| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 70th | Best |
| Demographics | 44th | Fair |
| Amenities | 0th | Poor |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 611 College Dr, Batavia, OH, 45103, US |
| Region / Metro | Batavia |
| Year of Construction | 2013 |
| Units | 40 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
611 College Dr, Batavia OH — 40-Unit Multifamily Position
Neighborhood occupancy sits near 97% according to WDSuite s CRE market data, pointing to stable renter demand around the asset rather than the property itself, with pricing supported by an ownership market that skews higher-cost for the metro.
The property s 2013 vintage is newer than the neighborhood s average construction year of 1996, offering competitive positioning versus older stock and the potential to capture demand with fewer near-term modernization needs, while still planning for systems updates as the asset seasons.
Renter concentration at the neighborhood level is about half of housing units (51.2%), which suggests a meaningful tenant base for multifamily leasing and supports occupancy stability. Neighborhood occupancy is 97.2% (top-quartile nationally by percentile), providing context for steady lease-up and renewal potential; these metrics reflect the neighborhood, not the property.
Within a 3-mile radius, population and household counts have expanded in recent years, with households growing faster than population, indicating smaller household sizes and a broader pool of potential renters. Looking ahead, forecasts point to continued growth through 2028, which typically supports absorption and tenant retention for well-maintained assets.
Elevated home values for the neighborhood relative to income (national value-to-income percentile around the 80th) indicate a higher-cost ownership market in this context, which can sustain reliance on rental options and underpin occupancy. At the same time, rent-to-income levels benchmark near the national middle-to-upper range, suggesting manageable affordability pressure that can aid renewal rates. Amenity density inside the immediate neighborhood is limited, so residents rely on nearby commercial corridors for retail and services an operational consideration for marketing and resident experience.
Neighborhood safety indicators are competitive versus national benchmarks: overall crime performance sits around the low-60s national percentile, implying safer-than-average conditions compared with neighborhoods nationwide. Year-over-year trends show improvement, with both violent and property offense rates declining over the past year, according to CRE market data from WDSuite.
Within the Cincinnati metro (611 neighborhoods measured), the area performs above the metro median on several safety measures, supporting renter appeal without overstating block-level outcomes. Investors should still underwrite to standard security, lighting, and site-management practices consistent with suburban multifamily operations.
Proximity to regional employers supports workforce housing demand and commute convenience, including Kroger (distribution and corporate functions), Anthem (insurance), Humana (insurance), Procter & Gamble, and Western & Southern Financial Group.
- Kroger DCIC distribution/corporate (15.5 miles)
- Anthem Inc Mason Campus II insurance (16.8 miles)
- Humana insurance (16.8 miles)
- Procter & Gamble consumer goods (17.0 miles) HQ
- Western & Southern Financial Group financial services (17.1 miles) HQ
611 College Dr offers a 40-unit footprint in an inner-suburban setting where neighborhood occupancy is 97.2% and renter concentration is substantial, indicating depth in the tenant base. The 2013 construction year positions the asset competitively versus the neighborhood s older average stock, supporting leasing and retention while allowing investors to time capital projects as systems age. Elevated ownership costs in the surrounding context reinforce renter reliance on multifamily housing; according to CRE market data from WDSuite, occupancy remains above metro averages, which can help sustain income stability through cycles.
Demographics aggregated within a 3-mile radius show population growth and a faster increase in households, expanding the prospective renter pool and supporting absorption. While amenity density inside the immediate neighborhood is limited, regional employment access and suburban fundamentals provide a workable leasing narrative for workforce-oriented demand.
- Newer 2013 vintage versus local average, enhancing competitive positioning
- High neighborhood occupancy with sizable renter-occupied share supporting demand depth
- 3-mile population and household growth broadens the tenant base and supports absorption
- Elevated ownership costs in context reinforce multifamily leasing and renewal potential
- Risk: limited immediate amenity density plan for marketing, on-site services, and commute-oriented positioning