| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 58th | Good |
| Demographics | 71st | Best |
| Amenities | 39th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 225 W Johnstown Rd, Columbus, OH, 43230, US |
| Region / Metro | Columbus |
| Year of Construction | 1982 |
| Units | 42 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
225 W Johnstown Rd Columbus Multifamily Investment
Neighborhood occupancy remains resilient with steady renter demand, according to WDSuite’s CRE market data. Investors can underwrite to stable fundamentals supported by an inner-suburb location and consistent leasing dynamics in the surrounding area.
Set within Columbus’s inner suburbs, the neighborhood ranks competitive among Columbus neighborhoods (124 of 580) with an A- rating, indicating balanced livability and investment appeal based on CRE market data from WDSuite. Neighborhood occupancy trends are solid and support income stability, while the local renter-occupied share suggests a moderate renter base that can support consistent leasing without heavy concessions.
Amenities skew practical rather than destination-driven. Pharmacies and childcare access score above most neighborhoods nationally, while restaurants are present at levels similar to many suburbs. Parks, cafés, and grocery options are sparser within the immediate neighborhood, so residents likely draw on nearby corridors for retail and services—typical of inner-ring suburban patterns and important for positioning as convenient workforce housing.
Within a 3-mile radius, demographics point to a growing and increasingly affluent renter pool. Population and household counts have risen in recent years and are projected to continue increasing, with smaller average household sizes over time—trends that add depth to multifamily demand and can support occupancy stability. Median household incomes in the 3-mile area are strong and rising, which helps sustain rent levels.
On pricing dynamics, neighborhood rents have climbed over the last five years, and the rent-to-income ratio sits at a level that indicates limited affordability pressure relative to many markets—favorable for retention and measured rent growth. Home values are elevated for the metro but not extreme by national standards; this creates some competition with ownership while still reinforcing steady rental demand, particularly for well-maintained units and professionally managed communities supported by disciplined commercial real estate analysis.
Safety indicators are mixed. Relative to the Columbus metro, the neighborhood’s crime rank suggests higher reported incidents than many peer neighborhoods. Nationally, the area sits around mid-range depending on the measure. Importantly, recent trend data shows meaningful year-over-year declines in both violent and property offenses, which is constructive for resident retention and underwriting assumptions over the medium term.
Investors should account for block-by-block variation and focus on property-level security, lighting, and resident experience. Continued improvement would support leasing stability; if trends reverse, marketing and operating strategies may need to adjust to maintain occupancy.
Proximity to distribution, consumer goods, retail corporate offices, and major insurance and utility headquarters supports a wide local employment base and commute convenience—factors that can aid tenant retention and leasing stability. The following employers are within a typical commute range for residents:
- Wesco Distribution — distribution (1.8 miles)
- Dr Pepper Snapple Group — consumer goods (2.2 miles)
- L Brands — retail corporate (2.7 miles) — HQ
- Nationwide — insurance (7.0 miles) — HQ
- American Electric Power — utilities (7.2 miles) — HQ
This 42-unit property sits in an inner-suburb location where neighborhood occupancy is strong and rents have advanced steadily, supporting predictable cash flow. Within a 3-mile radius, population and households are expanding and incomes are rising, pointing to a larger tenant base and sustained leasing velocity. According to CRE market data from WDSuite, rent-to-income levels suggest manageable affordability pressure, which can help underpin retention and measured rent growth relative to the broader Columbus metro.
Local employment anchors—from distribution and consumer goods to major retail, insurance, and utility headquarters—reinforce demand and reduce commute friction for residents. While ownership is relatively attainable in parts of the metro, the combination of steady neighborhood occupancy, practical amenities, and employer proximity supports durable renter demand and consistent performance through cycles.
- Stable neighborhood occupancy and moderate renter concentration support leasing consistency
- Expanding 3-mile population and household base increases depth of the tenant pool
- Rent-to-income levels indicate manageable affordability pressure, aiding retention and pricing power
- Proximity to major employers, including multiple HQs, supports demand and lowers commute friction
- Risks: above-metro crime readings and some competition from ownership options require active management and careful positioning