| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 41st | Poor |
| Demographics | 56th | Good |
| Amenities | 10th | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 114 Academy St, Pleasantville, OH, 43148, US |
| Region / Metro | Pleasantville |
| Year of Construction | 1981 |
| Units | 30 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
114 Academy St Pleasantville Multifamily Investment Opportunity
Neighborhood occupancy is high and stable, supporting income resilience for a 30-unit asset, according to WDSuite’s CRE market data. Owner-heavy housing nearby suggests a thinner renter base, but low rent-to-income provides retention upside.
Pleasantville sits within the Columbus, OH region and skews rural with limited retail and services nearby. Neighborhood occupancy is strong at 97.9% (measured for the neighborhood, not the property) and ranks in the top quartile nationally, a constructive signal for lease stability based on CRE market data from WDSuite. The local renter-occupied share is about 25.7%, indicating a predominantly owner-occupied area; for investors, that implies a smaller but potentially stable renter pool.
Amenities are sparse (few cafes, grocers, or pharmacies within the immediate area), which can temper walkability. However, park access trends above the national median, and average school ratings are modestly above national norms (around 3.0 out of 5), factors that can support livability for households prioritizing space and quieter settings over retail density.
Within a 3-mile radius, WDSuite’s data shows population has contracted in recent years while household sizes have trended smaller. Looking ahead, households are projected to edge higher even as population softens, which points to demographic shifts that can sustain a base of renters and support occupancy stability. Median contract rents in the area remain comparatively accessible relative to incomes, reinforcing retention and measured pricing power rather than rapid rent growth.
The asset’s 1981 vintage is newer than the neighborhood’s older housing stock (average construction year 1952). That relative age advantage can aid competitiveness versus older comparables, though investors should still plan for targeted modernization and system updates to support leasing and reduce future capital surprises.
Safety indicators for the neighborhood track slightly better than national medians overall, with violent and property offense rates sitting above the midpoint of neighborhoods nationwide. Recent year-over-year trends show modest declines in both violent and property offenses, which is constructive for tenant retention and leasing stability. These readings describe the broader neighborhood context rather than block-level conditions.
Regional employment access is driven by a mix of technology services, consumer brands, and corporate headquarters in greater Columbus, supporting commute options that help stabilize renter demand. Notable nearby employers include Avnet Services, The Xerox Company, Dr Pepper Snapple Group, L Brands, and Nationwide.
- Avnet Services — technology services (21.3 miles)
- The Xerox Company — business services (21.5 miles)
- Dr Pepper Snapple Group — beverage & consumer goods (24.3 miles)
- L Brands — retail & corporate offices (26.2 miles) — HQ
- Nationwide — insurance & financial services (27.9 miles) — HQ
114 Academy St offers a 30-unit footprint with average unit sizes around 771 square feet in a neighborhood that exhibits high occupancy and owner-heavy housing. According to CRE market data from WDSuite, neighborhood occupancy sits in the top quartile nationally, suggesting durable leasing once units are positioned correctly. Rent-to-income levels are favorable for renters, which supports retention and stable collections. The 1981 vintage is newer than much of the local housing stock, creating a relative quality advantage versus older comparables while still leaving room for targeted value-add through interior updates and system modernization.
Demand fundamentals are tempered by a smaller renter base and limited nearby amenities, but proximity to greater Columbus job centers and a projected uptick in households within a 3-mile radius indicate a tenant base that can sustain steady occupancy. Investors should underwrite conservatively for amenity-light positioning and focus on functional upgrades that emphasize livability and value relative to single-family alternatives.
- Strong neighborhood occupancy supports leasing stability
- Favorable rent-to-income dynamics bolster retention and collections
- 1981 vintage newer than area average, with value-add potential via updates
- Access to major Columbus employers within ~20–30 miles aids demand
- Risks: thinner renter pool and limited amenities require conservative underwriting