| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 52nd | Good |
| Demographics | 49th | Fair |
| Amenities | 69th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1761 Culver Ct, Amelia, OH, 45102, US |
| Region / Metro | Amelia |
| Year of Construction | 1979 |
| Units | 24 |
| Transaction Date | 1999-08-23 |
| Transaction Price | $1,500,000 |
| Buyer | CROWN CROSSING LLC |
| Seller | A R III LTD |
1761 Culver Ct, Amelia OH — 24-Unit Multifamily
Neighborhood-level occupancy sits in the mid-90s, supporting stable rent rolls and consistent leasing, according to WDSuite’s CRE market data. Built in 1979, the asset skews older than nearby stock, pointing to potential value-add and system modernization upside.
The property is in an Inner Suburb of the Cincinnati metro that ranks within the top quartile among 611 metro neighborhoods (Neighborhood Rating: A). Neighborhood-level occupancy is 95.4% — above national norms — which signals a steady leasing backdrop for multifamily operators in this pocket. Amenity coverage (grocery, parks, pharmacies, and cafes) trends above national averages, helping support resident convenience and retention.
Vintage matters here: the average construction year in the neighborhood is 1991, while this property was built in 1979. That age gap suggests near- to medium-term capital planning around interiors, building systems, and common areas; conversely, it also opens value-add paths relative to newer competitive stock if renovations elevate unit finishes and curb appeal.
Renter concentration in the neighborhood is approximately 41% of housing units being renter-occupied, indicating a meaningful tenant base for multifamily demand without overwhelming exposure to transient turnover. Within a 3-mile radius, demographics show population and household growth over the last five years, with forecasts calling for further increases in population and a sizable rise in households — effectively expanding the local renter pool and supporting occupancy stability.
Ownership costs in this area track below many U.S. submarkets (median home values sit in a lower national percentile), while neighborhood rent-to-income levels are moderate. For investors, that mix points to balanced dynamics: homeownership is relatively accessible, which can temper rent growth outperformance, yet current rent burdens remain manageable, aiding lease retention and renewal probability during typical turns.
Safety indicators for the neighborhood land near the middle of the national distribution, with overall crime levels around the 43rd percentile nationwide. Recent trends are mixed: property offenses have declined over the past year, while violent offense estimates ticked up. For investors, this reads as a generally stable but watch-list category — neither a pronounced tailwind nor a prohibitive impediment — best addressed through standard on-site measures (lighting, access control) and routine monitoring of local data.
Within the Cincinnati metro context, the neighborhood performs competitively, but it does not sit at the absolute top for safety. Framing expectations appropriately helps underwrite security line items and informs leasing strategy without over- or under-estimating risk.
Proximity to Cincinnati’s core employers supports a durable renter base, especially for professionals seeking commute convenience to headquarters operations. Key demand drivers include Western & Southern Financial Group, Procter & Gamble, American Financial Group, Fifth Third Bancorp, and Kroger.
- Western & Southern Financial Group — insurance & financial services (17.1 miles) — HQ
- Procter & Gamble — consumer goods (17.1 miles) — HQ
- American Financial Group — insurance & financial services (17.1 miles) — HQ
- Fifth Third Bancorp — banking (17.4 miles) — HQ
- Kroger — grocery & consumer staples (17.6 miles) — HQ
1761 Culver Ct offers exposure to an A-rated Cincinnati Inner Suburb where neighborhood occupancy registers in the mid-90s and amenity access runs above national averages. According to CRE market data from WDSuite, the area’s renter concentration and growing 3-mile household counts indicate a resilient tenant base that can underpin steady leasing and renewal activity.
Constructed in 1979, the asset is older than the neighborhood’s average vintage, which underscores both capital planning needs and credible value-add potential through targeted upgrades. With ownership costs relatively accessible in this submarket and rent-to-income levels moderate, investors should underwrite disciplined rent growth while leaning on demand depth, commute access to major Cincinnati headquarters, and operational execution to drive returns.
- Neighborhood-level occupancy near 95% supports leasing stability and consistent rent rolls.
- Growing 3-mile population and households expand the renter pool, aiding retention and backfilling.
- Proximity to Cincinnati HQ employers reinforces demand from income-stable tenants.
- 1979 vintage presents value-add upside through interior and system upgrades.
- Risk: relatively accessible ownership market may temper rent growth; budget for competitive amenities and security measures.