| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 62nd | Best |
| Demographics | 54th | Fair |
| Amenities | 47th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 4602 Lakeland Dr, Batavia, OH, 45103, US |
| Region / Metro | Batavia |
| Year of Construction | 1980 |
| Units | 24 |
| Transaction Date | 2015-05-20 |
| Transaction Price | $1,350,000 |
| Buyer | BATAVIA INVESTORS LLC |
| Seller | WILLOWBROOK ESTATES LLC |
4602 Lakeland Dr, Batavia OH Multifamily Investment
Neighborhood occupancy remains high with steady renter demand, according to WDSuite’s CRE market data, pointing to durable income potential for a well-managed 24-unit asset. A 1980 vintage may offer value-add upside through targeted modernization relative to nearby 1980s stock.
This Inner Suburb location ranks competitive among Cincinnati neighborhoods, landing in the top quartile among 611 metro neighborhoods (overall A- rating). Neighborhood occupancy is strong at the area level, with rates above national norms; this supports leasing stability for multifamily investors while not representing the property specifically.
Local livability is balanced: restaurants and cafes index above national averages (restaurants around the 73rd percentile and cafes near the 80th), and grocery and pharmacy access trend moderately higher than typical U.S. neighborhoods. Parks and formal childcare options are limited within the neighborhood, which may modestly influence family-oriented amenity appeal.
Schools in the area show stronger performance, with the average rating in the 84th percentile nationally and a rank of 43 out of 611 within the metro—an attractive context for tenant retention among households prioritizing education. Median contract rents in the neighborhood have risen meaningfully in recent years, reflecting sustained renter demand rather than property-level performance.
Tenure data indicates a moderate renter concentration (about two-fifths of housing units are renter-occupied), suggesting a viable tenant base without overreliance on rentals. In the 3-mile radius, recent population growth and an increase in households expand the renter pool, and forward-looking projections call for additional household growth—factors that typically support occupancy stability and steady leasing. Ownership costs are relatively manageable by national standards, which can create some competition with for-sale housing; however, current rent-to-income levels around the neighborhood indicate manageable affordability pressure, aiding lease retention and pricing discipline for professionally operated assets.
Comparable neighborhood crime metrics are not available in WDSuite for this location at this time. Investors typically benchmark safety using broader Cincinnati-area trends and local law-enforcement reports to assess trajectory and context. Any site-level assessment should be validated with on-the-ground diligence and third-party data before underwriting.
Proximity to established corporate employers supports renter demand through commute convenience and diversified job bases. Nearby employers include Kroger DCIC, Humana, Procter & Gamble, Western & Southern Financial Group, and American Financial Group.
- Kroger DCIC — corporate offices (12.0 miles)
- Humana — healthcare services (13.1 miles)
- Procter & Gamble — consumer goods (13.4 miles) — HQ
- Western & Southern Financial Group — insurance (13.4 miles) — HQ
- American Financial Group — insurance (13.5 miles) — HQ
4602 Lakeland Dr offers a 24-unit footprint in an Inner Suburb setting that scores in the top quartile among 611 Cincinnati metro neighborhoods, with area-level occupancy trending high. Based on CRE market data from WDSuite, the neighborhood’s renter concentration and steady restaurant/grocery access point to a reliable tenant base, while rent levels have grown alongside broader demand—factors that can support income durability when paired with disciplined operations.
Built in 1980, the asset is slightly older than the neighborhood’s typical 1980s stock, creating an avenue for targeted value-add (unit finishes, common areas, and systems) to strengthen competitive positioning. Within a 3-mile radius, recent population growth and rising household counts, with additional expansion forecast, suggest a larger tenant base over time—supportive of occupancy stability and sustained leasing velocity. Ownership costs in the area are relatively accessible versus many U.S. markets, which may introduce some competition from for-sale options; operators can mitigate this through renter experience, renewal management, and measured pricing strategy.
- Top-quartile neighborhood context among 611 metro areas supports leasing stability
- High neighborhood occupancy and moderate renter concentration point to a sustainable tenant base (neighborhood metrics, not property)
- 1980 vintage provides clear value-add and modernization pathways to enhance competitiveness
- 3-mile radius shows population and household growth, expanding the renter pool and supporting retention
- Risk: relatively accessible ownership options may compete with rentals—focus on renewal strategy and resident experience