| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 52nd | Good |
| Demographics | 71st | Best |
| Amenities | 70th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 2115 Astor Ave, Columbus, OH, 43209, US |
| Region / Metro | Columbus |
| Year of Construction | 1995 |
| Units | 40 |
| Transaction Date | 1993-05-27 |
| Transaction Price | $144,000 |
| Buyer | VILLAGE SHALOM APARTMENTS |
| Seller | THE BEXLEY SENIOR CITIZENS HOUSING CORP |
2115 Astor Ave, Columbus OH Multifamily Investment
Inner-suburban positioning with steady renter demand and occupancy near the metro median, according to WDSuite’s CRE market data. The 1995 vintage offers a competitive edge versus older nearby stock while still allowing targeted modernization.
Situated in an inner-suburban pocket of Columbus, the property benefits from neighborhood fundamentals that are competitive among Columbus neighborhoods (ranked 88 out of 580). Grocery and pharmacy access are strong locally, and restaurants are comparatively dense for the area; cafes and parks are thinner, which may modestly constrain lifestyle appeal for some renters.
Average school ratings are strong for the metro (ranked 30 of 580) and in the top quartile nationally, supporting family-oriented demand and retention. Neighborhood occupancy is slightly above the national median and has improved over the past five years, supporting income stability through cycles.
The building’s 1995 vintage is newer than the neighborhood’s mid-century average (1958). For investors, that can mean fewer near-term structural upgrades versus older assets while still leaving room for value-add through common-area refreshes, unit interiors, and systems optimization as needed for competitive positioning.
Within a 3-mile radius, demographics indicate a renter-occupied housing base that constitutes a majority of units, providing depth to the tenant pool. Households have grown in recent years and are projected to increase further by 2028, expanding the renter base and supporting occupancy and leasing velocity. Rising incomes in the 3-mile area, alongside elevated home values in the immediate neighborhood, suggest a high-cost ownership market that can sustain reliance on multifamily rentals and support pricing power, balanced by prudent lease management.
Safety metrics for the neighborhood track close to the metro average overall. The area ranks 168 out of 580 Columbus neighborhoods on crime, placing it around the middle locally and near the national midpoint.
Recent momentum is constructive: both violent and property offense rates have declined year over year, indicating improving conditions. Investors should underwrite with standard precautions—prioritizing visibility, lighting, and resident engagement—to support the trend while recognizing performance is mixed relative to top-quartile Columbus areas.
Nearby corporate employers broaden the renter base and support leasing stability, with convenient commutes to consumer goods, insurance, utilities, and distribution offices listed below.
- Dr Pepper Snapple Group — consumer goods offices (3.1 miles)
- Nationwide — insurance (3.5 miles) — HQ
- American Electric Power — utilities (3.5 miles) — HQ
- Wesco Distribution — industrial distribution (4.4 miles)
- Avnet Services - LifeCycle Solutions — technology services (6.8 miles)
2115 Astor Ave pairs a newer-than-neighborhood vintage (1995) with inner-suburban access and strong daily-needs convenience (grocers, pharmacies, restaurants). Neighborhood occupancy trends sit slightly above national medians and have improved, supporting income stability. Elevated local home values indicate a high-cost ownership market that can sustain rental demand and aid retention.
Within a 3-mile radius, households and incomes have risen and are projected to continue growing by 2028, expanding the renter pool and supporting absorption. According to CRE market data from WDSuite, local school quality stands out both by metro rank and nationally, adding to leasing appeal, while the asset’s vintage enables targeted value-add to interiors and building systems for competitive positioning.
- Inner-suburban location with strong daily-needs amenities and solid school quality supporting demand
- 1995 vintage offers relative competitiveness versus older local stock with targeted value-add potential
- 3-mile renter base and projected household growth support occupancy stability and pricing power
- High-cost ownership context reinforces reliance on rentals, aiding retention and lease management
- Risks: limited parks/cafes and mid-pack safety call for active asset management and amenity strategy