| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 67th | Best |
| Demographics | 54th | Fair |
| Amenities | 23rd | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 47 Amelia Park Dr, Amelia, OH, 45102, US |
| Region / Metro | Amelia |
| Year of Construction | 1978 |
| Units | 48 |
| Transaction Date | 1994-06-03 |
| Transaction Price | $1,000,000 |
| Buyer | RITCHIE RAYMOND E |
| Seller | AMELIA APTS LTD PTNS |
47 Amelia Park Dr Amelia Multifamily Investment
Neighborhood occupancy is among the strongest in the Cincinnati metro, supporting stable leasing conditions for well-positioned assets, according to WDSuite’s CRE market data.
Amelia sits in an inner-suburban pocket of the Cincinnati MSA with a B+ neighborhood rating and a renter-occupied share of housing around one-third, indicating a meaningful tenant base while still drawing from nearby owner households. Neighborhood occupancy is at the top of the metro, which points to durable demand at the submarket level; note this reflects neighborhood conditions rather than the specific property.
Amenities are mixed: cafes and pharmacies rank in the top quartile among 611 Cincinnati neighborhoods, and restaurants are above the metro median. However, parks and grocery options are limited within the neighborhood itself, which suggests residents are more car-reliant for daily needs. Average school ratings trend below national norms, a factor family-oriented operators may weigh when shaping unit mix and amenities.
Home values sit in a higher national percentile relative to local incomes, which in practice can reinforce renter reliance on multifamily housing and support pricing power, while the neighborhood s rent-to-income levels indicate relatively manageable rent burdens that can aid retention. The area 19s average construction vintage skews newer than the subject (1995 vs. the property 19s 1978), creating potential value-add positioning through targeted renovations and systems upgrades to remain competitive against newer stock.
Within a 3-mile radius, population and households have grown and are projected to continue expanding, with household sizes trending smaller. This points to a larger tenant base and incremental demand for rental units, which can support occupancy stability and steady lease-up for professionally managed assets, based on commercial real estate analysis from WDSuite.
Safety indicators are broadly comparable to national norms, with the neighborhood sitting modestly above the national middle on composite crime benchmarks. Interpreting local safety at the neighborhood level (not the property), conditions are competitive among Cincinnati neighborhoods without signaling outlier risk.
Year over year, both violent and property offense estimates have trended downward, with declines that rank well compared to national peers. For investors, that pattern can support leasing stability and resident retention, though prudent operators should continue standard safety and lighting best practices and monitor ongoing trends.
The employment base within commuting range is anchored by utilities, healthcare, consumer products, and financial services—supporting renter demand through a diverse set of white-collar jobs and steady back-office roles. The list below highlights nearby anchors most relevant to workforce and professional tenants.
- Duke Energy — utilities (16.4 miles)
- Humana — health insurance (16.8 miles)
- Western & Southern Financial Group — financial services (16.8 miles) — HQ
- Procter & Gamble — consumer products (16.8 miles) — HQ
- American Financial Group — insurance (16.9 miles) — HQ
Built in 1978, the property is older than the neighborhood 19s average vintage, creating a clear value-add angle through unit renovations, common-area refreshes, and selective building systems work to compete with mid-1990s and newer stock. Strong neighborhood occupancy and a renter base supported by higher ownership costs relative to incomes point to durable demand, according to CRE market data from WDSuite.
Within a 3-mile radius, recent and projected growth in population and especially households suggests a larger tenant base and ongoing leasing depth. Rent-to-income levels indicate room for disciplined rent management that balances revenue with retention, while proximity to a diversified employment core underpins day-to-day demand. Key considerations include limited neighborhood parks and grocery options, below-average school ratings, and the capital planning typical for late-1970s construction.
- Neighborhood occupancy sits at the top of the Cincinnati metro, supporting leasing stability (neighborhood metric, not property-specific).
- 1978 vintage offers value-add upside via interior upgrades and targeted system improvements versus newer competitive stock.
- 3-mile demand drivers: growing households and smaller household sizes expand the renter pool and support absorption.
- Ownership costs in higher national percentiles reinforce renter reliance, while rent-to-income levels support retention-focused pricing.
- Risks: limited neighborhood parks/grocery and lower school ratings; ongoing capex typical for late-1970s buildings.