| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 45th | Fair |
| Demographics | 39th | Poor |
| Amenities | 40th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 2233 Courtside Dr, Columbus, OH, 43232, US |
| Region / Metro | Columbus |
| Year of Construction | 1974 |
| Units | 101 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
2233 Courtside Dr Columbus Multifamily Investment
Renter demand is supported by a high concentration of renter-occupied housing in the surrounding neighborhood and a recent uptick in occupancy, according to WDSuite’s CRE market data. For investors, this points to steady leasing potential with value-add upside from a 1974 vintage asset.
The property sits in an Inner Suburb of Columbus rated B- and positioned as competitive among Columbus neighborhoods (208th of 580 on amenities). Neighborhood-level data from WDSuite indicates grocery access is a relative strength compared with national norms, while parks, pharmacies, and cafes are limited—suggesting everyday necessities are nearby but lifestyle amenities may be thinner within the immediate area.
At the neighborhood level, occupancy has edged higher over the past five years and the area shows a high renter concentration (about three-quarters of housing units are renter-occupied). For multifamily investors, that depth of renter-occupied stock supports a sizable tenant base and helps backfill turnover, though day-to-day leasing still depends on asset quality and management execution.
Within a 3-mile radius, demographics point to measured population growth recently, with households also increasing and projections calling for further gains by 2028. That trajectory implies a larger tenant base over time and can support occupancy stability and lease-up velocity as new households enter the market.
The neighborhood’s median home values are lower than many national peers, which can create some competition from ownership options. However, rents relative to local incomes point to affordability pressure in parts of the area, a factor that calls for careful lease management and renewal strategies. The property’s 1974 construction is slightly older than the neighborhood’s average vintage, presenting practical value-add and systems modernization opportunities to enhance competitiveness and drive rent trade-outs.
Safety indicators for the neighborhood trend below national norms, and the area ranks below the metro median for crime among 580 Columbus neighborhoods. WDSuite’s data shows property and violent offense rates that sit in lower national percentiles (strong percentiles indicate safer areas), so underwriting should incorporate enhanced security, lighting, and resident engagement as operating considerations.
Investors evaluating long-term holds may wish to track citywide crime trends and local initiatives, as submarket improvements can be uneven. Comparative analysis across nearby Columbus neighborhoods can help calibrate rent premiums, marketing, and operating protocols appropriately.
Nearby corporate offices provide a diverse employment base that supports renter demand and commute convenience for workforce housing. Key employers within typical commuting distance include beverages, technology services, industrial distribution, business services, and insurance headquarters.
- Dr Pepper Snapple Group — beverages (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 (6.4 miles) — HQ
2233 Courtside Dr offers investors exposure to a renter-heavy neighborhood where occupancy has trended upward and grocery access anchors day-to-day livability. The 1974 vintage signals potential value-add through interior upgrades and building systems work to sharpen competitive positioning versus slightly newer local stock. According to CRE market data from WDSuite, the immediate neighborhood maintains a sizable renter-occupied share, supporting tenant depth even as leasing outcomes depend on asset quality and operations.
Within a 3-mile radius, recent population and household growth—and forecasts indicating additional gains by 2028—suggest a gradually expanding renter pool that can support stabilized occupancy and renewal strategies. Balanced against this, safety metrics below national norms and localized affordability pressure warrant prudent underwriting, targeted capital planning, and calibrated rent setting.
- High renter concentration supports demand depth at the neighborhood level
- 1974 vintage offers value-add and systems modernization potential
- 3-mile radius shows population and household growth, supporting occupancy stability
- Grocery access is a relative amenity strength versus thinner nearby parks/cafes
- Risk: safety metrics below national norms and affordability pressure require careful lease and CapEx planning