| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 46th | Fair |
| Demographics | 75th | Best |
| Amenities | 38th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 749 N Maple St, Marysville, OH, 43040, US |
| Region / Metro | Marysville |
| Year of Construction | 1997 |
| Units | 24 |
| Transaction Date | 2005-09-02 |
| Transaction Price | $2,480,000 |
| Buyer | MILL CREEK APARTMENTS LTD |
| Seller | WAEL OF OHIO LLC |
749 N Maple St Marysville Multifamily Investment
Positioned in a suburban pocket with mid-90s neighborhood occupancy and a 1997 vintage that compares favorably to older local stock, this asset targets steady renter demand and practical operations, according to WDSuite's CRE market data.
Marysville sits within the Columbus, OH metro and this neighborhood rates B+ and is competitive among Columbus neighborhoods (ranked 169 of 580). Occupancy in the area is in the mid-90s, which supports income stability for professionally managed multifamily. Renter-occupied housing is a minority share locally, suggesting a shallower renter base than urban cores, but the depth that exists tends to skew toward stable, longer-term tenancy.
Local livability leans suburban: restaurants are present while cafes, parks, and grocery options are thinner in immediate proximity. School quality trends strong (top quartile nationally), and childcare and pharmacy access score above national medians—factors that often correlate with retention for workforce-oriented properties. The property's 1997 construction is newer than the neighborhood's typical 1960s-era housing, offering competitive positioning versus older stock while still warranting targeted system updates over a long hold.
Within a 3-mile radius, population and household counts have grown and are projected to expand further by 2028, pointing to a larger tenant base over time. Income levels track above national medians, and the neighborhood's rent-to-income ratio sits in the upper national percentiles, indicating lower affordability pressure that can support lease retention and measured pricing power. This context aligns with balanced demand drivers highlighted in commercial real estate analysis from WDSuite.
Home values sit near national midpoints for the metro, creating a high-cost ownership market relative to local rents in some subareas. For investors, that dynamic tends to sustain reliance on multifamily housing and can bolster occupancy stability, particularly for well-maintained assets near daily needs and employment corridors.
Neighborhood safety indicators trend favorable relative to national comparisons: overall crime aligns with the safer side of the spectrum (about the 69th percentile nationally), with violent incidents near national averages and property offenses trending safer. Recent year-over-year data show notable declines in both violent and property offense rates, reinforcing a constructive trajectory rather than block-level guarantees. For investors, this supports tenant retention and day-to-day operations without overstating precision.
Proximity to diversified employers underpins renter demand through commute convenience and steady workforce inflows, including Parker-Hannifin, Cardinal Health, Fuse by Cardinal Health, the Staples Fulfillment Center, and Big Lots.
- Parker-Hannifin Corporation — industrial manufacturing offices (3.6 miles)
- Cardinal Health — healthcare services & distribution (16.3 miles) — HQ
- Fuse by Cardinal Health — healthcare technology & innovation (17.4 miles)
- Staples Fulfillment Center — distribution & logistics (23.9 miles)
- Big Lots — retail corporate offices (24.2 miles) — HQ
This 24-unit, 1997-vintage asset is newer than much of the surrounding 1960s housing stock, positioning it competitively for renter appeal while leaving room for targeted value-add and systems modernization over time. Neighborhood occupancy is in the mid-90s and above metro medians, supporting stable collections and reduced downtime; according to CRE market data from WDSuite, the area also trends in the safer half nationally with improving crime measures.
Within a 3-mile radius, population and households have increased and are projected to expand further by 2028, implying renter pool expansion that can support sustained leasing velocity. Income levels track above national norms and rent-to-income sits in favorable territory, reinforcing retention and measured pricing power. Amenities are suburban in character—restaurants present, with thinner cafe and grocery density—so asset strategy should lean on functional finishes, parking, and professional operations to capture demand from nearby employment corridors.
- Mid-90s neighborhood occupancy and above-median metro positioning support income stability
- 1997 vintage is competitive versus older local stock, with targeted value-add potential
- 3-mile population and household growth point to a larger tenant base and steady leasing
- Employer proximity (Parker-Hannifin and Cardinal Health nodes) supports workforce housing demand
- Risk: thinner walkable amenities and modest renter concentration may temper demand depth; plan for strong marketing and resident services