| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 45th | Fair |
| Demographics | 56th | Good |
| Amenities | 52nd | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1090 Claudia Dr, London, OH, 43140, US |
| Region / Metro | London |
| Year of Construction | 2004 |
| Units | 80 |
| Transaction Date | 2006-01-01 |
| Transaction Price | $5,360,000 |
| Buyer | --- |
| Seller | --- |
1090 Claudia Dr, London OH Multifamily Opportunity
Positioned in a B+ rated neighborhood of the Columbus metro, the asset benefits from steady renter demand and relatively low rent-to-income levels, according to WDSuite’s CRE market data. The area’s moderate occupancy and accessible rents point to income durability with room for value-add execution.
Set within the Columbus, OH region, the neighborhood ranks 195 out of 580 — competitive among Columbus neighborhoods — with a B+ neighborhood rating based on CRE market data from WDSuite. Local amenity access is balanced (grocery, pharmacy, and restaurant density near the national midpoint), supporting day-to-day convenience without the premiums of core urban submarkets. School quality trends near the national middle as well, which can underpin stable family-oriented tenancy at attainable price points.
Vintage context matters: the average construction year across nearby properties skews older (late-1960s), while this property was built in 2004. That newer vintage can enhance competitive positioning versus older stock and may moderate near-term capital needs, though investors should still plan for targeted system upgrades and modernization as the asset approaches two decades in service.
Occupancy in the neighborhood tracks around the low 90s, indicating generally stable leasing conditions but not full tightness; this favors disciplined revenue management over aggressive rent-push assumptions. Renter concentration at the neighborhood level sits near one-third of housing units, signaling a meaningful — though not dominant — renter base that supports multifamily absorption without overreliance on transient demand.
Within a 3-mile radius, population has grown in recent years and is projected to continue expanding, with WDSuite indicating an increase in households ahead. That trajectory points to a gradually larger tenant base and supports occupancy stability over the hold period. Home values in the area are moderate by national standards, which can introduce some competition from ownership; however, relatively low rent-to-income ratios suggest multifamily remains an accessible option that supports retention and careful pricing power.
Safety indicators for the neighborhood sit near the metro a0average overall and compare favorably on violent crime — closer to the top quartile nationally — based on WDSuite a0benchmarks. At the metro level, the neighborhood a0crime rank places it competitive among Columbus areas.
Recent data shows property-related incidents have risen year over year, which warrants standard operational vigilance (lighting, access control, resident communication). Investors should view the trend as a manageable operational risk rather than a structural deterrent, and monitor updated readings as part of ongoing asset management.
Proximity to regional employers supports workforce housing demand and commute convenience, notably including Staples Fulfillment Center, Big Lots, Cardinal Health, American Electric Power, and Nationwide.
- Staples Fulfillment Center — logistics & distribution (1.95 miles)
- Big Lots — retail HQ & corporate (17.85 miles) — HQ
- Cardinal Health — healthcare services & corporate (21.99 miles) — HQ
- American Electric Power — utilities & corporate (23.31 miles) — HQ
- Nationwide — insurance & corporate (23.48 miles) — HQ
This 80-unit, 2004-vintage asset offers a relative age advantage versus the neighborhood a0average, positioning it competitively against older stock while leaving room for targeted upgrades. Neighborhood performance is solid — competitive among Columbus submarkets — with amenity access near national midpoints and occupancy in the low 90s supporting leasing stability. According to CRE market data from WDSuite, rent-to-income levels are favorable, reinforcing retention and giving operators measured pricing flexibility.
Demographics within a 3-mile radius indicate recent population growth and an expanding household base ahead, pointing to a larger tenant pool over time. Ownership remains relatively accessible in this area, which can create competition with for-sale options; however, moderate home values coupled with accessible rents suggest sustained reliance on multifamily housing for a broad slice of local households.
- 2004 vintage provides competitive positioning versus older local inventory with manageable, targeted capex planning.
- Occupancy around the low 90s supports income stability with disciplined revenue management.
- Favorable rent-to-income profile enhances retention and measured pricing power, per WDSuite data.
- Regional employment anchors within commuting range support workforce renter demand and lease-up resilience.
- Risks: recent uptick in property-related incidents and some competition from ownership; mitigate with operational controls and pragmatic underwriting.