| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 71st | Best |
| Demographics | 89th | Best |
| Amenities | 71st | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 805 Burr Ave, Columbus, OH, 43212, US |
| Region / Metro | Columbus |
| Year of Construction | 2012 |
| Units | 42 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
805 Burr Ave, Columbus OH — 42-Unit Multifamily Investment
Newer 2012 construction in an A+ inner-suburb pocket with high renter concentration supports leasing durability and pricing discipline, according to WDSuite’s CRE market data.
This inner-suburb location is among the strongest-performing areas of Columbus, carrying an A+ neighborhood rating and ranking 7th out of 580 metro neighborhoods. Amenity access is solid by national comparison (around the 70th percentile), with dense restaurant, café, childcare, grocery, and park options nearby; however, pharmacies are relatively sparse, which may modestly affect daily convenience for residents.
For investors, demand signals are constructive. The neighborhood’s occupancy rate is high and Competitive among Columbus neighborhoods, and it sits above national norms (approximately upper-third nationally). Neighborhood rents have trended higher over the past five years, and median contract rents are elevated relative to the metro backdrop, reinforcing the area’s positioning for stabilized cash flow rather than deep discount leasing.
Tenure patterns indicate depth in the renter pool: about 57.6% of housing units in the neighborhood are renter-occupied, while within a 3-mile radius renters account for roughly three-quarters of units. This renter concentration supports a larger tenant base and can underpin occupancy stability for professionally managed multifamily assets.
Demographics aggregated within a 3-mile radius show population growth over the last five years with a notable increase in households and families, and forecasts point to continued gains through 2028. Smaller average household sizes and a sizable 18–34 population share suggest steady demand for apartments, which can aid lease-up velocity and renewal retention.
Ownership costs in the neighborhood are elevated (home values rank near the top of the metro and around the mid-80s percentile nationally). That high-cost ownership market tends to sustain reliance on rental housing and can support multifamily pricing power, while a neighborhood rent-to-income ratio near 0.17 indicates manageable affordability pressure that can help retention.
Safety indicators are mixed. Relative to neighborhoods nationwide, this area sits below the national median on safety (around the 30th percentile), and within the Columbus metro its safety rank is roughly mid-pack (ranked 297 out of 580). At the same time, estimated property offense rates have improved year over year, suggesting recent directional progress. Investors should underwrite with prudent security and lighting plans and monitor trends over time rather than relying on block-level assumptions.
Proximity to downtown and near-west employment anchors supports commuter convenience and renter demand, notably from financial services, utilities, and retail headquarters including Nationwide, American Electric Power, Big Lots, Dr Pepper Snapple Group, and Wesco Distribution.
- Nationwide — insurance & financial services (1.3 miles) — HQ
- American Electric Power — utilities (1.3 miles) — HQ
- Big Lots — retail HQ & corporate (4.6 miles) — HQ
- Dr Pepper Snapple Group — beverage offices (6.0 miles)
- Wesco Distribution — industrial distribution offices (6.1 miles)
The asset’s 2012 vintage is materially newer than the neighborhood’s older housing stock, positioning it competitively versus 1960-era supply and potentially reducing near-term capital needs while still allowing targeted upgrades for differentiation. High neighborhood occupancy with a positive five-year trend and a majority renter-occupied housing base point to a durable tenant pool and stable leasing. Elevated home values in the area tend to reinforce multifamily demand and support pricing power, while rent-to-income levels suggest manageable affordability pressure for renewals and retention.
Population and household growth within a 3-mile radius, coupled with proximity to multiple headquarters and downtown employers, supports ongoing renter pool expansion and leasing stability. Based on commercial real estate analysis from WDSuite, neighborhood occupancy trends sit above national norms and are Competitive among Columbus neighborhoods, aligning the property with steady, income-focused performance rather than speculative lease-up.
- 2012 construction competes well against older local stock, with potential value-add via selective modernization
- High neighborhood occupancy and strong renter concentration support demand depth and renewal stability
- Elevated ownership costs in the area bolster reliance on rentals and pricing power
- Employer proximity (Nationwide, AEP, Big Lots) underpins steady leasing from commuter households
- Risks: safety metrics are below national median; limited nearby pharmacies; maintain prudent security/retention strategies