| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 56th | Good |
| Demographics | 17th | Poor |
| Amenities | 38th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 3497 Nutcreek Ct, Columbus, OH, 43224, US |
| Region / Metro | Columbus |
| Year of Construction | 1976 |
| Units | 20 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
3497 Nutcreek Ct Columbus Multifamily Investment
Renter demand is supported by a high neighborhood share of renter-occupied units and occupancy that trends above the national median, according to WDSuite’s CRE market data. This positioning favors stable leasing while leaving room for disciplined rent management.
Located in an inner-suburban pocket of Columbus, the neighborhood shows steady renter appeal with occupancy measured for the neighborhood above the national median and improving over the past five years. A high renter-occupied share (ranked 46th of 580 metro neighborhoods — top decile in the metro) points to a deep tenant base that can help support leasing continuity for a 20-unit asset.
Neighborhood amenities are mixed: park access is comparatively strong (top quartile nationally), and childcare density ranks well within the metro, while on-the-block retail such as groceries, pharmacies, and cafes is limited. Restaurant density is around the national middle. For investors, this suggests day-to-day convenience relies more on short drives than walkable retail, which can influence marketing and resident retention strategies.
Demographics aggregated within a 3-mile radius indicate recent population growth with additional gains projected, alongside an increase in households that expands the local renter pool. Rising household incomes in this radius further support multifamily demand, though operators should calibrate pricing to local income bands to sustain occupancy stability.
Ownership costs in the neighborhood context are elevated relative to incomes compared with many U.S. areas (value-to-income ratio sits above the national median), which tends to reinforce reliance on rental housing. This dynamic can support tenant retention and consistent absorption, even as affordability pressures warrant prudent lease management.
Safety indicators for the neighborhood are below metro averages and trail most U.S. neighborhoods (roughly the lower fifth nationally). The neighborhood’s crime rank sits in the lower half of Columbus submarkets (ranked 385th of 580), signaling that investors should plan for standard security measures, resident screening, and lighting/camera upgrades where appropriate.
Recent trend signals from WDSuite point to year-over-year increases in both property and violent offenses at the neighborhood level. While block-level conditions can vary, underwriting should reflect these comparative readings and incorporate operating practices that support community standards and resident comfort.
Nearby employment anchors provide diverse white- and blue-collar job bases that support renter demand and commute convenience, including distribution, consumer brands, and major headquarters for financial services and utilities. The list below reflects notable employers within a roughly 2–6 mile radius that can influence leasing stability.
- Wesco Distribution — distribution (2.2 miles)
- L Brands — consumer brands (2.7 miles) — HQ
- Dr Pepper Snapple Group — beverage (3.9 miles)
- Nationwide — insurance & financial services (5.9 miles) — HQ
- American Electric Power — utilities (6.2 miles) — HQ
3497 Nutcreek Ct is a 20-unit multifamily asset positioned in a renter-heavy Columbus neighborhood where occupancy measured for the neighborhood trends above the national median. According to CRE market data from WDSuite, the area’s renter concentration is among the highest in the metro, which supports depth of tenant demand and potential leasing durability relative to more owner-tilted submarkets.
Within a 3-mile radius, modest population growth to date and projected gains, alongside an expanding household base, indicate a larger pool of renters over the medium term. Strong park and childcare access enhance livability, while limited walkable retail and below-average safety readings suggest underwriting for security and resident-experience investments. Affordability should be managed carefully given local income levels, balancing occupancy stability with revenue growth goals.
- Renter-heavy neighborhood with occupancy measured for the neighborhood above national median, supporting leasing stability
- 3-mile radius shows recent and projected population and household growth, expanding the tenant base
- Proximity to diversified employers and several corporate headquarters underpins workforce housing demand
- Livability supported by parks and childcare access; plan for limited walkable retail with drive-to conveniences
- Risks: below-average safety metrics and income-sensitive affordability require prudent security and rent management