| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 58th | Best |
| Demographics | 60th | Good |
| Amenities | 67th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 414 Hampshire Dr, Hamilton, OH, 45011, US |
| Region / Metro | Hamilton |
| Year of Construction | 1972 |
| Units | 24 |
| Transaction Date | 1995-02-16 |
| Transaction Price | $2,600,000 |
| Buyer | BOOTH RICHARD T |
| Seller | SUMMIT RIDGE APARTMENTS |
414 Hampshire Dr Hamilton OH Value-Add Multifamily
Neighborhood occupancy remains high and stable, according to WDSuite’s CRE market data, supporting consistent tenant demand in this part of Hamilton. This positioning favors steady leasing dynamics at the submarket level, though performance will still depend on asset condition and management.
The property sits in an A-rated, suburban neighborhood within the Cincinnati metro, ranked 45 out of 611 neighborhoods — placing it in the top quartile among metro peers. Local fundamentals point to durable renter demand: neighborhood occupancy trends are elevated versus national benchmarks, and day-to-day amenities are reasonably accessible with grocery, parks, cafes, and restaurants measuring above national midpoints.
Within a 3-mile radius, demographics indicate a growing renter base: population and household counts have expanded in recent years, with projections calling for additional household growth that can enlarge the tenant pool and support occupancy stability. Median incomes have risen, and rent levels are projected to continue trending upward, reinforcing the case for professionally managed workforce housing.
Home values in the neighborhood sit modestly above national midpoints, while the value-to-income profile is more accessible than many higher-cost markets. For investors, that means multifamily demand benefits from broad appeal, but pricing strategy should account for some competition from ownership options when positioning units and renewal caps.
The average neighborhood construction year is 2003, notably newer than this asset’s 1972 vintage. That gap suggests clear value-add and capital planning opportunities around interiors, building systems, and curb appeal to remain competitive against newer nearby stock.
Safety indicators for the neighborhood are mixed relative to national comparisons. Overall crime metrics benchmark below the national median, with property offense levels tracking in lower national percentiles. Violent offense measures trend closer to mid-range nationally. Recent year-over-year changes show an uptick in both property and violent offense estimates, so investors should underwrite with prudent operating assumptions and emphasize standard risk controls in management plans.
At the metro scale, this submarket remains competitive among Cincinnati neighborhoods, but investors should incorporate these trends into leasing strategy, security budgeting, and resident experience initiatives to sustain retention and occupancy.
Nearby employers span utilities, financial services, manufacturing, and healthcare administration — a diversified base that supports renter demand and commute convenience for workforce housing.
- Duke Energy — utilities (3.8 miles)
- Cincinnati Financial — insurance (5.7 miles) — HQ
- AK Steel Holding — steel manufacturing (7.1 miles) — HQ
- Humana Pharmacy Solutions — healthcare services (7.8 miles)
- Prudential Financial — financial services (10.0 miles)
414 Hampshire Dr is a 1972-vintage, 24-unit multifamily asset positioned in an A-rated Cincinnati suburban neighborhood that ranks 45th of 611 — top quartile among metro neighborhoods. Neighborhood occupancy is elevated versus national norms, supporting leasing stability, while a 3-mile radius shows recent growth in households and continued projections for renter pool expansion. According to CRE market data from WDSuite, local amenities test above national midpoints, helping sustain demand for well-managed workforce housing.
The asset’s older vintage relative to the neighborhood average (2003) points to value-add potential through targeted renovations and system upgrades to compete with newer stock. Ownership costs in the area are not extreme by national standards, implying some competition with for-sale housing; prudent rent positioning and resident retention programs can help maintain occupancy and pricing power.
- A-rated neighborhood; competitive at 45 of 611 Cincinnati neighborhoods (top quartile) supports durable demand
- Elevated neighborhood occupancy and 3-mile household growth underpin leasing stability
- 1972 vintage offers clear value-add and capital planning opportunities versus newer nearby stock
- Diversified nearby employers in utilities, insurance, manufacturing, and healthcare support workforce renter base
- Risks: below-median national safety benchmarks and competition from ownership options warrant careful rent and OPEX planning