| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 69th | Best |
| Demographics | 54th | Fair |
| Amenities | 45th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 2846 Sawbury Blvd, Columbus, OH, 43235, US |
| Region / Metro | Columbus |
| Year of Construction | 1983 |
| Units | 80 |
| Transaction Date | 2012-07-01 |
| Transaction Price | $4,300,000 |
| Buyer | Primas Investments, LLC |
| Seller | Sawbury Commons, LLC |
2846 Sawbury Blvd Columbus Multifamily in High-Occupancy Suburb
Neighborhood occupancy remains resilient and renter demand is supported by strong local services, according to CRE market data from WDSuite. For investors, stability at the neighborhood level points to steady leasing conditions rather than outsized volatility.
Located in an Inner Suburb of Columbus, the property benefits from a neighborhood rated A- and ranked 121 out of 580 metro neighborhoods, placing it above the metro median. Occupancy for the neighborhood sits in the top quartile among 580 metro neighborhoods and in a high national percentile, signaling durable leasing conditions for multifamily assets.
Amenity access skews practical: grocery availability is notably strong (competitive nationally), childcare density is also robust, while cafes, parks, and pharmacies are limited within the neighborhood footprint. For investors, this mix favors everyday convenience that can support retention even without a heavy entertainment or park presence. Restaurant density tracks above national norms, adding dining optionality for residents.
Tenure dynamics indicate a deep renter base, with renter-occupied share around two-thirds of housing units in the neighborhood. This concentration generally supports a wider tenant pool and leasing stability for professionally managed assets.
Within a 3-mile radius, demographics show population growth over the last five years alongside a larger increase in households, pointing to smaller household sizes and a broader renter pool. Looking ahead to 2028, population and households are projected to increase further, which typically supports occupancy stability and absorption for well-located multifamily properties. Median contract rents in the area remain mid-market relative to national comparisons, and a moderate rent-to-income profile suggests manageable affordability pressure that can aid lease retention.
Home values sit near national mid-range levels, while the neighborhood’s value-to-income positioning leans higher than many areas nationwide. In practice, a relatively high-cost ownership market can reinforce reliance on rental housing and sustain demand depth for multifamily, supporting pricing power and renewal capture for operators.
Safety metrics for the neighborhood trend below national medians and are slightly below the metro median among 580 Columbus neighborhoods. Nationally, the neighborhood sits in a lower safety percentile overall, indicating comparatively higher reported crime than many U.S. neighborhoods.
Recent momentum is mixed: estimated property offenses have declined materially year over year, while violent offense measures remain weaker nationally. Investors should underwrite with conservative assumptions and emphasize on-site management, lighting, and access controls, while noting that improving property-crime trends can support perception and retention if sustained.
The area draws on a diversified employment base anchored by healthcare distribution and corporate headquarters, supporting commute convenience and steady renter demand. Key employers include Fuse by Cardinal Health, Cardinal Health, Big Lots, and Nationwide.
- Fuse by Cardinal Health — healthcare technology/innovation (1.3 miles)
- Cardinal Health — healthcare distribution (1.7 miles) — HQ
- Cardinal Health — healthcare distribution offices (1.9 miles)
- Big Lots — retail (10.8 miles) — HQ
- Nationwide — insurance (11.0 miles) — HQ
This 80-unit asset sits in an Inner Suburb with neighborhood fundamentals that favor income stability: occupancy is strong and the renter concentration is high, supporting a broad tenant base. According to CRE market data from WDSuite, the neighborhood ranks in the top quartile for occupancy among 580 Columbus neighborhoods, while neighborhood-level NOI per unit is competitive across the metro. Ownership costs in the area trend relatively high versus incomes, which often sustains reliance on rentals and supports pricing power for professionally managed communities.
Within a 3-mile radius, the past five years show population growth with an even faster rise in households, indicating smaller household sizes and a larger renter pool. Forecasts point to further gains in both population and households by 2028, which typically supports absorption and renewal capture for stabilized assets. Rent levels remain mid-market relative to national context, and rent-to-income metrics suggest manageable affordability pressure that can aid retention.
- High neighborhood occupancy and deep renter base support steady leasing
- Diversified nearby employers (healthcare, retail, insurance) reinforce demand
- Household growth and projected population gains expand the renter pool
- Ownership costs relative to income sustain rental reliance and pricing power
- Risk: safety metrics trail national medians—underwrite with prudent operating assumptions