| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 60th | Best |
| Demographics | 50th | Fair |
| Amenities | 74th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 3 Camelot Dr, Fairfield, OH, 45014, US |
| Region / Metro | Fairfield |
| Year of Construction | 1973 |
| Units | 24 |
| Transaction Date | 1996-06-20 |
| Transaction Price | $15,150,000 |
| Buyer | CAMELOT EAST OWNERS LLC |
| Seller | TGM CAMELOT INC |
3 Camelot Dr Fairfield 24-Unit Value-Add Multifamily
Neighborhood occupancy remains firm and renter-occupied housing is prevalent, supporting steady leasing conditions according to WDSuite’s CRE market data.
Situated in Fairfield’s inner-suburb context, the property benefits from an A-rated neighborhood that ranks in the top quartile among 611 Cincinnati metro neighborhoods. Amenity access for groceries, pharmacies, parks, and cafes trends above national averages, which helps sustain day-to-day convenience and supports renter retention.
Neighborhood occupancy is strong, with levels that sit in the top quartile nationally, indicating stable demand and limited vacancy pressure across nearby rentals. The area also shows a high renter concentration at the neighborhood level, expanding the tenant base for multifamily and supporting ongoing absorption and lease stability.
At a 1973 construction vintage, this asset predates the neighborhood’s average stock (around 1980). Investors should underwrite for typical 1970s systems and potential capital improvements, while also considering value-add options to enhance competitive positioning relative to newer product.
Within a 3-mile radius, demographics point to recent population and household growth, with forecasts indicating additional renter pool expansion over the next five years. Combined with moderate rent-to-income levels, these trends suggest demand depth that can support occupancy and measured pricing power for well-managed assets.
Home values in the surrounding neighborhood sit in a mid-to-upper range for the region. In practice, elevated ownership costs in parts of the metro can reinforce reliance on rental housing, which, paired with the area’s amenity coverage, supports retention and reduces turnover risk for competitively positioned multifamily.
Safety indicators are mixed. The neighborhood’s crime rank is near the metro median (298 of 611 Cincinnati neighborhoods), while national safety percentiles place the area below average compared to neighborhoods nationwide. Recent trends are directional: estimated property offense rates have improved year over year, whereas estimated violent offense rates increased over the same period. Investors should factor these dynamics into staffing, lighting, and access-control plans to support resident satisfaction and retention.
Proximity to regional employers supports a broad workforce renter base and convenient commutes, which can aid leasing stability and renewals. Nearby corporate offices include utilities, insurance, steel, healthcare services, and financial services.
- Duke Energy — utilities (0.6 miles)
- Cincinnati Financial — insurance (1.9 miles) — HQ
- AK Steel Holding — steel (5.5 miles) — HQ
- Humana Pharmacy Solutions — healthcare services (5.5 miles)
- Prudential Financial — financial services (6.8 miles)
3 Camelot Dr offers a 24-unit, 1973-vintage asset in an A-rated, top-quartile Cincinnati metro neighborhood with strong occupancy and a deep renter base. Based on CRE market data from WDSuite, neighborhood occupancy trends sit in the upper tiers nationally, and amenity access outperforms national norms—both supportive of retention and day-to-day livability. The vintage suggests underwriting for near- to medium-term capital needs, while value-add improvements can further differentiate the property against newer supply.
Within a 3-mile radius, recent and forecast growth in population and households points to a larger tenant base ahead, reinforcing multifamily demand and supporting ongoing occupancy stability. Ownership costs in parts of the metro remain comparatively high relative to incomes, which can sustain renter reliance on multifamily, while moderate rent-to-income levels help manage retention risk when paired with disciplined lease management.
- Strong neighborhood fundamentals: A-rated, top quartile among 611 metro neighborhoods with above-average amenity access
- Stable demand backdrop: occupancy trends in upper national tiers and high renter concentration support leasing
- Workforce demand drivers: proximity to major employers underpins tenant base depth and renewal potential
- Value-add pathway: 1973 vintage offers renovation and systems-upgrade upside with prudent capital planning
- Key risks: aging infrastructure capex, mixed school and safety metrics, and competitive positioning versus newer stock