| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 53rd | Good |
| Demographics | 43rd | Fair |
| Amenities | 45th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 71 Bavarian St, Middletown, OH, 45044, US |
| Region / Metro | Middletown |
| Year of Construction | 1977 |
| Units | 36 |
| Transaction Date | 2006-04-17 |
| Transaction Price | $6,039,800 |
| Buyer | BAVARIAN WOODS OWNER LLC |
| Seller | BAVARIAN WOODS LLC |
71 Bavarian St Middletown OH Multifamily Investment
Neighborhood occupancy is currently strong, with stability that supports consistent leasing, according to WDSuite s CRE market data. This address offers a practical, renter-driven play in a suburban pocket of the Cincinnati metro.
The property sits in a Suburban neighborhood of the Cincinnati metro rated B, where occupancy at the neighborhood level is ranked first among 611 metro neighborhoods and sits in the top percentile nationwide. This refers to neighborhood occupancy, not the property, and it points to resilient leasing conditions and limited downtime risk for multifamily operators.
Local livability is mixed but functional for workforce renters: parks access is top quartile nationally, childcare access is also top quartile, and grocery access is above average, while cafes and pharmacies are limited. Average school ratings in the neighborhood are low relative to national peers, which may influence family-oriented demand and retention strategies.
At the neighborhood level, rents benchmark near the middle of the national distribution and rent-to-income sits on the more affordable side, which can support retention and smoother renewals. The renter-occupied share is about one-quarter of housing units, signaling a more owner-leaning area; operators should focus on product positioning and resident experience to deepen the tenant base and sustain occupancy.
Within a 3-mile radius, demographics indicate modest recent population growth with an increase in households and a projected expansion in both households and incomes by 2028. This suggests a gradually enlarging tenant base and supports a steady leasing backdrop for multifamily, aligning with insights from commercial real estate analysis by WDSuite as a data source.
WDSuite does not publish a crime rank for this specific neighborhood, so investors should rely on broader due diligence and regional comparisons rather than block-level assumptions. As a practical framing, pair on-the-ground observations with city and metro benchmarks to understand trend direction and management needs, and consider how strong neighborhood occupancy may correlate with resident stability rather than as a proxy for safety.
The employment base within commuting range is anchored by manufacturing, insurance, energy, and healthcare offices, which can support renter demand and lease retention. Nearby anchors include AK Steel Holding, Anthem Inc Mason Campus II, Humana Pharmacy Solutions, Duke Energy, and Cincinnati Financial.
- AK Steel Holding steel manufacturing (13.4 miles) HQ
- Anthem Inc Mason Campus II insurance (13.9 miles)
- Humana Pharmacy Solutions healthcare services (14.8 miles)
- Duke Energy energy & utilities offices (16.1 miles)
- Cincinnati Financial insurance (17.1 miles) HQ
71 Bavarian St is a 36-unit suburban asset positioned in a neighborhood with top-ranked occupancy among 611 metro neighborhoods, indicating stable leasing conditions at the neighborhood level rather than at the asset itself. Within a 3-mile radius, households have grown and are projected to expand further alongside rising incomes, pointing to a wider tenant base and support for occupancy stability. Ownership costs are relatively accessible in this submarket compared with many national peers, which can introduce competition from ownership; however, a low rent-to-income profile indicates manageable affordability pressure that can aid renewal rates and pricing discipline.
Built in 1977, the property s vintage suggests planning for building systems and common-area updates, while creating value-add potential through targeted renovations and modernization. Proximity to diverse employers within a 14 17 mile band supports weekday occupancy and lease retention. These conclusions are informed by multifamily property research from WDSuite as a data source, not as an investment recommendation.
- Neighborhood occupancy ranks first of 611, supporting leasing stability (neighborhood metric, not property-specific).
- 3-mile household growth and projected income gains expand the renter pool and support retention.
- Rent-to-income positioning favors renewals and measured rent growth management.
- 1977 vintage offers value-add potential with prudent capital planning for systems and interiors.
- Risk: owner-leaning tenure and relatively accessible ownership can compete with rentals; school ratings are comparatively low.