| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 60th | Best |
| Demographics | 61st | Good |
| Amenities | 64th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 2075 Arway Dr, Hilliard, OH, 43026, US |
| Region / Metro | Hilliard |
| Year of Construction | 1987 |
| Units | 60 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
2075 Arway Dr Hilliard Multifamily Investment Opportunity
Renter demand is supported by a high neighborhood renter-occupied share and dense daily-needs amenities, according to WDSuite’s CRE market data. Expect steady leasing fundamentals with room for value-add given the vintage relative to newer nearby stock.
The property sits in an Inner Suburb of Columbus with an A neighborhood rating and ranks 75 out of 580 metro neighborhoods—placing it in the top quartile among 580 metro neighborhoods based on WDSuite’s CRE market data. Retail and services are a local strength: restaurants and grocery options score in the high national percentiles, helping support resident convenience and day-to-day livability for renters.
Amenity density is notable, with restaurants and grocery stores ranking in the 97th percentile nationally, and cafés near the top as well. Parks and childcare are comparatively limited in the immediate area, which investors should consider when targeting households seeking those features; however, the overall amenity mix still favors daily errands and employment access.
Multifamily fundamentals are balanced: neighborhood occupancy is around the metro median (rank 413 of 580), while renter concentration is elevated with 46.4% of housing units renter-occupied (86th percentile nationally). For investors, this indicates a sizable tenant base that can support lease-up and retention even as competition evolves.
Within a 3-mile radius, population and households have grown in recent years, with forecasts pointing to additional household growth and a modest reduction in average household size—conditions that typically expand the renter pool and support occupancy stability. Median household incomes in the 3-mile area are strong and rising, while median contract rents remain accessible relative to incomes, reinforcing leasing durability rather than short-term price sensitivity.
Construction year average in the neighborhood skews newer (2001), while this asset was built in 1987. The older vintage suggests potential value-add via interior upgrades and common-area improvements, along with prudent capital planning for systems nearing mid-life, which can enhance competitive positioning versus newer comparables.
Home values in the neighborhood sit in a mid-range nationally, and a rent-to-income ratio near the national midpoint points to manageable affordability pressure—factors that can aid lease retention and measured rent growth without overextending tenants.
Safety metrics are mixed relative to peers. The neighborhood’s crime rank is 468 out of 580 in the Columbus metro, indicating it trails much of the metro on this dimension, and it sits in the lower national percentiles for safety. For investors, this calls for thoughtful underwriting around security measures, insurance, and tenant screening, and for positioning that emphasizes the submarket’s employment access and amenity strengths.
Trend indicators show recent year-over-year increases in both property and violent offense estimates for the neighborhood. While such measures can be cyclical, prudent asset management should factor in on-site lighting, access control, and partnership with local resources to support resident experience over the hold period.
Nearby corporate offices anchor a diverse employment base that supports renter demand through commute convenience. Key employers within an easy drive include Big Lots, Fuse by Cardinal Health, American Electric Power, Nationwide, and Cardinal Health.
- Big Lots — retail HQ (3.1 miles) — HQ
- Fuse by Cardinal Health — healthcare innovation office (7.7 miles)
- American Electric Power — utilities corporate offices (7.8 miles) — HQ
- Cardinal Health — healthcare services (8.2 miles) — HQ
- Nationwide — insurance corporate offices (7.9 miles) — HQ
This 60-unit, 1987-vintage asset offers stable suburban fundamentals with meaningful value-add angles. Neighborhood occupancy trends track close to the metro median, while a high share of renter-occupied housing units signals depth in the tenant base. Dense daily-needs amenities and proximity to multiple headquarters support leasing consistency, and, according to CRE market data from WDSuite, the area’s rents remain generally aligned with incomes—supportive of retention-focused operations.
Forward-looking demand indicators within a 3-mile radius show population and household growth with a gradual shift toward smaller households, expanding the renter pool and supporting occupancy stability. Given the asset’s older vintage relative to nearby stock, targeted renovations and capital planning can improve competitive positioning and capture measured rent premiums without overreliance on aggressive lease trade-outs.
- Sizable renter base (46.4% renter-occupied neighborhood share) supports leasing depth and retention
- Amenity-dense Inner Suburb location with strong access to corporate employers
- 1987 vintage creates value-add and CapEx planning opportunities versus newer local stock
- 3-mile trends point to population and household growth, expanding the renter pool
- Risks: safety metrics below metro average and limited nearby parks/childcare; underwrite security and tenant profile accordingly