| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 42nd | Poor |
| Demographics | 31st | Poor |
| Amenities | 64th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 169 N Wilson Rd, Columbus, OH, 43204, US |
| Region / Metro | Columbus |
| Year of Construction | 1974 |
| Units | 73 |
| Transaction Date | 1985-09-01 |
| Transaction Price | $2,515,800 |
| Buyer | --- |
| Seller | --- |
169 N Wilson Rd Columbus OH Multifamily Investment
Neighborhood data point to a deep renter pool and occupancy around the national median, according to WDSuite s CRE market data. These are neighborhood-level indicators rather than property performance, suggesting stable demand dynamics for a 73-unit asset.
Located in an inner suburb of Columbus (neighborhood rating: B), the area shows renter concentration above the metro median, with the share of renter-occupied units ranking strong versus peers in the region. At the same time, neighborhood occupancy trends sit near the national midpoint, which supports steady leasing but calls for active management to maintain pricing power, based on CRE market data from WDSuite.
Amenity access is a relative strength: grocery, restaurants, cafes, and childcare options score in the upper tiers nationally, indicating daily-needs convenience that can aid retention. Park access is limited compared with other Columbus neighborhoods (ranked among 580 metro neighborhoods), so on-site or nearby private open space may be more important to the resident experience.
Within a 3-mile radius, population and household counts have grown over the last five years, and forecasts point to further increases by 2028. A larger household base and modestly smaller average household sizes imply a broader tenant base and sustained demand for smaller-format apartments, which aligns with the asset s average unit size.
Ownership costs in the neighborhood are comparatively accessible by national standards, which can introduce competition from entry-level ownership. However, rent-to-income levels sit in a manageable range, framing affordability pressures as moderate and supportive of lease retention with disciplined renewal strategies.
Safety indicators for the neighborhood trend below national averages, with crime metrics placing the area in lower national percentiles. Within the Columbus metro, the neighborhood ranks in the lower half among 580 neighborhoods, signaling that investors should underwrite prudent security, lighting, and resident-engagement measures rather than rely on neighborhood effects alone.
Recent year-over-year estimates indicate property and violent offenses have increased locally. While these are neighborhood-level readings and not site-specific, they argue for proactive operations (access control, partnerships with local patrols, and environmental design) and thoughtful marketing that emphasizes convenience and community standards.
Proximity to several major corporate offices and headquarters supports workforce-driven renter demand and commute convenience, particularly to Big Lots, American Electric Power, Nationwide, Cardinal Health s innovation hub, and Dr Pepper Snapple Group.
- Big Lots corporate offices (0.6 miles) HQ
- American Electric Power corporate offices (4.9 miles) HQ
- Nationwide corporate offices (5.1 miles) HQ
- Fuse by Cardinal Health corporate offices (9.8 miles)
- Dr Pepper Snapple Group corporate offices (10.1 miles)
This 73-unit, 1974-vintage property sits in a renter-heavy Columbus neighborhood where occupancy trends are around the national midpoint and amenity access is a relative strength. Renter concentration is high at the neighborhood level, indicating depth in the tenant base and supporting leasing stability, while comparatively accessible ownership costs suggest some competition from entry-level buyers that can be managed with effective renewals and resident experience. Within a 3-mile radius, recent population and household growth with additional growth projected supports a larger renter pool over the medium term, according to CRE market data from WDSuite.
The 1974 construction points to potential value-add through unit and systems modernization, paired with operational focus on safety, school-perception headwinds, and park access limitations. Taken together, the thesis centers on durable workforce demand, value-add upside, and disciplined operations to manage neighborhood-driven risks.
- Renter-heavy neighborhood and near-median occupancy support leasing stability
- Amenity convenience (grocers, restaurants, childcare) aids retention
- 1974 vintage offers clear value-add and systems-upgrade pathways
- Expanding 3-mile renter base underpins medium-term demand
- Risks: below-average safety metrics, lower school ratings, and competition from entry-level ownership