| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 67th | Best |
| Demographics | 54th | Fair |
| Amenities | 23rd | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 29 E Main St, Amelia, OH, 45102, US |
| Region / Metro | Amelia |
| Year of Construction | 1974 |
| Units | 96 |
| Transaction Date | 2007-06-01 |
| Transaction Price | $3,230,000 |
| Buyer | DEER POINTE LLC |
| Seller | DIL SUN VENTURES LLC |
29 E Main St Amelia Multifamily Investment
Neighborhood fundamentals indicate durable renter demand and full neighborhood occupancy, according to WDSuite’s CRE market data. Expect steady leasing supported by a growing 3-mile renter pool and relative affordability against regional alternatives.
Situated in the Cincinnati, OH-KY-IN metro, the neighborhood around 29 E Main St carries a B+ rating and ranks 174 out of 611 metro neighborhoods, which is competitive among Cincinnati neighborhoods. Neighborhood occupancy is at the top of the metro (ranked 1 of 611 and top percentile nationally), signaling stable renter demand at the neighborhood level rather than the property itself.
Livability is balanced: neighborhood amenities overall are competitive among Cincinnati (amenity rank 213 of 611), with cafes and pharmacies showing stronger density (nationally around the upper quartiles), while grocery and park access are limited within the immediate neighborhood. Average school ratings trend below national norms (rank 155 of 611; national percentile 37), which may shape tenant mix toward value-focused renters.
The renter-occupied share in the neighborhood is 36.7% (76th percentile nationally), indicating a meaningful tenant base for multifamily. The property’s 1974 vintage is older than the neighborhood’s average construction year (1995), suggesting investors should plan for ongoing capital improvements or targeted value-add to enhance competitiveness versus newer stock.
Demographics are aggregated within a 3-mile radius and point to a larger tenant base ahead: recent years show population and household growth, with forecasts indicating further population gains and a notable increase in households alongside gradually smaller household sizes. This typically supports renter pool expansion and occupancy stability. Neighborhood-level rents benchmark below national medians, while ownership costs in the area are relatively elevated by income standards (higher national percentile on value-to-income), which can sustain reliance on rentals and provide disciplined pricing power for well-positioned assets.
Safety indicators are mixed and best viewed in context. Within the Cincinnati metro, the neighborhood’s crime rank is 129 out of 611, indicating higher incident levels than many metro peers. Compared with neighborhoods nationwide, composite safety sits around the mid-to-upper range (national percentile near the high 50s), though violent and property components vary.
Trend data show improvement: both property and violent offense estimates have declined year over year, placing the neighborhood in stronger improvement percentiles nationally. For investors, this suggests monitoring remains prudent—thoughtful lighting, access control, and tenant screening can help sustain leasing performance as broader trends continue to normalize.
The surrounding labor market draws from Cincinnati’s CBD and near-east employment nodes, supporting commuter-demand rentals. Nearby employers include energy utilities, health insurance, and major corporate headquarters that can underpin leasing depth and retention.
- Duke Energy — energy utility offices (16.0 miles)
- Humana — health insurance (16.5 miles)
- Western & Southern Financial Group — financial services (16.5 miles) — HQ
- Procter & Gamble — consumer goods (16.5 miles) — HQ
- American Financial Group — insurance (16.5 miles) — HQ
This 96-unit, 1974-vintage asset in Amelia benefits from a neighborhood that ranks 174 of 611 in the Cincinnati metro—competitive locally—with neighborhood occupancy at the top of the metro. According to CRE market data from WDSuite, renter-occupied concentration in the neighborhood sits well above national midpoints, and 3-mile demographics indicate population and household growth with smaller average household sizes over time. Together, these factors point to a resilient tenant base and potential for steady leasing.
The 1974 vintage is older than nearby stock on average, creating a clear value-add and capital planning angle to sharpen positioning against newer assets. Neighborhood-level rents trend below national medians while homeownership costs are comparatively high versus incomes, reinforcing the role of rentals. Core risks include thinner neighborhood amenity coverage (notably grocery and parks), below-average school ratings, and a mixed but improving safety profile—factors to underwrite via operations, physical upgrades, and targeted marketing.
- Competitive neighborhood standing in Cincinnati with top-of-metro occupancy supporting leasing stability
- Expanding 3-mile renter pool driven by population and household growth with smaller household sizes
- Value-add potential from 1974 vintage relative to newer neighborhood stock
- Rental positioning supported by below-national rent benchmarks and comparatively higher ownership costs
- Risks: limited local amenities, lower school ratings, and a mixed but improving safety trend to manage operationally