| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 58th | Good |
| Demographics | 63rd | Good |
| Amenities | 38th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 65 S Williams St, Johnstown, OH, 43031, US |
| Region / Metro | Johnstown |
| Year of Construction | 1982 |
| Units | 63 |
| Transaction Date | 2013-08-23 |
| Transaction Price | $1,720,000 |
| Buyer | CHIMES TERRACE SENIOR HOUSING LTD PARTNE |
| Seller | NATIONAL CHURCH RESIDENCES OF JOHNSON |
65 S Williams St, Johnstown OH — 63-Unit Multifamily
Neighborhood occupancy is strong and historically resilient for this part of the Columbus metro, supporting stable leasing conditions for a 63-unit asset, according to WDSuite s CRE market data.
Johnstown sits within the Columbus, OH metro and scores a B+ neighborhood rating. Neighborhood occupancy is elevated (ranked 144 of 580), placing it above the metro median and signaling solid renter demand relative to nearby submarkets. Median contract rents in the neighborhood trend on the lower side compared with national levels, which can aid leasing velocity while leaving room for measured rent growth management.
Schools are a relative strength: the neighborhood s average school rating is 4.0 out of 5 (ranked 30 of 580), which is top quartile nationally. For investors, stronger school performance can reinforce retention for family-oriented renter cohorts. Amenities are more limited close-in (caf e9 and park density rank near the bottom of the metro), but grocery and pharmacy access track around or modestly above the national median, balancing daily convenience.
Within a 3-mile radius, demographics show population growth over the last five years with additional increases projected through 2028, alongside a larger household base. This expansion supports a broader tenant pool and occupancy stability for professionally managed rentals. The renter-occupied share is roughly 30% within the neighborhood and similar within the 3-mile radius, indicating a moderately sized renter base that can sustain consistent demand for multifamily units.
Home values in the neighborhood sit above the national median (65th percentile), creating a higher-cost ownership context that tends to reinforce reliance on rental housing. Rent-to-income ratios are favorable (80th percentile nationally), suggesting manageable rent burdens that can support retention and measured pricing power, based on CRE market data from WDSuite.
Vintage context: the property s 1982 construction is newer than the neighborhood s average vintage (1971). That positioning typically improves competitive standing versus older stock, while still warranting targeted capital planning for aging systems or value-add common-area and interior finish updates to meet current renter expectations.
Relative to the Columbus metro, the neighborhood s overall crime rank (138 of 580) places it above the metro average. Nationally, overall safety indicators sit modestly above the median (around the 54th percentile), with property-related incidents in the upper half for safety (about the 58th percentile) and violent incidents similarly above the midpoint (about the 53rd percentile).
Recent trend signals are constructive: estimated violent offense rates show year-over-year improvement, consistent with neighborhoods in the upper tiers nationally for positive momentum (around the 71st percentile). As always, safety conditions can vary by block and over time, so investors should pair these comparative indicators with on-the-ground diligence.
Proximity to major corporate employers supports a commuter-friendly renter base and leasing stability. Notable nearby anchors include L Brands, Wesco Distribution, Dr Pepper Snapple Group, Nationwide, and American Electric Power.
- L Brands retail & corporate services (13.0 miles) HQ
- Wesco Distribution industrial distribution (15.6 miles)
- Dr Pepper Snapple Group beverage corporate offices (16.4 miles)
- Nationwide insurance & financial services (21.0 miles) HQ
- American Electric Power utilities corporate offices (21.3 miles) HQ
The 63-unit property at 65 S Williams St benefits from strong neighborhood occupancy that ranks above the Columbus metro median, which supports steady leasing and cash flow durability. Within a 3-mile radius, population and household counts have expanded in recent years with further growth projected by 2028, indicating a larger tenant base and support for occupancy stability. According to commercial real estate analysis from WDSuite, rent-to-income levels are favorable versus national norms, which can help sustain retention while enabling disciplined revenue management.
Built in 1982, the asset is newer than the local average vintage and can compete well against older stock. Targeted capital planning for systems and interior updates can unlock value-add upside. Offsetting factors include thinner immediate amenity density and a homeownership-leaning area, which may temper the depth of the renter pool at times; forecasts also point to flat-to-soft nominal rents locally, underscoring the need for focused operations and positioning.
- Above-metro neighborhood occupancy supports stable leasing dynamics
- 3-mile population and household growth expands the tenant base
- 1982 vintage offers competitive positioning with targeted value-add potential
- Favorable rent-to-income conditions aid retention and pricing discipline
- Risks: thinner nearby amenities, owner-leaning tenure, and potential rent softness