| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 45th | Fair |
| Demographics | 23rd | Poor |
| Amenities | 52nd | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1416 Striebel Rd, Columbus, OH, 43227, US |
| Region / Metro | Columbus |
| Year of Construction | 1975 |
| Units | 66 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
1416 Striebel Rd Columbus Multifamily Investment Opportunity
High renter concentration in the surrounding neighborhood supports a deep tenant base and steady occupancy, according to WDSuite’s CRE market data. This positioning favors leasing stability for a 66‑unit asset while allowing disciplined rent management.
Located in an Inner Suburb of Columbus, the neighborhood carries a B- rating and shows balanced livability for workforce renters. Neighborhood occupancy is measured at 92.7%, roughly in line with national norms and slightly above the national median, per WDSuite’s CRE market data. Renter-occupied housing is prevalent (63.7% of units), which indicates a deep local tenant pool and supports ongoing leasing velocity for multifamily.
Everyday amenities are reasonably accessible: cafes and pharmacies rank in higher national percentiles, while grocery options are competitive for the metro. Parks and formal childcare are limited locally, which may reduce appeal for some family renters and should be considered in marketing and amenity strategy. Average public school ratings in the neighborhood score near the low end nationally; investors should plan for value propositions that do not rely on top-tier school draw.
Within a 3‑mile radius, population and household counts have grown in recent years, and WDSuite indicates further gains are projected, pointing to a larger tenant base ahead. Median contract rents in the vicinity remain attainable for the metro, which helps sustain demand and supports occupancy stability while leaving room for thoughtful, income‑aligned rent moves.
Home values in the neighborhood trend on the lower end nationally, making ownership more accessible than in high‑cost markets. For investors, this implies a competitive backdrop where pricing power should be calibrated to retention and value delivery rather than premium positioning. Rent‑to‑income levels suggest manageable affordability pressure, which supports lease renewal strategies if increases are paced to income trends.
Safety indicators for the neighborhood track below national averages, with WDSuite’s data placing the area in a lower national percentile for safety. Relative to the Columbus metro’s 580 neighborhoods, the community performs below the metro median, so investors should underwrite with conservative assumptions for security-related operating practices and potential insurance costs.
Recent trends are mixed but include a notable decline in property offenses over the past year, which is a constructive signal to monitor. Given the below-average national standing, a visible security program, lighting, and resident engagement can mitigate risk and support retention.
Proximity to established employers underpins workforce housing demand and commute convenience. Nearby anchors include beverage manufacturing/distribution, electrical/industrial distribution, and several major corporate headquarters that broaden the professional tenant base.
- Dr Pepper Snapple Group — beverages (3.38 miles)
- Wesco Distribution — electrical/industrial distribution (5.10 miles)
- Nationwide — financial services (6.30 miles) — HQ
- American Electric Power — utilities (6.37 miles) — HQ
- Avnet Services - LifeCycle Solutions — technology services (6.39 miles)
This 66‑unit asset, built in 1975, is newer than much of the neighborhood’s 1960s-era stock, offering relative competitiveness while still warranting planning for aging systems and selective modernization. Neighborhood occupancy sits around the national median with a high share of renter‑occupied units, supporting depth of demand and stable lease‑up dynamics. According to CRE market data from WDSuite, nearby rents remain attainable for the metro, reinforcing steady absorption while leaving scope for value‑add upgrades tied to proven demand.
Within a 3‑mile radius, population and household growth—along with forecasts pointing to additional household expansion—suggests a larger tenant base over the medium term. Lower home values in the immediate area create a competitive environment with ownership; operators who emphasize functional renovations, cost‑conscious amenities, and service quality can strengthen retention and modest pricing power. Underwriting should also reflect below‑average safety metrics and mixed school performance, with corresponding operating strategies to support resident satisfaction.
- 1975 vintage offers competitive positioning versus older local stock while enabling targeted value‑add and systems updates.
- High neighborhood renter concentration supports a deep tenant pool and occupancy stability.
- Attainable area rents and steady demand provide room for disciplined renovations and revenue management.
- 3‑mile population and household growth expand the renter base, aiding leasing and renewal performance.
- Risks: below‑average safety metrics and limited parks/childcare; plan for security, service, and value‑driven amenity spend.