| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 63rd | Best |
| Demographics | 54th | Fair |
| Amenities | 31st | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 3800 Battersea Dr, Groveport, OH, 43125, US |
| Region / Metro | Groveport |
| Year of Construction | 1990 |
| Units | 64 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
3800 Battersea Dr, Groveport OH Multifamily Opportunity
Neighborhood occupancy is solid and renter demand is reinforced by a balanced renter-occupied share, according to WDSuite s CRE market data, positioning this submarket for durable leasing performance.
Located in Groveport s Inner Suburb, the neighborhood carries a B+ rating and is competitive among Columbus neighborhoods (ranked 210 out of 580). Amenity access trends mixed: park availability sits in the top quartile nationally, while restaurants and groceries are around the national mid-range; cafes and pharmacies are comparatively limited. For investors, this points to day-to-day convenience with room for continued retail and service infill over time.
Neighborhood multifamily fundamentals are constructive. The neighborhood s occupancy is 94.9% (neighborhood metric), with stability improving modestly over the last five years. The renter-occupied share is 49.9% (neighborhood tenure), indicating a deep tenant base that supports leasing continuity and renewals.
Within a 3-mile radius, demographics show a mixed near-term picture but stronger forward outlook. Recent five-year trends indicate a small population dip alongside smaller household sizes; however, forecasts call for population growth and a notable increase in households by 2028, expanding the renter pool and supporting occupancy stability. Median contract rents in the neighborhood are in the national mid-range and have risen over the past five years, consistent with steady renter demand rather than speculative spikes.
Ownership costs in the neighborhood remain elevated relative to local incomes (value-to-income ratio in the upper national percentiles), which tends to sustain reliance on rental housing and supports pricing power. At the same time, a rent-to-income ratio near 0.29 suggests some affordability pressure to manage through lease strategies and renewals.
The property s 1990 vintage is older than the neighborhood s average construction year (2001). For investors, that typically implies planning for targeted capital expenditures and potential value-add upgrades to enhance competitive positioning against newer stock.
Safety indicators for the neighborhood trend below national averages (national percentiles for crime are on the lower side), which warrants prudent underwriting for security, lighting, and property management practices. Notably, reported property offense rates have declined year over year, indicating improving momentum, while violent incident measures show volatility that investors should monitor over time.
Relative positioning should be considered in a metro context rather than block-by-block precision. Operators who incorporate standard risk-mitigation measures and maintain active resident engagement typically find this supports retention and asset performance despite broader-area statistics.
The area draws from a diversified employment base that supports workforce housing demand and commute convenience, including electronics services, document technology, beverages, and major headquarters in insurance and utilities.
- Avnet Services LifeCycle Solutions electronics lifecycle services (3.6 miles)
- The Xerox Company document technology (4.7 miles)
- Dr Pepper Snapple Group beverage group (6.6 miles)
- American Electric Power regulated utility (8.2 miles) HQ
- Nationwide insurance and financial services (8.2 miles) HQ
This 64-unit, 1990-vintage asset benefits from stable neighborhood occupancy, a near-even renter concentration that supports a durable tenant base, and an employment base within a short commute. The vintage suggests scope for targeted renovations and systems upgrades, positioning the property for value-add returns versus newer competition. According to commercial real estate analysis from WDSuite, neighborhood rents sit around the national mid-range with steady five-year growth, while ownership costs remain elevated relative to incomes a combination that tends to sustain multifamily demand and supports leasing stability.
Forward-looking demographics within a 3-mile radius point to renter pool expansion as population and households are projected to grow through 2028, reinforcing occupancy and renewal prospects. Investors should balance these positives against affordability management (rent-to-income near 0.29), safety metrics that trend below national averages, and the capital needs typical of late-20th-century construction.
- Stable neighborhood occupancy with a sizable renter-occupied base supports leasing continuity
- 1990 vintage creates value-add potential via targeted renovations and system upgrades
- Employment access to nearby corporate offices and major HQs underpins demand and retention
- Forecast growth in population and households within 3 miles supports occupancy stability
- Risks: subpar safety percentiles, affordability pressure (rent-to-income), and CapEx typical for 1990 assets