| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 34th | Poor |
| Demographics | 42nd | Fair |
| Amenities | 31st | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 10900 Schadel Ln, Mount Sterling, OH, 43143, US |
| Region / Metro | Mount Sterling |
| Year of Construction | 1989 |
| Units | 24 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
10900 Schadel Ln Mount Sterling Multifamily Investment
Renter demand is supported by a neighborhood renter-occupied share near one-third and occupancy that trends around the local norm, according to WDSuite’s CRE market data. This positioning can offer stable cash flow in a rural submarket while leaving room for value through operations.
Located in the Columbus, OH metro, this rural neighborhood balances small-town dynamics with access to regional employment. Amenity density is modest locally (few cafes and restaurants), but grocery, parks, and pharmacies score around or above national medians, which helps daily convenience without major urban premiums. Median contract rents sit on the lower end for the metro, which can aid leasing velocity and price-sensitive retention.
The property’s 1989 vintage is newer than the neighborhood’s average construction year (1960), suggesting competitive positioning versus older housing stock. Investors should plan for targeted modernization typical of late-1980s assets, yet the relative age advantage can support leasing versus legacy properties.
Tenure patterns indicate a meaningful tenant base: renter-occupied housing represents 26.6% in the neighborhood and about 32.8% within a 3-mile radius. For investors, that renter concentration points to a durable pool of prospects for a 24-unit community, supporting occupancy management and renewal strategies.
Demographic indicators within a 3-mile radius show recent population growth with rising household counts, expanding the renter pool. Forward-looking projections anticipate relatively flat population but continued household gains, implying smaller household sizes and ongoing need for rental options that support occupancy stability. Household incomes track near national medians, and a low rent-to-income profile suggests manageable affordability pressure—favorable for lease retention and measured rent moves based on commercial real estate analysis from WDSuite.
Home values in this area are comparatively accessible versus major metros, which can introduce some competition from ownership. Even so, elevated mortgage costs and the convenience of renting should sustain a viable tenant pipeline, with pricing power tied to asset quality and unit finishes.
Safety indicators are mixed but generally comparable to national norms. Overall crime performance sits slightly above the national median (higher percentile indicates safer), with violent offenses trending in a stronger position nationally. According to WDSuite, violent incident rates have improved year over year, which supports resident retention and marketing narratives focused on stability.
Property offenses are closer to national median safety levels but showed a recent uptick, indicating an area for monitoring. Investors can mitigate risk through lighting, access control, and resident engagement programs while tracking neighborhood trends against the broader Columbus metro.
Proximity to regional employers underpins renter demand, with logistics and retail operations complemented by corporate and utility headquarters in Columbus. The tenant base can benefit from commute access to Staples, Big Lots, Avnet Services, The Xerox Company, and American Electric Power.
- Staples Fulfillment Center — logistics (14.6 miles)
- Big Lots — retail HQ and corporate offices (19.1 miles) — HQ
- Avnet Services — technology services (20.5 miles)
- The Xerox Company — technology & services (20.5 miles)
- American Electric Power — utilities (22.4 miles) — HQ
This 24-unit, 1989-vintage asset sits in a rural Columbus, OH metro neighborhood where rents are comparatively modest and renter concentration provides a stable leasing base. According to CRE market data from WDSuite, neighborhood occupancy trends near the local norm, while a low rent-to-income profile points to manageable affordability pressure that can support renewals. The asset’s newer-than-neighborhood vintage offers competitive positioning versus older stock, with strategic upgrades likely to drive outsized leasing response.
Within a 3-mile radius, recent population and household growth expanded the tenant base, and projections indicate relatively flat population but further household increases—suggesting smaller household sizes and continued demand for rentals that support occupancy stability. Key risks include limited amenity density and potential competition from homeownership, making asset quality, pricing discipline, and operations execution central to performance.
- Renter base depth: neighborhood and 3-mile renter concentrations support consistent leasing and renewals.
- Competitive vintage: 1989 build compares favorably to older local stock; targeted upgrades can elevate positioning.
- Affordability supports retention: low rent-to-income metrics reinforce occupancy stability and measured rent moves.
- Demographic tailwinds: recent 3-mile population and household growth expand the tenant pool; households projected to keep rising.
- Risks: modest amenity density and accessible ownership options require disciplined pricing and active asset management.