| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 45th | Fair |
| Demographics | 56th | Good |
| Amenities | 52nd | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 350 Cambridge Dr, London, OH, 43140, US |
| Region / Metro | London |
| Year of Construction | 1994 |
| Units | 50 |
| Transaction Date | 1993-11-03 |
| Transaction Price | $120,000 |
| Buyer | SETON LONDON INC |
| Seller | HEATH CAROLYN M |
350 Cambridge Dr, London OH Multifamily Investment
Neighborhood fundamentals indicate steady renter demand and mid-50s occupancy positioning at the neighborhood level, according to WDSuite s CRE market data. Competitive pricing and a stable tenant base underpin a pragmatic value proposition for investors evaluating London within the Columbus metro.
Situated in London within the Columbus, OH metro, the neighborhood is competitive among Columbus neighborhoods (ranked 195 out of 580), signaling balanced livability and investment appeal for workforce-oriented multifamily. Neighborhood occupancy trends sit around the national median (52nd percentile), which generally supports stable leasing without signaling overheating or material softness.
The area s renter-occupied share is 31.6% at the neighborhood level, indicating a meaningful tenant base for a 50-unit asset while still leaving room for demand from nearby homeowners who prefer multifamily options. Median contract rents in the neighborhood rank in the lower third nationally (32nd percentile), which can aid lease retention and reduce turnover risk relative to higher-cost submarkets.
Amenity access is moderate with restaurants and groceries around the mid-50s national percentiles and cafes stronger (71st percentile), though parks are limited locally. Average school ratings are near the national middle (2.33/5; 47th percentile), underscoring a primarily value-driven renter profile rather than a school-centric leasing thesis.
Local housing stock in the neighborhood trends older (average vintage 1969). By contrast, a 1994-vintage multifamily asset offers a relative edge versus older competition, while investors should still plan for system updates and modernization typical of 1990s construction to remain competitive against newer deliveries.
Demographic statistics aggregated within a 3-mile radius point to ongoing population growth and an expected increase in households over the next five years, expanding the potential renter pool and supporting occupancy stability. Rising household incomes in the area further bolster renter purchasing power, which can sustain steady demand for well-located, professionally managed units.
Safety indicators track close to national midpoints overall (48th percentile nationally), and the neighborhood is competitive among Columbus neighborhoods on crime (ranked 176 out of 580). Violent offense rates benchmark favorably in the 77th percentile nationally, while property offenses sit modestly above the national middle (57th percentile).
Recent data show a year-over-year uptick in property offenses in the neighborhood. Investors should account for standard security measures and active property management to support resident confidence and leasing performance while monitoring trends over time.
Nearby employment includes distribution and corporate offices that reinforce local renter demand through short commutes and diversified job bases. The list below highlights Staples Fulfillment Center, Big Lots, Waste Management, Cardinal Health, and American Electric Power, reflecting accessible employment nodes for residents.
- Staples Fulfillment Center distribution (1.9 miles)
- Big Lots corporate offices (17.9 miles) HQ
- Waste Management environmental services (21.3 miles)
- Cardinal Health healthcare distribution & services (22.3 miles) HQ
- American Electric Power utilities (23.4 miles) HQ
The 1994 vintage positions the asset newer than much of the local housing stock, offering an immediate competitive edge versus older properties while still benefiting from targeted value-add or systems modernization. Neighborhood-level occupancy hovers around national medians, and a renter-occupied share near one-third indicates a meaningful, durable tenant base. Rent levels in the lower national tiers support lease retention, with a low rent-to-income ratio (0.09) suggesting manageable affordability pressure and potential for steady collections.
Three-mile demographics point to population growth and a larger household count over the next five years, expanding the renter pool and supporting occupancy stability. According to CRE market data from WDSuite, the neighborhood s overall standing is competitive within the Columbus metro, and proximity to diversified employers strengthens demand durability. Key watch items include limited parks/green space and a recent increase in property offenses, both manageable with operational discipline and resident-focused improvements.
- 1994 construction offers a relative edge versus older neighborhood stock, with clear modernization/value-add pathways.
- Neighborhood occupancy around national medians supports stable lease-up and retention.
- Renter-occupied share near one-third and lower-tier rents deepen the tenant base and aid collections.
- Three-mile population and household growth expand the renter pool and support demand continuity.
- Risks: limited parks/amenities and a recent uptick in property offenses; mitigation via security, upkeep, and resident programming.