| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 48th | Good |
| Demographics | 54th | Fair |
| Amenities | 19th | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1346 Carriage Hill Ln, Hamilton, OH, 45013, US |
| Region / Metro | Hamilton |
| Year of Construction | 1972 |
| Units | 24 |
| Transaction Date | 1985-05-01 |
| Transaction Price | $4,060,000 |
| Buyer | --- |
| Seller | --- |
1346 Carriage Hill Ln Hamilton Multifamily Opportunity
Neighborhood occupancy trends sit above the national midpoint, supporting stable tenancy and predictable operations, according to WDSuite’s CRE market data. Position within suburban Hamilton offers steady renter demand without downtown volatility.
This suburban Hamilton location balances quiet residential streets with access to regional employment, aligning with workforce housing needs. The neighborhood sits around the middle of Cincinnati’s 611 neighborhoods overall (B- rating), and occupancy in the area is stronger than the national midpoint, indicating durable leasing conditions relative to many U.S. submarkets based on CRE market data from WDSuite.
Amenities are limited in the immediate blocks (few cafes, groceries, or pharmacies), but park access is comparatively stronger, ranking in the upper third nationally. For investors, that combination typically supports resident satisfaction for value-oriented assets while keeping operating costs in check.
Within a 3-mile radius, household incomes trend well above national norms while contract rents remain modest, creating favorable rent-to-income dynamics that can support retention and measured pricing power. Renter-occupied share at the neighborhood level is near the metro middle, suggesting a stable but not saturated tenant pool—supportive for steady absorption without excessive turnover risk.
Vintage matters: the asset’s 1972 construction is older than the neighborhood average year built (1980). That age profile often points to targeted capital planning and value-add opportunities—modernizing interiors, systems, and curb appeal to enhance competitiveness versus newer stock while managing scope to preserve yield.
According to WDSuite’s data, the neighborhood benchmarks safer than the national midpoint, with both property and violent offense measures comparing favorably to many U.S. neighborhoods. Recent trends show a notable year-over-year improvement in violent incidents, which supports leasing stability and resident retention from an investor perspective.
Safety can vary by block and over time, but the broader area’s comparative standing and improving trajectory suggest risk that is manageable with standard property management practices and resident engagement.
Proximity to regional employers strengthens weekday traffic and supports a diversified renter base. Key nearby employers include Duke Energy, Cincinnati Financial, AK Steel Holding, Humana Pharmacy Solutions, and Prudential Financial.
- Duke Energy — utilities (4.1 miles)
- Cincinnati Financial — insurance (6.3 miles) — HQ
- AK Steel Holding — steel manufacturing (9.1 miles) — HQ
- Humana Pharmacy Solutions — healthcare services (9.5 miles)
- Prudential Financial — financial services (11.3 miles)
1346 Carriage Hill Ln offers a 24-unit footprint in a suburban Hamilton setting where occupancy trends are above the national midpoint and incomes are comparatively strong. According to CRE market data from WDSuite, the surrounding neighborhood shows healthy renter demand, while local rents remain manageable relative to incomes—factors that support retention and measured rent growth without stretching affordability.
Constructed in 1972, the property is older than the neighborhood’s average vintage, which points to clear value-add angles through systems upgrades and interior refreshes to sharpen competitive positioning. While immediate amenities are limited, park access and proximity to major employers help underpin leasing, and the broader Cincinnati metro provides diversified demand drivers through cycles.
- Occupancy above the national midpoint supports stable cash flow
- Income strength with modest local rents aids retention and pricing discipline
- 1972 vintage provides actionable value-add and capital planning levers
- Proximity to diversified employers supports weekday traffic and leasing
- Risk: amenity-light blocks and an older physical plant require thoughtful asset management