| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 48th | Fair |
| Demographics | 55th | Good |
| Amenities | 60th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 5638 Little Ben Cir, Columbus, OH, 43231, US |
| Region / Metro | Columbus |
| Year of Construction | 1979 |
| Units | 119 |
| Transaction Date | 2015-07-10 |
| Transaction Price | $4,900,000 |
| Buyer | Wolfe Sumrok LBC, LLC |
| Seller | Rockford Homes |
5638 Little Ben Cir Columbus Multifamily Investment
High renter concentration and stable neighborhood occupancy support durable demand, according to WDSuite’s CRE market data.
This Inner Suburb location in Columbus ranks in the top quartile among 580 metro neighborhoods (A- rating), signaling competitive fundamentals for workforce-oriented rentals. Neighborhood occupancy trends sit around metro norms, and a high share of renter-occupied housing units points to a deep tenant base and steady leasing velocity.
Daily-life amenities skew toward services and recreation: cafes, parks, and childcare density are strong relative to the metro and above national averages, while walkable grocery and pharmacy options are thinner. For investors, that mix favors resident convenience for families and service workers but may slightly reduce errand walkability.
At the neighborhood level, rent-to-income ratios indicate manageable affordability pressure, which can aid retention and measured pricing power. Median home values are moderate for Columbus, which can create some competition from entry-level ownership; however, a sizable renter pool helps sustain multifamily demand and supports occupancy stability over the hold period.
Demographic statistics within a 3-mile radius show recent population and household growth, with households projected to expand further alongside rising incomes. This points to a larger tenant base over time and reinforces demand depth for mid-size apartments like this asset s typical unit mix. The property s 1979 vintage is slightly older than the neighborhood average year built, suggesting potential value-add through interior updates and systems modernization to maintain competitive positioning.
Compared with Columbus overall, the neighborhood s safety profile trends below the metro median among 580 neighborhoods and sits in the lower national percentiles. Recent reporting indicates a year-over-year uptick in violent offenses alongside elevated property offense levels, so investors typically underwrite for security enhancements, lighting, and resident engagement to support retention and asset protection.
These measures are common in urban-inner suburban submarkets and can help manage risk while benefiting from the area s renter demand and location advantages.
Proximity to major employers supports a broad commuter tenant base and leasing resiliency, led by L Brands, Wesco Distribution, Dr Pepper Snapple Group, Nationwide, and American Electric Power.
- L Brands corporate offices (3.2 miles) HQ
- Wesco Distribution corporate offices (5.1 miles)
- Dr Pepper Snapple Group corporate offices (6.8 miles)
- Nationwide corporate offices (8.8 miles) HQ
- American Electric Power corporate offices (9.1 miles) HQ
5638 Little Ben Cir offers scale at 119 units in a neighborhood that ranks in the top quartile among Columbus submarkets, with renter-occupied housing share supporting depth of demand. Occupancy tracks near metro norms while amenity density favors parks, cafes, and childcare; thinner grocery and pharmacy options are a modest convenience tradeoff. Based on CRE market data from WDSuite, rent-to-income levels suggest manageable affordability pressure, which can support retention and measured rent growth.
Constructed in 1979, the asset is slightly older than the neighborhood average year built, presenting value-add and systems-capital opportunities to enhance competitive standing against newer stock. Within a 3-mile radius, recent population and household gains and projections for additional household growth point to a larger tenant base over time, reinforcing demand stability for mid-size units.
- Top-quartile Columbus location with strong renter concentration supporting demand
- Occupancy near metro norms with amenity depth in parks, cafes, and childcare
- 1979 vintage offers value-add and capital planning levers to drive NOI
- 3-mile household and income growth expands tenant base and supports leasing
- Risks: below-median safety profile and limited walkable grocery/pharmacy access