| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 49th | Good |
| Demographics | 42nd | Fair |
| Amenities | 74th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 50 Curtis Dr, Hamilton, OH, 45013, US |
| Region / Metro | Hamilton |
| Year of Construction | 1973 |
| Units | 76 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
50 Curtis Dr, Hamilton OH Multifamily Investment
Stabilized renter demand in an inner-suburban pocket with low-90s neighborhood occupancy, according to WDSuite’s CRE market data, supports income durability and measured rent growth. The 76-unit scale adds operational efficiency while leaving room for value-add execution.
Located in Hamilton s inner suburbs within the Cincinnati metro, the neighborhood carries an A- rating and ranks in the top quartile among 611 metro neighborhoods. Amenities are competitive for daily needs, with restaurants and pharmacies scoring above national norms, helping support leasing appeal and retention.
Neighborhood occupancy trends sit in the low-90s, suggesting steady renter demand for well-run assets. Renter-occupied housing accounts for roughly a third of units locally, indicating a meaningful tenant base without overreliance on transient demand. Median rents and a rent-to-income ratio near 0.17 point to moderate affordability pressure, an advantage for lease management and renewal outcomes.
Within a 3-mile radius, demographics show a broadly stable population recently, with WDSuite data indicating projected household growth and a modest shift toward smaller average household sizes over the next five years. For investors, that implies a gradually expanding renter pool and support for occupancy stability and lease-up velocity.
The property s 1973 vintage is slightly older than the neighborhood s average construction year (1980). That age profile can warrant targeted capital planning mechanical systems, exteriors, and unit interiors but it also creates value-add potential where refreshed finishes and amenities can enhance competitive positioning. In this submarket, such improvements can be underwritten conservatively while benefiting from solid location fundamentals and balanced commercial real estate analysis.
Safety indicators for the neighborhood track near the middle of national comparisons, with mixed category readings. According to WDSuite s CRE data, property offenses have declined at a pace that places the area in the top quartile for improvement nationally, an encouraging trend for long-term operations. Conditions can vary block to block, so investors typically underwrite routine security measures and lighting upgrades consistent with similar Cincinnati neighborhoods.
Proximity to established corporate employers supports a diversified employment base and practical commute times for residents. The following nearby offices and headquarters underpin workforce housing demand and can aid leasing consistency:
- Duke Energy utilities (6.1 miles)
- Cincinnati Financial insurance (8.3 miles) HQ
- AK Steel Holding steel (11.1 miles) HQ
- Humana Pharmacy Solutions healthcare services (11.6 miles)
- Prudential Financial financial services (13.4 miles)
This 76-unit, 1973-vintage asset offers a balanced mix of cash flow stability and value-add potential in a top-quartile Cincinnati neighborhood. Neighborhood occupancy in the low-90s and a meaningful not dominant share of renter-occupied housing support demand depth and renewal prospects. Elevated amenity access and practical commute options add to leasing durability, while a rent-to-income ratio near 0.17 suggests manageable affordability pressure for most renter cohorts.
According to CRE market data from WDSuite, the surrounding 3-mile area is poised for household growth with slightly smaller household sizes, indicating incremental renter pool expansion. Against that backdrop, targeted renovations kitchens, baths, common areas, and energy-efficiency upgrades can improve competitive standing versus newer stock while remaining mindful of capex. Key risks include an older physical plant, mixed safety indicators relative to national benchmarks, and potential competition from ownership options in a relatively accessible home-value market.
- Top-quartile neighborhood within the Cincinnati metro supports location fundamentals
- Low-90s neighborhood occupancy and moderate rent-to-income underpin retention
- 1973 vintage enables value-add through targeted unit and system upgrades
- Nearby corporate employers bolster workforce demand and leasing stability
- Risks: older building capex, mixed safety metrics, and some competition from ownership alternatives