| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 35th | Poor |
| Demographics | 23rd | Poor |
| Amenities | 75th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 2200 Walford Ln, Columbus, OH, 43224, US |
| Region / Metro | Columbus |
| Year of Construction | 1973 |
| Units | 33 |
| Transaction Date | 2022-08-30 |
| Transaction Price | $9,900,000 |
| Buyer | KM LIVING TRUST |
| Seller | FITZROY WALFORD APARTMENTS II LLC |
2200 Walford Ln Columbus Multifamily Investment
Renter-occupied housing is a defining feature of the immediate neighborhood, with daily-needs retail nearby, according to WDSuite’s CRE market data. This combination supports tenant demand even as broader occupancy trends in the area warrant close leasing management.
The property sits in an Inner Suburb pocket of Columbus with strong day-to-day convenience. Neighborhood access to grocery (top quartile nationally) and pharmacy options is robust, and restaurants are competitive among Columbus neighborhoods. Parks and cafes are limited within the neighborhood, so on-site amenities and unit finishes may play an outsized role in attracting and retaining residents.
Neighborhood occupancy trends are currently below the metro median (ranked 554 among 580 metro neighborhoods). In contrast, the share of housing units that are renter-occupied is elevated at the neighborhood level (60.6%, top decile nationally), indicating a deep tenant base that can support leasing velocity when product is positioned well.
Within a 3-mile radius, population and households have grown in recent years, with additional gains forecast through the next five years. That implies a larger tenant base and supports occupancy stability as more households enter the market, even as average household size trends slightly lower.
Ownership costs in the neighborhood are relatively accessible compared with many U.S. areas, which can introduce some competition with entry-level ownership options. At the same time, neighborhood rent-to-income levels indicate manageable affordability pressure for many renters, supporting lease retention and pricing power for well-maintained, well-located units.
Safety indicators for the neighborhood are mixed and should be monitored. Compared with neighborhoods nationwide, overall safety sits in the lower third, and the area ranks below the metro median (312 out of 580 Columbus neighborhoods). Recent data show property-related offenses trending down year over year, which is a constructive sign, while violent offense measures are less favorable at the national-comparison level.
Investors should underwrite with prudent assumptions around security, lighting, and resident engagement. Tracking multi-year trends and comparable Inner Suburb locations can help contextualize risk and inform appropriate operational strategies.
The employment base nearby blends corporate headquarters and regional offices that help support renter demand through steady white-collar jobs and manageable commutes. Notable employers include L Brands, Wesco Distribution, Dr Pepper Snapple Group, Nationwide, and American Electric Power.
- L Brands — corporate offices (3.4 miles) — HQ
- Wesco Distribution — distribution services (3.6 miles)
- Dr Pepper Snapple Group — beverages (5.3 miles)
- Nationwide — insurance & financial services (6.6 miles) — HQ
- American Electric Power — utilities (6.9 miles) — HQ
2200 Walford Ln is a 33-unit multifamily asset positioned in a renter-heavy neighborhood with strong access to daily-needs retail. According to CRE market data from WDSuite, neighborhood occupancy currently trails metro norms, but the elevated renter concentration and nearby employment centers point to durable underlying demand when product is competitively managed.
Built in 1973, the asset offers potential value-add and capex planning opportunities around modernization to improve leasing velocity versus older stock nearby. Within a 3-mile radius, population and household growth — with additional gains forecast — indicate a larger renter pool over time, supporting occupancy stability and rent optimization for well-executed renovations and operations.
- Renter-heavy neighborhood supports depth of tenant base and leasing stability.
- Strong proximity to daily-needs retail and major employers underpins demand.
- 1973 vintage presents value-add and capital planning pathways to enhance competitiveness.
- 3-mile population and household growth, with further gains forecast, expand the renter pool.
- Risks: below-metro occupancy trends, limited parks/cafes, and safety metrics that warrant active management.