| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 72nd | Best |
| Demographics | 61st | Good |
| Amenities | 46th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 3170 Bethel Rd, Columbus, OH, 43220, US |
| Region / Metro | Columbus |
| Year of Construction | 1987 |
| Units | 20 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
3170 Bethel Rd, Columbus OH Multifamily Investment
Neighborhood fundamentals point to steady renter demand and above-metro occupancy stability, according to WDSuite’s CRE market data. High renter-occupied share in the surrounding area supports leasing durability for a 20-unit asset at this address.
Located in an inner suburb of Columbus rated A- (94th of 580 metro neighborhoods), the area performs in the top quartile among metro neighborhoods and above national medians on several housing metrics. Neighborhood occupancy is above the metro median, and a high share of renter-occupied units (top 5% within the metro) indicates deep tenant demand for multifamily.
Livability drivers skew toward daily conveniences: grocery access is strong (near the 98th national percentile) with solid pharmacy coverage, and restaurants are competitive nationally. Park and café density are limited within the neighborhood footprint, so resident appeal leans more on retail and services than recreational green space or coffee-shop nodes.
Within a 3-mile radius, recent population growth and a larger household base alongside smaller average household size point to a gradually expanding renter pool, supporting occupancy stability and lease-up consistency. Median contract rents in the neighborhood sit around the upper third nationally, while a moderate rent-to-income ratio suggests manageable affordability pressure that can aid retention and reduce turnover risk.
The property’s 1987 vintage is slightly older than the neighborhood average (late 1980s). For investors, this typically implies targeted capital planning for building systems and an opportunity to capture value-add upside through focused renovations and modernization, enhancing competitive positioning against newer stock.
Safety indicators are mixed relative to broader comparisons. Neighborhood crime levels track below national averages (around the lower third nationally), which warrants prudent security and operating practices. Property offenses have trended down year over year, an encouraging sign, while violent offense rates sit in a weaker national percentile and should be monitored over time. Interpreting these trends at the neighborhood—not property—level can help calibrate insurance, lighting, and access-control priorities.
Proximity to major employers anchors the local renter base, with strong representation from healthcare distribution, discount retail headquarters, and insurance within a short drive. The following nearby employers support commute convenience and leasing stability: Fuse by Cardinal Health, Cardinal Health, Cardinal Health HQ, Big Lots HQ, and Nationwide HQ.
- Fuse by Cardinal Health — healthcare innovation lab (2.3 miles)
- Cardinal Health — healthcare distribution (2.8 miles)
- Cardinal Health — healthcare distribution (3.1 miles) — HQ
- Big Lots — discount retail (7.4 miles) — HQ
- Nationwide — insurance (8.5 miles) — HQ
This 20-unit, late-1980s asset benefits from a neighborhood that ranks in the top quartile among 580 Columbus metro neighborhoods, with renter concentration in the top decile locally—supporting a deep tenant base and durable occupancy. Daily-needs amenities are strong (notably grocery and pharmacy access), while restaurants are competitive nationally, reinforcing resident convenience and lease retention. Based on commercial real estate analysis from WDSuite, neighborhood occupancy trends sit above the metro median, and area rent levels pair with moderate rent-to-income ratios that can support stable collections.
The 1987 vintage suggests manageable capital planning with potential value-add upside through interior and systems updates, positioning the property competitively versus newer stock. Near-term risks include limited park and café density for lifestyle differentiation and mixed safety readings that call for standard operational mitigants, but the employment base and expanding 3-mile household counts point to sustained multifamily demand.
- Top-quartile neighborhood standing in the Columbus metro supports demand and pricing power
- High renter-occupied share signals depth of tenant base and occupancy stability
- Strong daily-needs amenities (grocery/pharmacy) and competitive restaurant access aid retention
- 1987 vintage with value-add potential via targeted renovations and system upgrades
- Risks: limited park/café density and mixed safety metrics require proactive management