| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 41st | Poor |
| Demographics | 30th | Poor |
| Amenities | 23rd | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 2210 October Ridge Dr, Columbus, OH, 43223, US |
| Region / Metro | Columbus |
| Year of Construction | 1987 |
| Units | 20 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
2210 October Ridge Dr Columbus Workforce Multifamily Investment
Neighborhood occupancy sits in the low-90s and renter concentration is near half of housing units, supporting durable leasing, according to WDSuite s CRE market data. Position in an inner-suburb pocket of Columbus offers steady tenant demand with room for operational improvement.
This inner-suburb neighborhood of Columbus carries a C- neighborhood rating and performs below the metro median on overall rank (479 out of 580). Even so, the area s occupancy trend is constructive: neighborhood occupancy is in the low-90s and has improved over the last five years, suggesting stable demand relative to broader cycles based on CRE market data from WDSuite.
Daily needs are modest but adequate. Restaurants density ranks 180 out of 580 competitive among Columbus neighborhoods and grocery access ranks 166 of 580 (also competitive). Broader amenities like parks, cafes, and pharmacies are thinner within the neighborhood, which keeps the location more value-oriented than lifestyle-driven. Average school ratings sit in the lower national quartiles, which is important for underwriting family-oriented unit mixes.
Vintage and positioning: The property s 1987 construction is newer than the neighborhood s average vintage (1964). That relative youth helps competitive positioning versus older stock, though investors should still plan for aging systems and targeted modernization to support rent attainment and retention.
Renter demand and affordability: The share of housing units that are renter-occupied in the neighborhood is just under half, indicating a deep tenant base and demand stability for multifamily. Neighborhood rent-to-income levels are moderate, which can support lease retention and measured pricing power. In the 3-mile radius, demographics show population growth over the last five years, a notable increase in households, and rising incomes all of which point to a larger tenant base and support for occupancy.
Market context: Home values in the neighborhood are on the lower end nationally, which can create some competition from ownership options. However, with household incomes rising and rents within the 3-mile radius trending upward, well-maintained workforce units should remain relevant for cost-conscious renters. Compared to national CRE trends, this submarket s strengths are its occupancy stability and relative affordability; the trade-offs include more limited amenity depth and lower average school ratings.
Safety indicators are mixed and warrant careful underwriting. The neighborhood s crime rank is 427 out of 580 among Columbus neighborhoods, signaling below-metro-average safety, and national safety percentiles fall into lower tiers. Recent year-over-year estimates indicate an uptick in violent and property offenses, suggesting investors should account for prudent security measures, lighting, and resident screening in operating plans.
Compared with neighborhoods nationwide, this area does not sit in the top quartiles for safety and should be evaluated alongside property-level controls and design (sightlines, access, and parking). Many comparable workforce assets operate successfully in similar contexts when management is proactive and community standards are consistently enforced.
Proximity to major employers in and around Downtown Columbus supports renter demand, commute convenience, and retention. Notable nearby employment nodes include Big Lots, American Electric Power, Nationwide, Avnet Services LifeCycle Solutions, and Dr Pepper Snapple Group.
- Big Lots retail HQ (3.7 miles) HQ
- American Electric Power electric utility (3.8 miles) HQ
- Nationwide insurance & financial services (4.0 miles) HQ
- Avnet Services LifeCycle Solutions electronics services (8.6 miles)
- Dr Pepper Snapple Group beverages (8.8 miles)
Built in 1987, this 20-unit asset slots into a workforce niche that remains relevant in Columbus inner suburbs. Relative to the neighborhood s older housing stock, the vintage supports competitive positioning, while still leaving room for targeted value-add to modernize interiors, common areas, and systems. According to CRE market data from WDSuite, the surrounding neighborhood maintains low-90s occupancy with improving momentum, and the 3-mile radius shows recent population growth, a meaningful increase in households, and higher incomes all supportive of a larger tenant base and steady leasing.
Operating fundamentals are anchored by moderate rent-to-income levels that can aid retention, proximity to multiple headquarters that deepen the renter pool, and restaurant/grocery access that is competitive by metro standards. Key underwriting watchpoints include below-metro-average safety readings, thinner lifestyle amenities, and potential competition from low-cost ownership options; disciplined management and thoughtful capital planning can mitigate these factors.
- 1987 vintage offers relative competitiveness vs. older neighborhood stock with clear renovation and systems-upgrade pathways.
- Low-90s neighborhood occupancy and expanding 3-mile household counts support leasing stability and tenant base depth.
- Access to major employers (Big Lots, AEP, Nationwide) underpins workforce demand and commute convenience.
- Moderate rent-to-income levels suggest room for measured rent optimization with attention to retention.
- Risks: below-metro-average safety metrics, lean amenity depth, and competition from ownership; plan for active management and targeted CapEx.