| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 46th | Fair |
| Demographics | 47th | Fair |
| Amenities | 54th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 135 S Stygler Rd, Columbus, OH, 43230, US |
| Region / Metro | Columbus |
| Year of Construction | 1973 |
| Units | 42 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
135 S Stygler Rd Columbus Multifamily Investment
Positioned in an inner-suburban pocket with low-90s neighborhood occupancy and steady renter demand, this 42-unit 1973 asset benefits from daily-needs access and resilient leasing fundamentals. Insights are based on WDSuite’s CRE market data for the neighborhood, highlighting practical affordability that supports retention.
The surrounding neighborhood carries a B rating and ranks 219 out of 580 across the Columbus metro, which is competitive among Columbus neighborhoods. For investors, that translates into solid livability with balanced fundamentals rather than a speculative, momentum-only story.
Daily-needs access is a relative strength: grocery options score in the top quartile nationally, with restaurant and cafe density above national averages. Parks access trends well, while childcare and pharmacies are limited locally, suggesting residents lean on nearby submarkets for certain services. School ratings average around the lower end of the spectrum for the metro, which may influence tenant mix toward workforce households rather than families prioritizing top-rated districts.
Neighborhood occupancy trends in the low 90s according to WDSuite’s CRE market data, indicating stable leasing conditions with some room for operational improvement. Median asking rents in the area remain moderate relative to incomes, reinforcing renewal potential and pricing discipline rather than outsized rent growth expectations.
Within a 3-mile radius, the renter-occupied share sits around the mid-40s and is projected to edge higher over the next five years, pointing to a deeper tenant base over time. Population and household counts are set to grow while average household size trends slightly smaller, which typically supports sustained demand for smaller-format apartments and helps underpin occupancy.
Asset vintage averages early-1970s locally; this property’s 1973 construction is slightly older than the neighborhood norm, implying routine capital planning and selective renovations could unlock value and strengthen competitive positioning versus nearby stock.
Safety indicators for the neighborhood track below national norms, with violent and property offense rates placing in lower national percentiles. Relative to the Columbus metro, crime ranks in the lower half of neighborhoods (ranked 376 out of 580), signaling investors should underwrite conservative security measures and consider resident experience enhancements.
Recent year-over-year trends show increases in both violent and property offense estimates, so operators may want to emphasize lighting, access controls, and partnership with local patrols. While conditions can vary block to block, a prudent plan for on-site visibility and incident response can support resident retention and protect NOI.
Nearby corporate offices provide a diversified employment base that supports renter demand and commute convenience for residents, notably in distribution, consumer brands, and corporate headquarters roles. The following anchors reflect realistic commuting distances that can aid leasing stability.
- Wesco Distribution — distribution services (1.6 miles)
- Dr Pepper Snapple Group — consumer beverages (2.1 miles)
- L Brands — retail/apparel corporate (2.6 miles) — HQ
- Nationwide — insurance & financial services (6.8 miles) — HQ
- American Electric Power — electric utility corporate (7.0 miles) — HQ
135 S Stygler Rd combines workforce-oriented demand drivers with durable neighborhood fundamentals. According to CRE market data from WDSuite, the surrounding area maintains low-90s occupancy and moderate rent levels relative to income, supporting renewal rates and predictable cash flow. The 42-unit scale and smaller average unit sizes position the asset to capture steady demand from singles and smaller households, while grocery and daily retail depth strengthen convenience and retention.
Built in 1973, the property likely benefits from targeted value-add and systems upgrades to sharpen competitiveness versus nearby early-1970s stock. Three-mile demographics point to gradual population growth and a rising renter share, expanding the tenant base and helping sustain occupancy, while ownership costs that are manageable for the metro suggest focusing on operational execution rather than outsized rent lifts.
- Stable neighborhood occupancy and rent-to-income dynamics support retention and pricing discipline.
- Smaller-format units align with projected growth in households and a larger renter pool within 3 miles.
- Value-add upside from 1973 vintage via interior updates and building systems modernization.
- Proximity to multiple corporate employers underpins workforce housing demand and leasing stability.
- Risks: below-average safety metrics and limited childcare/pharmacy options warrant enhanced security and amenity strategy.