| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 56th | Good |
| Demographics | 17th | Poor |
| Amenities | 38th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 2436 Innis Rd, Columbus, OH, 43224, US |
| Region / Metro | Columbus |
| Year of Construction | 1989 |
| Units | 32 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
2436 Innis Rd Columbus Multifamily Investment
Neighborhood fundamentals indicate a deep renter base and steady occupancy, according to WDSuite’s CRE market data. Metrics cited refer to the surrounding neighborhood, not the property, and point to stable renter demand with potential for operational improvements.
Located in an Inner Suburb of Columbus, the neighborhood carries a C+ rating and is positioned 387 out of 580 metro neighborhoods. That places it below the metro median overall, yet with several supportive demand signals for multifamily owners.
Renter-occupied housing accounts for a high share of units in this neighborhood, indicating a deep tenant pool for smaller assets and supporting demand stability. Neighborhood occupancy is above national median levels (60th percentile nationally), which helps underpin leasing consistency even as conditions shift. Median contract rents sit near the middle of national distributions, offering room to compete on value without relying on outsized concessions.
Livability is mixed: parks density ranks in the top quintile nationally, while retail conveniences such as cafes, groceries, and pharmacies are comparatively sparse. For investors, that combination often favors workforce housing with car-dependent routines rather than walkable, amenity-rich positioning. Average school ratings are low versus national benchmarks, which can influence household preferences and length of stay for certain tenant profiles.
The property’s 1989 vintage is newer than the neighborhood’s average 1970s housing stock, which can enhance competitive positioning versus older assets; however, investors should still anticipate selective system updates or common-area refreshes to meet current renter expectations. Within a 3-mile radius, population and household counts have grown modestly in recent years and are projected to expand further by 2028, suggesting a larger tenant base that can support occupancy stability. Rising incomes in the 3-mile area and elevated value-to-income ratios locally indicate a high-cost ownership market relative to earnings, which typically sustains multifamily reliance rather than shifting demand toward for-sale housing.
Safety trends should be considered alongside leasing strategy. The neighborhood’s safety profile ranks below the metro average (crime rank 385 among 580 Columbus neighborhoods) and falls in lower national percentiles for safety, indicating higher reported crime than many areas nationwide. Recent data also shows a year-over-year uptick in reported violent incidents, while property offenses remain elevated compared with national norms.
For investors, this typically calls for well-defined onsite management plans, lighting and access controls, and resident engagement to support retention. Submarket context and property-level operating practices can materially affect outcomes versus neighborhood-wide statistics.
Proximity to established employers supports renter demand through commute convenience, with a concentration of corporate offices within a short drive including Wesco Distribution, L Brands, Dr Pepper Snapple Group, Nationwide, and American Electric Power.
- Wesco Distribution — electrical distribution (2.2 miles)
- L Brands — retail/apparel (3.0 miles) — HQ
- Dr Pepper Snapple Group — beverage (3.8 miles)
- Nationwide — insurance (5.6 miles) — HQ
- American Electric Power — utilities (5.9 miles) — HQ
This 32-unit asset offers exposure to a renter-heavy neighborhood with occupancy levels above national medians and balanced rent positioning. Based on CRE market data from WDSuite, the surrounding area shows stable neighborhood occupancy alongside a high share of renter-occupied units, supporting a consistent tenant pipeline. The 1989 vintage is relatively newer than much of the local housing stock, creating a platform for targeted value-add through modernization rather than full repositioning.
Within a 3-mile radius, population and household counts have grown modestly and are projected to expand further by 2028, pointing to a larger renter pool and support for occupancy stability. Elevated home value-to-income ratios in the neighborhood suggest a high-cost ownership context relative to earnings, which generally reinforces reliance on rental housing. Key considerations include neighborhood safety metrics that trail metro and national norms and limited walkable retail, which should be managed with operating discipline and asset-specific improvements.
- Renter-heavy neighborhood and above-median occupancy support leasing stability
- 1989 vintage offers value-add potential via selective modernization
- 3-mile population and household growth expand the tenant base
- High-cost ownership context sustains multifamily demand
- Risks: below-average safety metrics and limited nearby retail require focused management