| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 35th | Poor |
| Demographics | 37th | Poor |
| Amenities | 37th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 610 Markley Ave, Georgetown, OH, 45121, US |
| Region / Metro | Georgetown |
| Year of Construction | 1979 |
| Units | 45 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
610 Markley Ave Georgetown, OH Multifamily Investment
Stabilized renter demand at the neighborhood level and relatively low rent-to-income ratios point to steady leasing conditions, according to WDSuite’s CRE market data. A 1979 vintage suggests competitive positioning versus older local stock with potential returns from pragmatic modernization.
Georgetown’s rural setting offers basic conveniences with grocery and pharmacy access near the national middle, while parks are modestly represented; cafes and childcare density are limited. This mix positions the asset as workforce-oriented housing where residents prioritize value and essential services over lifestyle retail, a useful context for underwriting tenant retention.
Neighborhood housing occupancy is in the mid range and has improved over the past five years, signaling resilient absorption rather than outsized lease-up risk. The share of renter-occupied housing in the neighborhood is below half, and within a 3-mile radius renters account for roughly one-third of occupied housing units — a scale that supports demand for a 45‑unit asset without relying on a thin tenant base. Median rents remain comparatively accessible, which supports renewal rates but calls for measured expectations on near-term rent lifts.
Within a 3-mile radius, households have grown even as population edged down, implying smaller household sizes and a gradual expansion of the renter pool — factors that can support occupancy stability for professionally managed units. Median and mean household incomes have trended higher locally, improving qualification depth; ownership remains a more accessible option than in many metros, which can temper pricing power and underscores the importance of operational execution and unit-quality differentiation.
The 1979 construction is newer than the neighborhood’s average vintage, offering a competitive footing versus older housing while still warranting targeted updates to building systems and interiors. Based on WDSuite-supported commercial real estate analysis, the practical investor takeaway is to lean on affordability, steady demand, and selective value-add to drive returns rather than outsized rent growth assumptions.
Neighborhood safety indicators track close to national midpoints, with recent improvements in violent offense rates pointing to a constructive trend. Property crime levels sit around the national average. For investors, this profile suggests typical rural-market risk management rather than a materially elevated security burden, with monitoring of year‑over‑year changes advisable as part of ongoing asset operations.
The employment base is anchored by major Cincinnati-area headquarters and corporate offices within commuting distance, supporting workforce housing demand and lease stability for residents who value cost-effective living with access to regional employers. The list below highlights nearby anchors most relevant to renter demand from this location.
- Duke Energy — utilities (35.9 miles)
- Western & Southern Financial Group — financial services (36.8 miles) — HQ
- American Financial Group — insurance (36.8 miles) — HQ
- Procter & Gamble — consumer goods (36.8 miles) — HQ
- Humana — healthcare (36.9 miles)
- Hp — technology offices (37.0 miles)
- Fifth Third Bancorp — banking (37.1 miles) — HQ
- Macy's — retail corporate (37.2 miles) — HQ
- Kroger — grocery corporate (37.3 miles) — HQ
This 45‑unit, 1979-vintage property in Georgetown is positioned for steady cash flow driven by accessible rents, a renter base reinforced by household growth within a 3‑mile radius, and commuting access to Cincinnati’s employer base. According to CRE market data from WDSuite, neighborhood occupancy trends have improved in recent years, and rent burdens remain relatively low — supportive of renewal and collections when paired with sound operations.
The asset should compete well versus older local stock, with value achievable through targeted upgrades rather than a heavy repositioning. Key watch items include modest amenity density, an ownership-leaning housing mix that can curb pricing power, and vigilance on crime trends that sit near national midpoints but have improved on violent incidents.
- Accessible rent levels support retention and occupancy stability
- 1979 vintage offers competitive position vs. older neighborhood stock with selective value‑add upside
- Commutable reach to multiple Cincinnati headquarters underpins workforce renter demand
- Risk: moderate amenity density and more accessible ownership can limit rent growth; maintain focus on operations and unit quality