| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 46th | Fair |
| Demographics | 75th | Best |
| Amenities | 38th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 436 W 3rd St, Marysville, OH, 43040, US |
| Region / Metro | Marysville |
| Year of Construction | 1990 |
| Units | 112 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
436 W 3rd St Marysville 112-Unit Multifamily
Neighborhood occupancy is steady and renter demand is supported by expanding households and solid incomes, according to WDSuite’s CRE market data. The asset’s 1990 vintage positions it competitively versus older local stock while leaving room for targeted modernization.
Marysville sits within the Columbus, OH metro and this neighborhood rates B+ overall, competitive among Columbus neighborhoods (rank 169 of 580). Occupancy in the neighborhood is in the mid-90s, and WDSuite’s commercial real estate analysis places it above the national median for stability, which supports lease retention and limits downtime risk.
The area is suburban with practical amenities: restaurant density is above national norms while pharmacies and childcare access are also stronger than average. By contrast, immediate parks, grocery, and cafés are thinner, so daily needs skew toward a short drive rather than walk-to convenience. School quality trends strong—top quartile nationally—providing a family-friendly backdrop that can aid tenant retention.
Construction in the neighborhood skews older (average 1967), and this property’s 1990 vintage is newer than the local norm. That typically offers a relative edge on layouts and building systems versus mid-century stock, while still warranting periodic upgrades for competitiveness.
Within a 3-mile radius, households and families have expanded meaningfully over the last five years, with forecasts calling for continued population growth and a larger household base through 2028. This trajectory signals a broader tenant pool and supports occupancy stability for multifamily. The renter-occupied share within 3 miles sits below half, indicating a predominantly owner-occupied area; for investors, that can translate into steadier demand for well-located apartments with limited direct competition from large concentrations of rentals.
Home values and incomes in the neighborhood are around national midranges, and rent-to-income indicators imply manageable affordability pressure at current levels. For operators, that backdrop can support renewal rates and moderate pricing power, especially when paired with measured value-add that enhances livability without overstretching budgets.
Safety trends are favorable in a national context, with the neighborhood scoring above average nationwide by percentile. Within the Columbus metro, however, its crime rank sits closer to the higher-crime end (46 of 580), so operators should maintain standard security and lighting best practices.
Recent momentum is constructive: both property and violent offense estimates declined year over year, according to WDSuite’s CRE market data, which supports a prudent but positive outlook on safety trajectory. As always, investors should underwrite to current conditions and monitor local trend lines rather than block-level assumptions.
Proximity to regional corporate offices underpins commuter convenience and broadens the tenant base. Nearby employers include Parker-Hannifin, Cardinal Health, Fuse by Cardinal Health, Big Lots, and Nationwide—providing varied white-collar employment that helps support leasing stability.
- Parker-Hannifin Corporation — corporate offices (3.3 miles)
- Cardinal Health — corporate offices (16.1 miles) — HQ
- Fuse by Cardinal Health — corporate offices (17.2 miles)
- Big Lots — corporate offices (23.9 miles) — HQ
- Nationwide — corporate offices (27.1 miles) — HQ
The investment case centers on occupancy stability, a growing 3-mile household base, and competitive positioning versus older neighborhood stock. Built in 1990, the property is newer than the local average, which can reduce near-term structural obsolescence while leaving room for targeted renovations to drive rents and retention. According to CRE market data from WDSuite, neighborhood occupancy trends above national medians and school quality sits in the top quartile nationally—both supportive of long-run tenant demand.
Household and income growth in the surrounding area suggest a widening renter pool and solid ability to pay, while homeownership costs near national midranges tend to sustain reliance on quality rentals. Key risks include thinner walkable daily-needs retail in the immediate area and within-metro crime positioning that warrants standard operating controls; underwriting should balance these against positive demand and trend improvements.
- Stable neighborhood occupancy and expanding 3-mile household base support lease-up and renewals
- 1990 vintage is newer than local average, with value-add potential via selective modernization
- School quality in the top quartile nationally aids family retention and community appeal
- Balanced home values and rent-to-income levels point to manageable affordability pressure
- Risks: limited immediate walkable amenities and within-metro crime rank; mitigate with security, lighting, and amenity programming