| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 43rd | Best |
| Demographics | 36th | Poor |
| Amenities | 68th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 315 Colegate Dr, Marietta, OH, 45750, US |
| Region / Metro | Marietta |
| Year of Construction | 2008 |
| Units | 28 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
315 Colegate Dr Marietta, OH Multifamily Investment
Built in 2008 and newer than much of the local stock, this 28-unit asset targets a renter base supported by a high-cost ownership landscape and everyday amenities, according to WDSuite’s CRE market data.
Livability fundamentals are favorable for everyday renters. Neighborhood amenities test well versus the metro: grocery, pharmacy, and restaurant density rank competitive among Marietta’s 34 neighborhoods (amenity rank 3 of 34), translating to convenient daily needs and service access. Average school ratings trend below national norms, so demand will skew more toward workforce and value-oriented segments than school-driven movers.
The property’s 2008 vintage is newer than the neighborhood’s average construction year of 1976. For investors, that positioning can reduce near-term capital exposure versus older stock while still leaving room for selective modernization to sharpen competitive standing.
Renter demand signals are mixed but investable. The neighborhood shows a renter-occupied share near the top quartile nationally, indicating depth in the tenant base. At the same time, neighborhood occupancy runs below national averages, suggesting lease-up and retention will depend on effective operations and unit-level value. Median rents in the area sit on the lower end nationally, which supports retention but may temper pricing power in the near term.
Within a 3-mile radius, households increased even as population edged down over the past five years, and forecasts call for further household growth alongside smaller household sizes. For investors, that points to a larger tenant base over time—more individual households seeking units—which can support occupancy stability and the appeal of efficient floor plans. Elevated value-to-income ratios in the neighborhood imply a relatively high-cost ownership market locally, which tends to reinforce reliance on multifamily rentals and supports steady demand.
Safety metrics compare favorably in broader context. The neighborhood is in the safer tier among 34 Marietta-area neighborhoods (crime rank 30 of 34) and sits around the 70th percentile nationally, indicating lower reported crime than many neighborhoods nationwide. Recent data also show notable declines in property offenses year over year, which is a constructive trend for renter appeal and retention.
As with any micro-location, performance can vary by block and over time. Investors should underwrite to property-level controls (lighting, access, management presence) and monitor local trendlines rather than relying solely on historical readings.
315 Colegate Dr offers newer-vintage workforce housing relative to the area, with 2008 construction standing out against older neighborhood stock. Neighborhood renter concentration is strong and ownership looks relatively expensive versus income, supporting a stable tenant base. According to CRE market data from WDSuite, local occupancy trends trail national levels, so execution on leasing and renewals will be important, but everyday amenities nearby and household growth within a 3-mile radius support durable demand.
Investors can focus on operational consistency and targeted updates to enhance leasing velocity and retention. Lower local rent levels support renewal capture and occupancy, while selective modernization can position the asset competitively against aging alternatives without requiring heavy repositioning.
- Newer 2008 vintage versus local 1970s average limits near-term capital needs and improves competitive positioning
- Strong renter-occupied share and high value-to-income ratios support a deep tenant base and leasing stability
- Household growth and smaller household sizes within 3 miles expand the renter pool for efficient layouts
- Lower local rent levels aid retention; targeted upgrades can unlock incremental rent without overcapitalizing
- Risk: neighborhood occupancy trails national norms and school ratings are lower, requiring disciplined leasing and management