| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 70th | Best |
| Demographics | 44th | Fair |
| Amenities | 0th | Poor |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 4200 Taylor Rd, Batavia, OH, 45103, US |
| Region / Metro | Batavia |
| Year of Construction | 1978 |
| Units | 30 |
| Transaction Date | 2001-01-18 |
| Transaction Price | $955,000 |
| Buyer | MCLERRIN MGMT CORP |
| Seller | CAMP DENNISON PROPERTIES |
4200 Taylor Rd Batavia Multifamily with Stable Renter Demand
Neighborhood fundamentals point to high occupancy and a durable renter base in Batavia s inner-suburban setting, according to WDSuite s CRE market data. This positioning supports consistent leasing while leaving room for operational improvements at the asset level.
The property sits in an Inner Suburb neighborhood of the Cincinnati metro rated C+, where multifamily performance indicators suggest steady renter demand and relatively tight vacancy at the neighborhood level. Neighborhood occupancy is strong and has trended higher over the past five years, supporting income stability for operators. While the area s amenity density is limited, daily needs and employment access are reachable within broader East Side corridors.
Relative to metro peers (611 neighborhoods), the area s neighborhood-level occupancy ranks in the upper tier and is in the top quartile nationally, indicating competitive leasing conditions for typical assets nearby. Neighborhood NOI per unit trends are also competitive nationally, providing a constructive backdrop for cash flow execution when operations are well managed.
Construction year averages in the neighborhood skew newer than this asset (local average circa the mid-1990s), whereas the subject was built in 1978. For investors, the older vintage implies potential capital planning for systems, interiors, and curb appeal but also value-add upside to reposition relative to nearby 1990s-era stock.
Tenure patterns indicate a meaningful share of renter-occupied housing units at the neighborhood level, which deepens the tenant pool and can support occupancy stability through cycles. In parallel, within a 3-mile radius, demographics show population growth and a notable increase in households alongside a gradual reduction in average household size factors that typically expand the renter pool and support consistent absorption of multifamily units.
Home values in the neighborhood sit in a higher national percentile relative to local incomes (value-to-income metrics are elevated), indicating a high-cost ownership market in context. For multifamily investors, that tends to sustain reliance on rental housing and can bolster lease retention, while the neighborhood s rent-to-income levels suggest manageable affordability pressure that supports renewals and pricing discipline.
Neighborhood safety benchmarks are above the national median, with both overall and property offense measures testing in higher national percentiles (safer relative to many neighborhoods nationwide). Recent year-over-year readings indicate double-digit declines in estimated violent and property offenses, pointing to an improving trend rather than deterioration, based on CRE market data from WDSuite.
As always, safety varies by micro-location and time of day. Investors should underwrite to neighborhood-level comparatives (not block-level assumptions) and pair data trends with on-the-ground diligence when assessing tenant retention and operating risk.
Proximity to major Cincinnati employers underpins renter demand through commute convenience and a diverse white-collar employment base. Notable nearby employers include Kroger DCIC, Humana, Procter & Gamble, Western & Southern Financial Group, and American Financial Group.
- Kroger DCIC distribution (14.6 miles)
- Humana healthcare & insurance (15.3 miles)
- Procter & Gamble consumer goods (15.5 miles) HQ
- Western & Southern Financial Group financial services (15.6 miles) HQ
- American Financial Group insurance (15.6 miles) HQ
Built in 1978, this 30-unit asset is older than the neighborhood s typical 1990s-vintage stock a profile that often benefits from targeted value-add improvements to enhance rent positioning and reduce future capital surprises. Neighborhood-level occupancy is strong and trending upward, and national benchmarking places leasing conditions in a favorable tier a supportive backdrop for income durability. Within a 3-mile radius, population and household growth alongside smaller average household sizes point to renter pool expansion, while elevated ownership costs in context reinforce reliance on multifamily housing. According to commercial real estate analysis from WDSuite, rent burdens in the neighborhood context appear manageable, which can aid lease retention and measured pricing power.
Key risks include limited immediate amenity density (car-oriented living) and vintage-related capex needs; however, proximity to major Cincinnati employment hubs and a deepening renter base at the neighborhood level help offset demand risk. Prudent underwriting should pair market comps with a realistic renovation scope and reserves.
- Tight neighborhood-level occupancy with favorable national standing supports income stability
- 1978 vintage offers value-add potential versus newer 1990s-area comparables
- 3-mile population and household growth with smaller household sizes expands the renter pool
- Elevated ownership costs in context underpin renter reliance and lease retention
- Risks: low amenity density and vintage capex; mitigate with disciplined renovations and reserves