| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 46th | Fair |
| Demographics | 31st | Poor |
| Amenities | 55th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 3944 Roosevelt Blvd, Middletown, OH, 45044, US |
| Region / Metro | Middletown |
| Year of Construction | 1977 |
| Units | 24 |
| Transaction Date | 2006-06-15 |
| Transaction Price | $4,650,000 |
| Buyer | JKB PROPERTIES LLC |
| Seller | DOUBLE T PROPERTIES LLC |
3944 Roosevelt Blvd, Middletown OH Multifamily Investment
Renter concentration is high for the neighborhood, supporting depth of tenant demand even as occupancy trends hover near the metro middle, according to WDSuite’s CRE market data. Stable local services and value-oriented rents position this asset for durable cash flow with disciplined operations.
Located in an inner-suburban pocket of the Cincinnati metro, the neighborhood ranks 277 out of 611, placing it above the metro median for overall rating (B). Amenity access is competitive among Cincinnati neighborhoods (ranked 90 of 611), with strong day-to-day convenience from grocery and pharmacy density, while parks and cafes are limited. For investors, this mix suggests practical livability that can aid leasing, with fewer lifestyle differentiators to drive premium pricing.
Renter-occupied housing makes up a large share of neighborhood units (ranked 50 of 611), indicating a deep tenant base and consistent multifamily demand. Neighborhood occupancy sits below the metro median but has been relatively steady over the past five years, pointing to manageable leasing risk with attentive asset management and pricing discipline.
Within a 3-mile radius, household counts have grown modestly in recent years and are projected to expand meaningfully through the midterm, implying a larger tenant base and support for occupancy stability. Forecasts also call for income growth in the area, which can underpin gradual rent increases without overextending affordability.
Home values in the neighborhood track on the lower side relative to national peers, and median contract rents remain value-oriented. This ownership landscape can introduce some competition from entry-level for-sale options, yet it also supports resident retention and steady lease-up for well-maintained rental communities priced to the local market.
Safety indicators are mixed. The neighborhood’s crime positioning is competitive among Cincinnati’s 611 neighborhoods (rank near the better end of the distribution), suggesting performance that is not among the metro’s highest-risk areas. Nationally, signals trend closer to the middle, with property crime comparing favorably to many U.S. neighborhoods and violent crime closer to the national median, based on WDSuite’s data.
Recent year-over-year movements show some volatility, with upticks in estimated offense rates. Investors should underwrite to current conditions, verify on-the-ground trends, and consider measures that support resident safety and retention.
Proximity to established corporate employers supports workforce housing demand and commute convenience for residents, including AK Steel Holding, Anthem (Mason Campus II), Humana Pharmacy Solutions, Duke Energy, and Cincinnati Financial.
- AK Steel Holding — steel manufacturing offices (12.3 miles) — HQ
- Anthem Inc Mason Campus II — insurance (13.6 miles)
- Humana Pharmacy Solutions — healthcare services (13.7 miles)
- Duke Energy — utilities (14.7 miles)
- Cincinnati Financial — insurance (15.7 miles) — HQ
The asset benefits from a renter-heavy neighborhood that provides depth of demand and practical amenity coverage that supports day-to-day living. While neighborhood occupancy trends run below the metro median, steady five-year movement and value-oriented rents suggest a path to durable cash flow with hands-on leasing and expense control. According to commercial real estate analysis from WDSuite, nearby corporate employment nodes add to the resident pool, supporting retention.
Looking ahead, 3-mile forecasts point to household and income growth, expanding the renter pool and supporting modest rent gains without excessive affordability pressure. The trade-off is potential competition from accessible ownership options and localized safety volatility, which should be reflected in underwriting assumptions and resident-experience planning.
- Renter-heavy neighborhood supports a deeper tenant base and consistent multifamily demand
- Practical amenity access and proximity to major employers aid leasing and retention
- 3-mile household and income growth outlook supports gradual rent growth and occupancy stability
- Value-oriented rent positioning can help balance pricing power with retention
- Risks: below-metro occupancy positioning, competition from entry-level ownership, and recent safety volatility