| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 60th | Good |
| Demographics | 66th | Good |
| Amenities | 23rd | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 42 Limetree Dr, Delaware, OH, 43015, US |
| Region / Metro | Delaware |
| Year of Construction | 1985 |
| Units | 80 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
42 Limetree Dr Delaware, OH Multifamily with Stable Suburban Drivers
Neighborhood-level occupancy trends are moderately favorable and rents track above national medians, according to WDSuite’s CRE market data, pointing to steady renter demand in a suburban context. Investor focus here centers on income durability and selective value-add to enhance competitiveness.
Delaware’s suburban setting offers family-oriented fundamentals with schools rating above the national median and childcare density that is stronger than many peers, supporting retention for renter households. Retail and dining are sparse within the neighborhood itself, while park access is competitive among Columbus neighborhoods, indicating outdoor recreation is a relative strength even as everyday conveniences may require short drives.
Rents in the neighborhood sit in the upper half nationally while the rent-to-income ratio is comparatively low, a combination that supports collections and lease management without outsized affordability pressure. The area’s NOI per unit performance ranks in the upper third nationally, reinforcing a track record of solid operations for comparable assets.
Tenure mix skews toward owner-occupied housing, with a lower renter concentration at the neighborhood level; for multifamily owners, this typically translates to a more targeted but stable tenant base and less direct competition from dense rental stock. Home values are moderate for the Columbus region, which can introduce some competition from ownership but also helps sustain renter reliance on multifamily housing for flexibility.
Demographic indicators aggregated within a 3-mile radius point to recent population and household growth, with forecasts calling for continued expansion and rising household incomes. This trajectory supports a larger tenant base over time, aiding occupancy stability and measured pricing power as new households enter the market.
Based on WDSuite’s neighborhood benchmarks, overall safety trends compare favorably versus many U.S. neighborhoods, with property crime measures in the top quartile nationally. That said, recent year-over-year volatility in violent offense indicators warrants monitoring, and owners may wish to align security practices and community engagement with evolving local trends.
Within the Columbus metro context, the neighborhood’s standing is mixed, but multi-year directionality shows improvement in property-related incidents alongside variability in violent offenses. For investors, prudent risk management and coordination with local resources can help sustain leasing stability without relying on any single-year change.
The employment base nearby includes healthcare, diversified industrial, and retail corporate offices that underpin commuter demand and support leasing stability. The list below highlights Cardinal Health, Parker-Hannifin, Fuse by Cardinal Health, L Brands, and Wesco by distance.
- Cardinal Health — healthcare distribution (13.2 miles) — HQ
- Parker-Hannifin Corporation — diversified industrial offices (13.3 miles)
- Fuse by Cardinal Health — healthcare technology (13.9 miles)
- L Brands — retail corporate offices (20.1 miles) — HQ
- Wesco Distribution — distribution services (21.8 miles)
For an 80-unit asset built in 1985, the investment case centers on durable suburban demand with operational upside. Neighborhood rents outperform national medians and occupancy is steady, while a lower renter concentration implies a more targeted leasing pool with less head-to-head competition from large rental clusters. The 1985 vintage suggests clear value-add potential through systems modernization and interior updates to compete against newer nearby stock built around 2002.
Within a 3-mile radius, recent population and household growth, along with rising incomes, support renter pool expansion and long-term leasing stability. According to CRE market data from WDSuite, local operating metrics such as NOI per unit and rent positioning compare favorably versus national peers, while moderate ownership costs may temper near-term pricing power — a manageable tradeoff for investors prioritizing consistent cash flow and targeted renovations.
- Stable suburban renter demand with occupancy holding at favorable levels
- 1985 vintage enables value-add via unit upgrades and building systems
- 3-mile radius growth and income gains support tenant base and retention
- Favorable NOI per unit and rents versus national peers back income durability
- Risks: lower renter concentration, modest amenity density, and safety trend variability