| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 60th | Good |
| Demographics | 77th | Best |
| Amenities | 39th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 3940 Moundview Rd, Hilliard, OH, 43026, US |
| Region / Metro | Hilliard |
| Year of Construction | 1983 |
| Units | 76 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
3940 Moundview Rd Hilliard Multifamily Investment
Inner-suburban Hilliard shows resilient renter demand and steady occupancy supported by high household incomes, according to WDSuite’s CRE market data. Positioning in a predominantly owner-occupied area can favor tenant retention and measured rent optimization without over-reliance on rapid lease-up.
Located in an inner suburb of Columbus, the neighborhood ranks 100th of 580 metro neighborhoods (A- rating), placing it in the competitive tier among Columbus submarkets for investors evaluating fundamentals. Parks access is a relative strength (top decile nationally), and grocery availability is above national norms, while cafes and pharmacies are limited within the immediate neighborhood footprint.
The neighborhood’s average occupancy trends near the national midpoint and below the Columbus metro median, which suggests stable leasing but calls for disciplined asset management to preserve occupancy. Renter concentration at the neighborhood level is below half of units, indicating a sizable but not saturated multifamily tenant base; in investor terms, this supports demand depth without excessive supply dependence.
Construction year for the property is 1983, notably older than the neighborhood’s average vintage (1997). For investors, this points to potential value-add through targeted renovations and systems upgrades, coupled with capital planning to keep the asset competitive against newer stock.
Within a 3-mile radius, population and household counts have been growing and are projected to continue increasing by 2028, signaling renter pool expansion that can support occupancy stability. Elevated household incomes and a low rent-to-income burden locally translate into manageable affordability pressure, which can aid lease retention and measured pricing power. Median home values are on the higher side for the region, a high-cost ownership context that tends to reinforce reliance on multifamily housing for many households.
Relative to U.S. neighborhoods, the area benchmarks in the lower national percentiles for safety, and it performs below the Columbus metro median on crime measures. This means reported offense rates are higher than in many peer neighborhoods nationwide, so investors commonly underwrite proactive measures such as lighting, access control, and community engagement to support resident experience and retention.
Recent year-over-year estimates indicate upward movement in both property and violent offense rates. While block-level conditions can vary, prudent underwriting would account for these trends and consider coordination with local resources and on-site protocols to mitigate risk over the hold period.
Proximity to major corporate employers supports a broad white-collar workforce and commute convenience for residents, including Cardinal Health, Big Lots, and American Electric Power. These anchors help stabilize renter demand and can aid retention for workforce-oriented units.
- Cardinal Health — healthcare distribution offices (5.7 miles)
- Fuse by Cardinal Health — technology/innovation (5.8 miles)
- Cardinal Health — corporate offices (6.0 miles) — HQ
- Big Lots — retail headquarters (6.0 miles) — HQ
- American Electric Power — utilities (9.9 miles) — HQ
This 76-unit, 1983-vintage asset in Hilliard pairs inner-suburban stability with value-add potential. Neighborhood occupancy sits around the national midpoint but below the Columbus metro median, suggesting steady leasing with room for operational focus. High household incomes, a low rent-to-income burden, and a growing 3-mile tenant base support durable demand and measured rent growth. Based on CRE market data from WDSuite, the area’s park access and grocery convenience are relative strengths, while limited cafes/pharmacies and softer safety metrics warrant calibrated underwriting.
The asset’s older vintage relative to neighborhood stock creates a clear path for targeted renovations to enhance competitive positioning versus newer deliveries. A predominantly owner-occupied backdrop and proximity to major employers further underpin demand resilience and retention potential over the hold period.
- Inner-suburban location with stable occupancy and growing 3-mile renter pool
- 1983 vintage offers value-add and systems-upgrade upside versus newer stock
- High household incomes and low rent-to-income burden support pricing power and retention
- Park and grocery access are relative strengths; limited cafes/pharmacies are manageable trade-offs
- Risks: below-metro safety benchmarks and occupancy require active management and prudent underwriting