| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 48th | Good |
| Demographics | 54th | Fair |
| Amenities | 19th | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 935 Pyramid Hill Blvd, Hamilton, OH, 45013, US |
| Region / Metro | Hamilton |
| Year of Construction | 1972 |
| Units | 23 |
| Transaction Date | 1985-05-01 |
| Transaction Price | $4,060,000 |
| Buyer | CARRIAGE HILL |
| Seller | --- |
935 Pyramid Hill Blvd, Hamilton OH Multifamily Opportunity
Neighborhood occupancy trends remain in the mid-90s, supporting stable tenancy and cash flow resilience according to WDSuite’s CRE market data. For a 23-unit asset, this can translate into steadier leasing even as the submarket normalizes.
Located in a suburban pocket of the Cincinnati metro (Hamilton, OH), the neighborhood carries a B- rating and sits around the metro median when compared with 611 neighborhoods. Local amenity density is thinner than core locations—restaurants are present but limited, while parks score stronger relative to national norms—so residents often tap nearby corridors for services and entertainment.
From a rental fundamentals standpoint, neighborhood occupancy is solid and above many national peers, while the neighborhood’s renter-occupied share is relatively low (about one-fifth of housing units). That narrower immediate renter base is balanced by the broader 3-mile radius, where renters account for roughly two-fifths of units, creating a larger catchment for leasing and renewals. Median contract rent in the neighborhood trends near the low-$900s with notable five-year growth, indicating sustained renter demand rather than one-off spikes.
Within a 3-mile radius, demographics point to modest population growth and a slight increase in households, with average household size edging lower—conditions that can expand the renter pool over time and support occupancy stability for a property of this scale. Income levels in the immediate neighborhood test above many U.S. areas, and rent-to-income trends suggest manageable affordability pressure, which can aid retention and measured rent growth for well-managed assets.
The asset’s 1972 vintage is older than the neighborhood’s average construction year (1980). Investors should plan for targeted capital projects—systems, common areas, and unit finishes—to protect competitiveness and potentially unlock value-add upside versus newer stock. In parallel, home values and ownership costs locally are comparatively accessible, which can create some competition with ownership; however, this also tends to keep renter expectations grounded, with pricing power tied to quality improvements and operational execution.
Safety indicators benchmark above the national average, with both property and violent offense rates tracking in higher national percentiles compared with many neighborhoods across the country. Recent trend data also shows a material year-over-year improvement in violent offenses, signaling positive momentum rather than deterioration.
At the metro level (Cincinnati, OH-KY-IN), the neighborhood’s crime profile is competitive among peer areas, and current readings align with an environment where operational best practices—lighting, access controls, and resident screening—can further support leasing and retention without requiring extraordinary measures.
Proximity to major employers supports workforce housing demand and commute convenience, with a cluster of corporate offices within roughly 4–11 miles, including Duke Energy, Cincinnati Financial, AK Steel Holding, Humana Pharmacy Solutions, and Prudential Financial.
- Duke Energy — utilities (4.0 miles)
- Cincinnati Financial — insurance (6.2 miles) — HQ
- AK Steel Holding — steel & corporate offices (9.0 miles) — HQ
- Humana Pharmacy Solutions — healthcare services (9.4 miles)
- Prudential Financial — financial services (11.2 miles)
935 Pyramid Hill Blvd offers a 23-unit footprint in a suburban Cincinnati location where neighborhood occupancy trends are resilient and the broader 3-mile area expands the effective renter catchment. According to CRE market data from WDSuite, the neighborhood sits near the metro median overall but outperforms many areas nationally on occupancy, with rent levels that have advanced over the last five years—pointing to steady demand rather than transitory spikes. Income conditions and rent-to-income readings imply manageable affordability pressure, supporting retention for well-run assets.
Built in 1972, the property is older than the area’s average stock, which underscores value-add potential through selective renovations and system upgrades to enhance competitiveness. While local amenity density is lighter and ownership remains relatively accessible—factors that can cap pricing power—the nearby employment base and stable suburban fundamentals underpin leasing, with upside tied to execution on capital plans and operations.
- Stable neighborhood occupancy and broad 3-mile renter base support leasing durability
- 1972 vintage presents clear value-add angles through targeted renovations and modernization
- Proven rent growth over five years indicates sustained renter demand, not one-time dislocation
- Nearby corporate employers bolster workforce demand and reduce commute frictions
- Risks: lighter amenity density and accessible ownership options may temper pricing power; capex needs typical for 1970s assets