| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 42nd | Poor |
| Demographics | 37th | Poor |
| Amenities | 41st | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 101 Canal Rd, Hebron, OH, 43025, US |
| Region / Metro | Hebron |
| Year of Construction | 1974 |
| Units | 56 |
| Transaction Date | 2006-03-28 |
| Transaction Price | $2,240,000 |
| Buyer | CANAL INVESTMENTS LLC |
| Seller | SPAID BOBBY D |
101 Canal Rd, Hebron, OH Multifamily Investment Snapshot
Neighborhood occupancy trends sit above the metro median and renter demand is competitive among Columbus-area neighborhoods, according to WDSuite’s CRE market data. This positioning supports stable leasing while leaving room for operational upside through disciplined management.
Hebron sits within the Columbus, OH metro and scores a C+ neighborhood rating, indicating steady but selective investment appeal for workforce-oriented multifamily. Neighborhood occupancy ranks above the metro median among 580 neighborhoods, and the share of renter-occupied housing units is competitive among Columbus neighborhoods. For investors, that combination points to a dependable tenant base and a reasonable runway for retention-focused strategies.
Local amenity access is mixed: grocery, parks, and pharmacies benchmark in the upper half nationally (around the 65–70th percentiles), while restaurant density is moderate and cafes/childcare are sparse. This pattern aligns with a suburban living profile where daily needs are met nearby, but lifestyle conveniences are limited—useful context for positioning units and amenities to capture demand.
Within a 3-mile radius, demographics show a stable population with a recent modest dip but an increase in households, with forecasts calling for further household growth over the next five years. That trajectory typically expands the renter pool and supports occupancy stability, particularly for well-managed assets and practical floor plans. Median home values in the area are relatively accessible versus many U.S. markets, which can introduce some competition from ownership options; however, rent-to-income levels trend favorable, reinforcing lease retention and pricing discipline for multifamily operators.
Relative to national CRE trends, the neighborhood’s income profile sits above the national midpoint and pairs with mid-range housing indicators. For underwriting, this suggests prudent rent growth expectations with emphasis on unit quality, service delivery, and modest value-enhancing improvements to differentiate versus older stock across the Columbus metro.
Safety indicators compare slightly better than the national midpoint overall, with violent incident benchmarks trending stronger than average nationally and improving year over year. Property-related incidents sit near the national middle with some recent volatility. These signals point to conditions that are generally consistent with suburban Columbus submarkets, where careful onsite management and lighting, access control, and resident engagement can help sustain leasing performance.
Regional employment access draws from consumer products, retail headquarters, distribution, and corporate services, supporting commute convenience and diverse renter demand. Notable nearby employers include Dr Pepper Snapple Group, L Brands, Wesco Distribution, Avnet Services, and The Xerox Company.
- Dr Pepper Snapple Group — consumer products (22.3 miles)
- L Brands — retail headquarters (22.4 miles) — HQ
- Wesco Distribution — industrial distribution (23.0 miles)
- Avnet Services - LifeCycle Solutions — technology services (23.7 miles)
- The Xerox Company — corporate services (24.3 miles)
This 56-unit asset is positioned in a suburban Columbus neighborhood where occupancy performance is above the metro median and renter concentration is competitive among metro peers, supporting day-one stability with potential to enhance revenue through targeted operations. According to CRE market data from WDSuite, livability indicators show strong access to daily-needs retail and parks/pharmacies, which complements a workforce tenant profile.
Within a 3-mile radius, households have expanded recently and are projected to grow further, indicating a larger tenant base over time. Ownership costs are relatively accessible compared with many U.S. markets, which can introduce some competition from for-sale housing; however, favorable rent-to-income dynamics support retention and measured rent growth when paired with quality upkeep and service.
- Neighborhood occupancy above metro median supports stable leasing
- Renter-occupied housing share is competitive among Columbus neighborhoods
- Daily-needs amenities benchmark in the upper half nationally, aiding retention
- Household growth within 3 miles expands the tenant base over time
- Risks: limited café/childcare density, recent property-crime volatility, and competition from ownership options