| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 45th | Fair |
| Demographics | 39th | Poor |
| Amenities | 40th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 2227 Durant Ave, Columbus, OH, 43232, US |
| Region / Metro | Columbus |
| Year of Construction | 1980 |
| Units | 60 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
2227 Durant Ave, Columbus OH Multifamily Investment
Positioned in an inner-suburban pocket of Columbus with entrenched renter demand and nearby employment nodes, this asset offers operational upside as neighborhood occupancy trends have improved, according to WDSuite s CRE market data.
The property sits in an Inner Suburb neighborhood rated B- and ranked 324 of 580 within the Columbus metro competitive among Columbus neighborhoods. Grocer access is a relative strength (nationally above the 80th percentile), and childcare availability also stands out, while restaurants are adequately represented. By contrast, parks, pharmacies, and cafes are limited locally, which may modestly temper walkable lifestyle appeal compared with higher-amenity submarkets.
Neighborhood occupancy is roughly 87% and has edged higher over the past five years; note this metric reflects the neighborhood, not the property. The renter-occupied share is high (about three-quarters of housing units), indicating a deep tenant base that can support leasing velocity and stabilize renewal exposure in typical cycles.
Within a 3-mile radius, population and household counts have grown in recent years, and forecasts point to continued household expansion by 2028. This suggests a larger tenant base and supports demand for rental units over the medium term. Household incomes in the 3-mile area have risen, improving rent coverage for a segment of renters, though lease management should remain attentive to affordability at the neighborhood level.
Home values in the neighborhood sit at the lower end for Columbus, but the value-to-income ratio ranks in a high national percentile, signaling that ownership can be a relatively high-cost proposition versus local incomes. For investors, that context typically sustains renter reliance on multifamily housing and can aid retention, though pricing power should be calibrated to affordability conditions. The asset s 1980 vintage is slightly newer than the neighborhood average, offering competitive positioning versus 1970s stock; targeted system updates and common-area refreshes may unlock value-add returns.
Safety indicators for this neighborhood are below national averages, with ranks and percentiles placing it on the less-safe end of the spectrum. Compared with 580 Columbus metro neighborhoods, its crime rank positions it in the lower half, and nationally it sits well below the median percentiles. Recent year-over-year readings indicate property and violent offense rates have risen, so investors should underwrite appropriate security measures and insurance assumptions while monitoring trend direction.
Framing these data comparatively: national percentiles for both violent and property offenses are low (i.e., less safe relative to most U.S. neighborhoods), and within the metro it is not among the top-tier safety performers. While this does not preclude stable operations, it argues for pragmatic asset management lighting, access controls, and resident engagement and a leasing strategy aligned to the local renter profile.
Proximity to established employers supports a steady renter pool and commute convenience for workforce households. Notable nearby firms include Dr Pepper Snapple Group, Avnet Services LifeCycle Solutions, Wesco Distribution, The Xerox Company, and Nationwide.
- Dr Pepper Snapple Group beverage operations (4.5 miles)
- Avnet Services LifeCycle Solutions technology services (5.1 miles)
- Wesco Distribution industrial distribution (6.2 miles)
- The Xerox Company business services (6.3 miles)
- Nationwide insurance & financial services (6.5 miles) HQ
2227 Durant Ave is a 60-unit, 1980-vintage asset in an inner-suburban Columbus neighborhood with a high concentration of renter-occupied housing and improving neighborhood occupancy. Grocers and childcare score well versus national peers, and a cluster of nearby employers helps underpin day-to-day leasing. According to CRE market data from WDSuite, neighborhood occupancy has trended up, while a high renter concentration points to depth in the tenant base.
Within a 3-mile radius, recent population and household growth, coupled with projected household expansion by 2028, support a larger renter pool and potential occupancy stability. At the property level, the 1980 vintage provides a modest competitive edge over older local stock; selective capital projects systems, unit interiors, and curb appeal can position the asset for value-add returns. Investors should balance this with pragmatic underwriting around affordability pressure in the immediate neighborhood and safety metrics that warrant active management.
- High renter-occupied share locally supports a deeper tenant base and leasing stability
- Neighborhood occupancy has improved, aiding renewal and revenue management
- Grocer and childcare access compare well nationally; strong everyday convenience
- 1980 vintage offers value-add potential via targeted renovations and system upgrades
- Risks: below-average safety percentiles and affordability pressure require proactive asset and lease management