| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 53rd | Good |
| Demographics | 43rd | Fair |
| Amenities | 45th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 110 Bavarian St, Middletown, OH, 45044, US |
| Region / Metro | Middletown |
| Year of Construction | 1974 |
| Units | 36 |
| Transaction Date | 2011-06-03 |
| Transaction Price | $4,456,930 |
| Buyer | BAVARIAN WOODS OWNER LLC |
| Seller | BAVARIAN WOODS LLC |
110 Bavarian St Middletown 36-Unit Multifamily Investment
Neighborhood occupancy is among the strongest in the Cincinnati metro, according to WDSuite's CRE market data, supporting leasing stability for well-managed assets. Relative affordability in this suburban pocket can help sustain tenant retention and steady demand.
Situated in a suburban corridor of Middletown, the neighborhood posts metro-leading occupancy performance (ranked 1st among 611 Cincinnati neighborhoods), indicating durable renter demand at the area level rather than at this specific property. Rents trend mid-pack nationally with a rent-to-income profile that supports retention, and homes trade at moderate values for the region, which can introduce some competition from entry-level ownership.
Amenities are mixed: parks and childcare access are competitive, with both ranking above the metro median and landing in the higher national percentiles. By contrast, cafes and pharmacies are limited locally, so daily convenience is more car-oriented; grocery access sits above the metro median. For investors, this pattern suggests a value-driven renter base that prioritizes space and access over boutique retail.
School ratings in the neighborhood cluster track below national averages (near the lower national percentiles), which can matter for family-oriented leasing but is often offset by price-to-space tradeoffs in suburban workforce housing. Investors should underwrite marketing and unit mix strategies accordingly.
Within a 3-mile radius, WDSuite's data shows modest recent population growth and a larger projected increase in households over the next five years, pointing to renter pool expansion that can support occupancy and lease-up velocity. The renter-occupied share in this 3-mile catchment is roughly one-third, providing a meaningful tenant base for multifamily, while ownership remains prevalent enough to shape pricing discipline. For multifamily property research, these dynamics point to stable demand with management-driven upside rather than speculative growth.
Neighborhood-level crime statistics are not available from WDSuite for this location, so comparative safety insights at the block scale cannot be provided. Investors typically contextualize safety using multi-year property records, local law enforcement reporting, and city trend data to benchmark against the broader Cincinnati metro.
Given the absence of ranked metrics, prudent underwriting would incorporate professional security assessments, lighting and common-area improvements, and coordination with local agencies where appropriate, focusing on trend direction rather than single-period readings.
The area draws on a diversified set of corporate offices that support a steady commuter base and help underpin renter demand. Key nearby employers include AK Steel Holding, Anthem, Humana Pharmacy Solutions, Duke Energy, and Cincinnati Financial.
- AK Steel Holding — steel manufacturing (13.35 miles) — HQ
- Anthem Inc Mason Campus II — health insurance campus (13.88 miles)
- Humana Pharmacy Solutions — pharmacy benefits/healthcare services (14.70 miles)
- Duke Energy — utility (16.06 miles)
- Cincinnati Financial — insurance (17.00 miles) — HQ
This Middletown asset benefits from a neighborhood that leads the Cincinnati metro in occupancy, pointing to steady absorption potential for well-positioned units. According to CRE market data from WDSuite, rents and incomes align to support retention, and the surrounding suburban context skews toward value-seeking renters where operations, maintenance, and service consistency can drive outperformance.
Within a 3-mile radius, recent population gains and a sharper projected increase in households indicate a larger tenant base ahead, which should support occupancy stability and leasing velocity. Amenities skew practical (parks, childcare, groceries) rather than boutique (cafes, pharmacies), and school ratings trail national norms—factors to reflect in underwriting, marketing, and capital planning. Pricing power is likely to be management-led, not speculative.
- Metro-leading neighborhood occupancy supports leasing stability
- Household growth within 3 miles points to renter pool expansion
- Value-driven suburban profile favors well-managed operations and retention
- Risks: softer school ratings and limited boutique amenities may temper premiums