| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 60th | Good |
| Demographics | 66th | Good |
| Amenities | 23rd | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 69 Rock Creek Dr, Delaware, OH, 43015, US |
| Region / Metro | Delaware |
| Year of Construction | 1981 |
| Units | 60 |
| Transaction Date | 2012-08-08 |
| Transaction Price | $1,000,000 |
| Buyer | SUNNYVIEW SQUARE APARTMENTS LLC |
| Seller | SUNNYVIEW SQUARE LTD |
69 Rock Creek Dr Delaware 60-Unit Value-Add
Stabilized suburban location with solid household incomes and moderate rent-to-income supports steady leasing, according to WDSuite s CRE market data. The 1981 vintage suggests practical value-add potential to enhance competitiveness versus newer area stock.
Located in Delaware, Ohio within the Columbus metro, the neighborhood is competitive among 580 Columbus neighborhoods (ranked 230), with occupancy measured at the neighborhood level sitting above the national median but below the metro median. Median household incomes trend high for the neighborhood (76th percentile nationally), which can support pricing resilience, while a rent-to-income ratio near 0.14 indicates manageable affordability pressure for renters and potential retention benefits.
Livability is suburban: everyday retail and dining are limited in immediate proximity (amenities score below metro average), but park access performs above many peers (competitive locally and 70th percentile nationally). Average school ratings in the neighborhood place it in the top quartile among 580 Columbus neighborhoods, an attribute that can bolster family-oriented renter demand even if school quality varies by campus.
Tenure patterns vary by lens. At the neighborhood level, renter concentration is on the lower side, implying a smaller immediate renter base. Within a 3-mile radius, roughly one-third of housing units are renter-occupied, broadening the catchment for multifamily leasing and providing a deeper tenant pool for a 60-unit asset.
Demographics aggregated within a 3-mile radius show recent population growth with additional gains projected through 2028, alongside an increase in households. These trends point to a gradually expanding renter pool that can support occupancy stability. Home values are elevated for the region but not extreme (around the national mid-range), which may introduce some competition from ownership alternatives; however, this typically still sustains reliance on multifamily for convenience and flexibility.
Safety indicators compare favorably. The neighborhood s overall crime rank is 70 out of 580 within the Columbus metro, placing it in the top quartile locally, and around the 63rd percentile nationally for safety relative to neighborhoods nationwide.
Property offenses are comparatively low for the area (rank 40 of 580; about the 87th percentile nationally for safer outcomes), while recent violent offense trends warrant monitoring given a one-year uptick that underperforms many peers (rank 436 of 580; around the 5th percentile nationally on trend). For investors, this mix suggests generally favorable day-to-day conditions with an emphasis on continued security best practices and ongoing trend review.
Proximity to major employers supports commuter convenience and broad renter demand, with nearby nodes in healthcare distribution, industrial manufacturing, and retail/apparel represented below.
- Cardinal Health healthcare distribution (13.2 miles) HQ
- Parker-Hannifin Corporation industrial components (13.4 miles)
- Fuse by Cardinal Health technology & innovation lab (13.9 miles)
- L Brands retail & apparel (20.0 miles) HQ
- Nationwide insurance services (23.4 miles) HQ
This 60-unit property, built in 1981, is older than the neighborhood s 2002 average construction vintage, pointing to clear value-add and capital planning angles to strengthen competitive positioning versus newer stock. Neighborhood-level occupancy trends are above the national median but below the Columbus metro median, and demographics within a 3-mile radius indicate population growth and more households ahead, which should widen the tenant base and help support leasing stability.
Income fundamentals are a relative strength: higher neighborhood household incomes and a moderate rent-to-income profile can underpin retention and pricing. According to CRE market data from WDSuite, day-to-day safety conditions compare favorably in the metro, while recent violent-offense trend volatility argues for prudent security measures and ongoing monitoring. Ownership costs sit near the national mid-range, suggesting some competition from for-sale alternatives but continued reliance on multifamily for flexibility.
- 1981 vintage offers practical value-add and modernization upside versus newer local stock
- Expanding 3-mile renter pool supports occupancy stability and leasing depth
- Higher neighborhood incomes and moderate rent burden aid retention and pricing power
- Employer access across healthcare, industrial, and corporate HQs underpins commuter demand
- Risk: amenity convenience is limited nearby and crime trend volatility merits continued monitoring