| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 49th | Good |
| Demographics | 42nd | Fair |
| Amenities | 74th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1147 NW Washington Blvd, Hamilton, OH, 45013, US |
| Region / Metro | Hamilton |
| Year of Construction | 1972 |
| Units | 36 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
1147 NW Washington Blvd, Hamilton OH Value-Add Multifamily
Stabilized neighborhood occupancy and a deep renter base support predictable operations, according to CRE market data from WDSuite, with pricing set by an Inner Suburb location near major employment nodes.
This Inner Suburb pocket of Hamilton ranks 108 out of 611 Cincinnati metro neighborhoods (A-), placing it in the top quartile metro-wide. Amenity access trends favor renters, with restaurants, cafes, groceries, and pharmacies landing around the top quartile nationally, helping support day-to-day convenience and resident retention.
Neighborhood occupancy runs around the low-90s and sits above the national median, indicating steady leasing fundamentals. Median contract rents benchmark in the lower half nationally, while the neighborhood rent-to-income ratio sits near 0.17, a setup that can temper affordability pressure and aid lease management. Roughly one-third of housing units are renter-occupied in this neighborhood, signaling a meaningful but not saturated multifamily renter base for studios and smaller formats.
Demographic statistics are aggregated within a 3-mile radius and point to population growth over the prior five years, with households and families also expanding. Forward-looking projections indicate further population growth and an increase in households by the next five-year horizon, implying a larger tenant base and support for occupancy stability as new renters enter the market.
Home values in this submarket trend below national medians, and value-to-income ratios are comparatively modest. In practice, that can introduce some competition from for-sale options; however, multifamily assets that deliver convenience, management quality, and updated finishes can sustain pricing power and retention, especially with daily-need amenities nearby and commuting access to regional employers.
Vintage implications: The property s 1972 construction is older than the neighborhood s average vintage (1980). Investors should plan for targeted capital expenditures and consider value-add renovations to improve competitive positioning against newer stock, particularly in unit interiors, building systems, and curb appeal.
Safety indicators here are competitive among Cincinnati neighborhoods (ranked in the stronger third relative to 611 metro neighborhoods), and national positioning is around the middle of the pack. Recent trends show a notable year-over-year decline in property offenses, which supports a firmer near-term operating outlook, while violent offense metrics have been more mixed. Investors should underwrite to submarket trends rather than block-level assumptions and monitor trajectory as part of ongoing risk management.
Proximity to regional employers underpins renter demand and commute convenience, with a mix of utilities, insurance/financial services, steel manufacturing, healthcare, and consumer goods represented nearby.
- Duke Energy utilities (6.3 miles)
- Cincinnati Financial insurance (8.5 miles) HQ
- AK Steel Holding steel manufacturing (10.5 miles) HQ
- Humana Pharmacy Solutions healthcare services (11.2 miles)
- Prudential Financial financial services (13.2 miles)
The asset s 1972 vintage positions it for targeted value-add, with neighborhood occupancy in the low-90s and above the national median helping support cash flow stability. Based on CRE market data from WDSuite, the surrounding neighborhood rates in the metro s top quartile, with daily-need amenities in strong supply and rents that price competitively against regional options factors that can aid leasing velocity and retention when paired with thoughtful renovations.
Within a 3-mile radius, population and household counts have been rising and are projected to continue growing, signaling renter pool expansion that supports sustained occupancy. Modest rent-to-income levels suggest manageable affordability pressure, while proximity to a diversified set of employers provides demand depth across economic cycles. Primary risks include capital planning for an older asset, school ratings near national medians, and potential competition from comparatively accessible ownership options.
- Top-quartile neighborhood in the Cincinnati metro with strong daily-need amenities
- Occupancy above the national median supports leasing stability
- 1972 vintage offers value-add potential via interior and systems upgrades
- 3-mile radius shows population and household growth, expanding the renter base
- Risks: aging systems capex, school ratings near median, and some competition from for-sale housing