| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 46th | Fair |
| Demographics | 31st | Poor |
| Amenities | 55th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1925 Aaron Dr, Middletown, OH, 45044, US |
| Region / Metro | Middletown |
| Year of Construction | 1997 |
| Units | 84 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
1925 Aaron Dr, Middletown OH Multifamily
Stabilized renter demand is supported by a high neighborhood renter concentration and moderate rent-to-income levels, according to WDSuite s CRE market data. The property s 1997 vintage positions it competitively versus older local stock while leaving room for targeted updates.
Located in Middletown s inner-suburban setting of the Cincinnati metro, the property benefits from everyday conveniences that support tenant retention. Grocery and pharmacy access ranks competitive among Cincinnati neighborhoods (74th and 31st of 611, respectively), while a strong restaurant presence (70th of 611) adds lifestyle depth. Parks and caf e9 density are limited within the immediate neighborhood, so on-site amenities can be a differentiator for leasing.
For investors evaluating occupancy stability, note that the neighborhood s occupancy rate is measured for the neighborhood and not the property; it has held near the metro middle over recent years. Renter-occupied housing units account for a high share locally (56%+), indicating a deeper tenant base than many U.S. neighborhoods and lending support to ongoing multifamily demand.
Within a 3-mile radius, recent trends show a small population dip alongside an increase in households, suggesting smaller household sizes and a steady flow of renters. Forward-looking projections point to population and household growth through 2028, which should expand the renter pool and support occupancy. Median contract rents in the area remain accessible relative to incomes, helping manage affordability pressure and aiding lease retention.
The asset s 1997 construction is newer than the area s average vintage (1978), enhancing competitive positioning versus older buildings. From an investor standpoint, plan for routine modernization of finishes and systems over hold to maintain pricing power and reduce turnover risk amid evolving renter expectations driven by regional commercial real estate analysis.
Safety conditions in the surrounding neighborhood sit somewhat above the metro median for crime (ranked 224 out of 611 Cincinnati neighborhoods, where a lower rank indicates higher crime). This places the area competitive among Cincinnati neighborhoods but not top-tier on safety. Trends can vary by block and over time, so underwriting should consider security, lighting, and resident engagement measures typical for inner-suburban assets.
Compared nationally, the neighborhood tracks around the lower half on aggregate safety measures, reinforcing the need for standard risk management and property operations. Investors should assess recent trendlines and any local initiatives that may influence future conditions.
Proximity to regional employers supports a steady workforce renter base and practical commute times. Nearby corporate offices span metals manufacturing, insurance/financial services, energy, and healthcare administration the same mix reflected below.
- AK Steel Holding metals manufacturing (12.0 miles) HQ
- Anthem Inc Mason Campus II insurance services (13.0 miles)
- Humana Pharmacy Solutions healthcare administration (13.4 miles)
- Duke Energy energy services (14.6 miles)
- Cincinnati Financial insurance & financial services (15.5 miles) HQ
Built in 1997 with 84 units, the property stands newer than much of the surrounding housing stock, offering a competitive baseline versus older assets while leaving room for value-add upgrades over time. Neighborhood renter concentration is elevated, indicating depth in the tenant base, and rent-to-income levels sit at manageable ranges that can aid retention. According to CRE market data from WDSuite, the neighborhood s occupancy performance is around the metro middle, which, combined with proximity to diversified employers, supports steady leasing.
Within a 3-mile radius, recent household growth alongside modest population softness signals smaller household sizes and a sustained need for rental housing; forecasts through 2028 indicate growth in both households and incomes, which can expand the renter pool and underpin occupancy. Balanced against these strengths, home values in the broader area are relatively accessible, which can modestly temper pricing power in some cycles, and safety outcomes sit above the metro median, calling for standard operational focus.
- 1997 vintage out-positions older stock; targeted upgrades can drive competitiveness
- Elevated renter-occupied share supports a deeper tenant base and leasing durability
- Neighborhood occupancy trends around metro middle with diversified employer proximity
- 3-mile forecasts point to growing households and incomes, expanding renter pool
- Risks: crime ranks above metro median and comparatively accessible ownership may temper rent growth