| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 61st | Best |
| Demographics | 77th | Best |
| Amenities | 28th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1929 Opal St, Reynoldsburg, OH, 43068, US |
| Region / Metro | Reynoldsburg |
| Year of Construction | 2006 |
| Units | 90 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
1929 Opal St, Reynoldsburg OH Multifamily Investment
Stabilized renter demand and above-median neighborhood occupancy support steady operations, according to WDSuite’s CRE market data. 2006 vintage offers competitive positioning versus older local stock while leaving room for selective upgrades.
Reynoldsburg’s Inner Suburb setting combines commuter convenience with everyday services. Restaurant density ranks among the top quartile of the Columbus metro (45 out of 580 neighborhoods), and grocery access is similarly strong (94 out of 580), while parks, cafes, and childcare options are thinner. This mix supports day-to-day livability and resident retention without relying on destination amenities—an important context for commercial real estate analysis.
Neighborhood occupancy is above the metro median (288 of 580; 94.8% level) and sits above the national median by percentile, which points to comparatively stable tenancy. Rents are above the national median (local median contract rent: $1,260) with five-year growth, suggesting pricing power when balanced against income levels. The renter-occupied share of housing units in the neighborhood (35.5%) is above the national median by percentile, indicating a meaningful tenant base to support multifamily leasing.
Within a 3-mile radius, demographics show population and household growth over the last five years, with forecasts indicating continued population gains and a notable increase in households as average household size declines. For investors, that implies a larger tenant base and ongoing renter pool expansion that can support occupancy stability and lease-up velocity, particularly for well-managed assets.
Home values in the neighborhood sit around the national midpoint, and the rent-to-income ratio (0.18) suggests manageable affordability pressure relative to many markets. In practical terms, that can aid lease retention and measured rent growth, provided operators remain attentive to value and service quality.
Safety indicators trend mixed but improving. On a national basis, the neighborhood sits slightly above the median for overall safety by percentile, with recent declines in both violent and property offense rates over the last year (violent offenses down roughly one-third; property offenses down by mid-teens). These improvements suggest positive momentum without implying block-level conditions.
Within the Columbus metro, conditions vary by sub-area; investors should view safety as comparable to broader regional norms and continue standard risk management practices (lighting, access controls, resident screening) to support tenant retention and asset performance.
Nearby corporate employment is diversified across beverage, distribution, technology services, retail, and business services, supporting commuter convenience and a steady renter pipeline for workforce and middle-income households.
- Dr Pepper Snapple Group — beverage (7.1 miles)
- Wesco Distribution — distribution (8.4 miles)
- Avnet Services - LifeCycle Solutions — technology services (9.1 miles)
- L Brands — retail (9.4 miles) — HQ
- The Xerox Company — business services (10.1 miles)
Built in 2006, the asset is newer than the neighborhood’s average vintage (1995), positioning it competitively against older local stock while still benefiting from targeted modernization to enhance appeal. Neighborhood occupancy sits above the metro median and above the national median by percentile, and rent levels track above national norms with demonstrated five-year growth—factors that, according to CRE market data from WDSuite, align with steady demand and measured pricing power.
Within a 3-mile radius, recent population and household growth, with forecasts calling for continued gains and smaller household sizes, point to renter pool expansion that can support leasing and retention. A moderate rent-to-income ratio and a renter-occupied housing share above national medians add depth to the tenant base, while proximity to diversified employers underpins day-to-day demand. Key watch items include limited nearby parks/cafes and the need for ongoing safety and operational best practices.
- 2006 vintage offers competitive positioning with selective value-add potential
- Above-median occupancy and rents support stable cash flow potential
- 3-mile population and household growth bolster tenant base and leasing
- Risks: thinner park/cafe supply and ongoing safety/operations diligence