| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 37th | Poor |
| Demographics | 50th | Fair |
| Amenities | 30th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 101 Max Emmert Dr, Somerset, OH, 43783, US |
| Region / Metro | Somerset |
| Year of Construction | 1990 |
| Units | 43 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
101 Max Emmert Dr Somerset Multifamily Investment
1990-vintage, 43-unit asset in a rural Columbus metro submarket where renter demand is reinforced by a modest renter-occupied housing base and competitive ownership costs, according to WDSuite’s CRE market data. Expect steady, workforce-oriented tenancy with scope to optimize operations in line with nearby peers.
Located in Somerset within the Columbus, OH metro, the neighborhood is classified as Rural with a C+ neighborhood rating. Amenity access is around the metro median (ranked 263 of 580 neighborhoods), with better coverage in pharmacies and cafes than restaurants and parks. This positioning supports daily needs but suggests residents rely on nearby towns for broader retail and services, a typical pattern for rural submarkets.
The neighborhood’s housing stock skews older than the subject property (average vintage 1929), giving a 1990 build relative competitiveness versus much of the local inventory. For investors, this often translates to lower immediate CapEx on core systems than prewar assets, while still leaving room for selective modernization to sharpen leasing velocity and retention.
Renter concentration in the neighborhood is modest (27.3% of housing units are renter-occupied; ranked 281 of 580, above the metro median), indicating a measurable tenant base without oversaturation. Neighborhood occupancy is below the metro median (87.1%; ranked 503 of 580), so underwriting should emphasize property-level leasing strategy and management efficiency to sustain performance.
Within a 3-mile radius, demographics show a small population base with recent softness but a projected stabilization and a near-term increase in households, which can expand the renter pool and support occupancy. Median home values and a higher value-to-income ratio (top quartile nationally) point to a high-cost ownership market relative to local incomes, which helps sustain reliance on rental housing and pricing power. At the same time, rent-to-income levels are favorable (above the national median for renter affordability), a mix that supports lease retention and measured rent growth. These dynamics align with findings from WDSuite’s multifamily property research.
Comparable, validated neighborhood-level crime metrics are not available from WDSuite for this location. Investors typically contextualize safety by reviewing multi-year, metro-level trends and property-specific incident histories, and by comparing the asset’s performance and tenancy profile to nearby rural Columbus metro neighborhoods.
The employment base within commuting range mixes distribution and corporate services, supporting workforce housing demand and day-to-day leasing stability. Key nearby employers include AutoZone distribution operations as well as corporate services from Avnet, Xerox, and Dr Pepper Snapple.
- Autozone Distribution Center — distribution (24.4 miles)
- Avnet Services — technology services (33.4 miles)
- Avnet Services - LifeCycle Solutions — technology services (33.4 miles)
- The Xerox Company — business services (33.5 miles)
- Dr Pepper Snapple Group — beverage distribution (35.3 miles)
This 1990-built, 43-unit property offers relative competitive positioning in a rural submarket where much of the surrounding stock is older. According to CRE market data from WDSuite, the neighborhood’s renter share sits above the metro median while occupancy trails, suggesting a market where disciplined operations, targeted renovations, and tenant retention programs can differentiate performance. Ownership costs are comparatively elevated versus incomes, which helps sustain multifamily reliance, while rent-to-income levels indicate manageable affordability pressure that can support renewal rates and measured rent growth.
Near-term demographics within 3 miles indicate stabilization in population with an expected increase in households, expanding the tenant base even as the area remains lower-density. Taken together, the asset’s vintage, workforce orientation, and proximity to a mix of distribution and corporate employers present a straightforward value proposition with practical levers for NOI improvement.
- 1990 vintage in an area of older stock provides competitive positioning with selective value-add upside
- Renter share above metro median supports tenant base depth for a 43-unit asset
- Ownership costs relative to incomes reinforce rental demand and pricing power
- Projected household growth within 3 miles expands the local renter pool and supports occupancy stability
- Risks: below-median neighborhood occupancy and rural amenity depth require focused leasing, management, and CapEx planning