| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 47th | Fair |
| Demographics | 45th | Fair |
| Amenities | 54th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 301 Kellner Ave, Baltimore, OH, 43105, US |
| Region / Metro | Baltimore |
| Year of Construction | 1981 |
| Units | 42 |
| Transaction Date | 2019-02-01 |
| Transaction Price | $1,400,000 |
| Buyer | --- |
| Seller | --- |
301 Kellner Ave Baltimore, OH Multifamily Opportunity
Neighborhood occupancy is strong and renter demand is durable relative to the Columbus metro, according to WDSuite’s CRE market data, positioning this asset for steady leasing performance. The 1981 vintage suggests competitive positioning versus older local stock with potential to unlock value through targeted updates.
Baltimore sits within the Columbus, OH metro and scores a B neighborhood rating, ranking 225 out of 580 metro neighborhoods. That places it competitive among Columbus neighborhoods, with the area’s high occupancy supporting stable cash flow dynamics for multifamily investors.
Neighborhood occupancy is in the top decile nationally and above the metro median (rank 109 of 580), indicating consistent lease-up and retention potential. The renter-occupied share of housing is elevated versus many areas nationwide (83rd national percentile), which points to a deeper tenant base and supports ongoing demand for multifamily units.
Livability is bolstered by everyday amenities: parks and outdoor space density trends in the top quartile nationally, while pharmacies and cafes track above national midpoints. Average school ratings are slightly above national norms, which can aid long-term resident retention. Childcare options are comparatively limited in the immediate area, so leasing strategies may benefit from emphasizing convenience and value for households not requiring on-site childcare access.
Within a 3-mile radius, households grew while average household size edged lower over the last five years, and forecasts point to further household growth over the next five years. This combination typically expands the renter pool and supports occupancy stability. Median home values are relatively high versus local incomes (national value-to-income percentile in the upper third), which tends to reinforce reliance on rental housing and can support pricing power without overextending affordability. Rent levels trend on the modest side compared with many submarkets (below the national median by rank), helping limit affordability pressure and underpinning lease retention.
Relative to the Columbus metro, the neighborhood’s safety profile ranks 132 out of 580 neighborhoods, which is competitive among Columbus neighborhoods and above the metro median. Nationally, the area trends slightly safer than average overall (mid-50s percentile).
Property crime estimates are favorable versus national norms (around the 70th percentile for safety) and have improved meaningfully year over year, while violent offense indicators sit closer to national midrange with some recent upward movement. Investors should interpret these signals at the neighborhood level rather than the property, and monitor trends over time rather than any single-year shift.
Proximity to regional employers supports a steady renter base and commute convenience, with access to corporate offices including The Xerox Company, Dr Pepper Snapple Group, Wesco Distribution, L Brands, and Nationwide.
- The Xerox Company — corporate offices (16.9 miles)
- Dr Pepper Snapple Group — beverage corporate offices (19.3 miles)
- Wesco Distribution — distribution corporate offices (20.6 miles)
- L Brands — retail corporate offices (21.4 miles) — HQ
- Nationwide — insurance corporate offices (22.9 miles) — HQ
The investment case centers on durable neighborhood occupancy, an above-average renter concentration, and amenity access that supports retention. Based on commercial real estate analysis from WDSuite, the surrounding area’s occupancy ranks above the metro median and in the top decile nationally, aligning with steady lease-up and low downtime expectations. The 1981 construction is newer than much of the surrounding housing stock, offering competitive positioning versus older inventory, with room for targeted capital plans typical for assets of this vintage.
Within a 3-mile radius, rising household counts and smaller average household size suggest a larger tenant base over time, while homeownership costs relative to local incomes support continued reliance on multifamily. Rent levels trend comparatively modest, which can help sustain retention and manage affordability pressure as the renter pool expands.
- High neighborhood occupancy and elevated renter-occupied share support stable leasing
- 1981 vintage: competitive versus older stock with targeted value-add potential
- Amenity access (parks, pharmacies, cafes) aids retention compared with national norms
- Growing household counts within 3 miles expand the tenant base and support occupancy
- Risks: limited nearby childcare and mixed safety trends warrant prudent asset management