| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 46th | Fair |
| Demographics | 75th | Best |
| Amenities | 38th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 718 Collins Ave, Marysville, OH, 43040, US |
| Region / Metro | Marysville |
| Year of Construction | 1972 |
| Units | 22 |
| Transaction Date | 2019-10-28 |
| Transaction Price | $462,500 |
| Buyer | BRADLEY INVESTMENT TEAM LLC |
| Seller | MERCER FRANCES S |
718 Collins Ave Marysville Multifamily Investment
Steady renter demand is supported by above-average neighborhood occupancy and expanding nearby households, according to WDSuite's CRE market data. This backdrop points to durable leasing fundamentals for a 22-unit asset in suburban Marysville.
The Marysville neighborhood around 718 Collins Ave is competitive among Columbus neighborhoods (ranked 169 of 580), with occupancy at 95.5% and a B+ neighborhood rating, based on CRE market data from WDSuite. Renter concentration at the neighborhood level is modest at 19.8% of housing units, suggesting a shallower immediate tenant pool but often stable tenancy where units are well-positioned.
Within a 3-mile radius, population grew by 11.1% over the last five years and households by 22.8%, with forecasts pointing to continued expansion through 2028. This trajectory indicates a larger tenant base and supports occupancy stability for multifamily as more renters enter the market.
Local dynamics skew family-friendly: the average school rating sits in the top quartile nationally (4.0 average, 84th percentile). Childcare and pharmacy density score well compared with national peers, restaurant coverage is competitive for the metro, while cafes, grocery stores, and parks are relatively sparse—useful inputs for amenities strategy in any commercial real estate analysis.
Home values in the neighborhood are near the national mid-range, and the value-to-income ratio implies a more accessible ownership market than high-cost metros. For investors, this can introduce some competition from entry-level ownership; however, a rent-to-income ratio near 0.12 and solid household incomes support retention and measured pricing power with effective asset management.
Safety compares favorably at the national level: the neighborhood's overall crime profile ranks in the upper third nationwide (69th percentile), according to WDSuite. Year over year, property offenses are estimated to have declined sharply (top decile improvement nationally), and violent offenses also trended down—constructive for renter confidence and lease management.
Conditions vary across the Columbus metro, so underwriting should incorporate recent, property-level incident history and management practices. The improving trend and national standing provide supportive context but should be paired with on-the-ground diligence.
The employment base blends nearby corporate offices and regional headquarters that help support renter demand and commute convenience for the workforce. The list below highlights key employers within commuting range referenced in this analysis.
- Parker-Hannifin Corporation — corporate offices (3.2 miles)
- Cardinal Health — corporate offices (15.9 miles) — HQ
- Fuse by Cardinal Health — corporate offices (17.0 miles)
- Staples Fulfillment Center — corporate offices (22.8 miles)
- Big Lots — corporate offices (23.5 miles) — HQ
This Marysville asset benefits from neighborhood occupancy around the mid-90s and household expansion within a 3-mile radius, supporting a stable tenant base. According to CRE market data from WDSuite, the area shows nationally favorable safety trends and strong school ratings, which can underpin retention for well-managed units.
Balanced underwriting should account for a modest neighborhood renter concentration and relatively accessible ownership options that can compete with rentals. Even so, rising nearby incomes and forecast household growth through 2028 point to ongoing demand depth, with value realized through disciplined operations and targeted renovations.
- Occupancy strength and growing nearby households support leasing stability
- Favorable national safety standing and strong school ratings aid retention
- Expanding 3-mile renter pool and income growth bolster demand
- Potential value via targeted renovations and thoughtful amenities positioning
- Risk: lower renter concentration and accessible ownership may temper pricing power