| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 23rd | Poor |
| Demographics | 31st | Poor |
| Amenities | 0th | Poor |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 320 W Main St, New Straitsville, OH, 43766, US |
| Region / Metro | New Straitsville |
| Year of Construction | 1997 |
| Units | 25 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
320 W Main St New Straitsville Multifamily Investment
Rural submarket positioning with neighborhood occupancy near the national midpoint and a renter-occupied share around one-third supports steady, needs-based demand, according to WDSuite’s CRE market data.
This rural location in New Straitsville sits within the Columbus, OH metro and offers a quieter, low-density setting. Amenity density is limited locally (few cafes, groceries, or parks within close range), so residents typically rely on regional retail and services by car. For investors, that points to value-oriented renter segments and modest operating tempo rather than amenity-driven leasing.
Neighborhood fundamentals indicate occupancy around the national midpoint, which can underpin income stability even in a low-amenity context. The share of housing units that are renter-occupied is roughly one-third and is competitive among Columbus neighborhoods, signaling a viable tenant base for small multifamily. Median contract rents in the neighborhood track on the lower end of the metro, which can help sustain lease-up and retention for cost-conscious renters.
Within a 3-mile radius, household counts have increased while total population edged down, reflecting smaller household sizes and a gradual shift toward more, smaller households. That pattern tends to support ongoing demand for rental units, particularly for studios and smaller floor plans, and can help maintain occupancy. Median home values in the neighborhood are low relative to national norms, which means ownership is more accessible and can compete with rentals; operators should emphasize convenience, professional management, and predictable housing costs to retain residents.
The asset s 1997 vintage is newer than much of the surrounding housing stock. For investors, that typically offers a competitive edge versus older properties in the area, while still planning for mid-life system updates and select exterior/interior refreshes to position effectively against both older single-family rentals and small multifamily comparables.
Comparable neighborhood crime metrics are not available in the dataset provided for this location. Investors typically benchmark safety using county and metro trend lines, review recent incident trends, and align security measures and lighting with lender and insurance expectations for rural assets.
Regional employment is anchored by distribution and corporate office nodes within commuting range, supporting workforce housing demand tied to AutoZone, General Mills, Avnet Services, and Xerox offices.
- Autozone Distribution Center distribution (33.1 miles)
- General Mills corporate offices (37.0 miles)
- Avnet Services corporate offices (40.2 miles)
- The Xerox Company corporate offices (40.4 miles)
- Avnet Services LifeCycle Solutions corporate offices (40.7 miles)
320 W Main St offers a 25-unit, 1997-vintage footprint in a rural corner of the Columbus metro, where neighborhood occupancy is around the national midpoint and renter concentration is competitive among local peers. The property s relative youth versus older area stock supports operational competitiveness, while lower neighborhood rent levels can encourage steady leasing and retention for value-driven renters, according to CRE market data from WDSuite.
Demand signals within a 3-mile radius point to more households even as population trends drift lower, implying smaller household sizes and a stable renter pool for modestly priced units. Key considerations include limited nearby amenities and more accessible ownership options, which may temper rent growth; disciplined expense control, selective renovations, and a focus on management quality are important levers for performance.
- 1997 vintage offers competitive positioning versus older neighborhood stock with targeted capex
- Neighborhood occupancy near national midpoint supports income stability
- Renter-occupied share around one-third indicates a durable tenant base locally
- Household growth within 3 miles suggests ongoing demand for smaller, value units
- Risks: limited amenity base and more accessible ownership may constrain pricing power