| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 50th | Fair |
| Demographics | 36th | Poor |
| Amenities | 70th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 6374 Busch Blvd, Columbus, OH, 43229, US |
| Region / Metro | Columbus |
| Year of Construction | 1978 |
| Units | 20 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
6374 Busch Blvd Columbus Multifamily Value-Add Opportunity
A deep renter base in the surrounding neighborhood supports consistent demand, according to WDSuite s CRE market data, while the 1978 vintage points to practical renovation upside for an investor targeting durable cash flow. Neighborhood statistics cited refer to the area, not the property.
Located in Columbus s inner-suburban corridor, the neighborhood rates B+ and ranks 180 of 580 metro neighborhoods, indicating competitive positioning among Columbus submarkets with generally stable fundamentals for workforce-oriented multifamily. Neighborhood occupancy stands near the metro middle, which supports steady leasing without relying on outsized rent growth.
Amenity access is a relative strength: grocery and restaurant density track above national averages (national percentiles roughly mid-80s and 80s), and cafes and childcare are similarly well represented. Park access is limited locally (ranked near the bottom among 580 metro neighborhoods), which may modestly reduce outdoor amenity appeal but is partially offset by day-to-day conveniences.
Tenure patterns show a high share of renter-occupied housing units (67%, rank 37 of 580), placing the area in the top quartile for renter concentration. For investors, that depth of the tenant base typically supports leasing velocity and reduces exposure to single-asset demand shocks. Median contract rents in the neighborhood are moderate and have risen over the last five years, suggesting room for a thoughtful value-add program calibrated to retention.
Within a 3-mile radius, recent demographic data show population gains over the past five years and a growing household count, with forecasts indicating further increases in households alongside smaller average household sizes. For multifamily, that combination points to a larger tenant base and potential support for occupancy stability. Home values remain comparatively accessible for the Columbus region, yet the value-to-income ratio sits above national midpoints, which can reinforce reliance on rental housing. Rent-to-income levels suggest manageable affordability pressure, supporting retention while indicating measured pricing power.
The asset s 1978 construction is slightly newer than the neighborhood s average vintage (1976). For investors, that typically means competitive positioning versus older stock while still warranting capital planning for systems modernization and unit upgrades to meet current renter expectations.
Safety indicators for the neighborhood trend weaker than both metro and national benchmarks. The area ranks 484 out of 580 Columbus metro neighborhoods, placing it below the metro median, and sits in a low national safety percentile. Recent estimates also point to year-over-year increases in both property and violent offenses locally.
Investors should underwrite prudent operating measures such as lighting, access controls, and tenant screening and consider how professional management and visibility along established corridors can support resident confidence and retention over time.
Proximity to major employers supports a broad renter pool with commute-friendly access, notably across retail/apparel, healthcare, distribution, and beverages. The list below highlights nearby anchors that can help sustain leasing and renewal momentum.
- L Brands retail/apparel (5.8 miles) HQ
- Fuse by Cardinal Health healthcare innovation (6.0 miles)
- Wesco Distribution electrical distribution (6.7 miles)
- Cardinal Health healthcare (6.9 miles) HQ
- Dr Pepper Snapple Group beverages (8.3 miles)
This 20-unit asset s neighborhood shows competitive standing in Columbus with renter demand supported by a high share of renter-occupied housing units and amenity density that is above national norms. According to CRE market data from WDSuite, neighborhood occupancy trends sit around the metro median, which favors steady leasing when paired with focused management. The 1978 vintage presents straightforward value-add potential through interior updates and systems modernization to elevate rent positioning without overreaching affordability.
Within a 3-mile radius, recent population gains and a rising household count with forecasts pointing to more households and smaller average household sizes suggest a larger tenant base that can support occupancy stability and renewal rates. Ownership costs are moderate in context, and rent-to-income levels indicate manageable affordability pressure, which can aid retention while requiring calibrated pricing strategy. Investors should also account for local safety readings that trail metro averages and plan appropriate property operations.
- High renter-occupied share in the neighborhood supports depth of tenant demand and leasing velocity
- Amenity-rich area (groceries, restaurants, childcare) enhances livability and renewal prospects
- 1978 vintage enables practical value-add through unit upgrades and systems improvements
- 3-mile demographics point to more households and smaller sizes, supporting occupancy stability
- Risk: Local safety metrics trail metro and national averages underwrite security and professional management