| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 49th | Good |
| Demographics | 42nd | Fair |
| Amenities | 74th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1023 Eaton Ave, Hamilton, OH, 45013, US |
| Region / Metro | Hamilton |
| Year of Construction | 1973 |
| Units | 23 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
1023 Eaton Ave, Hamilton OH Multifamily Investment
Neighborhood occupancy trends are steady and renter demand is supported by a balanced renter-occupied housing base, according to WDSuite’s CRE market data. Positioned within Cincinnati’s inner-suburb fabric, the asset benefits from durable local services and commuting access that help stabilize leasing.
With a neighborhood rating of A- and a rank of 108 among 611 Cincinnati metro neighborhoods, this location is top quartile locally, signaling balanced fundamentals for multifamily investors. Amenity access is a relative strength: restaurants, cafes, groceries, parks, and pharmacies index in the 70th–80th national percentiles, providing day-to-day convenience that tends to support retention.
Occupancy in the neighborhood is above the national median, and the renter-occupied share is measured at the neighborhood level rather than the property, indicating a meaningful but not dominant renter concentration that helps sustain a tenant base without excessive turnover risk. Median asking rents in the neighborhood track below national norms, which can aid leasing velocity and preserve occupancy through cycles, while still allowing measured revenue growth.
Construction year averages in the surrounding neighborhood skew slightly newer than this asset, which was built in 1973. For investors, the older vintage points to potential capital planning needs and value-add opportunities (systems modernization, common-area upgrades) to remain competitive against younger stock.
Demographic statistics aggregated within a 3-mile radius show recent population growth with a modest increase in households and rising incomes, with projections indicating further population and household expansion over the next five years. A larger local tenant base and gradual income gains typically support occupancy stability and measured rent growth for well-managed properties.
Home values in the neighborhood sit below national averages, and rent-to-income ratios are also below national medians. For investors, this suggests an ownership market that is more accessible than coastal metros, which can temper pricing power but also underpins lease retention by keeping rent burdens comparatively manageable.
Safety indicators for the neighborhood are around the national median overall, and the area ranks above the metro median among 611 Cincinnati neighborhoods, indicating competitive positioning versus many peer subareas. Year-over-year trends show a notable decline in property offenses, a constructive signal for community stability.
At the same time, violent offense measures have shown a modest uptick recently. Investors should underwrite with current local trend lines and property-level measures in mind, recognizing that safety performance can vary within neighborhoods and over time.
Nearby employers create a diversified employment base that supports renter demand and commute convenience, led by utilities, insurance, steel manufacturing, pharmacy services, and financial services offices noted below.
- Duke Energy — utilities (6.2 miles)
- Cincinnati Financial — insurance (8.4 miles) — HQ
- AK Steel Holding — steel manufacturing (10.3 miles) — HQ
- Humana Pharmacy Solutions — pharmacy services (11.0 miles)
- Prudential Financial — financial services (13.1 miles)
1023 Eaton Ave offers investors a stabilized inner-suburb location with service-rich amenities and occupancy that trends above national medians, according to CRE market data from WDSuite. The surrounding neighborhood’s amenity density and commuting access support tenant retention, while below-national rent levels can sustain lease-up and reduce downtime through cycles.
Built in 1973, the asset may benefit from targeted capital improvements to stay competitive against somewhat newer neighborhood stock, creating potential value-add upside. Within a 3-mile radius, population growth and projected increases in households point to a gradually expanding renter pool, while a more accessible ownership market suggests steady demand with measured pricing power rather than outsized rent spikes.
- Inner-suburb location with competitive amenity access supporting leasing stability
- Occupancy trends above national medians bolster downside protection
- 1973 vintage offers value-add potential via systems and unit/common-area upgrades
- Balanced affordability implies steady demand; risk includes moderate competition from ownership and capex for an older asset