| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 56th | Best |
| Demographics | 39th | Poor |
| Amenities | 27th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 601 W State St, Trenton, OH, 45067, US |
| Region / Metro | Trenton |
| Year of Construction | 1979 |
| Units | 51 |
| Transaction Date | 2006-03-30 |
| Transaction Price | $1,280,000 |
| Buyer | COLLINS ROAD PROPERTIES LTD |
| Seller | NEW TAMARIND HOUSING LP |
601 W State St, Trenton OH Multifamily Opportunity
Neighborhood occupancy trends remain stable and renter demand is supported by a balanced renter concentration, according to WDSuite’s CRE market data. This positioning favors steady leasing while allowing room for targeted value-add execution.
The property sits in an Inner Suburb location within the Cincinnati metro where neighborhood occupancy is healthy and has edged higher over the past five years. At the neighborhood level (not the property), a renter-occupied share near two-fifths indicates a meaningful tenant base for multifamily while still drawing from surrounding owner households for move-down or transition demand.
Livability signals are mixed: grocery and pharmacy access is present, while on-amenity density such as parks and cafes is relatively limited. Average school ratings in the area trend below metro norms, which may matter for family renters, but the submarket still serves workforce households seeking practical proximity to employment centers and everyday services.
Home values in the neighborhood are lower than many high-cost metros, which can introduce some competition from ownership. Even so, rent-to-income levels for the neighborhood point to moderate affordability pressure that can support retention and sustained occupancy management. Median asking rents have advanced over the last five years, consistent with steady demand and tightening conditions seen in comparable inner-ring suburbs.
Demographic indicators aggregated within a 3-mile radius show modest population growth recently with forecasts calling for additional increases in households through 2028, alongside slightly smaller average household sizes. For investors, that implies a gradually expanding renter pool and diversified demand, supporting occupancy stability for well-managed assets.
Built in 1979, the asset is older than the neighborhood’s average construction vintage. Investors should underwrite capital planning for systems and interiors, with potential value-add and modernization upside to sharpen competitiveness versus newer stock.
Comparable neighborhood-level safety data is limited in this dataset. Investors typically benchmark conditions against broader city and metro trends, review multi-year patterns, and incorporate professional diligence (e.g., local law enforcement briefings and insurer loss runs) to gauge trajectory and potential implications for leasing and retention.
Proximity to regional employers supports a steady workforce renter base and commute convenience for residents, particularly in utilities, steel, insurance, pharmacy services, and health insurance.
- Duke Energy — energy utility (10.7 miles)
- AK Steel Holding — steel manufacturing (10.8 miles) — HQ
- Humana Pharmacy Solutions — pharmacy services (12.0 miles)
- Cincinnati Financial — insurance (12.3 miles) — HQ
- Anthem Inc Mason Campus II — health insurance (14.8 miles)
This 51-unit 1979-vintage asset offers a pragmatic value-add path in a Cincinnati inner-suburb with durable renter demand. Neighborhood occupancy is solid, rent-to-income signals are manageable, and 3-mile demographics indicate continued household growth, supporting a larger tenant base and sustained leasing. Based on commercial real estate analysis from WDSuite, the neighborhood’s renter concentration and steady rent trends point to consistent demand for well-managed workforce housing.
The property’s older vintage and smaller average unit sizes (~325 sf) suggest an opportunity to modernize interiors and systems to improve competitive positioning versus newer stock. Investors should balance this upside with prudent reserves, local amenity limitations, and potential competition from attainable ownership options in the surrounding area.
- Stable neighborhood occupancy and a balanced renter concentration support leasing durability.
- Forecast household growth within 3 miles increases the prospective renter pool and underpins occupancy.
- 1979 vintage presents value-add potential through unit and systems upgrades to enhance competitiveness.
- Moderate rent-to-income conditions aid retention and revenue consistency.
- Risks: amenity-light surroundings, below-metro school ratings, and some competition from ownership options.