| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 38th | Poor |
| Demographics | 39th | Fair |
| Amenities | 44th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1359 Yorkland Rd, Columbus, OH, 43232, US |
| Region / Metro | Columbus |
| Year of Construction | 1987 |
| Units | 84 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
1359 Yorkland Rd Columbus Multifamily Investment
Neighborhood-level data point to a deep renter base but below-median occupancy, according to WDSuite’s CRE market data, suggesting room for operational upside. These metrics reflect the surrounding neighborhood, not the property itself.
Located in an Inner Suburb of Columbus, the property benefits from a renter-occupied housing share that is high for the metro (64.9%; rank 43 out of 580), indicating depth in the tenant base and potential demand stability for multifamily. Neighborhood occupancy is approximately 84% (rank 538 of 580), which is below the metro median and points to the importance of leasing execution and targeted retention strategies.
Everyday convenience is a relative strength: grocery access and restaurant density both benchmark in the upper tiers nationally (around the high-80th percentiles), while parks, pharmacies, and cafes are comparatively sparse. Average school ratings trend low for the metro (rank 199 of 580; below national norms), which investors may weigh when underwriting renter profiles and marketing strategy.
Vintage matters: built in 1987 versus a neighborhood average around 1975, the asset should compete well against older stock, though selective system updates and common-area refreshes may be prudent to maintain positioning and support rent trade‑outs over time.
Within a 3‑mile radius, population and household counts have grown in recent years and are projected to continue increasing into 2028, supporting renter pool expansion and occupancy stability. Median contract rents in the neighborhood sit near the national midpoint, and the rent‑to‑income ratio around the low‑20% range suggests manageable affordability pressure, though lease management will remain important. In a market with comparatively accessible home values by national standards, some competition with ownership is possible, but the area’s high renter concentration has historically supported multifamily demand.
Relative to Columbus metro peers, the neighborhood’s safety profile trends below average (overall crime rank 355 of 580). Nationally, it sits in lower safety percentiles, indicating investors should underwrite for active on-site management and security-forward operations.
Recent trends are mixed: property offenses show a modest year-over-year decline, while reported violent offenses increased over the same period. These figures are neighborhood-level indicators rather than property-specific, and operators commonly mitigate risk with lighting, access controls, and visible management presence.
Proximity to a diverse employment base supports leasing fundamentals, with nearby roles spanning beverages, industrial distribution, retail headquarters, IT services, and insurance. These employers provide steady commuter demand that can aid tenant retention.
- Dr Pepper Snapple Group — beverages (4.6 miles)
- Wesco Distribution — industrial distribution (6.1 miles)
- L Brands — retail (7.7 miles) — HQ
- Avnet Services - LifeCycle Solutions — IT services (7.8 miles)
- Nationwide — insurance (8.7 miles) — HQ
This 84‑unit, 1987‑vintage asset in Columbus’ inner suburbs aligns with a renter-heavy neighborhood, offering depth in the tenant base alongside operational upside where neighborhood occupancy trends run below the metro median. Within a 3‑mile radius, population and households are growing and are projected to increase further through 2028, supporting a larger tenant base and potential occupancy stability. Median neighborhood rents sit near national midpoints, and rent-to-income levels suggest moderate affordability pressure that can aid retention with disciplined renewals.
According to CRE market data from WDSuite, the asset’s newer vintage relative to local stock can be competitive versus older buildings, though targeted system upgrades and common-area improvements may be warranted to support pricing power. Accessible home values by national standards may introduce some competition with ownership, but the area’s high share of renter-occupied units underpins multifamily demand and cushions leasing through cycles.
- Renter-heavy neighborhood supports demand depth and lease-up resiliency.
- 1987 vintage offers competitive positioning versus older stock with selective upgrade potential.
- 3‑mile population and household growth expand the renter pool and support occupancy stability.
- Near‑median rents and moderate rent-to-income can aid retention with disciplined renewal strategy.
- Risks: below-metro-median neighborhood occupancy and safety metrics require active management and security-forward operations.