| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 53rd | Good |
| Demographics | 43rd | Fair |
| Amenities | 45th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 131 Bavarian St, Middletown, OH, 45044, US |
| Region / Metro | Middletown |
| Year of Construction | 1975 |
| Units | 36 |
| Transaction Date | 2006-04-17 |
| Transaction Price | $6,039,800 |
| Buyer | BAVARIAN WOODS OWNER LLC |
| Seller | BAVARIAN WOODS LLC |
131 Bavarian St, Middletown OH Multifamily Investment
Neighborhood occupancy is exceptionally tight and renter demand is supported by steady household growth, according to WDSuite s CRE market data. This submarket s balanced rent-to-income profile points to retention potential rather than aggressive rent risk.
The property sits in a suburban Middletown neighborhood rated B and competitive among Cincinnati s 611 neighborhoods (ranked within the top 40%). Local living patterns favor daily convenience over lifestyle retail: parks access is in the top quartile nationally, while grocery access trends above the national median; cafes and pharmacies are comparatively sparse.
For investors screening multifamily, neighborhood occupancy is at the top of the metro distribution, signaling stable renter demand at the area level rather than at this specific property. Within a 3-mile radius, the renter-occupied share is roughly one-third of housing units, indicating a moderate renter concentration that can support leasing while still competing with ownership options.
Home values in the immediate area are moderate for the region, which, alongside a rent-to-income profile around the low teens, suggests manageable affordability pressure that can aid lease retention and measured pricing power. The average school rating in the neighborhood trails metro norms, which may modestly influence family-oriented demand but is often less decisive for workforce housing.
Demographic statistics aggregated within a 3-mile radius point to gradual population growth and an uptick in households historically, with forward-looking projections indicating further household expansion and income gains. These trends translate into a larger tenant base over time and support for occupancy stability relative to broader metro and national CRE cycles, based on WDSuite s commercial real estate analysis benchmarks.
Comparable safety metrics for this neighborhood are not available in the current WDSuite dataset. Investors typically contextualize site-level risk by reviewing city and metro crime trend reports, touring at multiple dayparts, and coordinating with property management to understand incident history and security practices.
Nearby employment centers in the Cincinnati region provide a diversified white-collar and industrial base that can sustain renter demand and commute convenience, including AK Steel Holding, Anthem Inc Mason Campus II, Humana Pharmacy Solutions, Duke Energy, and Cincinnati Financial.
- AK Steel Holding corporate offices (13.3 miles) HQ
- Anthem Inc Mason Campus II corporate offices (13.9 miles)
- Humana Pharmacy Solutions corporate offices (14.7 miles)
- Duke Energy corporate offices (16.1 miles)
- Cincinnati Financial corporate offices (17.0 miles) HQ
Built in 1975, the asset is slightly newer than much of the early-1970s neighborhood stock, helping competitiveness versus older properties while still warranting capital planning for aging systems or value-add interiors. At the neighborhood level, occupancy performance sits at the top of the metro distribution and, combined with a moderate renter concentration, points to durable leasing fundamentals rather than volatility.
Within a 3-mile radius, gradual population growth and a projected increase in households suggest a larger tenant base ahead, supporting occupancy stability and measured rent growth; according to CRE market data from WDSuite, local rent-to-income dynamics indicate relatively contained affordability pressure that can aid retention. Amenity access favors parks and everyday groceries, while lower school ratings and limited lifestyle retail should be considered in underwriting.
- Neighborhood occupancy strength supports leasing stability at the area level.
- 1975 vintage offers competitive positioning versus older stock with value-add and systems-upgrade potential.
- 3-mile demographic outlook indicates a growing tenant base and income gains that support demand.
- Balanced rent-to-income profile suggests retention potential and measured pricing power.
- Risks: lower school ratings, limited cafes/pharmacies, and competition from ownership options in a moderate-cost market.