| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 28th | Poor |
| Demographics | 39th | Poor |
| Amenities | 16th | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 301 Walnut St, Junction City, OH, 43748, US |
| Region / Metro | Junction City |
| Year of Construction | 1995 |
| Units | 25 |
| Transaction Date | 2011-12-16 |
| Transaction Price | $809,314 |
| Buyer | JUNCTION CITY ASSOCIATES LP |
| Seller | JUNCTION CITY LP |
301 Walnut St, Junction City Multifamily Investment
Neighborhood occupancy sits near the national median while low rent-to-income levels suggest stable retention potential, according to WDSuite’s CRE market data.
Situated in a rural pocket of the Columbus, OH metro, the neighborhood rates C- and ranks 510 out of 580 metro neighborhoods, indicating a value-oriented context with modest services. Amenity density is limited (few cafes, restaurants, and pharmacies), though basic parks access ranks above the national median. Public school quality trends strong for the area, placing in the top quartile nationally, which can support family-oriented renter demand.
Neighborhood occupancy is 91.5%, around the national median, but below the metro median based on its rank of 404 out of 580. Median contract rents in the area are low relative to many U.S. neighborhoods (bottom quintile nationally), and the rent-to-income profile sits in a high national percentile, which can support lease retention and reduce turnover risk.
Ownership costs are comparatively accessible for the region, which can create competition with renting; investors should emphasize product differentiation and convenience to capture the smaller renter-occupied segment. At the neighborhood level, the share of renter-occupied housing units is below the metro median, signaling a shallower but targeted tenant base.
Within a 3-mile radius, population and households have grown over the last five years and are projected to continue increasing, pointing to a larger tenant base over time. This localized growth—paired with stable neighborhood occupancy—supports a steady demand backdrop for well-managed workforce units.
The property’s 1995 construction is newer than the neighborhood’s average vintage (1963). That positioning can be competitively favorable versus older housing stock, while still leaving room for selective modernization to enhance leasing velocity and rent resilience.
Comparable, neighborhood-level crime metrics are not available in WDSuite for this location. Investors typically benchmark safety by reviewing broader metro and county trends and observing on-the-ground indicators during diligence. Use property-level security measures and resident feedback to contextualize risk and potential operating costs.
Regional employment is diversified across distribution, technology services, and consumer goods, supporting workforce housing demand within commuting range. Notable employers within drive time include AutoZone Distribution, Avnet Services, The Xerox Company, Avnet LifeCycle Solutions, and Dr Pepper Snapple Group.
- Autozone Distribution Center — distribution (27.8 miles)
- Avnet Services — IT services (33.9 miles)
- The Xerox Company — document technology (34.0 miles)
- Avnet Services - LifeCycle Solutions — IT asset services (34.1 miles)
- Dr Pepper Snapple Group — beverage (37.3 miles)
This 25-unit, 1995-vintage asset sits in a rural Columbus metro submarket where neighborhood occupancy trends near the national median and local rents are modest. Low rent-to-income levels can support retention, while the building’s newer vintage versus the area’s older stock provides a competitive edge with targeted upgrades, based on CRE market data from WDSuite.
Within a 3-mile radius, recent and projected increases in population and households point to renter pool expansion that can support steady leasing. The owner-tilted housing landscape suggests focusing on value, convenience, and modernization to win a smaller renter-occupied segment, while acknowledging that comparatively accessible ownership options can limit pricing power.
- 1995 construction offers competitive positioning versus older neighborhood stock with selective upgrade potential.
- Neighborhood occupancy near national median with low rent-to-income profile supports retention and cash flow stability.
- 3-mile population and household growth signal a larger tenant base and steady leasing backdrop.
- Workforce-oriented location with commuting access to regional employers underpins demand.
- Risks: limited neighborhood amenities, below-metro renter concentration, and ownership alternatives may cap pricing power.