| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 39th | Fair |
| Demographics | 45th | Fair |
| Amenities | 43rd | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 610 Easter Rd, Bethel, OH, 45106, US |
| Region / Metro | Bethel |
| Year of Construction | 1982 |
| Units | 81 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
610 Easter Rd Bethel Multifamily Investment Opportunity
Neighborhood occupancy is around 92%, suggesting steady leasing fundamentals for workforce renters, according to WDSuite’s CRE market data. Moderate renter concentration and a lower-cost ownership market point to durable, value-focused demand rather than top-of-market pricing.
The property sits in an Inner Suburb setting within the Cincinnati metro, where the neighborhood carries a B- rating and ranks near the metro median (298 out of 611). Neighborhood occupancy trends are roughly mid-pack locally (rank 408 of 611) and slightly above the national median by percentile, indicating stable but competitive leasing conditions.
Amenity depth is mixed. Grocery (65th percentile nationally) and pharmacy access (69th percentile) are solid, while parks and cafes are limited in the immediate area. Average school ratings test in the top quartile nationally (about 3.5 out of 5 on average), which can support family-oriented renter interest.
Tenure patterns show an estimated 38.5% of housing units are renter-occupied in the neighborhood (78th percentile nationally), signaling a meaningful renter base for multifamily. Typical contract rents benchmark below national medians by percentile, which can aid lease retention and broaden the prospect pool, though it may temper premium rent pushes.
Within a 3-mile radius, household counts have inched higher recently and are projected to increase further even as average household size trends lower. This combination points to a larger number of smaller households over time, which supports multifamily demand and occupancy stability. Median home values in the area are lower relative to national norms, implying a more accessible ownership landscape that can create some competition with for-sale options; however, relatively manageable rent-to-income levels around the neighborhood support balanced leasing and renewals.
The asset’s 1982 vintage is newer than the neighborhood’s older average housing stock (late 1940s), giving it competitive footing versus legacy properties. Investors should still plan for system updates and modernization typical of early-1980s construction to maintain positioning and capture value-add upside.
Neighborhood-level crime benchmarking was not available in this dataset. Investors typically compare local conditions to Clermont County and broader Cincinnati metro trends and incorporate on-the-ground observations, property-level security measures, and recent police or municipal reports as part of diligence.
Given the absence of a metro rank or national percentile here, it is prudent to assess multi-year trend direction, review daytime versus evening activity patterns, and confirm any recent changes that could affect tenant retention or operating costs.
- Duke Energy — utilities (23.7 miles)
- Western & Southern Financial Group — insurance & financial services (24.5 miles) — HQ
- American Financial Group — insurance (24.5 miles) — HQ
- Procter & Gamble — consumer products (24.5 miles) — HQ
- Humana — healthcare services (24.6 miles)
Regional employment is anchored by major corporate offices within roughly 24–26 miles, supporting commuter access and a diversified white-collar tenant base. The list below highlights nearby headquarters and offices most relevant to renter demand in this submarket.
610 Easter Rd offers an 81-unit, early-1980s multifamily position in a Cincinnati Inner Suburb where neighborhood occupancy trends are steady and renter concentration is material. Based on CRE market data from WDSuite, the neighborhood’s rent levels sit below national medians by percentile, supporting a broad tenant base and lease retention, while the 3-mile area shows rising household counts and smaller household sizes—factors that can expand the renter pool and support occupancy stability.
The 1982 vintage is newer than much of the surrounding housing stock, which can be advantageous versus older comparables. Investors should plan for targeted capital to update building systems and finishes to remain competitive. A lower-cost ownership landscape may introduce some competition from for-sale options, but manageable rent-to-income dynamics and proximity to large employment centers can underpin consistent demand.
- Steady neighborhood occupancy and meaningful renter concentration support leasing stability.
- Below-median rent positioning broadens the tenant base and aids renewal outcomes.
- 1982 construction offers relative competitiveness versus older stock with clear value-add pathways.
- Household growth and smaller household sizes within 3 miles point to a larger renter pool over time.
- Risk: More accessible ownership options can compete with rentals, requiring disciplined pricing and retention strategy.