| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 43rd | Best |
| Demographics | 36th | Poor |
| Amenities | 68th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1001 Colonial Dr, Marietta, OH, 45750, US |
| Region / Metro | Marietta |
| Year of Construction | 1972 |
| Units | 24 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
1001 Colonial Dr, Marietta OH Multifamily Opportunity
Neighborhood fundamentals point to steady renter demand supported by amenity access and ownership costs that sit high relative to local incomes, according to WDSuite s CRE market data and commercial real estate analysis.
The property sits in a rural Marietta neighborhood rated A and ranked 3rd of 34 metro neighborhoods, indicating top-quartile positioning locally. Amenity density is competitive among Marietta neighborhoods, with restaurants, groceries, pharmacies, and cafes all ranking near the top of the metro, aligning with day-to-day convenience that supports leasing.
Neighborhood occupancy runs below the metro median based on WDSuite s CRE market data, suggesting investors should emphasize tenant retention and targeted leasing to stabilize. At the same time, renter concentration is above the metro median (higher share of renter-occupied housing units), which points to a deeper tenant base for small to mid-size multifamily assets.
Within a 3-mile radius, households have grown while average household size has trended smaller, and projections show further household gains alongside smaller household sizes over the next five years. That mix typically supports demand for rental units and can aid occupancy stability for efficiently sized product. Median home values are lower in absolute terms, but the value-to-income ratio sits in the top quartile nationally, indicating a high-cost ownership market relative to local incomes that can reinforce reliance on rental housing.
School ratings in the neighborhood track below national midpoints, which can temper some family-driven demand, but everyday amenities and commute-scale convenience within the Marietta area help maintain renter appeal. Median contract rents remain comparatively low versus many U.S. submarkets, but rent-to-income measures run on the higher side locally, calling for careful lease management and renewal strategies.
Relative to the Marietta metro, this neighborhood s safety profile is above the metro median (crime rank 30 out of 34), and national comparisons place it in the top quartile for safety, according to WDSuite s CRE market data. Property and violent offense rates benchmark favorably nationwide (both in high national percentiles), which supports leasing stability and resident retention.
Recent trend data are mixed: property offenses show a notable year-over-year improvement, while violent offense rates have ticked up. For underwriting, a prudent approach is to assume current levels persist and to monitor trajectory rather than assume continued improvement.
Built in 1972, the asset is slightly older than the neighborhood s average vintage, creating clear value-add and capital planning opportunities to improve competitive positioning against newer stock. The local renter base is comparatively deep for the metro, amenity access is competitive, and ownership costs relative to local incomes remain elevated factors that can sustain renter demand and support occupancy stability with disciplined operations. According to CRE market data from WDSuite, neighborhood occupancy trends sit below the metro median, so execution on leasing and renewals is the key lever.
Investors should weigh modest school ratings and mixed safety trends against favorable relative safety standing, solid amenity coverage, and a 3-mile radius outlook that points to more households and smaller household sizes a backdrop that typically benefits efficiently sized multifamily units.
- Older 1972 vintage supports a clear value-add thesis via renovations and system upgrades
- Renter concentration above the metro median indicates a deeper tenant base for leasing
- Competitive amenity access (food, grocery, pharmacy) aids day-to-day livability and retention
- Household growth and smaller household sizes within 3 miles favor multifamily demand
- Risks: neighborhood occupancy below metro median, modest school ratings, and mixed safety trends require active asset management