| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 41st | Poor |
| Demographics | 23rd | Poor |
| Amenities | 64th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 25 N Cedar St, Newark, OH, 43055, US |
| Region / Metro | Newark |
| Year of Construction | 1989 |
| Units | 20 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
25 N Cedar St Newark, OH Multifamily Investment
Compact units and a renter-heavy neighborhood support durable demand and operational flexibility, according to WDSuite's CRE market data. Position within Newark’s inner-suburb fabric offers steady occupancy potential with room for value-add execution.
Located in Newark’s Inner Suburb (metro: Columbus, OH), the property sits in a neighborhood rated B-. Local occupancy trends are around national medians, suggesting stable leasing fundamentals without reliance on outsized in-migration, per WDSuite’s CRE market data.
Livability is supported by everyday conveniences: restaurants and grocery options benchmark in the mid-50s to mid-60s percentiles nationally, with parks, pharmacies, and cafes showing similar mid-tier access. Average school ratings trail national norms, which may skew the renter audience toward workforce households and singles rather than families seeking top-rated districts.
Housing tenure points to a meaningful rental market: the neighborhood’s share of renter-occupied housing is just over half, placing it among higher renter concentrations nationally. For investors, that renter concentration can provide consistent leasing velocity, especially for smaller, attainably priced units.
Within a 3-mile radius, demographics indicate recent population growth with forecasts for further expansion, alongside a sizable increase in household counts and a gradual decrease in average household size. This combination typically expands the renter pool and supports occupancy stability for studios and one-bedrooms. Median rents in the 3-mile area have risen over the last five years and are projected to continue growing, which enhances revenue potential but warrants close attention to resident affordability and lease management.
Home values in the immediate neighborhood are lower than many U.S. areas, which can introduce some competition from entry-level ownership. However, for compact units with attainable monthly rents, this setting can still sustain renter reliance on multifamily, particularly for residents prioritizing convenience and flexibility over ownership.
Neighborhood safety indicators track close to national midpoints overall, based on WDSuite’s CRE market data. Notably, both property and violent offense rates have declined year over year, with improvements outperforming many U.S. neighborhoods. While investors should underwrite conservatively, these directional trends are constructive for tenant retention and collections.
Compared with the broader Columbus metro (580 neighborhoods), the area does not stand out as a top-tier safety outlier; rather, it sits in the middle of the pack with recent momentum in the right direction. Owners can lean on proven screening, lighting, and access-control measures to reinforce on-site conditions and support resident satisfaction.
Commuter access to regional employers underpins renter demand for workforce-oriented units. Key employment centers within a commutable radius include AutoZone’s distribution operations, L Brands, Dr Pepper Snapple Group, Nationwide, and American Electric Power.
- Autozone Distribution Center — distribution (26.3 miles)
- L Brands — corporate offices (27.0 miles) — HQ
- Dr Pepper Snapple Group — beverages (28.3 miles)
- Nationwide — corporate offices (33.3 miles) — HQ
- American Electric Power — utilities (33.5 miles) — HQ
Built in 1989, the asset is newer than much of the local housing stock, positioning it competitively versus older properties while still offering potential to modernize systems and finishes. Compact floorplans support attainable pricing, aligning with a neighborhood that has a deep base of renter-occupied units and occupancy levels near national norms. Based on CRE market data from WDSuite, steady renter demand and ongoing rent growth in the surrounding 3-mile area support an operational thesis centered on high occupancy and disciplined expense control.
Forward-looking demographics show population growth and a substantial increase in households through 2028 within 3 miles, implying a larger tenant base even as average household size edges down. Lower neighborhood home values can introduce some competition from ownership, but they also sustain interest in well-run, conveniently located rentals—especially smaller units that remain price-accessible. Investors should plan for targeted capital to refresh common areas and unit interiors to capture rent premiums while monitoring affordability to support retention.
- Newer 1989 vintage versus older neighborhood stock supports competitive positioning with value-add upside
- Renter-heavy neighborhood and growing 3-mile household counts bolster the tenant pipeline and occupancy stability
- Compact unit mix enables attainable rents and broad demand capture amid continued rent growth
- Risk: below-average school ratings and accessible ownership options may temper pricing power for family-oriented renters
- Risk mitigation: targeted renovations and strong on-site management to drive renewals and resident satisfaction