| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 55th | Good |
| Demographics | 51st | Fair |
| Amenities | 39th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 3682 Dolson Ct, Carroll, OH, 43112, US |
| Region / Metro | Carroll |
| Year of Construction | 1995 |
| Units | 46 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
3682 Dolson Ct, Carroll, OH Multifamily Investment
Neighborhood occupancy is competitive and renter demand is supported by steady household growth nearby, according to CRE market data from WDSuite.
Carroll sits within the Columbus, OH metro and this rural neighborhood carries a B rating with a rank of 229 out of 580 metro neighborhoods, placing it above the metro median. Occupancy in the neighborhood ranks 129 of 580 (top quartile among Columbus neighborhoods) and reads as high relative to national norms, which supports income stability for well-managed assets.
The area’s vintage skews to the early 1990s (average 1991). With a 1995 construction year, this property should be relatively competitive versus older stock while investors may still plan for targeted modernization of interiors and aging systems to sustain leasing velocity and rents.
Within a 3-mile radius, population and households have been expanding and are projected to continue growing over the next five years, pointing to a larger tenant base and sustained leasing prospects. The 3-mile renter-occupied share sits in the low-20% range and is projected to hold near that level, indicating a stable but not oversupplied renter pool that can support consistent absorption for appropriately positioned multifamily.
Local livability indicators are mixed. School ratings track slightly above national averages, which can help retain family renters. Amenities are modest at the neighborhood level, though cafe density is competitive among Columbus suburbs and grocery access tracks near metro norms. Home values are comparatively accessible for the region, and neighborhood median contract rents benchmark in the metro’s upper tier, suggesting pricing power for quality units while a rent-to-income profile near 20% supports retention with prudent lease management.
Safety benchmarks are competitive for the Columbus metro, with the neighborhood ranked 148 out of 580. That standing places it above the metro median and in the mid-range nationally. According to WDSuite’s CRE market data, both violent and property offense rates have shown year-over-year declines, an encouraging trend that supports resident retention and longer tenancy.
Interpreting the metrics: higher national percentiles indicate safer conditions relative to neighborhoods nationwide, and a lower metro rank out of 580 indicates comparatively safer performance versus peers. Recent downward trends in estimated offenses suggest improving conditions, though investors should continue to underwrite with standard precautions and monitor submarket dynamics.
The employment base draws from nearby corporate offices and a major utility headquarters, supporting commute convenience and steady renter demand. Employers highlighted below reflect office services, technology distribution, beverage, and utilities.
- Avnet Services — technology services (14.5 miles)
- The Xerox Company — corporate offices (14.7 miles)
- Avnet Services - LifeCycle Solutions — technology services (15.0 miles)
- Dr Pepper Snapple Group — beverage corporate offices (20.6 miles)
- American Electric Power — utilities corporate offices (22.9 miles) — HQ
This 46-unit, 1995-vintage asset benefits from neighborhood occupancy that ranks in the top quartile among 580 Columbus neighborhoods and trends strong versus national norms, supporting income stability. The property’s vintage is slightly newer than the neighborhood average, offering relative competitiveness against older stock while leaving room for targeted value-add to drive rent premiums and retention. Nearby, 3-mile demographics show population and household growth historically and in the forecast, expanding the renter pool and reinforcing steady leasing fundamentals.
At the neighborhood level, median contract rents sit in the metro’s upper tier, while rent-to-income around 20% points to manageable affordability pressure that can aid renewals with careful lease management. Home values are comparatively accessible for owners in this part of Fairfield County, which may create some ownership competition; however, commute access to diversified employers and improving safety trends support durable demand for quality rental housing, based on commercial real estate analysis and CRE market data from WDSuite.
- High neighborhood occupancy and competitive rank underpin cash flow durability
- 1995 vintage offers relative competitiveness with targeted modernization upside
- 3-mile population and household growth expand the renter base and support leasing
- Metro-upper-tier rent positioning with rent-to-income near 20% supports pricing power and renewals
- Risk: accessible ownership options and modest neighborhood amenities may temper rent growth without value-add