| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 81st | Best |
| Demographics | 77th | Best |
| Amenities | 9th | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 7222 Heritagespring Dr, West Chester, OH, 45069, US |
| Region / Metro | West Chester |
| Year of Construction | 2008 |
| Units | 105 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
7222 Heritagespring Dr West Chester Multifamily Opportunity
Positioned in a suburban Cincinnati node with solid neighborhood occupancy and proximity to major employers, this 105-unit asset targets stable renter demand according to WDSuite’s CRE market data.
West Chester a suburban neighborhood within the Cincinnati, OH-KY-IN metro earns an A- neighborhood rating and ranks 103 among 611 metro neighborhoods, indicating performance above the metro median. Neighborhood occupancy is strong, with rates in the mid-90s and a national standing in the mid-70th percentile, supporting steady leasing conditions at the submarket level.
Within a 3-mile radius, demographics show population and household growth, alongside high household incomes, expanding the qualified renter base and supporting rent durability. The renter-occupied share is roughly one-fifth of housing units within this 3-mile area, signaling an owner-leaning landscape where multifamily can serve as a key alternative for those prioritizing convenience or flexibility, often aiding retention among qualified tenants.
Neighborhood-level asking rents trend in the upper tier for the metro and sit in the higher national percentiles, while the rent-to-income relationship remains manageable, which can reduce near-term affordability pressure and support collections. Elevated home values in the neighborhood context reinforce renter reliance on multifamily housing, which can sustain pricing power and leasing velocity during typical turnover cycles.
The property was built in 2008, while the neighborhood s average construction year trends newer (around 2011). This slight age gap suggests selective modernization or value-add programming could sharpen competitive positioning against newer stock, while still benefiting from the area s income depth and stable occupancy backdrop.
Safety indicators compare favorably at the neighborhood level. Relative to neighborhoods nationwide, overall conditions align with the safer end of the spectrum, and violent-offense measures sit in the very high national percentiles with a recent year-over-year improvement. Property offenses track closer to national mid-to-better ranges and have shown a recent uptick, warranting routine asset-level attention to lighting, access controls, and monitoring as part of standard operating practice.
Taken together, the comparative data points suggest a suburban environment that supports resident retention and lease stability versus many peer locations, while reminding investors to maintain typical property-level measures that mitigate non-violent incidents.
Proximity to corporate offices underpins workforce housing demand and commute convenience for renters, notably tied to AK Steel, Anthem, Humana Pharmacy Solutions, Prudential Financial, and Kroger DCIC.
- AK Steel Holding steel & corporate functions (4.9 miles) HQ
- Anthem Inc Mason Campus II health insurance operations (4.9 miles)
- Humana Pharmacy Solutions healthcare & pharmacy services (5.9 miles)
- Prudential Financial financial services offices (8.4 miles)
- Kroger DCIC consumer goods & corporate functions (8.9 miles)
This 2008-vintage, 105-unit community sits in a suburban Cincinnati neighborhood that performs above the metro median on multiple CRE indicators, with neighborhood occupancy in the mid-90s and rents positioned in higher national percentiles. Within a 3-mile radius, population and household growth, combined with high household incomes, point to a durable tenant base and support for rent levels without outsized affordability pressure. According to CRE market data from WDSuite, the neighborhood shows strong income performance relative to peers, reinforcing the case for steady operations.
Relative to a neighborhood average construction year trending around 2011, the asset s 2008 vintage may benefit from targeted value-add or modernization to enhance competitiveness against newer supply. Elevated home values in the neighborhood context further sustain multifamily demand by keeping rental options attractive for well-qualified households, supporting occupancy stability and pricing power through typical cycles.
- Stable neighborhood occupancy and income depth support consistent collections
- 3-mile population and household growth expands the qualified renter pool
- Elevated neighborhood home values reinforce renter reliance on multifamily housing
- 2008 vintage offers selective value-add potential versus newer local stock
- Risk: suburban amenity density is limited nearby and property offenses have shown a recent uptick