| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 39th | Fair |
| Demographics | 22nd | Poor |
| Amenities | 22nd | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 353 Hampshire Dr, Hamilton, OH, 45011, US |
| Region / Metro | Hamilton |
| Year of Construction | 1979 |
| Units | 66 |
| Transaction Date | 1997-03-10 |
| Transaction Price | $1,542,500 |
| Buyer | ALI MIR M |
| Seller | ALI MIR M |
353 Hampshire Dr, Hamilton OH Multifamily Investment
Neighborhood occupancy is above the national midpoint, supporting stable leasing dynamics for a 66-unit asset, according to WDSuite’s CRE market data. With modest rent levels in the surrounding area, pricing power will hinge on execution and asset quality rather than headline growth.
Hamilton’s inner-suburb setting offers everyday convenience more than destination amenities. Grocery and dining options test above national medians, while parks, pharmacies, cafes, and childcare are sparser. For investors, this points to reliable essentials nearby but limited lifestyle draws, which should be considered in positioning and unit programming informed by multifamily property research.
Neighborhood occupancy sits in the upper half nationally, and the renter-occupied share is elevated within the Cincinnati metro, indicating a deeper tenant base and potential demand resilience. Median contract rents in the neighborhood remain comparatively low, which can aid lease retention but may temper near-term rent growth without property-level upgrades.
The property’s 1979 vintage is newer than the area’s older housing stock. That positioning can be competitive against pre-war product, though investors should underwrite ongoing system modernization and targeted renovations to sustain absorption and reduce downtime.
Within a 3-mile radius, recent years show modest population and household growth, with projections indicating continued increases and slightly smaller average household sizes. For multifamily, that trend supports a larger tenant base and steady absorption potential, while the neighborhood’s low rent-to-income levels suggest manageable affordability pressure that can aid retention.
Home values in the immediate area are comparatively low relative to income, which can introduce some competition from ownership options. Operators should emphasize convenience, updated finishes, and maintenance responsiveness to sustain pricing power against entry-level homebuying alternatives.
Safety indicators are mixed but improving. Overall conditions compare near or slightly better than national midpoints, and both violent and property offense estimates show year-over-year declines, according to WDSuite. For investors, recent downward trends reduce volatility risk, but prudent operations (lighting, access control, and resident engagement) remain important to support leasing and renewals.
Proximity to regional employers supports workforce housing demand and commute convenience for residents. Nearby corporate offices span utilities, insurance, steel, healthcare, and financial services, which can aid leasing stability and retention.
- Duke Energy — utilities (3.6 miles)
- Cincinnati Financial — insurance (5.5 miles) — HQ
- AK Steel Holding — steel & manufacturing offices (7.0 miles) — HQ
- Humana Pharmacy Solutions — healthcare services (7.7 miles)
- Prudential Financial — financial services (9.8 miles)
353 Hampshire Dr offers income stability potential anchored by a renter-heavy neighborhood and occupancy levels that sit above the national midpoint. The 1979 vintage is newer than much of the surrounding stock, creating an opportunity to compete on reliability and targeted renovations rather than full repositioning, while the area’s relatively low rent levels suggest retention advantages if value-add is matched with measured rent steps. According to WDSuite’s commercial real estate analysis, ownership costs nearby remain comparatively accessible, so sharpening the rental value proposition is key to sustaining pricing power.
Demographics aggregated within a 3-mile radius indicate recent and projected growth in both population and households, alongside slightly smaller household sizes—factors that can expand the renter pool and support occupancy stability. The small average unit size at the property favors singles and couples, which can align with demand if amenities and finishes are tuned to that segment.
- Renter-occupied concentration in the neighborhood supports a deeper tenant base and steadier leasing.
- 1979 construction offers competitive positioning versus older local stock with selective modernization.
- Nearby employers across utilities, insurance, steel, and healthcare provide diversified demand drivers.
- Manageable rent-to-income levels locally can aid renewals, supporting cash flow durability.
- Risks: limited neighborhood amenities and comparatively accessible homeownership require careful pricing, resident experience, and upgrade strategy.