| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 42nd | Poor |
| Demographics | 43rd | Fair |
| Amenities | 31st | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 130 Broadway St, Hebron, OH, 43025, US |
| Region / Metro | Hebron |
| Year of Construction | 1975 |
| Units | 32 |
| Transaction Date | 2016-01-28 |
| Transaction Price | $1,647,000 |
| Buyer | HEBRON HEIGHTS PRESERVATION LP |
| Seller | LEADS |
130 Broadway St, Hebron OH Multifamily Investment
Positioned for workforce housing in the Columbus metro’s eastern fringe, this 32-unit asset benefits from a renter base supported by a high-cost ownership context and projected household growth, according to WDSuite’s commercial real estate analysis.
Hebron sits on the rural edge of the Columbus, OH metro, with the neighborhood earning a C+ rating and ranking 364 out of 580 metro neighborhoods. That places it above the metro median in some measures but not a top performer overall. For investors, the area’s positioning can support steady workforce demand while requiring careful leasing strategies.
Local amenities are limited at the neighborhood level (few parks, groceries, and childcare), but essentials are reachable in the broader trade area. Cafes and pharmacies trend comparatively better within the neighborhood, landing in higher national percentiles than other amenity types. This mix suggests residents rely on regional retail nodes for daily needs, which can still sustain renter demand if commute patterns and pricing are aligned.
The neighborhood’s renter-occupied share is modest, and within a 3-mile radius the renter share is roughly one-third of housing units, indicating a workable but not deep tenant base. Investors should view this as supportive of multifamily demand at the right price point, with leasing velocity more sensitive to management execution and unit-level value.
Ownership costs in the neighborhood test relatively high versus incomes (top quartile nationally by value-to-income ratio), which typically bolsters reliance on rentals and can aid pricing power. Neighborhood-level rent-to-income is moderate, which can help retention if rent growth is measured. Construction vintage in the area skews to the mid-1970s; competitive positioning will hinge on upkeep and targeted upgrades rather than new-construction appeal.
Demographic indicators within a 3-mile radius show a small population dip in recent years but an outlook for slight population growth alongside a projected increase in households. A rising household count generally expands the renter pool and supports occupancy stability, provided unit finishes and rents stay aligned with local incomes.
Relative to the Columbus metro, the neighborhood’s safety profile is competitive, ranking 54 out of 580 neighborhoods, and sits above the middle of neighborhoods nationwide. Recent WDSuite trend data also points to year-over-year declines in both violent and property offenses, a constructive signal for resident retention and long-term leasing stability.
Investors should still underwrite prudently: while the area compares well within the metro and trends are favorable, safety varies by block and over time. Positioning the property with practical security features and resident engagement can help sustain performance.
Regional employment demand is driven by major corporate offices in the Columbus metro, which supports commuter-oriented renter demand from Hebron. The list below highlights notable employers within commuting distance that can influence leasing stability.
- L Brands — corporate offices (22.7 miles) — HQ
- Dr Pepper Snapple Group — corporate offices (22.8 miles)
- Wesco Distribution — distribution (23.4 miles)
- Avnet Services - LifeCycle Solutions — corporate offices (24.2 miles)
- Avnet Services — corporate offices (24.8 miles)
This 32-unit property in Hebron offers exposure to the Columbus metro with a rent-driven value proposition rather than amenity-driven appeal. Within a 3-mile radius, the renter pool is expected to expand as households are projected to increase, supporting occupancy stability for well-managed, competitively priced units. According to CRE market data from WDSuite, the immediate neighborhood’s occupancy level trails stronger submarkets, so performance will hinge on effective leasing, make-ready execution, and targeted upgrades.
Local ownership costs run relatively high versus incomes, which tends to reinforce renter reliance on multifamily housing and can aid pricing power when units are positioned at attainable rent-to-income levels. Forecasts show rising household incomes and moderate rent growth in the surrounding area, suggesting room for revenue optimization without overextending affordability. Investors should balance this with conservative assumptions on lease-up pace given limited nearby amenities.
- Exposure to Columbus metro workforce demand from a commuter-friendly rural location
- Projected household growth within 3 miles supports a larger tenant base
- High-cost ownership context relative to incomes can sustain rental demand and pricing power
- Revenue optimization possible with measured rent positioning against local incomes
- Risks: below-metro occupancy at the neighborhood level and limited local amenities require stronger leasing execution