| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 52nd | Good |
| Demographics | 58th | Good |
| Amenities | 29th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 200 Miller Ave, Ashville, OH, 43103, US |
| Region / Metro | Ashville |
| Year of Construction | 1990 |
| Units | 25 |
| Transaction Date | 2006-02-28 |
| Transaction Price | $1,300,000 |
| Buyer | CINCINNATI CAPITAL PARTNERS XXXVII LLC |
| Seller | ASHVILLE EQUITY LP |
200 Miller Ave Ashville 25-Unit Multifamily Investment
Neighborhood fundamentals point to steady renter demand and high occupancy at the area level, according to WDSuite’s CRE market data. With renter concentration and household growth measured for the neighborhood rather than the property, the location signals durable tenancy and manageable turnover risk.
200 Miller Ave sits in Ashville within the Columbus, OH metro, where the surrounding neighborhood is rated B and ranks 265 out of 580 metro neighborhoods. Occupancy in the neighborhood is strong at the area level, ranking 108 of 580 (top quartile among metro peers and top quartile nationally), a constructive signal for multifamily stability. The local renter-occupied share is measured at the neighborhood level at 42% (rank 167 of 580; high national percentile), indicating a meaningful tenant base for lease-up and renewals.
Daily-needs access is serviceable rather than walkable. Grocery access ranks 249 of 580 (above the metro median), and pharmacies rank 137 of 580 (competitive among Columbus neighborhoods), while cafés and parks are limited in close proximity. For investors, this mix supports suburban living preferences but suggests amenities are more drive-oriented than pedestrian.
School quality trends are a relative positive: average school ratings are top quartile among 580 metro neighborhoods and above the 70th percentile nationally, which can underpin longer stays for family renters. Median home values in the neighborhood are moderate for the region, and the rent-to-income ratio sits in the upper national percentiles for affordability, supporting pricing power with lower retention risk compared with higher-burden submarkets.
Demographic indicators are aggregated within a 3-mile radius and point to a growing renter pool: recent population and household gains are projected to continue through the next five years, with households expanding faster than population, implying smaller household sizes and more renters entering the market. This trajectory supports occupancy stability and depth of demand for a 25-unit asset.
The property’s 1990 construction is newer than the neighborhood’s average vintage (1960s), giving it a relative competitive edge versus older stock. Investors should still plan for targeted modernization and systems updates typical of a 1990s asset to protect rent positioning over the hold.
Comparable crime rankings for this specific neighborhood are not available in WDSuite’s dataset for the current period. Investors typically benchmark local safety conditions alongside nearby Columbus metro neighborhoods and monitor municipal trend reports to understand directionality. Use on-the-ground diligence to validate leasing assumptions and retention expectations.
The location draws from a diversified employment base that supports renter demand and commute convenience, including nearby corporate offices and regional headquarters such as Avnet Services, The Xerox Company, Avnet Services - LifeCycle Solutions, American Electric Power, and Nationwide.
- Avnet Services — corporate offices (8.5 miles)
- The Xerox Company — corporate offices (8.6 miles)
- Avnet Services - LifeCycle Solutions — corporate offices (9.8 miles)
- American Electric Power — utilities HQ & corporate (17.3 miles) — HQ
- Nationwide — insurance HQ & corporate (17.5 miles) — HQ
This 25-unit, 1990-vintage property benefits from strong neighborhood occupancy, a sizable renter-occupied base at the area level, and family-friendly school ratings that are competitive within the Columbus metro. According to CRE market data from WDSuite, the neighborhood’s occupancy ranks in the top quartile among 580 metro neighborhoods while rent burdens are comparatively low, a combination that supports lease retention and measured pricing power.
Within a 3-mile radius, continued population and household growth point to renter pool expansion over the next five years. The asset’s newer-than-neighborhood vintage offers relative competitiveness versus older local stock, with potential to realize value through targeted unit and systems modernization as the area’s incomes and market rents advance.
- Neighborhood occupancy strength and low rent-to-income support stable cash flow
- 1990 vintage is newer than local average, with value-add via selective updates
- 3-mile household and income growth expands the tenant base and supports rent positioning
- Corporate employment access (AEP, Nationwide) aids leasing and retention
- Risk: drive-oriented amenities may temper walkability appeal; underwrite accordingly