| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 36th | Poor |
| Demographics | 26th | Poor |
| Amenities | 14th | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 2911 Old State Route 32, Batavia, OH, 45103, US |
| Region / Metro | Batavia |
| Year of Construction | 1985 |
| Units | 27 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
2911 Old State Route 32 Batavia Multifamily Investment
Neighborhood occupancy registers in the low-90% range, supporting steady leasing conditions; this stability is reinforced by a mid-30s renter concentration, according to WDSuite’s CRE market data.
Batavia sits on the eastern edge of the Cincinnati metro with a rural profile and a C- neighborhood rating, placing it below the metro median (rank 566 of 611). While amenity density is limited (few cafes, parks, or pharmacies in the immediate area), basic retail and grocery options are present at a lower-than-metro frequency. For investors, this leans toward workforce housing dynamics where value and convenience to job corridors matter more than lifestyle retail clustering.
The neighborhood’s housing stock skews older (average construction circa 1940), and the subject property’s 1985 vintage is newer than much of the local inventory. That positioning can be competitive against older stock, though typical mid-80s systems and finishes may warrant targeted capital planning to sustain curb appeal and reduce maintenance variability.
Occupancy in the neighborhood is around 92%, with an upward trend over the past five years, indicating resilient renter demand even with modest amenity coverage. Renter-occupied share is in the mid-30s, offering a tangible tenant base without overexposure. Within a 3-mile radius, demographics indicate recent growth in population and households, alongside projections for further household increases and a higher renter share by 2028; this points to a gradually expanding renter pool that can support leasing stability and absorption.
Home values in the area are lower than national norms, which can introduce some competition from ownership alternatives. However, rents benchmark near national mid-range levels and have risen over the past five years, while rent-to-income metrics suggest manageable affordability pressures. For operators, this combination supports retention and measured pricing power, provided finish levels and operations are kept competitive.
Relative to neighborhoods nationwide, this area trends safer than average on property and violent offense measures (national percentiles are in the upper half, with property offenses comparatively stronger). Recent year-over-year signals are mixed: property offenses have eased meaningfully, while violent offenses ticked up. For investors, this pattern argues for routine security-minded operations and lighting/visibility improvements, while recognizing that the broader backdrop compares favorably to many U.S. neighborhoods.
Commutable access to Cincinnati’s corporate base supports workforce housing demand, with nearby utilities, healthcare, insurance, and consumer goods offices that can aid tenant retention and leasing velocity. The employers below reflect practical commute draws for residents.
- Kroger DCIC — corporate offices (20.4 miles)
- Anthem Inc Mason Campus II — insurance (20.7 miles)
- Duke Energy — utilities (22.1 miles)
- Humana — healthcare services (22.1 miles)
- Procter & Gamble — consumer goods (22.2 miles) — HQ
This 27-unit, 1985-vintage asset offers a competitive age profile versus an older local housing base, with scope for selective value-add to modernize systems and finishes. Neighborhood occupancy trends in the low-90% range and a mid-30s renter concentration support stable leasing, while lower-than-national home values temper rents but can aid retention if operations remain cost-effective. According to CRE market data from WDSuite, the area’s occupancy trajectory has improved over five years, aligning with a gradually expanding tenant base.
Within a 3-mile radius, recent increases in population and households and projections for further household growth and a higher renter share point to a larger renter pool over time. Limited amenity density and homeownership accessibility introduce competitive pressures, but proximity to Cincinnati’s employment core and measured rent-to-income levels provide a path for durable occupancy with disciplined asset management.
- 1985 vintage is newer than much of the local stock, with targeted value-add potential
- Neighborhood occupancy in the low-90% range supports leasing stability
- 3-mile demographic growth and rising projected renter share expand the tenant base
- Workforce-oriented location with commutable access to major Cincinnati employers
- Risks: limited amenity density and ownership competition require disciplined operations