| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 52nd | Good |
| Demographics | 34th | Poor |
| Amenities | 27th | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 5580 Liegh Run Ct, Columbus, OH, 43228, US |
| Region / Metro | Columbus |
| Year of Construction | 1994 |
| Units | 64 |
| Transaction Date | 2017-10-12 |
| Transaction Price | $3,300,000 |
| Buyer | --- |
| Seller | --- |
5580 Liegh Run Ct Columbus Multifamily Investment
Neighborhood occupancy is high and renter concentration is solid, according to WDSuite’s CRE market data, supporting steady tenancy for this 64-unit, 1994-vintage asset in Columbus’s inner suburb.
This Inner Suburb location balances everyday convenience with workforce housing demand. Grocery access ranks strong locally (70 of 580 metro neighborhoods; 86th percentile nationally), and restaurant density is competitive (126 of 580; 75th percentile nationally). By contrast, nearby cafes, parks, and pharmacies are limited, so residents rely on broader retail corridors for lifestyle amenities. For investors, this mix points to practical livability with room for curated on-site offerings to enhance retention.
Neighborhood occupancy is ranked 139 of 580 metro neighborhoods — top quartile nationally — and has strengthened over the past five years, indicating durable leasing backstops for comparable assets, based on CRE market data from WDSuite. Renter-occupied housing comprises a majority of units locally, signaling a deep tenant base and consistent leasing velocity for multifamily.
Rents in the neighborhood track near the national midpoint, while the rent-to-income ratio sits below more pressured markets. That combination generally supports lease renewal rates and measured pricing power without overextending renters. Median home values remain comparatively accessible for the Columbus region, which can introduce some competition from entry-level ownership, but elevated neighborhood occupancy and a sizable renter pool help sustain demand for multifamily.
Within a 3-mile radius, recent years show modest population growth alongside a larger increase in households, with forecasts through 2028 indicating further population expansion and meaningful household gains. This translates into a larger tenant base and potential renter pool expansion that can support occupancy stability and incremental rent growth for well-positioned properties.
The property’s 1994 construction is newer than the neighborhood’s average vintage (1976 rank: 283 of 580), offering competitive positioning versus older stock. Investors should still underwrite routine modernization of building systems and common areas to maintain relevance against newer deliveries.
Safety indicators for the neighborhood trail both metro and national benchmarks. Using WDSuite’s comparative framework, overall crime ranks 400 out of 580 Columbus metro neighborhoods, and national percentiles for both violent and property offenses sit in lower ranges, indicating a less favorable safety profile relative to many U.S. neighborhoods.
Year-over-year signals show a recent uptick in violent offense measures. Investors often address this by prioritizing lighting, access control, and community engagement, and by monitoring citywide trends to see whether conditions normalize. As always, evaluate property-specific security features and recent incident trends rather than relying solely on neighborhood-level statistics.
Proximity to major employers supports workforce housing demand and commute convenience for residents. Notable nearby employers include Big Lots, American Electric Power, Nationwide, Fuse by Cardinal Health, and Cardinal Health.
- Big Lots — corporate offices (2.4 miles) — HQ
- American Electric Power — corporate offices (7.6 miles) — HQ
- Nationwide — corporate offices (7.8 miles) — HQ
- Fuse by Cardinal Health — corporate offices (11.4 miles)
- Cardinal Health — corporate offices (11.6 miles)
This 64-unit property, built in 1994 with average unit size around 739 square feet, competes favorably against older neighborhood stock while leaving room for targeted upgrades. Strong neighborhood occupancy (ranked 139 of 580 metro neighborhoods) and a majority renter-occupied housing base point to depth of demand and leasing durability. According to CRE market data from WDSuite, rents align near national midpoints and the rent-to-income ratio is comparatively manageable, supporting renewal potential and measured rent growth.
Within a 3-mile radius, steady population growth and a larger increase in households translate to renter pool expansion in the medium term, with forecasts through 2028 indicating further gains. Amenity access is practical—groceries and dining score well—while limited parks and cafes suggest value-add potential through on-site activations. Investors should underwrite security and operating discipline given neighborhood safety signals and keep an eye on entry-level ownership competition when setting pricing strategy.
- Occupancy strength and majority renter-occupied housing support stable leasing
- 1994 vintage offers competitive positioning with scope for targeted modernization
- Household growth within 3 miles expands the tenant base and supports retention
- Practical amenity access; potential to add on-site features to enhance stickiness
- Risks: below-average safety metrics and some competition from entry-level ownership