| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 55th | Good |
| Demographics | 58th | Good |
| Amenities | 10th | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 41 Sunset Blvd, Georgetown, OH, 45121, US |
| Region / Metro | Georgetown |
| Year of Construction | 1987 |
| Units | 24 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
41 Sunset Blvd, Georgetown OH 24-Unit Multifamily
Neighborhood occupancy measures at full and has strengthened over five years, pointing to durable leasing conditions for a smaller suburban asset, according to WDSuite s CRE market data. Pricing appears supported by a renter base seeking value relative to ownership, with stability driven more by fundamentals than by amenity density.
Georgetown sits within the Cincinnati metro and rates B- overall, competitive among 611 metro neighborhoods. The area skews suburban with limited retail and dining density, so demand is tied less to walkable amenities and more to attainable rents and commute patterns. Average school ratings trend above the national median, which can help with family retention even without a broad amenity mix, based on CRE market data from WDSuite.
The neighborhood s occupancy ranks first out of 611, signaling exceptionally tight supply that has improved over the past five years. Renter-occupied housing is meaningful at the neighborhood level and, within a 3-mile radius, roughly one-third of units are renter-occupied, supporting a defined but not overheated tenant base for a 24-unit asset. With a 1987 vintage against a local average around 1980, the property is slightly newer than much of the surrounding stock, offering relative competitiveness while still warranting periodic system upgrades or light modernization over a long hold.
Ownership costs are lower than the national median locally, which can create some competition with entry-level homeownership. Even so, a rent-to-income profile near the mid-50s national percentile suggests manageable affordability pressure for renters, which can aid renewal rates and occupancy stability when managed thoughtfully.
Within a 3-mile radius, population has edged down in recent years while household counts have increased, indicating smaller household sizes and a potential shift toward more single- or two-person renter households. Forward-looking projections continue this pattern with households expected to rise and population to soften modestly, implying a larger addressable tenant count relative to residents and supporting steady multifamily demand rather than rapid lease-up dynamics.
Safety metrics compare favorably versus peers: the neighborhood ranks in the top quartile among 611 Cincinnati metro neighborhoods and trends above the national median for overall safety. Property-related incidents are estimated to be lower than many areas nationally and have declined markedly year over year, reinforcing steady operating conditions.
That said, violent-category readings sit above the national median but showed a recent uptick on a one-year basis. Investors should underwrite with standard precautions and monitor trendlines at the neighborhood level rather than block-by-block assumptions.
Commuter access to Cincinnati s headquarters cluster supports a broad employment base that can feed renter demand for workforce-oriented housing. Key nearby employers include Duke Energy, Western & Southern Financial Group, American Financial Group, Procter & Gamble, and Humana.
- Duke Energy utilities (35.0 miles)
- Western & Southern Financial Group financial services (35.9 miles) HQ
- American Financial Group insurance (35.9 miles) HQ
- Procter & Gamble consumer goods (35.9 miles) HQ
- Humana healthcare services (36.1 miles)
This 24-unit, 1987-vintage asset benefits from a neighborhood that is effectively fully occupied and improving on a five-year view, supporting durable collections and low downtime relative to many suburban peers. The property s slightly newer vintage than the local average positions it competitively against older stock, while still leaving room for targeted upgrades to drive rents and retention. According to commercial real estate analysis from WDSuite, the submarket s lower ownership costs mean renters have alternatives, but a mid-range rent-to-income profile and a growing household base within three miles point to sustained, value-oriented demand.
Investors should balance the tight occupancy and stable renter pool with lighter amenity density and commuter-driven living patterns. Safety indicators are generally favorable at the metro and national level, though recent volatility in violent-category readings warrants monitoring and standard risk controls.
- Tight neighborhood occupancy with five-year improvement supports stable leasing
- 1987 vintage is slightly newer than local average, enabling competitive positioning with selective upgrades
- Household growth within 3 miles expands the renter base despite flat-to-soft population trends
- Lower local ownership costs suggest moderate pricing power; focus on value and retention
- Risks: limited amenity density, commuter dependence, and recent volatility in violent-category safety metrics