| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 78th | Best |
| Demographics | 68th | Good |
| Amenities | 32nd | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 821 Millcrest Dr, Marysville, OH, 43040, US |
| Region / Metro | Marysville |
| Year of Construction | 1985 |
| Units | 45 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
821 Millcrest Dr Marysville Multifamily Investment
Neighborhood occupancy is high and rent-to-income levels suggest manageable affordability, supporting steady leasing, according to CRE market data from WDSuite. Within a 3-mile radius, household growth is expanding the tenant base, reinforcing demand for professionally managed units.
The property sits in Marysville, an Inner Suburb of the Columbus, OH metro, with an A- neighborhood rating and a rank of 95 out of 580 metro neighborhoods. At the neighborhood level, occupancy is 98.9%, placing it in the top quartile nationally and competitive among Columbus neighborhoods (89 of 580). For investors, this points to leasing stability and limited downtime between turns.
Tenure patterns indicate depth for rentals: the neighborhood’s share of renter-occupied housing units is 50.6%, above many peer areas. By contrast, within a 3-mile radius the renter concentration is lower, suggesting the asset can serve a distinct rental niche even as the broader area has a larger share of owners. This mix can support a steady pipeline of prospects while aiding retention.
Demographics aggregated within a 3-mile radius show population growth over the past five years and a larger increase in households, with further gains projected over the next five years. This expansion implies a larger tenant base and supports occupancy stability for multifamily assets. Median household income in the neighborhood area is solid relative to regional norms, and a rent-to-income ratio near 0.13 indicates lower affordability pressure, which can benefit renewals and reduce turnover risk.
Local amenities skew practical rather than dining-centric. Neighborhood data show limited restaurant and cafe density, yet grocery access and parks are present around or above the metro median, with childcare availability comparatively strong. For investors, this pattern aligns with workforce-oriented demand and everyday convenience, while the broader Columbus job base provides regional connectivity for commuters, supported by ongoing multifamily property research from WDSuite.
Vintage matters: built in 1985, the asset is newer than much of the 1980s stock but older than the neighborhood’s average construction year of 2006. This typically calls for thoughtful capital planning and creates potential value-add avenues through renovations and system upgrades to compete effectively with newer product.
Safety indicators are mixed when viewed locally versus nationally. Within the Columbus metro, the neighborhood’s crime rank is 28 out of 580 (lower ranks indicate higher crime relative to peers). However, on a national basis it sits around the 75th percentile, which is comparatively safer than many neighborhoods nationwide.
Recent trend data are constructive: estimated violent and property offense rates have declined meaningfully year over year, with both categories showing some of the stronger improvements across the metro. For investors, the combination of national-level relative safety and improving local trends can support renter retention and leasing consistency, while continued monitoring remains prudent.
Proximity to diversified employers supports renter demand and commute convenience, led by manufacturing and healthcare anchors along with major retail and logistics operations: Parker-Hannifin, Cardinal Health (including its innovation unit), Staples Fulfillment Center, and Big Lots.
- Parker-Hannifin Corporation — manufacturing (2.9 miles)
- Cardinal Health — healthcare distribution & services (15.7 miles) — HQ
- Fuse by Cardinal Health — healthcare technology & innovation (16.7 miles)
- Staples Fulfillment Center — logistics & distribution (22.6 miles)
- Big Lots — retail corporate offices (23.2 miles) — HQ
This 45-unit 1985-vintage asset in Marysville benefits from strong neighborhood-level occupancy and a renter base supported by household growth within a 3-mile radius. According to CRE market data from WDSuite, the neighborhood’s occupancy stands in the top quartile nationally, while rent-to-income dynamics suggest room for sustainable rents and stable renewals. Given its older vintage relative to local stock, the property presents potential for value-add improvements to enhance competitive positioning and NOI.
Investor considerations include practical amenity access and proximity to major employers that underpin commute-driven leasing. While local crime ranks less favorably within the metro, national comparisons and recent improvements are constructive. Overall, durable demand fundamentals, income-supportive affordability, and value-add levers form the core of the long-term thesis.
- High neighborhood occupancy supports leasing stability and pricing discipline.
- Expanding 3-mile household base enlarges the tenant pool and supports retention.
- 1985 vintage offers value-add potential via targeted renovations and system upgrades.
- Income-supportive rent-to-income levels indicate manageable affordability and renewal potential.
- Risks: metro-relative safety rank and limited dining density warrant ongoing monitoring and active management.