| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 61st | Best |
| Demographics | 52nd | Fair |
| Amenities | 58th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 667 Brent Blvd, Columbus, OH, 43228, US |
| Region / Metro | Columbus |
| Year of Construction | 1973 |
| Units | 96 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
667 Brent Blvd Columbus Value-Add Multifamily Opportunity
High-occupancy neighborhood with durable renter demand supports stable leasing dynamics, according to WDSuite's CRE market data. With a 1973 vintage and scale at 96 units, the asset presents practical value-add potential in an Inner Suburb location.
The property sits in an Inner Suburb of Columbus that is competitive among Columbus neighborhoods (ranked 113 out of 580) with an A- neighborhood rating. Neighborhood occupancy is in the top decile nationally, indicating resilient renter demand and supporting pricing consistency and retention for stabilized multifamily assets.
Daily-needs access is serviceable with grocery and pharmacy coverage above national averages, while parks are limited locally. Dining and cafes are present but not dense. These dynamics position the area more for pragmatic convenience than destination retail, which can suit workforce-oriented housing and reduce exposure to highly cyclical discretionary spending.
Renter-occupied housing accounts for a significant share of neighborhood units, reinforcing depth of the tenant base and supporting lease-up velocity for renovated inventory. The average neighborhood construction year is 1991, while this asset's 1973 vintage suggests investors should plan for targeted capital improvements and interior modernization to remain competitive versus newer stock.
Within a 3-mile radius, households have increased over the past five years and are projected to expand further through 2028, pointing to a larger tenant base and potential renter pool expansion. Forecasts also indicate income gains and rising asking rents in the area, which, based on CRE market data from WDSuite, can support occupancy stability when paired with disciplined lease management and attention to rent-to-income affordability.
Safety metrics for the neighborhood trend below metro and national norms, placing the area outside the top half for comparative safety. National percentiles indicate lower relative safety versus many U.S. neighborhoods, so investors often prioritize visible property management, lighting, and access control to support resident retention and asset performance.
Year-over-year shifts in reported offenses can be volatile at the neighborhood scale. Monitoring trends alongside comparable Columbus submarkets, coordinating with local public-safety initiatives, and calibrating insurance and operating practices are prudent risk-management steps for underwriting.
Proximity to regional employers underpins steady renter demand, with convenient commutes to Big Lots, American Electric Power, Nationwide, Fuse by Cardinal Health, and Cardinal Health. This employment base supports leasing stability for workforce-oriented apartments.
- Big Lots — corporate retail (1.5 miles) — HQ
- American Electric Power — electric utility (6.3 miles) — HQ
- Nationwide — insurance & financial services (6.49 miles) — HQ
- Fuse by Cardinal Health — healthcare innovation/R&D (11.07 miles)
- Cardinal Health — healthcare distribution (11.73 miles) — HQ
Scale at 96 units, high neighborhood occupancy, and a sizable renter-occupied housing presence point to steady demand and leasing durability. According to CRE market data from WDSuite, the surrounding neighborhood performs above the metro median with occupancy in the top decile nationally, supporting an operational focus on retention and measured rent growth rather than heavy lease-up risk.
The 1973 vintage is older than the neighborhood average, creating clear value-add angles through renovations and systems upgrades to compete with newer stock. Homeownership costs are moderate for Columbus, which can introduce some competition from for-sale options, but rent-to-income dynamics appear manageable and can support tenant retention with disciplined renewals.
- High neighborhood occupancy and established renter base support leasing stability
- 1973 vintage offers value-add potential via interior and building system updates
- Household growth within 3 miles and rising incomes expand the local renter pool
- Employment access to major corporate hubs helps underpin consistent demand
- Risks: below-average safety metrics, limited nearby parks, and capex needs for an older asset