| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 70th | Best |
| Demographics | 44th | Fair |
| Amenities | 0th | Poor |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 2454 Straight St, Batavia, OH, 45103, US |
| Region / Metro | Batavia |
| Year of Construction | 1994 |
| Units | 40 |
| Transaction Date | 1993-10-04 |
| Transaction Price | $88,000 |
| Buyer | WHISPERING PINES CLERMONT CO |
| Seller | TANGLEWOOD PROPERTIES LL |
2454 Straight St, Batavia OH Multifamily Investment
Positioned in an inner-suburban pocket of the Cincinnati metro, the neighborhood shows durable renter demand and high occupancy, according to WDSuite’s CRE market data, supporting steady operations for a 40-unit asset.
Batavia sits on the east side of the Cincinnati, OH-KY-IN metro with a neighborhood rating of C+ and an "Inner Suburb" profile. While daily needs are largely car-served and walkable amenities are limited, the area benefits from straightforward regional access to job centers, which anchors renter appeal for workforce-oriented housing.
Neighborhood occupancy trends are strong — in the top quartile nationally — and above the metro median, indicating resilient leasing and limited downtime between turns. The share of housing units that are renter-occupied is also high relative to peer neighborhoods, pointing to a deep local tenant base and supportive demand for multifamily.
Within a 3-mile radius, recent population growth and a notable increase in households signal a larger tenant pool ahead. Projections also indicate continued household growth alongside slightly smaller household sizes, which typically supports steady absorption of apartment units and helps stabilize occupancy and renewal rates.
Ownership costs in the neighborhood are elevated relative to local incomes in a metro context, which tends to sustain reliance on rental housing and can aid pricing power for well-positioned properties. At the same time, rents remain manageable versus incomes, which helps limit affordability pressure and supports retention. The average construction vintage locally skews mid-1990s; with a 1994 build, this asset is slightly older than nearby stock, suggesting potential value-add via targeted interior updates and systems modernization to sharpen competitive positioning.
Safety indicators are comparatively favorable. The neighborhood tracks above the national median for safety and is competitive among Cincinnati neighborhoods, according to WDSuite’s data. Recent year-over-year declines in both violent and property offense estimates further point to improving conditions. While no location is risk-free, the trend and relative positioning are supportive of stable multifamily operations.
Proximity to major Cincinnati employers supports commuter convenience and broad renter demand, notably across consumer goods, finance, and healthcare — the same organizations listed below.
- Kroger DCIC — corporate offices (14.1 miles)
- Humana — healthcare & insurance offices (15.1 miles)
- Procter & Gamble — consumer goods HQ (15.4 miles) — HQ
- Western & Southern Financial Group — financial services (15.4 miles) — HQ
- American Financial Group — insurance & financial services (15.5 miles) — HQ
This 1994-vintage, 40-unit property aligns with a neighborhood showing high occupancy and a sizable renter-occupied housing share, supporting steady lease-up and renewal prospects. Within a 3-mile radius, population and household growth expand the tenant base, while elevated ownership costs in the area reinforce reliance on multifamily. According to CRE market data from WDSuite, the neighborhood’s occupancy performance sits above metro norms and in the top quartile nationally, which can underpin income stability.
Given its slightly older vintage versus local averages, the asset presents value-add potential through selective renovations and systems upgrades to compete effectively with mid-1990s stock. Limited walkable amenities suggest a car-oriented resident profile, but proximity to large Cincinnati employers supports consistent demand from commuting households.
- Neighborhood occupancy trends are strong versus metro and national benchmarks, supporting cash flow stability.
- High renter-occupied housing share indicates a deep local tenant base for multifamily.
- 3-mile population and household growth expand the renter pool, aiding absorption and renewals.
- 1994 vintage provides value-add potential via targeted interior updates and modernization.
- Risks: car-oriented setting with few walkable amenities and typical capex needs for mid-1990s construction.