| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 36th | Best |
| Demographics | 23rd | Poor |
| Amenities | 20th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 900 E Columbus St, Kenton, OH, 43326, US |
| Region / Metro | Kenton |
| Year of Construction | 1989 |
| Units | 51 |
| Transaction Date | 1989-01-11 |
| Transaction Price | $62,100 |
| Buyer | --- |
| Seller | --- |
900 E Columbus St Kenton Multifamily Investment Opportunity
Neighborhood occupancy is 93.8% and renter demand is supported by a modest renter-occupied share, according to WDSuite s CRE market data. This points to stable operations with measured pricing power in a value-oriented Hardin County location.
Kenton s rural setting delivers a pragmatic, workforce-oriented renter base with generally lower living costs and steady occupancy. The neighborhood posts a 93.8% occupancy rate (neighborhood metric), which sits above national averages for similar areas and has trended up over the past five years, according to CRE market data from WDSuite. Median contract rents in the neighborhood remain on the low end nationally, which supports retention while tempering near-term rent growth expectations.
The property s 1989 vintage is notably newer than the neighborhood s average construction year of 1957. For investors, this relative youth can mitigate near-term capital exposure versus older stock while still allowing targeted value-add through interiors, common areas, and system modernization to sharpen competitiveness.
Unit tenure skews toward ownership in this area, with a renter-occupied share near one-quarter of housing units. For multifamily investors, that implies a smaller but durable tenant pool focused on affordability and convenience; it also suggests measured absorption expectations and an emphasis on retention. Within a 3-mile radius, recent population growth, larger average household size, and rising incomes expand the potential renter base and support occupancy stability rather than rapid lease-up dynamics.
Amenities are limited at the neighborhood scale ewer cafes, restaurants, childcare options, and pharmacies compared with denser metros but grocery and park access are present. Home values are moderate in context, which can create some competition from ownership; however, low rent-to-income levels in the area favor lease retention and support dependable collections. Overall, within Hardin County the neighborhood ranks 11th out of 16, indicating mixed local competitiveness yet a defensible position for value-focused multifamily.
Safety indicators compare favorably at the national level but are more mixed locally. Based on WDSuite s CRE market data, the neighborhood sits in the above-average range nationally for safety (around the mid-60s percentiles), yet ranks 10th among 16 Hardin County neighborhoods, placing it in the less favorable half within the metro.
Recent trends are bifurcated: estimated property offenses declined meaningfully over the last year (a positive direction), while estimated violent offenses increased over the same period. For investors, this suggests monitoring near-term volatility while recognizing that national comparisons still point to generally favorable conditions versus many U.S. neighborhoods.
Regional employers within commuting range help underpin renter demand for workforce housing, led by energy and diversified industrials with large employment bases.
- Marathon Petroleum energy (26.8 miles) HQ
- Parker-Hannifin Corporation diversified industrials (33.6 miles)
This 51-unit, 1989-vintage asset in Kenton, Ohio, aligns with value-oriented renter demand and steady neighborhood occupancy. The property benefits from comparatively low neighborhood rents that support retention and collections, while newer-than-area-average construction offers a manageable capital profile with room for targeted upgrades. Within a 3-mile radius, population growth, rising incomes, and larger household sizes point to a modestly expanding tenant base that supports occupancy stability over the long term.
According to CRE market data from WDSuite, the neighborhood s occupancy trend is stable and above national averages for similar rural areas, while rent-to-income levels indicate limited affordability pressure. Key risks include a smaller renter pool due to higher ownership prevalence, amenity-light surroundings, and mixed local safety rankings despite relatively favorable national comparisons.
- 1989 vintage newer than area average, moderating near-term capex with value-add potential in interiors and systems
- Stable neighborhood occupancy and low rent-to-income support retention and collections
- Expanding 3-mile renter base via population growth and rising incomes supports long-run demand
- Regional employers within commuting range help underpin workforce demand
- Risks: smaller renter pool in an ownership-leaning area, amenity-light location, and mixed local safety trends