| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 42nd | Poor |
| Demographics | 37th | Poor |
| Amenities | 19th | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 90 N Buena Vista St, Newark, OH, 43055, US |
| Region / Metro | Newark |
| Year of Construction | 1972 |
| Units | 73 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
90 N Buena Vista St Newark Multifamily Investment
Stabilized renter demand in a working-class pocket of Newark supports steady leasing, with neighborhood occupancy trending in the upper half nationally according to WDSuite’s CRE market data. A 1972 vintage and 73 units position the asset for durable cash flow with selective upgrades.
Located in the Columbus, OH metro, the immediate neighborhood carries a C- rating and skews more rural in character. Local occupancy sits in the 58th percentile nationally, indicating reasonably stable leasing conditions for workforce housing. Renter demand is reinforced by a renter-occupied share near one-third of housing units in the neighborhood (higher than many areas nationally), suggesting a meaningful tenant base and potential retention benefits for multifamily operators.
The property’s 1972 construction is newer than the neighborhood s average housing vintage (1950s). This typically offers a competitive edge versus older stock while still warranting capital planning for aging systems and common area refreshes to sustain rents and limit downtime.
Within a 3-mile radius, population and households have grown modestly in recent years and are projected to expand further over the next five years, with smaller average household sizes. For investors, that points to a larger tenant base over time and more one- and two-person households, which can support occupancy stability and leasing velocity for a 73-unit asset.
Amenity access is limited for cafes, restaurants, and pharmacies, while groceries and park access are closer to regional norms. Median contract rents in the neighborhood remain comparatively attainable and the rent-to-income profile (around the mid-teens) implies manageable affordability pressure, supporting lease retention. School ratings track below metro and national averages, which may temper appeal for some family renters but typically aligns with workforce housing positioning.
Neighborhood safety indicators are mixed but improving in key areas. Overall crime performance sits modestly above the national midpoint (around the 53rd percentile nationwide), suggesting conditions that are comparable to many U.S. neighborhoods. Property offenses show notable year-over-year improvement, ranking among the stronger national improvements (roughly top decile for decline), which can help leasing confidence if the trend persists.
Violent offense levels compare less favorably (below the national midpoint), and recent changes have ticked up. For investors, this calls for continued attention to on-site security practices and resident screening. Compared with other parts of the Columbus metro (580 neighborhoods), the area performs closer to the middle of the pack rather than a top-tier safety cluster, so underwriting should incorporate prudent reserves and operational focus.
The property sits within commute range of major Columbus-area employers that support steady renter demand for workforce housing, including L Brands, Autozone Distribution Center, Dr Pepper Snapple Group, Wesco Distribution, and Avnet Services. Proximity to these employment nodes can aid leasing and resident retention.
- L Brands retail & corporate (26.6 miles) HQ
- Autozone Distribution Center distribution (26.7 miles)
- Dr Pepper Snapple Group beverage distribution (28.0 miles)
- Wesco Distribution electrical distribution (28.2 miles)
- Avnet Services LifeCycle Solutions technology services (31.4 miles)
This 73-unit, 1972-vintage asset aligns with workforce demand in Newark, benefiting from neighborhood occupancy that trends in the upper half nationally and a sizable renter base. According to CRE market data from WDSuite, rents in the area remain comparatively attainable versus incomes, supporting lease retention while leaving room for measured rent gains through targeted upgrades. Proximity to diversified Columbus employers further supports leasing durability.
The vintage suggests practical value-add pathways systems maintenance, interior refreshes, and curb appeal to enhance competitiveness versus older local stock. Near-term risks center on limited retail amenities, below-average school ratings, and mixed safety indicators, which merit conservative underwriting and focused property management to sustain occupancy and collections.
- Stable neighborhood occupancy and attainable rents support cash flow durability
- 1972 vintage offers value-add upside via interior and systems upgrades
- Commutable access to major Columbus employers aids leasing and retention
- Expanding 3-mile renter pool and smaller households backfill demand over time
- Risks: limited amenities, lower school ratings, and mixed safety warrant conservative assumptions