| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 45th | Fair |
| Demographics | 23rd | Poor |
| Amenities | 52nd | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1416 Striebel Rd, Columbus, OH, 43227, US |
| Region / Metro | Columbus |
| Year of Construction | 1975 |
| Units | 46 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
1416 Striebel Rd, Columbus OH Multifamily Investment
Neighborhood data points to a deep renter base and steady occupancy, supporting day‑to‑day collections and lease stability, according to WDSuite’s CRE market data. For investors, the area’s renter concentration and working‑class demand profile suggest consistent absorption for well‑positioned units.
This inner‑suburb location in Columbus balances everyday convenience with workforce housing demand. Cafes and pharmacies are competitive among Columbus neighborhoods (both ranking within the top 12% locally) and sit in the top quartile nationally, while grocery access is also competitive locally and above the national median. Formal parks and dedicated childcare centers are limited within the immediate neighborhood, which places a premium on on‑site open space and kid‑friendly features at the property level.
Neighborhood multifamily occupancy averages 92.7% and has been broadly stable over the past five years, supporting underwriting for consistent lease‑up and retention. The neighborhood’s renter‑occupied share is high (63.7%), indicating a sizable tenant pool and durable demand for professionally managed apartments. Median contract rents in the area track below national midpoints, offering room for value relative to comparable metro submarkets without overextending rent‑to‑income ratios.
Within a 3‑mile radius, demographics show population and household growth over the last five years with forecasts calling for further increases in households through 2028. This points to a larger tenant base over time and supports occupancy stability for well‑maintained, appropriately priced units. As incomes trend upward in the area, investors can prioritize measured renovations tied to in‑unit livability and utility savings to capture incremental rent while maintaining renewal momentum.
Home values in the neighborhood are lower than many national peers, which can introduce some competition from entry‑level ownership. Even so, elevated financing costs and the convenience premium for rentals should continue to sustain the renter pool, favoring lease retention and steady absorption for functional, well‑managed stock. Local school ratings lag the metro, so properties that emphasize safety, maintenance, and on‑site amenities can better compete for households prioritizing value and convenience.
The property’s 1975 vintage is newer than the neighborhood’s average 1965 stock, giving it a relative edge versus older buildings. Targeted modernization of building systems and select interiors can further sharpen competitiveness against aging comparables while keeping capital plans disciplined.
Safety indicators for the neighborhood trail both metro and national benchmarks. The neighborhood’s overall crime rank sits in the lower half of Columbus performance (rank 372 among 580 metro neighborhoods), and national percentiles for violent and property incidents are low. Trend data shows property offenses declining year over year, which is a constructive signal, though investors should still underwrite for lighting, access control, and partnership with professional security vendors as appropriate.
For investors comparing submarkets, this area is not among the top quartile for safety but shows recent improvement in property‑crime trends. Sensible operating practices and resident engagement typically help support retention and protect common areas in working‑class, commute‑oriented neighborhoods.
Nearby employers span beverages, industrial distribution, financial services, and regulated utilities, supporting a broad workforce renter base and commute convenience for residents.
- Dr Pepper Snapple Group — beverages (3.4 miles)
- Wesco Distribution — industrial distribution (5.2 miles)
- Nationwide — financial services (6.3 miles) — HQ
- Avnet Services - LifeCycle Solutions — technology services (6.3 miles)
- American Electric Power — regulated utility (6.4 miles) — HQ
1416 Striebel Rd offers 46 units with functional average sizes suited to workforce renters in a neighborhood showing stable occupancy and a high share of renter‑occupied housing units. Based on CRE market data from WDSuite, neighborhood occupancy remains in the low‑90s with rents below national midpoints, supporting steady absorption for clean, professionally managed product. The 1975 vintage is newer than the local average stock, creating an opportunity to add value through targeted systems upgrades and selective interior improvements while keeping the property cost‑competitive.
Within a 3‑mile radius, recent growth in population and households, alongside projections for further household expansion by 2028, implies a larger renter pool and supports renewal rates when pricing remains aligned with incomes. Ownership costs in the area are comparatively accessible, which can introduce competition from entry‑level buying; however, rent‑to‑income levels suggest manageable affordability pressure, favoring retention where operations emphasize maintenance, responsiveness, and utility efficiency.
- Stable neighborhood occupancy and high renter concentration support ongoing demand
- 1975 vintage newer than local average, with value‑add potential via targeted upgrades
- Workforce amenity mix and proximity to major employers aid leasing and retention
- Below‑national‑median rents create room for disciplined, renovation‑driven lift
- Risks: below‑average safety metrics and school ratings; some competition from entry‑level ownership