| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 56th | Good |
| Demographics | 55th | Fair |
| Amenities | 76th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 858 Kinnear Rd, Columbus, OH, 43212, US |
| Region / Metro | Columbus |
| Year of Construction | 1972 |
| Units | 54 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
858 Kinnear Rd, Columbus OH Multifamily Investment
Positioned in an inner-suburb pocket with strong renter concentration and amenity access, this asset benefits from durable tenant demand according to WDSuite s CRE market data.
The property sits in an Inner Suburb neighborhood rated A and competitive among Columbus neighborhoods (ranked 69 out of 580, top quartile nationally). Daily needs are well-covered with restaurants, cafes, parks, and pharmacies showing above-average density versus national peers, supporting resident convenience and leasing appeal. Public school quality trends into the top quartile nationally, which can bolster family-oriented renter retention.
Neighborhood-level occupancy is discussed here as context, not as a statement about the property: the area s occupancy has been softer relative to national benchmarks in recent years, while the share of renter-occupied housing units is high. A renter concentration near the top of metro rankings indicates a deep tenant base for studios and smaller formats, helping support leasing velocity and renewal potential.
Within a 3-mile radius, demographics indicate population growth over the last five years and a notable increase in households, with additional household expansion projected by 2028. This trajectory points to a larger tenant base and supports occupancy stability for well-managed multifamily assets.
Home values in the neighborhood are elevated relative to incomes by metro standards, which tends to sustain reliance on rental housing and can support pricing power for competitive units. Median asking rents in the area have risen over the past five years, according to WDSuite s commercial real estate analysis, suggesting steady renter demand while keeping an eye on affordability and lease management.
Safety conditions should be evaluated within broader Columbus context. The neighborhood s crime rank sits in the lower half of the metro (ranked 377 out of 580), which is below metro average and falls into a lower national safety percentile. Property and violent offense rates track weaker than national norms, so investors should underwrite to prudent security measures and operational oversight, and compare recent trendlines against nearby submarkets when stress-testing rent growth and turnover assumptions.
Proximity to major corporate employers underpins workforce housing demand and commute convenience, with access to headquarters and regional offices including Nationwide, American Electric Power, Big Lots, Wesco Distribution, and Dr Pepper Snapple Group.
- Nationwide corporate offices (2.5 miles) HQ
- American Electric Power corporate offices (2.6 miles) HQ
- Big Lots corporate offices (5.0 miles) HQ
- Wesco Distribution corporate offices (6.0 miles)
- Dr Pepper Snapple Group corporate offices (6.3 miles)
This 54-unit asset, built in 1972, offers a clear value-add path: vintage suggests thoughtful capital planning for interiors and systems can strengthen competitive positioning against newer stock while leveraging a deep local renter pool. Neighborhood renter-occupied share ranks near the top of the metro, and household growth within a 3-mile radius points to an expanding tenant base that can support occupancy stability and leasing momentum.
Based on CRE market data from WDSuite, area rents have trended upward alongside elevated home values relative to incomes, which typically sustains renter reliance on multifamily housing and can support measured pricing power for well-executed renovations. Underwriting should consider neighborhood-level safety headwinds and occupancy softness versus national norms, balanced by strong amenity access, reputable schools, and proximity to large employers.
- 1972 vintage supports value-add through targeted renovations and system upgrades
- High renter-occupied share and growing 3-mile household base deepen the tenant pool
- Elevated ownership costs sustain reliance on rentals, aiding pricing power
- Employer proximity (Nationwide, AEP, Big Lots) supports retention and demand
- Risks: below-metro safety metrics and softer neighborhood occupancy warrant conservative underwriting