| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 55th | Good |
| Demographics | 48th | Fair |
| Amenities | 27th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1205 Rosehill Rd, Reynoldsburg, OH, 43068, US |
| Region / Metro | Reynoldsburg |
| Year of Construction | 1974 |
| Units | 27 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
1205 Rosehill Rd Reynoldsburg Multifamily Investment Opportunity
Neighborhood occupancy is strong, supporting stable rent rolls for well-run assets, according to WDSuite’s CRE market data. This positioning can help a 27-unit property compete on retention even as new supply across Columbus shifts lease-up dynamics.
Reynoldsburg is a suburban pocket within the Columbus, OH metro with a B+ neighborhood rating and an occupancy level of 97.4% at the neighborhood scale. For investors, that high occupancy signals steady renter demand and supports underwriting for retention and collections, while still requiring attention to product differentiation and service to maintain pricing power.
The asset’s 1974 vintage is older than the neighborhood’s average construction year of 1988. That age profile often implies near- to mid-term capital planning for systems and interiors, and it can create value-add potential through targeted renovations that reposition units against newer stock.
Livability drivers are mixed: grocery and pharmacy access are competitive among 580 Columbus neighborhoods and land in the top quartile nationally, while parks and cafes are sparse locally. Average school ratings across the neighborhood sit in the lower national range, which may influence renter profiles and marketing strategy more than day-to-day leasing velocity.
Within a 3-mile radius, population has grown in recent years with further increases forecast through 2028. Households are projected to expand and average household size is expected to trend smaller, pointing to a larger tenant base and sustained demand for multifamily units. Renter-occupied share at the neighborhood level is comparatively low (15.6%), but the broader 3-mile area shows a deeper renter pool at 46.6%, expanding the catchment for leasing. Median contract rents in the area sit below many fast-growth metros, and a rent-to-income ratio around 0.14 suggests manageable affordability pressure that can support resident retention and measured rent growth.
Home values in the neighborhood are moderate relative to many coastal markets. That ownership landscape can create some competition with entry-level homebuying, yet it also supports consistent apartment demand from households prioritizing flexibility, which can aid lease renewal rates and occupancy stability.
Safety indicators are mixed when benchmarked nationally. Neighborhood-level measures sit below the national median, with property and violent offense rates placing in lower national percentiles. Recent trend signals point to a modest year-over-year decline in property offenses, while violent offense estimates increased over the same period. For investors, this calls for pragmatic asset management: proven lighting, access controls, and resident engagement can help support retention and reputation, especially when marketing to the broader Columbus renter base.
The surrounding Columbus employment base includes consumer goods, distribution, and major corporate headquarters, supporting commuter convenience and a diverse renter pool reflected at the property. The list below highlights nearby employers that anchor daily demand and can aid leasing stability.
- Dr Pepper Snapple Group — consumer goods (5.5 miles)
- Wesco Distribution — distribution (6.7 miles)
- L Brands — retail corporate (7.9 miles) — HQ
- Avnet Services - LifeCycle Solutions — technology services (8.8 miles)
- Nationwide — insurance (9.8 miles) — HQ
This 27-unit, 1974-vintage asset in Reynoldsburg is positioned within a suburban Columbus neighborhood where occupancy is elevated and local rents are manageable relative to incomes. Based on CRE market data from WDSuite, steady neighborhood occupancy supports underwriting for retention, while moderate rent-to-income levels suggest room for disciplined rent optimization without materially increasing turnover risk. The older vintage points to targeted capex and unit refresh opportunities to bolster competitiveness against newer product.
Demand fundamentals extend beyond the immediate block: within a 3-mile radius, population and household counts have grown and are projected to continue rising, with smaller household sizes indicating more renters entering the market. Access to groceries and pharmacies is strong for the metro, and proximity to multiple corporate employers supports a diversified renter base. Balanced against these strengths are considerations around below-median national safety metrics, limited parks/cafes nearby, and school ratings that trend lower nationally—factors to address through operations, amenities, and marketing.
- High neighborhood occupancy supports stable rent rolls and renewal prospects
- 1974 vintage offers clear value-add and systems-capex planning pathways
- 3-mile radius shows growth in population and households, expanding the tenant base
- Strong access to groceries/pharmacies and proximity to major employers aid leasing
- Risks: below-median national safety metrics, limited nearby parks/cafes, and lower school ratings