| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 41st | Poor |
| Demographics | 34th | Poor |
| Amenities | 27th | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 407 S Delaware St, Mount Gilead, OH, 43338, US |
| Region / Metro | Mount Gilead |
| Year of Construction | 1976 |
| Units | 36 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
407 S Delaware St Mount Gilead Multifamily Investment
Neighborhood occupancy in the mid-90s suggests steady renter demand and lease retention potential, according to WDSuite’s CRE market data. This small-town Ohio location offers relatively accessible rents versus the Columbus metro, supporting pragmatic commercial real estate analysis for value-focused strategies.
Mount Gilead’s suburban neighborhood context skews practical rather than amenity-rich. Grocery and pharmacy access track near or above national medians (pharmacy sits in a higher national percentile), while cafes, parks, and sit-down dining are limited. For investors, this points to resident reliance on essential retail and regional corridors for services, which can support stable day-to-day living but may limit premium amenity-driven rent pushes.
Occupancy for the neighborhood is above the national median, indicating a generally durable renter base relative to many U.S. areas, based on CRE market data from WDSuite. Median contract rents benchmark below the national midpoint, aligning with a rent-to-income profile that implies manageable affordability pressure and potential for measured rent optimization as leases roll, provided value is delivered through maintenance, convenience, or light upgrades.
Tenure patterns signal meaningful renter presence: the share of housing units that are renter-occupied is high versus national comparisons. That depth of renter concentration can aid marketing efficiency and leasing velocity for multifamily assets, even as the broader neighborhood ranks near the metro middle on overall livability metrics.
Demographic statistics aggregated within a 3-mile radius show recent softness in population and households, but forward-looking projections indicate population growth with a substantial increase in household count and a smaller average household size. This mix typically expands the tenant base and can support occupancy stability over the medium term as more, smaller households elevate demand for rental units.
Safety indicators benchmark favorably in national context: property and violent offense rates place the neighborhood in higher national percentiles (safer relative to many U.S. neighborhoods). Within the Columbus metro, the area is competitive among local neighborhoods, suggesting an environment that can support tenant retention and predictable operations.
Year-over-year changes show volatility in reported offense estimates, which investors should monitor as part of routine risk assessment. Trends are best evaluated over multi-year periods and in comparison to broader regional patterns rather than block-level readings.
Regional employment is anchored by major corporate headquarters and offices in Greater Columbus, supporting a commuter workforce that underpins renter demand. Notable employers within driving range include Cardinal Health, L Brands, Nationwide, American Electric Power, and Big Lots.
- Cardinal Health — healthcare distribution (33.4 miles) — HQ
- L Brands — retail/apparel corporate (33.8 miles) — HQ
- Nationwide — insurance & financial services (40.6 miles) — HQ
- American Electric Power — utilities (40.8 miles) — HQ
- Big Lots — retail corporate (42.7 miles) — HQ
407 S Delaware St is a 36-unit 1976-vintage asset in a suburban Ohio setting where neighborhood occupancy trends sit above the national median and median rents remain comparatively accessible. The 1976 construction is newer than the local average vintage, which can enhance competitive positioning versus older stock, while still warranting modernization planning for systems and finishes to drive rent and retention.
Demographic statistics aggregated within a 3-mile radius point to projected population growth and a notable increase in households, alongside a smaller average household size—conditions that typically expand the renter pool and support occupancy stability. Based on CRE market data from WDSuite, ownership costs in this area remain relatively modest in national context, which may create some competition with entry-level ownership, but renter concentration and commuting access to Greater Columbus employers provide a foundation for stable, workforce-oriented demand.
- Above-national-median neighborhood occupancy supports steady leasing and renewals.
- 1976 vintage offers value-add and modernization angles versus older area stock.
- 3-mile forecasts show population growth and more, smaller households, expanding the tenant base.
- Regional access to major Columbus headquarters sustains workforce rental demand.
- Risk: limited local amenities and comparatively accessible ownership options may temper rent growth without targeted improvements.