| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 54th | Good |
| Demographics | 17th | Poor |
| Amenities | 76th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1944 Iuka Ave, Columbus, OH, 43201, US |
| Region / Metro | Columbus |
| Year of Construction | 1972 |
| Units | 28 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
1944 Iuka Ave Columbus Multifamily Investment
Amenity-rich Urban Core location with a deep renter base supports leasing durability, according to WDSuite’s CRE market data, with proximity-driven demand outweighing typical seasonality in this submarket.
Situated in Columbus s Urban Core, the property s neighborhood is rated B and is competitive among Columbus neighborhoods (ranked within the top 40% of 580). Dense amenity coverage notably restaurants (top percentile nationally) alongside parks, groceries, and pharmacies supports daily convenience and strengthens appeal for renters who prioritize walkability and short commutes.
Vintage matters for capital planning: built in 1972, the asset is newer than the neighborhood s average housing stock (mid-20th century). That positioning can enhance competitiveness versus older buildings while still warranting targeted system upgrades and cosmetic improvements for value-add potential.
Renter concentration is a defining local characteristic. Neighborhood data indicate a high share of renter-occupied housing units, pointing to a large tenant base and consistent turnover velocity. At the 3-mile radius, households have expanded in recent years and are projected to increase through 2028, which supports a larger pool of prospective renters and occupancy stability.
Ownership costs relative to incomes are elevated compared with many U.S. neighborhoods, while neighborhood rents have trended upward over the past five years. For investors, this mix tends to reinforce reliance on multifamily housing, though higher rent-to-income ratios introduce affordability pressure that should be managed through thoughtful lease strategies, renewals, and amenity positioning.
Safety metrics for the neighborhood sit below national medians and below the metro average, indicating a higher incidence of reported crime relative to many Columbus submarkets. National percentiles for both violent and property offenses are in the lower bands compared with neighborhoods nationwide.
For underwriting and operations, investors typically plan for standard security measures, lighting, and resident engagement. Monitoring trend direction at the neighborhood level and coordinating with local resources can help sustain leasing and resident retention without overreliance on concessions.
Nearby headquarters and major offices provide a diversified employment base that supports multifamily renter demand through commute convenience. Key drivers include Nationwide, American Electric Power, Wesco Distribution, Dr Pepper Snapple Group, and Big Lots.
- Nationwide — insurance (2.3 miles) — HQ
- American Electric Power — electric utility (2.6 miles) — HQ
- Wesco Distribution — industrial distribution (4.5 miles)
- Dr Pepper Snapple Group — beverages (5.0 miles)
- Big Lots — retail (6.3 miles) — HQ
The 1972 vintage, 28-unit asset at 1944 Iuka Ave benefits from a deep renter pool in an amenity-dense Urban Core setting. Elevated ownership costs relative to local incomes and strong neighborhood renter concentration sustain multifamily demand, while recent household growth within a 3-mile radius points to continued renter pool expansion. According to CRE market data from WDSuite, neighborhood occupancy trends and rent levels suggest demand is supported by location fundamentals, though lease management and product positioning remain important.
Value-add potential stems from the property s relative age versus older nearby stock, where targeted system updates and unit refreshes can bolster competitiveness. Investors should underwrite with attention to affordability pressure and local safety conditions, balancing rent strategy with resident retention and standard security practices.
- Amenity-dense Urban Core location with strong renter-occupied housing share supports leasing demand
- 1972 vintage offers value-add and modernization upside versus older neighborhood stock
- Expanding household counts within 3 miles indicate a growing tenant base over the medium term
- Elevated ownership costs reinforce reliance on rentals, supporting pricing power with prudent lease management
- Risks: lower relative safety metrics and affordability pressure require disciplined operations and security planning