| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 61st | Best |
| Demographics | 57th | Good |
| Amenities | 41st | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 156 Damascus Rd, Marysville, OH, 43040, US |
| Region / Metro | Marysville |
| Year of Construction | 2005 |
| Units | 21 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
156 Damascus Rd Marysville Multifamily Investment
Neighborhood occupancy ranks at the top of the Columbus metro, supporting stable renter demand, according to WDSuite’s CRE market data. Metrics reference the surrounding neighborhood, not this property.
Marysville’s suburban setting delivers day-to-day convenience with grocery and pharmacy access that is competitive among Columbus neighborhoods (ranks 95 and 58 out of 580, respectively), while broader amenity density sits closer to the middle of the pack nationally. Dining and cafe options are limited within the immediate neighborhood, which may modestly reduce walkable lifestyle appeal but is typical for low-density suburbs.
School quality stands out: the neighborhood’s average school rating is in the top quartile nationally and ranks 30 of 580 within the metro, a factor that can underpin leasing stability for family-oriented tenants. Parks access also performs strongly among local peers (rank 115 of 580), adding to overall livability.
Renter concentration in the neighborhood is measured at roughly one-fifth to one-quarter of housing units (22.1% renter-occupied per WDSuite), indicating a predominantly owner-occupied area. For investors, this typically means a smaller but more stable tenant base, where rent-to-income levels near the national midpoint (0.15) can support retention with disciplined lease management. Median asking rents in the neighborhood rank in the top quartile among 580 Columbus neighborhoods and fall around the upper-third nationally, signaling pricing power relative to metro peers.
Home values sit near the national midpoint and the value-to-income ratio is lower than many markets (20th percentile nationwide), suggesting ownership is comparatively accessible. That can introduce competition with for-sale housing; however, solid neighborhood incomes (78th percentile nationally) and limited new rental supply locally can still sustain demand for quality multifamily product.
Within a 3-mile radius, population grew by about 10% over the last five years, households by roughly 22%, and are projected to expand further through 2028. This broad-based growth implies a larger tenant base and supports occupancy durability as new households form and incomes rise in the trade area.
According to WDSuite, the neighborhood’s safety profile compares favorably at the national level, landing in the top quartile nationwide. Recent data also show year-over-year declines in both violent and property offenses, indicating an improving trend rather than a one-off result.
Compared with other Columbus neighborhoods, the area’s recent improvement in reported property incidents ranks among the strongest across the 580-neighborhood metro set. While conditions can vary by block and over time, the directional trend and comparative standing provide a constructive backdrop for renter retention and asset operations.
The employment base blends advanced manufacturing and regional headquarters within commuting range, supporting workforce housing demand and lease stability. Key nearby employers include Parker-Hannifin, Cardinal Health (HQ), Fuse by Cardinal Health, Staples Fulfillment Center, and Big Lots (HQ).
- Parker-Hannifin Corporation — manufacturing & engineering (4.1 miles)
- Cardinal Health — healthcare distribution (16.9 miles) — HQ
- Fuse by Cardinal Health — healthcare technology (18.0 miles)
- Staples Fulfillment Center — e-commerce fulfillment (23.3 miles)
- Big Lots — retail headquarters (24.4 miles) — HQ
Built in 2005, this 21-unit asset is newer than the neighborhood’s average vintage, positioning it competitively versus older local stock while leaving room for targeted systems upgrades over a typical hold. Neighborhood occupancy ranks at the top of the Columbus metro, and within a 3-mile radius both population and households have expanded meaningfully with further growth forecast, supporting a larger tenant base and occupancy stability. Based on CRE market data from WDSuite, neighborhood rents price in the upper tier of the metro while rent-to-income levels sit near the national midpoint, a mix that can balance pricing power with retention.
The area’s grocery, pharmacy, parks, and school metrics are strong relative to local peers, and proximity to major employers underpins steady leasing. The tenant pool is smaller given a lower renter share locally, and relatively accessible homeownership can create competition; however, ongoing household growth and improving safety trends help offset these risks for well-managed multifamily product.
- Newer 2005 vintage enhances competitive positioning; plan for selective modernization over time
- Neighborhood occupancy at top of metro and 3-mile household growth support durable demand
- Rents rank high within Columbus while rent-to-income sits near national midpoint, aiding retention
- Strong schools, parks, and daily-needs access bolster family and workforce renter appeal
- Risk: lower renter concentration and accessible ownership options may temper lease-up velocity