| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 62nd | Best |
| Demographics | 38th | Poor |
| Amenities | 16th | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 5675 Chatford Dr, Columbus, OH, 43232, US |
| Region / Metro | Columbus |
| Year of Construction | 1994 |
| Units | 20 |
| Transaction Date | 1992-10-27 |
| Transaction Price | $127,500 |
| Buyer | MAGELLAN PROPERTY MANAGEMENT LLC |
| Seller | THE DEROBERTS FAMILY LP |
5675 Chatford Dr Columbus Multifamily Opportunity
Neighborhood occupancy near 5675 Chatford Dr has held in the low 90s, supporting steady tenancy and cash flow resilience, according to WDSuite’s commercial real estate analysis.
This Inner Suburb pocket of Columbus shows a renter-driven housing base, with a very high share of renter-occupied units that ranks among the highest across 580 Columbus neighborhoods. For multifamily owners, that depth of renters supports ongoing leasing activity and a broad tenant pool. Neighborhood occupancy trends are in the low 90s, which typically aids renewal rates and reduces downtime between turns, based on CRE market data from WDSuite.
Local amenity access is mixed. Dining and cafes are strengths, with restaurant density competitive among Columbus neighborhoods (well within the leading ranks of 580 areas) and top quartile nationally. By contrast, grocery, pharmacies, and park access within the neighborhood rate weaker versus both metro and national benchmarks, suggesting residents likely rely on nearby corridors for daily needs.
The property’s 1994 vintage is newer than the neighborhood’s average construction year (1973 across 580 Columbus neighborhoods), positioning it competitively versus older stock. Investors should still plan for mid-life system updates and select modernization to maintain positioning against renovated comparables.
Home values here reflect a high-cost ownership market relative to local incomes (higher national percentile for value-to-income), which tends to sustain rental demand and can support pricing power. Rent-to-income levels indicate manageable affordability pressure, a positive for retention and leasing stability. School ratings track in lower national percentiles, which may modestly influence family renter demand assumptions, but the broader renter concentration and service employment base continue to underpin multifamily demand.
Within a 3-mile radius, population and household counts have been rising and are projected to continue growing, pointing to a larger tenant base over time. Increasing household incomes in the radius also support leasing fundamentals and potential rent growth while reinforcing demand for quality, well-managed units.
Safety indicators benchmark below national medians, suggesting higher crime exposure than many U.S. neighborhoods. Within the Columbus metro, the area does not sit among the safer-ranked neighborhoods, so prudent security measures and close monitoring are warranted in underwriting.
Recent data also show property incidents trending lower year over year, an improvement investors can track as part of ongoing operations planning and risk management.
Nearby corporate offices provide a diversified employment base that supports renter demand and commute convenience, including Dr Pepper Snapple Group, Avnet Services - LifeCycle Solutions, Wesco Distribution, The Xerox Company, and L Brands.
- Dr Pepper Snapple Group — corporate offices (5.4 miles)
- Avnet Services - LifeCycle Solutions — corporate offices (6.8 miles)
- Wesco Distribution — corporate offices (7.0 miles)
- The Xerox Company — corporate offices (7.9 miles)
- L Brands — corporate offices (8.8 miles) — HQ
5675 Chatford Dr offers exposure to a renter-heavy Columbus submarket where neighborhood occupancy sits in the low 90s and the share of renter-occupied units ranks among the highest in the metro, supporting a deep tenant base and leasing durability. The 1994 construction is newer than the neighborhood average, giving the asset relative competitiveness versus older stock; plan for mid-life system upgrades and targeted renovations to sustain positioning. According to CRE market data from WDSuite, strong dining/cafe density and a high-cost ownership context relative to incomes reinforce rental reliance, while limited in-neighborhood grocery and park access should be considered in amenity and operations strategy.
Within a 3-mile radius, recent and projected growth in population and households points to a larger tenant base and supports occupancy stability over the long term. Rising incomes in the same radius can aid rent performance, though safety metrics below national medians and weaker school ratings warrant conservative underwriting and active management.
- Renter-heavy neighborhood and low-90s occupancy support steady leasing and renewals
- 1994 vintage is newer than local average, with value-add via modernization and system updates
- High-cost ownership context sustains rental demand and potential pricing power
- 3-mile radius shows population and household growth, enlarging the tenant base
- Risks: below-median safety and limited in-neighborhood groceries/parks; manage via security, resident services, and disciplined underwriting