| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 49th | Good |
| Demographics | 42nd | Fair |
| Amenities | 74th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 190 Westbrook Dr, Hamilton, OH, 45013, US |
| Region / Metro | Hamilton |
| Year of Construction | 1972 |
| Units | 84 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
190 Westbrook Dr, Hamilton OH Multifamily Investment
Stabilized renter demand and mixed tenure dynamics in an Inner Suburb location support consistent operations, according to WDSuite’s CRE market data. The submarket’s steady occupancy and amenity access position this 84-unit asset for durable performance with targeted value-add.
Located in Hamilton’s Inner Suburb, the neighborhood carries an A- rating and ranks 108 out of 611 Cincinnati metro neighborhoods—top quartile locally—indicating competitive fundamentals for multifamily. Amenity access is a relative strength, with restaurants, pharmacies, parks, and groceries all reading above national medians, supporting day-to-day livability and leasing appeal.
Neighborhood occupancy is about 93.4% and trends slightly upward over the past five years, placing the area above national medians for stability. For investors, this points to resilient absorption and lower lease-up risk compared with softer submarkets, particularly for workforce-oriented product.
The housing stock skews slightly older than today’s metro average (1970s vintage versus an early-1980s norm). That vintage profile often creates room for value-add through interior upgrades and systems modernization while maintaining a rent position that remains accessible to a broad tenant base.
Tenure patterns show a meaningful renter-occupied share around the mid-30% range at the neighborhood level, suggesting a solid, recurring pool of apartment demand rather than a transient niche. At the same time, median home values are comparatively accessible for the region, so operators should expect some competition from entry-level ownership; thoughtful amenity and finish upgrades can help sustain pricing power and retention.
Within a 3-mile radius, population and households have grown in recent years, and forecasts point to additional expansion by 2028, implying a larger tenant base. Income trends have improved, and rent levels remain moderate relative to incomes, which typically supports retention and measured rent growth management rather than aggressive repositioning.
Safety indicators benchmark near the national middle, reflecting conditions that are broadly comparable to many U.S. neighborhoods. Notably, property offenses show a year-over-year decline, placing that improvement in the top quartile nationally—an encouraging directional trend for long-term operations and resident retention.
Investors should view safety as stable but continue standard diligence on micro-location and on-site lighting, access controls, and maintenance practices that help reinforce these improving trends relative to the wider Cincinnati metro.
The area draws from a diverse employment base that supports workforce housing demand and commute convenience, including utilities, financial services, steel, healthcare services, and insurance. Nearby anchors include Duke Energy, Cincinnati Financial, AK Steel Holding, Humana Pharmacy Solutions, and Prudential Financial.
- Duke Energy — utilities (6.2 miles)
- Cincinnati Financial — financial services (8.3 miles) — HQ
- AK Steel Holding — steel manufacturing (10.6 miles) — HQ
- Humana Pharmacy Solutions — healthcare services (11.2 miles)
- Prudential Financial — insurance (13.2 miles)
Constructed in 1972, this 84-unit property is slightly older than the surrounding neighborhood average, creating a straightforward value-add pathway through interior refreshes and targeted systems upgrades. Neighborhood occupancy near 93% and top-quartile local positioning suggest steady renter demand and manageable turnover relative to weaker submarkets. Moderate rents versus incomes help support lease retention and cash flow durability.
Within a 3-mile radius, recent population growth and projected household expansion through 2028 point to a larger tenant base over time. Coupled with accessible home values and a mixed tenure profile, the asset can compete effectively by offering renovated, well-managed apartments that meet workforce expectations; based on commercial real estate analysis from WDSuite, these dynamics align with stable operations and measured rent growth rather than aggressive repositioning.
- Occupancy and amenity access support durable leasing and lower lease-up risk
- 1972 vintage offers value-add potential via unit refresh and systems modernization
- 3-mile population and household growth expand the renter pool over the medium term
- Moderate rent-to-income dynamics support retention and measured pricing power
- Risks: accessible ownership and average safety require disciplined underwriting and asset management