| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 56th | Best |
| Demographics | 74th | Best |
| Amenities | 45th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 5215 Westwind Ave, West Chester, OH, 45011, US |
| Region / Metro | West Chester |
| Year of Construction | 1995 |
| Units | 100 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
5215 Westwind Ave West Chester Multifamily Investment
Neighborhood occupancy is strong and supported by a deep suburban renter base, according to WDSuite’s CRE market data, with local incomes providing headroom for steady leasing. The asset’s West Chester location offers suburban convenience that historically underpins retention and stabilized operations.
West Chester’s neighborhood ranks 64 out of 611 Cincinnati metro neighborhoods (A rating), indicating it is competitive among Cincinnati neighborhoods for multifamily fundamentals. Neighborhood occupancy is high at 97.6% and sits in the top quartile nationally (87th percentile), reinforcing expectations for stable tenancy and limited vacancy friction relative to many U.S. submarkets, based on CRE market data from WDSuite.
Livability supports renter appeal: restaurant and grocery access track above national midpoints (67th and 60th percentiles), while parks and formal childcare options are sparse within the neighborhood footprint. Average school ratings are above national norms (73rd percentile), which can bolster family-oriented tenant retention in a suburban context.
Tenure patterns are mixed. Within the neighborhood, the share of housing units that are renter-occupied is roughly one-quarter (25.2%), suggesting an owner-leaning pocket that can stabilize resident behavior; within a 3-mile radius, renter concentration is higher (42.2%), expanding the practical tenant pool for a 100-unit property. Contract rents in the neighborhood benchmark near national mid-range while rent-to-income is favorable (11%), which supports lease retention and measured pricing power.
Demographics aggregated within a 3-mile radius indicate modest population growth recently and a forecasted increase in households through 2028 alongside smaller average household sizes. This points to a gradually expanding renter pool and ongoing demand for professionally managed multifamily units, which can help sustain occupancy and limit leasing volatility.
Ownership costs are moderate for the region: elevated local home values relative to incomes are not pronounced (value-to-income ranks in the lower national third), which can create some competition from entry-level ownership. Even so, the neighborhood’s above-median incomes and convenience to employment nodes support multifamily demand depth and day-to-day leasing performance.
Safety indicators are around the national midpoint overall (crime at the 51st percentile nationwide) and compare favorably within the Cincinnati metro, where the neighborhood ranks 190 of 611 — competitive among Cincinnati neighborhoods. Recent trends show a meaningful year-over-year decrease in estimated violent incidents (top quartile nationally for improvement), while property offense levels ticked up modestly. For investors, this mix suggests conditions that are comparable to broader suburban markets, warranting standard risk management rather than special security assumptions.
The property is proximate to a diversified suburban employment base that supports commuter convenience and leasing stability, including roles in pharmacy services, metals, insurance/financial services, and utilities. Nearby anchors include Humana Pharmacy Solutions, AK Steel Holding, Prudential Financial, Cincinnati Financial, and Duke Energy.
- Humana Pharmacy Solutions — pharmacy services (1.2 miles)
- AK Steel Holding — steel & manufacturing offices (1.4 miles) — HQ
- Prudential Financial — insurance & financial services (3.6 miles)
- Cincinnati Financial — insurance (3.9 miles) — HQ
- Duke Energy — utilities offices (5.0 miles)
Constructed in 1995, the 100-unit property is newer than the neighborhood’s average vintage, offering competitive positioning versus older suburban stock while still leaving room for targeted modernization as building systems age. According to CRE market data from WDSuite, the surrounding neighborhood shows high occupancy with above-median incomes and solid amenity access, which together support steady rent rolls and moderated turnover risk.
Within a 3-mile radius, household counts are projected to grow and average household size to decline, signaling a larger tenant base for professionally managed apartments. Rent-to-income levels appear manageable, reinforcing retention potential, while moderate ownership costs may introduce some competition — a consideration best addressed through amenity refreshes and disciplined lease management rather than outsized concessions.
- High neighborhood occupancy and income depth support leasing stability
- 1995 vintage offers competitive standing with selective value-add upside
- Expanding 3-mile household counts point to a growing renter pool
- Amenity access and suburban convenience aid retention and pricing power
- Risk: moderate ownership accessibility may compete with rentals; manage via upgrades and renewal strategy