| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 56th | Good |
| Demographics | 17th | Poor |
| Amenities | 38th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 3438 Calimero Dr, Columbus, OH, 43224, US |
| Region / Metro | Columbus |
| Year of Construction | 1973 |
| Units | 76 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
3438 Calimero Dr, Columbus OH Multifamily Investment
Neighborhood occupancy has held above national medians and renter concentration is high, supporting demand durability according to WDSuite’s CRE market data.
Located in an inner-suburb pocket of Columbus rated C+, the neighborhood shows steady renter demand with a high share of renter-occupied housing units, indicating a deep tenant base for multifamily owners. Neighborhood occupancy refers to the broader area, not this property, and trends have been stable relative to national medians based on WDSuite’s data.
Livability is mixed: park access scores in the top quartile nationally, while everyday conveniences like grocery, pharmacy, and cafes are thinner nearby. Restaurants are competitive with metro peers, and childcare density ranks strongly, which can aid retention for family-oriented renter households.
Within a 3-mile radius, households have grown in recent years and are projected to expand further, implying a larger tenant base over the next cycle. Population growth is modest, but household counts are rising, which can support occupancy stability and leasing velocity for value-oriented units.
Home values are relatively accessible on an absolute basis, yet the value-to-income relationship is elevated versus many U.S. neighborhoods. That ownership context often sustains reliance on rentals, while rent-to-income levels locally suggest manageable affordability pressure that can help lease retention.
Average school ratings in the immediate neighborhood trail national norms. Investors should underwrite to renter segments less driven by school quality or plan for amenities and services that enhance resident satisfaction independent of school performance.
Safety indicators for the neighborhood are below national medians, with both property and violent offense measures comparing less favorably to many U.S. neighborhoods. Recent year-over-year shifts point to volatility, so prudent investors typically budget for security-minded operations and monitor trendlines alongside citywide initiatives.
Within the Columbus metro (580 neighborhoods), this area does not rank among the top quartile for safety; it skews closer to the less-safe side of the distribution. Use neighborhood-level context for underwriting rather than block-specific assumptions, and align on preventative measures (lighting, access control, partnerships with local patrols) appropriate for workforce housing.
The area draws from a broad employment base that supports workforce renter demand, including logistics and blue-chip corporate offices such as Wesco Distribution, L Brands, Dr Pepper Snapple Group, Nationwide, and American Electric Power.
- Wesco Distribution — distribution (2.3 miles)
- L Brands — corporate offices (3.1 miles) — HQ
- Dr Pepper Snapple Group — beverage corporate offices (3.9 miles)
- Nationwide — insurance (5.6 miles) — HQ
- American Electric Power — utilities (5.8 miles) — HQ
This 76-unit asset benefits from a renter-heavy neighborhood and stable area occupancy, supporting consistent tenant demand at attainable price points. Household counts within a 3-mile radius have increased and are projected to rise further, suggesting a larger renter pool that can underpin leasing and renewal activity.
Built in 1973, the property likely warrants targeted capital planning for systems and interiors; this can create value-add potential while remaining competitive against nearby older stock. According to CRE market data from WDSuite, neighborhood-level occupancy trends compare favorably to national medians, while ownership costs relative to incomes help sustain reliance on multifamily housing.
- High renter concentration in the neighborhood supports a deep tenant base and demand durability.
- Neighborhood occupancy has remained solid, aiding leasing stability versus broader national trends.
- 3-mile household growth and projected expansion suggest a larger renter pool over the next cycle.
- 1973 vintage offers value-add potential through selective renovations and system upgrades.
- Risks: below-median safety metrics and income sensitivity require conservative underwriting and active management.