| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 70th | Best |
| Demographics | 74th | Best |
| Amenities | 62nd | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 8251 Landings Dr, West Chester, OH, 45069, US |
| Region / Metro | West Chester |
| Year of Construction | 1999 |
| Units | 28 |
| Transaction Date | 1992-12-01 |
| Transaction Price | $1,080,000 |
| Buyer | --- |
| Seller | --- |
8251 Landings Dr West Chester Multifamily Opportunity
Neighborhood occupancy is high with steady renter demand, according to WDSuite’s CRE market data, supporting stable cash flow assumptions for this West Chester asset.
The property sits in an Inner Suburb pocket of West Chester that ranks in the top quartile among 611 Cincinnati metro neighborhoods (A+ neighborhood rating), signaling strong local fundamentals for multifamily. Neighborhood occupancy is elevated and has trended slightly upward over the past five years, which supports leasing stability and reduces downtime risk for owners.
Livability indicators are favorable for households: neighborhood schooling averages around 4.0 out of 5 and sits in a high national percentile, and everyday amenities such as restaurants, cafes, childcare, pharmacies, and groceries are present at levels that compare well to national peers. Park access is limited within the neighborhood, which may modestly reduce outdoor amenity appeal relative to other Cincinnati submarkets.
Renter-occupied share in the neighborhood is comparatively high versus many areas nationwide, indicating depth in the tenant base; however, the broader 3-mile area is more owner-occupied, which can temper the immediate pool of renters and place a premium on product quality and management to capture demand.
Income levels are strong compared with national norms, while neighborhood rent levels are above many peer neighborhoods and have grown over the last five years. The rent-to-income relationship is manageable by national standards, which can aid retention and support measured rent growth. With a 1999 vintage in a submarket where average construction skews early‑2000s, investors should underwrite selective modernization and systems upgrades to sustain competitive positioning.
Neighborhood safety indicators are slightly better than national averages and compare above the metro median (crime rank 180 out of 611 Cincinnati neighborhoods; higher national percentile indicates comparatively safer conditions). Recent trends are mixed: violent incidents have declined meaningfully year over year, while property offenses have risen, warranting routine monitoring and proactive security measures typical for suburban multifamily assets.
Nearby corporate offices anchor a diversified employment base, supporting commuter demand and lease retention for workforce and professional renters. Key nodes include AK Steel Holding, Humana Pharmacy Solutions, Duke Energy, Cincinnati Financial, and Prudential Financial.
- AK Steel Holding — corporate offices (2.2 miles) — HQ
- Humana Pharmacy Solutions — healthcare services (3.2 miles)
- Duke Energy — utilities & regional offices (4.6 miles)
- Cincinnati Financial — insurance (4.7 miles) — HQ
- Prudential Financial — financial services (5.9 miles)
This 28‑unit, 1999-vintage asset benefits from a high‑performing West Chester neighborhood where occupancy runs above many national peers and renter demand is durable. Elevated household incomes and a manageable rent‑to‑income relationship support collections and retention, while nearby corporate employers provide a steady commuter tenant base. According to CRE market data from WDSuite, the neighborhood’s rent and NOI benchmarks compare favorably against numerous peer areas, reinforcing the case for stable operations.
Given its late‑1990s vintage in a submarket where average stock is early‑2000s, the property may achieve outsized returns through targeted value‑add—common area refreshes, unit updates, and systems maintenance—to sustain competitiveness versus newer assets. Key watchpoints include limited park access in the immediate neighborhood, a recent uptick in property offenses, and a broader 3‑mile radius that skews more owner‑occupied, which places a premium on quality execution and leasing strategy.
- Elevated neighborhood occupancy and strong incomes support leasing stability
- Proximity to major employers underpins a consistent renter base
- 1999 vintage offers targeted value‑add and modernization opportunities
- Manageable rent‑to‑income dynamics aid retention and pricing power
- Risks: limited parks, recent property crime uptick, and a more owner‑oriented 3‑mile context