| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 64th | Best |
| Demographics | 44th | Fair |
| Amenities | 31st | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 253 E 12th Ave, Columbus, OH, 43201, US |
| Region / Metro | Columbus |
| Year of Construction | 2010 |
| Units | 82 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
253 E 12th Ave Columbus Multifamily Investment
2010-vintage, 82-unit asset positioned in an Urban Core neighborhood where renter-occupied housing is prevalent and daily needs are close by, according to WDSuite’s CRE market data. Newer construction than much of the area’s housing stock supports competitive positioning versus older alternatives.
The property sits in a B-rated Urban Core neighborhood that ranks above the metro median (253 of 580 Columbus neighborhoods), per commercial real estate analysis from WDSuite. Proximity to necessities is a strength: the neighborhood ranks near the top of the metro for grocery and restaurant access, while parks, cafes, childcare, and pharmacies are limited within the neighborhood boundary.
Renter concentration is high (renter-occupied share ranks among the top Columbus neighborhoods out of 580), indicating a deep tenant base and consistent multifamily demand. Neighborhood occupancy has improved over the past five years, though it still trails many Columbus neighborhoods, suggesting leasing strategies should emphasize retention and targeted marketing to sustain stability.
Home values in the neighborhood are elevated relative to incomes, and the value-to-income ratio ranks in the top decile metro-wide. In investor terms, a high-cost ownership landscape tends to reinforce reliance on multifamily rentals, supporting demand depth and pricing power, while a rent-to-income ratio near one-third flags potential affordability pressure that warrants attentive lease management.
Within a 3-mile radius, population and households have expanded in recent years, with forecasts pointing to further household growth and a sustained presence of 18–34-year-olds. This points to a larger renter pool over time, which can support occupancy stability and steady leasing for well-positioned assets.
Safety indicators are mixed and should be evaluated with care. The neighborhood’s crime rank sits in the lower tier among 580 Columbus neighborhoods, and national comparisons place it below typical U.S. neighborhoods for safety. Recent year data also show increases in both property and violent offenses. Investors should plan for pragmatic measures such as lighting, access control, and partnership with professional security vendors, calibrated to the property’s specific risk profile.
Nearby employment anchors include major corporate offices that underpin local renter demand by shortening commutes and broadening the tenant base: Nationwide, American Electric Power, Wesco Distribution, Dr Pepper Snapple Group, and Big Lots.
- Nationwide — insurance & financial services (1.9 miles) — HQ
- American Electric Power — utilities (2.2 miles) — HQ
- Wesco Distribution — industrial distribution (4.4 miles)
- Dr Pepper Snapple Group — beverage offices (4.7 miles)
- Big Lots — retail (6.3 miles) — HQ
This 2010 construction stands out against a neighborhood where the average home vintage is much older, offering a competitive edge on building systems and resident appeal while leaving room for selective upgrades to drive rent and retention. The surrounding neighborhood is above the metro median and shows strong access to daily needs, while a very high renter-occupied share supports a deep tenant base. According to CRE market data from WDSuite, neighborhood occupancy has trended up over five years, and neighborhood NOI per unit benchmarks are strong relative to the metro, both consistent with resilient renter demand.
Investor focus should balance these strengths with pragmatic risk controls. Neighborhood safety metrics trail both metro and national norms, and a rent-to-income ratio near one-third suggests affordability pressure that calls for disciplined lease management and amenity programming that supports renewal probability. Demographic signals within a 3-mile radius point to ongoing household growth and a large 18–34 renter cohort, which can support occupancy stability with thoughtful positioning and operations.
- 2010-vintage asset competitive versus older neighborhood stock; targeted upgrades can unlock value
- Deep renter base and improving neighborhood occupancy support leasing stability
- Strong access to groceries and restaurants enhances resident convenience and retention
- 3-mile household growth and large 18–34 cohort expand the renter pool over time
- Risks: below-average safety and affordability pressure require proactive operations and tenant retention strategies