| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 60th | Best |
| Demographics | 50th | Fair |
| Amenities | 74th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 5269 Camelot Dr, Fairfield, OH, 45014, US |
| Region / Metro | Fairfield |
| Year of Construction | 1973 |
| Units | 36 |
| Transaction Date | 2013-04-17 |
| Transaction Price | $17,688,000 |
| Buyer | CAMELOT EAST OWNERS LLC |
| Seller | TGM CAMELOT INC |
5269 Camelot Dr, Fairfield OH Multifamily Investment
Neighborhood fundamentals point to steady renter demand and high occupancy for this 36‑unit asset, according to WDSuite’s CRE market data. Metrics cited below reflect the surrounding neighborhood, not the property, and indicate stable operations with room for value creation.
The property sits in Fairfield’s inner suburb of the Cincinnati metro, where the neighborhood is rated A and ranks 47 out of 611 neighborhoods — top quartile locally. Occupancy in the neighborhood is strong and sits in a high national percentile, supporting income stability for multifamily owners. The area’s renter-occupied share is elevated for the metro, signaling a deeper tenant base and consistent leasing velocity. All neighborhood statistics reference the neighborhood, not the subject property.
Daily needs are well covered: grocery, pharmacy, parks, and a solid mix of restaurants and cafes register above national averages by density, helping retention and broadening the renter appeal to working households. Average school ratings in the immediate area trend around the national midpoint; family demand remains present, but leasing strategies should emphasize convenience and access to services.
Within a 3‑mile radius, demographics show recent population growth and a faster increase in households, which expands the renter pool and supports occupancy stability. Projections point to further household gains over the next five years, reinforcing demand for professionally managed rental housing. Median contract rents in the neighborhood have risen over the past five years, with forward-looking data indicating continued, measured growth.
Built in 1973 versus a neighborhood average vintage around 1980, the asset is slightly older than nearby stock. Investors should plan for targeted capital improvements and consider value‑add renovations to enhance competitive positioning and capture rent premiums as the area continues to mature.
Safety indicators for the neighborhood sit near the Cincinnati metro median among 611 neighborhoods. Compared with neighborhoods nationwide, estimates place violent offenses around the lower national percentiles and property offenses below the national midpoint, suggesting safety that is weaker than national averages but broadly consistent with many inner‑suburban locations.
Recent trends are mixed: property offense estimates have improved year over year, while violent‑offense estimates rose over the same period. Investors should underwrite prudent security measures and monitor city and neighborhood trendlines as part of ongoing risk management.
Nearby employers span utilities, insurance/financial services, steel, and healthcare support services — a diversified base that supports workforce housing demand and short commutes for renters. The list below highlights prominent employers closest to the property.
- Duke Energy — utilities (0.5 miles)
- Cincinnati Financial — insurance (1.8 miles) — HQ
- AK Steel Holding — steel (5.6 miles) — HQ
- Humana Pharmacy Solutions — healthcare services (5.6 miles)
- Prudential Financial — financial services (6.8 miles)
This 36‑unit, 1973‑built asset benefits from a neighborhood that ranks in the top quartile locally for overall fundamentals, with high neighborhood occupancy and a sizable renter‑occupied share that supports depth of demand. Within a 3‑mile radius, recent population gains and faster household growth point to a larger tenant base ahead, which should aid leasing stability and provide room for revenue management as rents continue a measured upward trajectory.
The property’s slightly older vintage creates a clear value‑add path through selective renovations and systems upgrades to improve competitiveness versus newer stock. According to CRE market data from WDSuite, neighborhood rent levels and occupancy trends compare favorably to national benchmarks for similar inner‑suburban locations, suggesting steady performance potential if capital is allocated thoughtfully. Underwriting should account for mixed safety trends and school ratings around the national midpoint when calibrating marketing, amenities, and lease management.
- High neighborhood occupancy and strong renter-occupied share support consistent leasing
- 3‑mile household growth expands the renter pool and underpins demand
- 1973 vintage presents value‑add upside via unit and common‑area upgrades
- Amenity coverage (grocery, pharmacy, parks, dining) aids retention and marketing
- Risks: mixed safety trendlines and average school ratings warrant prudent underwriting