| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 26th | Poor |
| Demographics | 30th | Poor |
| Amenities | 40th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 200 Norwood Ave, Logan, OH, 43138, US |
| Region / Metro | Logan |
| Year of Construction | 1985 |
| Units | 48 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
200 Norwood Ave Logan 48-Unit Multifamily Investment
Renter concentration in the surrounding neighborhood is elevated relative to many Columbus-area peers, supporting a deeper tenant base at accessible rent levels, according to WDSuite s CRE market data. Neighborhood occupancy trends are softer, so underwriting should assume measured lease-up and retention management rather than outsized pricing power.
Located in Logan within the Columbus, OH metro, the neighborhood scores competitive among Columbus neighborhoods on amenities (ranked 206 out of 580), though the national amenity profile sits below the middle of U.S. peers. Daily needs are present (grocery and parks show moderate density), but limited caf E9 and pharmacy presence suggests a more car-dependent living pattern.
The local housing stock skews older (average construction year 1946 across the neighborhood), while this property A0was built in 1985. That newer vintage can be relatively competitive versus much older stock; investors should still plan for targeted system upgrades and common-area refreshes typical of 1980s assets to enhance positioning.
Neighborhood occupancy ranks below the metro median (539 of 580), indicating that lease-up may take longer and renewals may require careful management. At the same time, the share of housing units that are renter-occupied in the neighborhood is high by national comparison, which supports depth of demand for multifamily. Within a 3-mile radius, rents remain comparatively accessible and the rent-to-income relationship is manageable, which tends to aid lease retention but may limit near-term pricing power.
Within a 3-mile radius, recent data show population contraction over the last five years with a modest rebound projected ahead and a notable increase in households alongside slightly smaller average household sizes. For investors, that pattern points to a potentially larger renter pool over time even if population growth is gradual, supporting occupancy stability for well-managed properties based on CRE market data from WDSuite.
Home values in the neighborhood track below national norms, which can make ownership more accessible for some households. For multifamily investors, that dynamic can introduce competition from entry-level ownership, but accessible rents and the convenience of professionally managed housing can sustain demand and retention for a well-positioned asset.
Safety indicators for the neighborhood are mixed. The neighborhood A0ranks around the metro median for crime (271 out of 580 Columbus neighborhoods), and national comparisons place overall safety below the U.S. middle. Property and violent offense measures sit roughly around the national middle, suggesting conditions that are neither outlier-high nor among the safest tiers.
Recent year-over-year changes indicate some uptick in reported offenses. Investors typically account for this by emphasizing lighting, access control, and resident engagement, and by monitoring local trends and community initiatives over the hold period.
Regional employment access is anchored by manufacturing, distribution, and corporate services within commuting range, which can support workforce housing demand and renewal stability for well-managed assets. Representative employers include General Mills, Avnet Services, The Xerox Company, Avnet Services LifeCycle Solutions, and Autozone Distribution Center.
- General Mills food manufacturing (31.4 miles)
- Avnet Services technology services (34.9 miles)
- The Xerox Company business services (35.1 miles)
- Avnet Services - LifeCycle Solutions technology services (35.6 miles)
- Autozone Distribution Center distribution (40.4 miles)
The 1985 vintage positions this 48-unit asset as newer than much of the neighborhood A0stock, creating potential to outperform older comparables with strategic modernization and amenity upgrades. Demand is supported by a high neighborhood renter-occupied share and regionally accessible rents that help sustain renewals, while neighborhood occupancy sits below the metro median, implying the need for disciplined leasing and retention tactics. Based on CRE market data from WDSuite, the broader area shows manageable rent-to-income dynamics and a projected rise in households within 3 miles, which can expand the renter pool even if population growth is modest.
Home values below national norms can introduce competition from entry-level ownership, but also reinforce the role of professionally managed rentals for convenience-oriented households. Operational focus should prioritize targeted capex, curb appeal, and resident experience to capture demand in a car-oriented, amenity-light setting.
- 1985 construction offers value-add via systems modernization and unit/common-area refreshes
- Elevated renter-occupied share supports a deeper tenant base and leasing durability
- Accessible rents and manageable rent-to-income trends aid renewal and occupancy stability
- Projected increase in households within 3 miles may expand the renter pool over time
- Risks: below-metro occupancy ranking, modest local amenities, and competition from entry-level ownership