| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 36th | Best |
| Demographics | 23rd | Poor |
| Amenities | 20th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1002 E Columbus St, Kenton, OH, 43326, US |
| Region / Metro | Kenton |
| Year of Construction | 2012 |
| Units | 32 |
| Transaction Date | 2011-12-08 |
| Transaction Price | $314,000 |
| Buyer | KENTON SENIOR HOUSING LLC |
| Seller | MARKOTA LLC |
1002 E Columbus St, Kenton OH Multifamily Investment
Stabilized neighborhood occupancy and a newer 2012 build position this 32-unit asset for steady operations, according to WDSuite’s CRE market data. The rural location serves local workforce housing needs, with rents that skew lower than national norms supporting lease retention.
Kenton’s rural neighborhood context offers everyday essentials with limited density of cafes and childcare, but basic retail and parks are present at modest levels. Neighborhood occupancy trends sit above the metro median among 16 local neighborhoods, signaling generally steady renter demand rather than volatile lease-up dynamics, based on WDSuite’s CRE market data.
With a neighborhood rating of C+, the area is competitive within a smaller regional set and performs in the upper half nationally for occupancy. Typical contract rents in the neighborhood track well below national levels, which can support retention and reduce turnover costs, though it may temper near-term pricing power. Home values sit in a mid-range band for similar areas, indicating a more accessible ownership landscape that can introduce some competition but also keep multifamily positioned as a practical option for households prioritizing value.
Tenure patterns show a smaller renter concentration (share of housing units that are renter-occupied) relative to larger urban submarkets, which suggests a shallower but more stable tenant base. Demographic statistics aggregated within a 3-mile radius point to population and household growth over the past five years, expanding the local renter pool and supporting occupancy stability.
Vintage matters here: the average neighborhood housing stock skews mid-20th century, while this property’s 2012 construction offers a competitive edge versus older comparables. Investors can underwrite reduced near-term capital expenditure on core systems while considering selective upgrades for repositioning and operational efficiency.
Safety indicators compare favorably to national averages overall. The neighborhood ranks above the metro median for crime among 16 local neighborhoods and trends in the top third nationally, according to WDSuite’s CRE market data. Property-related incidents have improved year over year from prior levels, while violent incidents rose from a low base, underscoring a mixed but manageable risk profile that merits routine monitoring rather than outsized concern.
Regional employers provide a commutable base of jobs that can support renter demand and renewals, led by energy and diversified industrial corporate offices within driving distance.
- Marathon Petroleum — energy (26.6 miles) — HQ
- Parker-Hannifin Corporation — diversified industrials (33.6 miles)
This 2012-vintage, 32-unit property offers a practical combination of occupancy stability and operational durability in a rural Ohio market. Neighborhood occupancy trends sit above the local median among 16 neighborhoods, and rents are comparatively lower versus national norms, supporting retention and consistent cash flow. According to commercial real estate analysis from WDSuite, the asset’s newer construction should remain competitive against older stock, with targeted upgrades available to drive NOI without heavy near-term system overhauls.
Demographic statistics aggregated within a 3-mile radius reflect recent population and household expansion, adding depth to the tenant base and reinforcing lease stability. The ownership landscape is more accessible than in high-cost metros, which can create some overlap with entry-level ownership but also sustains demand for well-managed, quality rentals that deliver convenience and predictable housing costs.
- 2012 construction provides competitive positioning versus older neighborhood stock, with manageable near-term capex.
- Neighborhood occupancy trends above the local median among 16 neighborhoods support steady leasing and renewals.
- Lower relative rents aid retention and reduce turnover risk, with selective upgrade potential for NOI lift.
- 3-mile radius demographics show recent renter pool expansion supporting occupancy stability.
- Risk: Rural setting and more accessible ownership options can cap rent growth; active leasing and amenity management are important.