| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 62nd | Best |
| Demographics | 67th | Best |
| Amenities | 54th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 210 Mount Pleasant Dr, Monroe, OH, 45050, US |
| Region / Metro | Monroe |
| Year of Construction | 1993 |
| Units | 72 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
210 Mount Pleasant Dr, Monroe, OH Multifamily Investment
Neighborhood multifamily occupancy has been strong and stable, supporting lease retention and pricing discipline, according to WDSuite’s CRE market data.
Monroe’s neighborhood profile rates in the top quartile among 611 Cincinnati metro neighborhoods (A rating), reflecting steady renter demand and family-friendly fundamentals. Neighborhood occupancy is elevated versus national norms, which generally supports stable collections and lower turnover risk for professionally managed assets.
Amenities are balanced for a suburban location: grocery, parks, childcare, and cafes sit above national midpoints, indicating convenient daily-needs access without urban premiums. Average public school ratings are strong (top quartile nationally), a factor that can benefit workforce and family-oriented properties through longer average tenures.
Within a 3-mile radius, demographics show modest recent population and household growth with a projected acceleration over the next five years, pointing to a larger tenant base and supportive leasing fundamentals. Household incomes skew higher than many U.S. neighborhoods, and neighborhood rent-to-income metrics sit comfortably below national pressure points—together implying room for disciplined revenue management while maintaining retention.
The property’s 1993 vintage is slightly newer than the area’s average construction year. That positioning can be competitively advantageous versus older stock, while still warranting targeted system updates or common-area refreshes to meet current renter expectations and sustain occupancy strength.
Ownership costs in the area are relatively accessible in context, which can introduce competition from for-sale options. For multifamily operators, this typically favors a focus on service quality, convenience, and amenity relevance to maintain leasing velocity and renewal rates.
Safety indicators for the neighborhood track below the national median overall, but recent trends show improvement in property offenses, which have declined year over year. Violent-offense measures remain below national percentiles, so investors should underwrite with prudent assumptions on security, lighting, and visibility, especially during turns and lease-up.
From an underwriting standpoint, comparative performance within the Cincinnati metro is mixed, while the downward movement in property-related incidents suggests incremental risk moderation. Operators commonly mitigate residual risk through access control, camera coverage in common areas, and resident engagement protocols.
Proximity to regional employers supports weekday traffic and resident retention for workforce households; nearby anchors include metals, healthcare services, insurance, and utilities—each within practical commuting distance.
- AK Steel Holding — steel manufacturing (8.8 miles) — HQ
- Humana Pharmacy Solutions — healthcare services (10.2 miles)
- Anthem Inc Mason Campus II — insurance (10.3 miles)
- Duke Energy — utilities (11.9 miles)
- Cincinnati Financial — insurance (12.6 miles) — HQ
This 72-unit, 1993-vintage asset benefits from Monroe’s top-quartile neighborhood standing within the Cincinnati metro and consistently high neighborhood occupancy, supporting income durability and lower expected turnover. The location’s balanced amenity mix and strong school ratings bolster family-oriented demand, while higher local incomes and manageable rent-to-income levels create room for measured rent optimization without overextending affordability.
Within a 3-mile radius, recent growth has been modest but is projected to accelerate, indicating renter pool expansion that can aid leasing and renewal performance. The vintage is slightly newer than the area average—an advantage versus older comparables—yet still may warrant targeted capital to modernize interiors and common areas. According to CRE market data from WDSuite, neighborhood metrics compare favorably to national norms, though relatively accessible homeownership options suggest monitoring competitive pressure from the for-sale market.
- Elevated neighborhood occupancy supports stable cash flows and pricing discipline
- Suburban amenities and strong schools underpin workforce and family renter retention
- 1993 vintage offers competitive positioning with value-add potential via selective upgrades
- Projected household growth within 3 miles supports a larger tenant base over the medium term
- Risk: accessible homeownership options may compete with rentals—focus on service and convenience to sustain renewals