| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 60th | Best |
| Demographics | 67th | Good |
| Amenities | 66th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 4800 Knightsbridge Blvd, Columbus, OH, 43214, US |
| Region / Metro | Columbus |
| Year of Construction | 1982 |
| Units | 82 |
| Transaction Date | 2007-12-20 |
| Transaction Price | $3,841,500 |
| Buyer | ST GEORGE COMMONS LP |
| Seller | ST GEORGE GREEK ORTHODOX FOUNDATION |
4800 Knightsbridge Blvd Columbus Multifamily Investment
Positioned in an inner-suburban A-rated neighborhood with strong renter concentration and proximity to major employers, the asset benefits from durable tenant demand and operational resilience, according to WDSuite’s CRE market data. Stabilization and value-add execution are supported by amenity access and income profiles that help sustain leasing velocity.
The property sits in an Inner Suburb location ranked 56 out of 580 Columbus neighborhoods (A rating), indicating it is competitive among Columbus neighborhoods for overall livability. Local retail and service coverage is solid — restaurants and cafes track in the top quartile nationally, childcare and pharmacy access are strong, while park access is limited. Average school ratings are modest, which can influence unit mix positioning toward working professionals and households prioritizing commute and convenience.
Neighborhood housing dynamics point to a deep renter base: renter-occupied housing accounts for a majority share locally, supporting demand depth and lease-up consistency. Neighborhood occupancy is below national norms, which suggests leasing management and concessions strategy matter more for near-term performance; however, amenity density and income levels provide a foundation for retention and renewal strategies.
Within a 3-mile radius, demographics show a larger tenant base supported by rising household counts and smaller average household sizes over the past five years, with projections indicating further household growth by 2028. Income levels have trended higher, and median contract rents remain aligned with renter budgets, helping manage affordability pressure and supporting pricing discipline.
Ownership costs in the area are elevated relative to household incomes, which tends to reinforce reliance on multifamily rentals and can aid retention. Built in 1982, the property is newer than the neighborhood’s average vintage, which helps competitive positioning versus older stock while leaving room for targeted system upgrades and interior modernization to capture rent premiums through practical value-add.
Safety indicators for the neighborhood sit around the metro median (crime rank 288 of 580 Columbus neighborhoods). Compared with neighborhoods nationwide, safety stands below national averages, reflecting lower national percentiles for both violent and property offenses. For asset planning, this typically argues for attentive onsite management, lighting and access controls, and resident engagement to support retention.
Recent trends are mixed: property offense estimates have improved year over year, while violent offense estimates increased. For investors, the directionality suggests continued focus on operational controls and partnership with neighborhood resources to support long-run stability.
Proximity to large corporate employers supports workforce housing demand and commute convenience for residents. Nearby anchors include Fuse by Cardinal Health, Cardinal Health, Nationwide, and American Electric Power.
- Fuse by Cardinal Health — healthcare innovation (4.5 miles)
- Cardinal Health — healthcare distribution (5.4 miles)
- Cardinal Health — healthcare distribution (5.6 miles) — HQ
- Nationwide — insurance & financial services (6.4 miles) — HQ
- American Electric Power — utilities (6.6 miles) — HQ
This 82-unit, 1982-vintage asset offers exposure to an A-rated Inner Suburb with strong renter concentration, solid amenity density, and proximity to major employers. Neighborhood occupancy trends have been softer than national norms, but the depth of the renter pool and rising incomes support leasing durability; according to CRE market data from WDSuite, median rents in the area track with local incomes, helping manage affordability pressure and underpinning retention.
Vintage and location point to a practical value-add path: mid-1980s construction is relatively competitive versus older neighborhood stock, yet targeted renovations and system upgrades can enhance positioning and capture premiums. Within a 3-mile radius, household growth and smaller household sizes expand the renter pool, while ownership costs encourage continued reliance on multifamily, supporting long-term demand.
- A-rated Inner Suburb with amenity density and strong renter concentration supports demand depth
- 1982 vintage offers value-add potential versus older local stock through targeted upgrades
- 3-mile household growth and rising incomes bolster leasing velocity and retention
- Employer adjacency (Cardinal Health, Nationwide, AEP) underpins workforce housing demand
- Risks: neighborhood safety sits below national averages and occupancy is softer, requiring active management