| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 60th | Best |
| Demographics | 35th | Poor |
| Amenities | 38th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 205 S High St, Mount Orab, OH, 45154, US |
| Region / Metro | Mount Orab |
| Year of Construction | 1982 |
| Units | 43 |
| Transaction Date | 2024-06-10 |
| Transaction Price | $1,248,000 |
| Buyer | JRM CAPITAL HOLDINGS LLC |
| Seller | SPRINGWOOD COMMONS LTD |
205 S High St, Mount Orab, OH — 43-Unit Multifamily Investment
Suburban Cincinnati location with stable neighborhood occupancy and renter demand supported by attainable rents, according to WDSuite’s CRE market data. The asset’s scale and positioning suggest steady cash flow potential with value-add upside from 1980s vintage.
Mount Orab is a suburban neighborhood within the Cincinnati, OH-KY-IN metro, rated B and positioned near the metro median overall (rank 281 of 611). Neighborhood occupancy is strong at 95.2% and sits above the metro median while also landing in the top quartile nationally, based on CRE market data from WDSuite. For investors, that points to a relatively resilient leasing backdrop.
Renter-occupied housing represents roughly a third of neighborhood units (about 36%), indicating a meaningful tenant base without overconcentration. The 3-mile radius shows recent increases in households alongside modest population growth, and WDSuite’s data projects further expansion in households over the next five years — a setup that can translate into a larger tenant pool and support for occupancy stability.
Local livability is anchored by everyday conveniences: grocery and pharmacy access track above national medians, while parks and cafes are limited — a typical suburban tradeoff investors should factor into leasing narratives. Average school ratings sit around the national midpoint, offering broadly competitive appeal for households compared with many suburban peers.
Ownership costs in the neighborhood are moderate by national standards and skew higher relative to local incomes (value-to-income ranks high nationally), which tends to sustain reliance on rental options and can aid lease retention. Median contract rents trend below national norms, helping temper affordability pressure for renters and supporting steady occupancy and collections. The area’s average construction year is 1988, while this property’s 1982 vintage is slightly older — a practical cue for targeted renovations to enhance competitiveness against newer stock.
Safety signals are mixed in relative terms. Within the Cincinnati metro, the neighborhood’s crime rank is toward the higher-crime side (rank 59 out of 611 indicates elevated incidents versus many metro peers). At the same time, national benchmarks place the area in a comparatively safer position overall (roughly top third nationally), and recent trend data from WDSuite indicates year-over-year declines in both violent and property offenses — a constructive directional signal investors can monitor over upcoming leasing cycles.
As with any asset, prudent operations — lighting, access control, and coordination with local resources — can help sustain leasing performance. Investors should evaluate micro-location conditions around the property, noting that neighborhood-level improvements have been recorded even as relative metro positioning remains a consideration.
Regional employment anchors within commuting range support workforce housing demand, particularly in healthcare, consumer goods, utilities, and financial services. The following employers illustrate the nearby base that can underpin leasing and retention.
- Anthem Inc Mason Campus II — healthcare & insurance offices (28.3 miles)
- Kroger DCIC — consumer goods & retail operations (29.3 miles)
- Humana — healthcare & insurance (31.7 miles)
- Duke Energy — utilities & energy services (31.7 miles)
- Procter & Gamble — consumer products (31.9 miles) — HQ
This 43-unit, 1982-vintage property offers scale in a suburban Cincinnati neighborhood that posts above-metro-median occupancy and nationally competitive stability. Median rents in the area sit below national norms, supporting retention and collections, while ownership costs relative to income reinforce sustained renter reliance on multifamily housing. According to CRE market data from WDSuite, the neighborhood’s renter concentration and strong occupancy backdrop point to durable demand.
Within a 3-mile radius, recent household growth and forward projections suggest a larger tenant base over the next five years, which can support leasing velocity and mitigate downtime. The 1982 vintage is slightly older than the neighborhood average, creating a straightforward value-add path through unit upgrades and common-area improvements to improve relative competitiveness versus newer stock.
- Above-metro-median neighborhood occupancy supports cash flow stability.
- Attainable area rents and manageable rent-to-income dynamics aid retention.
- 3-mile household growth expands the tenant base and supports leasing.
- 1982 vintage creates clear value-add opportunities versus newer local stock.
- Risks: metro-relative crime positioning and limited lifestyle amenities; active asset management and renovations can mitigate impact.