| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 41st | Poor |
| Demographics | 34th | Poor |
| Amenities | 27th | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 600 Douglas St, Mount Gilead, OH, 43338, US |
| Region / Metro | Mount Gilead |
| Year of Construction | 1998 |
| Units | 22 |
| Transaction Date | 1997-06-30 |
| Transaction Price | $60,000 |
| Buyer | FIRST RICHLAND MORROW |
| Seller | CURL DEAN E |
600 Douglas St, Mount Gilead OH Multifamily Investment
Neighborhood occupancy sits in a healthy range with a comparatively strong renter-occupied share, supporting small-multifamily durability according to WDSuite’s CRE market data.
Mount Gilead’s suburban setting offers day-to-day convenience more than lifestyle density: grocery and pharmacy access are present at moderate levels, while cafes and parks are limited. For investors, this points to steady, needs-based renter demand rather than amenity-driven leasing.
The neighborhood’s occupancy is estimated at 94.6%, which is above many areas nationally, and the renter-occupied share is elevated versus peers (83rd percentile nationwide). Together, these indicators suggest a sufficiently deep tenant base and potential for stable renewals, based on CRE market data from WDSuite. Note that these metrics describe the neighborhood, not the property.
Relative to the Columbus metro, the area ranks 436 out of 580 neighborhoods overall (C rating), placing it below the metro median but competitive among similar suburban locales for essential services. Median home values and contract rents sit on the lower end versus national norms, which can temper rent growth but may help retention by keeping affordability pressure manageable.
The property’s 1998 construction is newer than the neighborhood’s typical 1960s housing stock. That vintage can offer a competitive edge versus older inventory and may limit near-term capital exposure; however, investors should still plan for system updates and modernization as part of ongoing asset management.
Within a 3-mile radius, historical data shows population and households contracted in the prior period, yet projections point to household growth and smaller average household sizes by 2028. A rising household count with fewer persons per household typically expands the renter pool and supports occupancy stability, even if incomes and rent levels require careful lease management.
Safety metrics show mixed signals. Within the Columbus metro, the neighborhood’s composite crime position ranks 225 out of 580, indicating higher crime than many local neighborhoods. At the same time, violent and property offense rates benchmark in the top quartile nationally, suggesting comparatively favorable conditions versus many U.S. neighborhoods. Recent year-over-year changes indicate volatility, so prudent asset operations and resident engagement remain important.
Regional employment anchors within commuting distance support renter demand, with concentrations in healthcare distribution, retail/apparel, industrial technologies, and electrical distribution. Notable employers include Cardinal Health, Fuse by Cardinal Health, L Brands, Parker-Hannifin, and Wesco Distribution.
- Cardinal Health — healthcare distribution (33.8 miles) — HQ
- Fuse by Cardinal Health — healthcare technology/innovation (34.1 miles)
- L Brands — retail/apparel (34.4 miles) — HQ
- Parker-Hannifin Corporation — industrial technologies (34.4 miles)
- Wesco Distribution — electrical distribution (37.3 miles)
This 22-unit asset built in 1998 offers a relative age advantage against predominantly mid-century neighborhood stock, which can enhance leasing competitiveness while keeping capital plans focused on targeted system upgrades and interior modernization. Neighborhood occupancy is solid and the renter-occupied share is high versus national peers, signaling depth in the tenant base and potential for steady renewals.
Essentials-oriented location fundamentals, moderate grocery/pharmacy access, and lower relative rent and home value levels point to a value-driven renter profile. Within a 3-mile radius, projections indicate household growth alongside smaller household sizes by 2028, which can expand the renter pool and support occupancy stability; however, mixed local safety trends and modest amenity density suggest disciplined leasing and expense controls. According to CRE market data from WDSuite, these dynamics align with a stable, workforce-leaning demand story rather than amenity-led growth.
- 1998 vintage offers competitive positioning versus older local stock with manageable modernization needs
- Healthy neighborhood occupancy and elevated renter-occupied share support renewal potential
- Essentials-driven location with moderate access to services supports workforce housing demand
- Forecast household growth and smaller household sizes within 3 miles can expand the renter pool
- Risks: below-metro ranking, limited amenity density, and mixed safety trends call for careful lease and expense management