| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 59th | Good |
| Demographics | 54th | Fair |
| Amenities | 17th | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 112 Mockingbird Ct, Pickerington, OH, 43147, US |
| Region / Metro | Pickerington |
| Year of Construction | 1987 |
| Units | 24 |
| Transaction Date | 2021-04-29 |
| Transaction Price | $8,083,700 |
| Buyer | THE MEADOWS OH GARDENS LP |
| Seller | CF OHIO OWNER LLC |
112 Mockingbird Ct, Pickerington OH — 24-Unit Multifamily Investment
Neighborhood occupancy is strong and renter demand is supported by suburban fundamentals, according to WDSuite’s CRE market data, positioning this 24-unit asset for stable operations with potential value-add upside from its 1987 vintage.
This suburban Pickerington location carries a B- neighborhood rating and shows high occupancy at the neighborhood level (ranked 76 among 580 Columbus neighborhoods, a top-quartile position nationally by percentile), which supports income stability for multifamily assets. The local renter concentration is lower (share of housing units that are renter-occupied), indicating a shallower tenant pool but typically steadier resident profiles and longer stays.
Amenity density is modest: grocery access is around metro median while parks, pharmacies, childcare, and cafes are sparse in the immediate neighborhood. Average school ratings in the area trend lower (about 2.0 out of 5), which may influence unit mix strategy and leasing narratives for family-oriented prospects.
Within a 3-mile radius, demographics point to population growth and an increase in households, with strong incomes supporting a larger tenant base over time. Incomes outpace many neighborhoods nationally, and a favorable rent-to-income profile suggests manageable affordability pressure, which can aid retention and reduce turnover risk.
Ownership costs in the neighborhood are moderate relative to incomes; while that can create some competition from for-sale housing, it also supports demand for larger rental formats. With an average unit size near 1,100 square feet, this property can appeal to households seeking space with rental flexibility.
Safety trends compare favorably. By metro rank, the neighborhood is competitive among Columbus areas (59 out of 580), and national percentiles indicate outcomes above the U.S. average. Recent year-over-year shifts point to improving conditions, with declines in both property and violent offense rates, placing the neighborhood’s improvement in the top quartile nationally for violent-offense trend.
For investors, this relative positioning supports leasing stability and broadened renter appeal versus lower-ranked subareas, while standard risk controls and property-level security measures remain prudent.
Proximity to regional employers underpins renter demand via commute convenience and diversified job exposure. Notable nearby employers include Avnet Services, The Xerox Company, L Brands, and Nationwide, which together support a broad professional workforce.
- Avnet Services - LifeCycle Solutions — technology services (9.0 miles)
- Avnet Services — technology services (9.5 miles)
- The Xerox Company — office equipment & services (9.6 miles)
- L Brands — retail & apparel (13.6 miles) — HQ
- Nationwide — insurance (14.2 miles) — HQ
This 24-unit property built in 1987 offers value-add and capital-planning angles relative to a neighborhood stock that skews newer. High neighborhood occupancy and a favorable rent-to-income profile indicate durable renter demand and support for steady cash flows, while demographic growth within 3 miles expands the tenant base, aiding lease-up and retention. Based on commercial real estate analysis from WDSuite, these fundamentals compare well to the broader Columbus metro, where stability and suburban household growth underpin multifamily performance.
Amenity density is limited and neighborhood school ratings are below average, so targeted renovations, unit feature upgrades, and service offerings can be leveraged to differentiate versus nearby options. Ownership remains reasonably accessible in the area, which implies some competition from for-sale housing; however, larger unit sizes and professional employment access can sustain demand among households favoring rental flexibility.
- High neighborhood occupancy supports income stability versus metro peers
- 1987 vintage creates value-add and systems modernization potential
- 3-mile population and household growth expands the renter pool, aiding lease retention
- Favorable rent-to-income dynamics bolster pricing power management
- Risks: low amenity density, below-average school ratings, and competition from ownership options