walnut St, Sunbury, OH, 43074, US |
| Region / Metro | Sunbury |
| Year of Construction | 1985 |
| Units | 48 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
150 Walnut St, Sunbury OH Multifamily Investment
Suburban fundamentals point to durable renter demand and strong occupancy, according to WDSuite’s CRE market data, with this location benefiting from steady household growth and commute access to Columbus employment hubs.
Sunbury is a suburban pocket of the Columbus metro with a B+ neighborhood rating and occupancy that is competitive among Columbus neighborhoods (580 total) and in the top quartile nationally. For multifamily investors, that level of neighborhood occupancy supports lease stability and reduces downtime risk versus weaker submarkets.
Within a 3-mile radius, population growth and an increase in households over recent years expand the local renter pool, while projections through 2028 continue to point to additional household gains. This dynamic underpins tenant demand and supports sustained occupancy, especially for well-managed, mid-size assets.
The share of housing units that are renter-occupied within 3 miles is roughly one-quarter, indicating a moderate renter concentration that is sufficient to support leasing while still skewing toward ownership. Investors should expect a stable but discerning tenant base, with lease-up velocity tied to unit quality and management execution rather than deep concessions.
Local livability drivers include parks and public amenities that rank above many peers in the metro, and an average school rating that sits in the top quartile nationally—factors that help with retention for family-oriented renters. Neighborhood home values are elevated for the region, which can reinforce reliance on multifamily for households preferring more accessible monthly payments, yet ownership remains attainable for some; the balance implies steady demand with measured pricing power rather than outsized rent spikes.
Vintage also matters: the property’s 1985 construction is newer than the neighborhood’s older housing stock profile. That positioning can be competitive versus prewar inventory, though investors should still plan for targeted system updates and common-area refreshes to meet current renter expectations.
Safety indicators compare favorably in the regional and national context. The neighborhood’s crime ranking is competitive among Columbus neighborhoods (33rd of 580 indicates a safer position locally), and overall safety sits above the national median with top-quartile performance on several measures.
According to WDSuite’s data, violent-offense risk is in a high national safety percentile (safer than most neighborhoods nationwide), which supports family renter retention and reduces operational disruptions. That said, recent property-offense trends showed an uptick year over year; while still positioned well nationally, prudent operators should maintain standard security, lighting, and access controls to mitigate nonviolent incidents.
Proximity to major Columbus-area employers supports a diverse workforce renter base and commute convenience. Nearby anchors include L Brands, Wesco Distribution, Cardinal Health, Dr Pepper Snapple Group, and Nationwide.
- L Brands — retail/apparel (13.4 miles) — HQ
- Wesco Distribution — industrial distribution (16.4 miles)
- Cardinal Health — healthcare services (17.1 miles) — HQ
- Dr Pepper Snapple Group — beverage (17.9 miles)
- Nationwide — insurance (20.8 miles) — HQ
This 48-unit asset benefits from suburban Columbus fundamentals: high neighborhood occupancy (top-quartile nationally), rising household counts within a 3-mile radius, and access to diversified employment nodes. The 1985 vintage is newer than much of the surrounding housing stock, offering competitive positioning versus older inventory with targeted value-add potential through interior updates and amenity modernization. According to CRE market data from WDSuite, rent-to-income conditions locally suggest manageable affordability pressure, supporting retention and steady renewal economics.
Looking forward, projected population and household growth within 3 miles points to a larger tenant base and supports occupancy stability. While ownership is prevalent in the area, elevated home values and commuting convenience keep multifamily relevant for a broad slice of households. Key watch items include modest neighborhood amenity depth and monitoring of property-offense trends, both manageable with proactive operations.
- Occupancy strength and household growth underpin leasing stability
- 1985 construction offers value-add/modernization upside versus older local stock
- Diversified employer access supports demand across income bands
- Manageable affordability pressure aids renewal capture and pricing discipline
- Risks: ownership competition, modest amenity density, and monitoring of property-offense trends