| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 35th | Poor |
| Demographics | 23rd | Poor |
| Amenities | 75th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 4314 Dresden St, Columbus, OH, 43224, US |
| Region / Metro | Columbus |
| Year of Construction | 1973 |
| Units | 29 |
| Transaction Date | 2007-07-20 |
| Transaction Price | $3,100,000 |
| Buyer | RITHY OHIO LLC |
| Seller | NORTHLAND LLC |
4314 Dresden St Columbus 29-Unit Multifamily
Renter concentration in the surrounding neighborhood is elevated, supporting a deeper tenant base and potential leasing stability, according to WDSuite s CRE market data.
Positioned in Columbus inner suburbs, the property benefits from day-to-day convenience drivers: neighborhood data show strong grocery and pharmacy access, and restaurant density is competitive among Columbus neighborhoods. By contrast, cafe options and parks are limited locally, so lifestyle appeal hinges more on essential retail than on green space or coffeehouse clusters.
Neighborhood-level occupancy trends run softer than the metro median, which places a premium on hands-on leasing and renewal management. However, the share of housing units that are renter-occupied is high for the area, indicating a sizable renter pool that can support demand for multifamily units.
Within a 3-mile radius, demographics indicate modest population growth to date and a projected increase in households over the next five years. This points to a larger tenant base and potential renter pool expansion even as average household size edges lower, which can sustain unit absorption and support occupancy over time.
Ownership costs in the immediate area are relatively accessible compared with higher-cost metros. For investors, this can introduce some competition from entry-level ownership, but neighborhood rent-to-income levels suggest manageable affordability pressure that may aid lease retention when pricing is calibrated to local incomes.
Local safety metrics rank below the metro average (crime rank in the lower half among 580 Columbus neighborhoods) and trend weaker than many neighborhoods nationwide. For investor underwriting, this typically warrants conservative assumptions around security, lighting, and community engagement to support resident retention.
Recent trends are mixed: estimated property crime shows a meaningful year-over-year improvement, while violent crime measures remain elevated versus national benchmarks. A prudent plan includes monitoring neighborhood trends and coordinating with onsite practices to mitigate risk over the hold period.
Nearby employers span distribution, consumer brands, insurance, and utilities, supporting a diverse employment base and commute convenience that can help stabilize renter demand at the property. The list below reflects key employers within a short drive.
- Wesco Distribution distribution (3.8 miles)
- L Brands retail/apparel (3.8 miles) HQ
- Dr Pepper Snapple Group beverages (5.3 miles)
- Nationwide insurance (6.3 miles) HQ
- American Electric Power electric utility (6.5 miles) HQ
4314 Dresden St offers workforce-oriented exposure in Columbus inner-suburban fabric where essential retail access is strong and the share of renter-occupied housing supports a deep tenant base. While neighborhood occupancy has been softer, within a 3-mile radius the outlook points to an increase in households, which can expand the renter pool and help stabilize leasing with effective management and renewals.
Ownership remains relatively accessible locally, so pricing discipline is important to limit competition with entry-level ownership. Even so, rent-to-income levels indicate manageable affordability pressure, and, based on commercial real estate analysis from WDSuite, the area s amenity mix and proximity to major employers underpin steady demand for well-run multifamily assets.
- High renter concentration supports depth of tenant base and renewal potential.
- Strong access to essentials (groceries, pharmacies, restaurants) aids day-to-day livability and retention.
- 3-mile household growth outlook points to renter pool expansion and occupancy support.
- Proximity to diversified employers supports leasing velocity across economic cycles.
- Risks: submarket safety ranks below metro average and occupancy trends are softer; plan for active management and security investments.