| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 69th | Best |
| Demographics | 84th | Best |
| Amenities | 16th | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1135 Whitney Ln, Westerville, OH, 43081, US |
| Region / Metro | Westerville |
| Year of Construction | 1995 |
| Units | 76 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
1135 Whitney Ln Westerville Multifamily Investment
Renter demand is supported by stable neighborhood occupancy and high-income households, according to WDSuite’s CRE market data. The area’s A- neighborhood rating and above-median schools point to steady leasing fundamentals rather than volatility.
Westerville’s A- rated neighborhood stands Top quartile among 580 metro neighborhoods for overall quality and demographics, indicating a broad, stable tenant base relative to the Columbus market. Neighborhood occupancy is solid and in the upper national range, supporting day-one leasing stability for multifamily assets.
Schools in the area trend strong (above national norms and competitive locally), which often correlates with deeper long-term renter demand and retention for family-oriented units. At the same time, the submarket skews suburban with limited immediate café, grocery, and restaurant density, so residents typically rely on nearby retail corridors rather than walkable blocks.
Construction in the neighborhood skews newer on average (2013 average vintage). With a 1995 build, the property is older than the surrounding stock—an investor consideration that can translate to value-add through interiors, systems, and common-area refresh, alongside prudent capital planning for aging components.
Within a 3-mile radius, demographics show a sizable and growing population and household base, with rising median incomes and an estimated 38.9% share of housing units that are renter-occupied. This mix supports a meaningful tenant pool and helps sustain occupancy. Elevated home values by neighborhood standards reinforce renter reliance on multifamily housing, which can aid pricing power while still requiring careful lease management to monitor affordability.
Safety metrics trend around the metro median compared with 580 Columbus neighborhoods, and below the national average for safety. Recent data points to a year-over-year decline in property offenses in the neighborhood, while violent-offense measures remain weaker than national benchmarks. For investors, this argues for standard security practices and active resident engagement, with the benefit of improving property-offense trends.
The location draws on a diversified white-collar employment base that supports renter demand and commute convenience, led by corporate headquarters and regional offices across retail, utilities, insurance, and distribution.
- L Brands — corporate offices (3.1 miles) — HQ
- Wesco Distribution — distribution (6.0 miles)
- Dr Pepper Snapple Group — beverages corporate offices (7.6 miles)
- Nationwide — insurance (10.8 miles) — HQ
- American Electric Power — utilities (11.1 miles) — HQ
This 76-unit, 1995-vintage asset sits in an A- rated Westerville neighborhood with occupancy levels that are competitive nationally and strong relative to Columbus peers. The area’s demographic strength and school quality contribute to depth and durability of the tenant base, while elevated ownership costs locally tend to sustain multifamily demand and support rent performance over time.
The property’s vintage is older than the neighborhood’s newer average stock, creating clear value-add angles via interior modernization and targeted capex, which can help narrow the competitiveness gap. Based on CRE market data from WDSuite, the 3-mile radius shows population growth, an increase in households, and a sizable renter pool expansion, all of which reinforce leasing stability. Balanced against these positives are suburban amenity density and safety metrics that warrant standard risk controls and hands-on operations.
- A- neighborhood and above-median schools support stable leasing and retention
- Occupancy competitive nationally with elevated home values reinforcing renter demand
- 1995 vintage offers value-add and capex-driven competitiveness versus newer local stock
- 3-mile demographics indicate population growth and renter pool expansion supporting absorption
- Risks: suburban amenity density, below-national safety metrics, and ongoing affordability management