| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 43rd | Fair |
| Demographics | 28th | Poor |
| Amenities | 16th | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 2399 Eakin Rd, Columbus, OH, 43204, US |
| Region / Metro | Columbus |
| Year of Construction | 1988 |
| Units | 48 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
2399 Eakin Rd Columbus Multifamily Opportunity
Steady neighborhood occupancy and proximity to major Columbus employers point to durable renter demand, according to WDSuite’s CRE market data. Positioning and operations will matter given mixed local amenities and schools.
Located in an Inner Suburb of Columbus, the neighborhood posts an estimated 92% occupancy, trending higher over the past five years. That places the area slightly above the national midpoint and suggests baseline stability for lease-ups and retention, based on CRE market data from WDSuite. Renter-occupied housing accounts for roughly 43% of units in the neighborhood, indicating a meaningful renter concentration and a reasonably deep tenant base for a 48-unit asset.
Everyday convenience skews practical over lifestyle: grocery access is competitive among Columbus neighborhoods (ranked 21 out of 580 locally), while cafes, restaurants, parks, and pharmacies are limited in the immediate vicinity. Average school ratings in the neighborhood are low, which can moderate family-driven demand and may require pricing and marketing calibrated to workforce renters.
Construction patterns nearby skew older (average vintage circa 1964). With a 1988 build, this property is newer than much of the surrounding stock—supporting relative competitiveness—though investors should still plan for system updates or selective renovations typical of late-1980s assets.
Within a 3-mile radius, the population and household counts have grown in recent years, with projections indicating additional household growth and smaller average household size. This points to a larger renter pool and supports occupancy stability. Neighborhood home values are lower relative to many U.S. areas, which can introduce some competition from ownership alternatives; however, rent-to-income levels in the area imply manageable affordability pressure, aiding lease retention if management remains disciplined.
Safety indicators place the neighborhood in a less favorable tier versus many Columbus subareas (crime rank 488 out of 580 metro neighborhoods), and well below the national median (single-digit national percentile). Recent estimates also show year-over-year increases in both violent and property offenses. For investors, this typically means emphasizing on-site security measures, resident screening, and partnership with local community resources to support tenant retention.
Context matters: performance can vary by block and property operations. Comparisons should be made against competitive workforce assets in similar Inner Suburb locations, with underwriting that reflects enhanced operating protocols and potential insurance considerations.
The area draws from a broad downtown-and-near-west employment base, supporting workforce housing demand and commute convenience for renters. Key nearby employers include Big Lots, American Electric Power, Nationwide, and additional regional corporate offices.
- Big Lots — retail HQ (3.0 miles) — HQ
- American Electric Power — utilities HQ (3.6 miles) — HQ
- Nationwide — insurance HQ (3.8 miles) — HQ
- Dr Pepper Snapple Group — beverage (8.7 miles)
- Wesco Distribution — industrial distribution (9.2 miles)
This 48-unit, 1988-vintage property competes against an older neighborhood base, offering a relative edge on curb appeal and systems while still presenting selective value-add potential. Neighborhood occupancy is around the national midpoint and improving, and the renter share indicates adequate depth for sustained leasing. Within a 3-mile radius, population and household growth—along with a trend toward smaller households—signals renter pool expansion that can support occupancy stability and disciplined rent growth. According to CRE market data from WDSuite, everyday amenities lean toward grocery convenience rather than lifestyle offerings, so demand is likely anchored by workforce renters and proximity to major employers.
Ownership costs in the area are comparatively accessible, which can create competition with entry-level ownership options. Underwriting should assume thoughtful finish levels, renewal-focused operations, and security enhancements given safety metrics. The combination of workforce demand drivers, proximity to downtown employers, and a newer-than-average vintage forms a pragmatic, defensible thesis for long-term hold with targeted capital planning.
- 1988 build competes well versus older neighborhood stock, with selective renovation upside
- Neighborhood occupancy near national midpoint and improving supports leasing stability
- 3-mile radius shows household growth and smaller household sizes, expanding the renter pool
- Proximity to major employers underpins workforce renter demand and retention
- Risks: below-average safety indicators and accessible ownership options require careful pricing, security, and renewal strategy