| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 70th | Best |
| Demographics | 89th | Best |
| Amenities | 31st | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 939 Perry St, Columbus, OH, 43215, US |
| Region / Metro | Columbus |
| Year of Construction | 2013 |
| Units | 108 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
939 Perry St, Columbus Multifamily Investment
Deep neighborhood renter concentration and proximity to major employers point to durable leasing demand, according to CRE market data from WDSuite. Neighborhood metrics reflect renter-driven dynamics rather than property-specific performance.
The property sits in an Inner Suburb of Columbus rated A at the neighborhood level, competitive among 580 metro neighborhoods (ranked 62). The area leans renter-driven: renter-occupied share is very high (72.7% of housing units, top national percentile), indicating a sizable tenant base and generally supportive demand for multifamily.
Rents in the neighborhood skew premium versus peers (median contract rent ranked 17 of 580; above most U.S. neighborhoods), while the rent-to-income ratio trends lower than many urban locations. Combined with a median household income above national averages, this backdrop can help support retention and pricing discipline. Elevated home values relative to incomes (both in the mid-80s national percentiles) signal a high-cost ownership market that tends to sustain reliance on rentals.
Amenity density is mixed: parks and pharmacies index in the top decile nationally, but on-neighborhood counts for restaurants, cafes, and groceries are limited. Investors typically view this as a trade-off—strong open space and convenience retail access, with some everyday retail likely concentrated just beyond the neighborhood boundary.
Occupancy measured at the neighborhood level is below the national median and has softened modestly over five years, which warrants attention to leasing strategy and tenant retention. Still, net operating income per unit trends above national average ranges for the neighborhood cohort, and educational attainment is high (top national percentile), supporting a stable renter profile.
Within a 3-mile radius, demographics point to a growing and renter-heavy demand pool: population increased over the past five years and is projected to continue expanding, households grew faster than population (with average household size edging lower), and about three-quarters of housing units are renter-occupied. These trends suggest a larger near-term and forward pipeline of renters to support occupancy stability.
Neighborhood safety indicators are weaker than both metro and national averages. The area ranks in the lower half within Columbus (ranked 393 out of 580 neighborhoods), and national percentiles place it below typical U.S. neighborhoods for both property and violent offenses. Recent year-over-year readings indicate an uptick, so underwriting should incorporate robust property-level security measures and active management.
As with any urban infill location, crime can vary block to block and over time. Compare these neighborhood measures against comparable Columbus submarkets and prioritize on-site controls, lighting, access systems, and resident engagement when evaluating operating plans.
Nearby corporate anchors support a strong commuter renter base and help with leasing consistency. Key employers in close proximity include Nationwide, American Electric Power, Big Lots, Dr Pepper Snapple Group, and Wesco Distribution.
- Nationwide — insurance & financial services (1.17 miles) — HQ
- American Electric Power — utilities & corporate offices (1.26 miles) — HQ
- Big Lots — retail headquarters (4.99 miles) — HQ
- Dr Pepper Snapple Group — beverage offices (5.71 miles)
- Wesco Distribution — industrial distribution (5.73 miles)
Built in 2013, this 108‑unit asset is materially newer than much of the surrounding housing stock, offering competitive positioning versus older properties while allowing investors to plan targeted mid-life upgrades over the hold. The immediate neighborhood shows premium rent levels, a very high renter-occupied share, and elevated ownership costs—conditions that typically reinforce depth of the tenant base and support occupancy stability. According to CRE market data from WDSuite, neighborhood occupancy trends are below national medians, so execution around leasing, renewals, and unit turn efficiency is important.
Within a 3-mile radius, population and household counts have increased and are projected to expand further, with shrinking household sizes and rising incomes pointing to continued renter pool expansion. Proximity to major downtown employers adds daily commuter demand, while park and pharmacy access score well at the neighborhood level, enhancing livability for residents.
- 2013 vintage offers competitive appeal versus older stock, with runway for targeted modernization.
- Large renter base locally and within 3 miles supports demand depth and renewal velocity.
- Premium neighborhood rent tiers and high-cost ownership context support pricing power.
- Proximity to major employers (Nationwide, AEP, Big Lots) underpins commuter-driven leasing.
- Risk: neighborhood safety metrics and below-median occupancy require active security and leasing management.