| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 29th | Poor |
| Demographics | 35th | Poor |
| Amenities | 7th | Poor |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1112 Millston Rd, Aberdeen, OH, 45101, US |
| Region / Metro | Aberdeen |
| Year of Construction | 1991 |
| Units | 93 |
| Transaction Date | 2020-12-03 |
| Transaction Price | $950,000 |
| Buyer | SENSEI LLC |
| Seller | MILLSTON APARTMENTS II LLC |
1112 Millston Rd, Aberdeen OH Multifamily Investment
Operational upside centers on stable renter demand at accessible rent levels, according to WDSuite’s CRE market data. Recent neighborhood occupancy gains suggest improving fundamentals, though pricing power may remain measured.
This rural pocket of the Cincinnati metro offers a quieter setting with limited in-neighborhood amenities (amenity rank 459 out of 611 metro neighborhoods, below the metro median). Daily conveniences are sparse locally, so residents typically rely on nearby towns for grocery, pharmacy, parks, and childcare options.
The property’s 1991 vintage is newer than the neighborhood’s average construction year of 1973. For investors, that positioning can be competitively favorable versus older stock, while still planning for updates to systems and finishes as appropriate for a 1990s asset.
Neighborhood occupancy has improved over the last five years, supporting the case for steadier operations even as current levels trail many metro subareas. Renter-occupied housing in the neighborhood sits around the middle of the national distribution, indicating a workable tenant base; within a 3-mile radius, tenure is near evenly split between owner- and renter-occupied units, which can help sustain multifamily leasing.
Home values in this area trend lower relative to national norms, and rent-to-income is comparatively modest. For investors, that typically supports retention and collections but may limit near-term rent lifts. Based on commercial real estate analysis from WDSuite, these affordability dynamics point to dependable workforce demand with measured rent growth expectations.
Safety indicators are mixed. The neighborhood’s composite crime standing trends below the national midpoint, while recent estimates place property and violent offense rates in the upper half for safety nationally. However, short-term changes show volatility year over year, so underwriting should incorporate scenario ranges and ongoing monitoring rather than relying on a single point estimate.
Within the Cincinnati metro context, neighborhood ranks are interpreted against 611 neighborhoods; investors should weigh both the broader metro comparison and the national percentiles to understand relative positioning and trend direction rather than any block-level conclusions.
This 93-unit, 1991-built asset is positioned as a durable workforce housing play in a rural corner of the Cincinnati metro. It is newer than much of the local housing stock, offering a relative quality edge versus older product, with room to capture value through targeted modernization. According to CRE market data from WDSuite, neighborhood occupancy has improved over the past five years, and rents remain accessible relative to incomes—factors that can support tenant retention and steady leasing, albeit with measured pricing power.
Demographic data aggregated within a 3-mile radius shows recent softness in population and households, but projections point to an increase in household counts alongside smaller household sizes, which can expand the renter pool and support occupancy stability. Amenity density is limited locally, so demand is likely driven more by value and housing availability than by lifestyle clustering—an underwriting consideration for marketing and renewal strategies.
- 1991 vintage newer than neighborhood average, with value-add potential through targeted updates
- Accessible rents relative to incomes support retention and collections
- Neighborhood occupancy trending upward over five years, aiding operational stability
- Projected growth in households (3-mile radius) may broaden the renter base
- Risks: sparse amenity base, potential competition from entry-level ownership, and variable safety trends