| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 58th | Best |
| Demographics | 65th | Good |
| Amenities | 46th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1043 Shayler Rd, Cincinnati, OH, 45245, US |
| Region / Metro | Cincinnati |
| Year of Construction | 1993 |
| Units | 60 |
| Transaction Date | 2006-02-07 |
| Transaction Price | $1,612,050 |
| Buyer | SHAYLER GLEN APARTMENTS LLC |
| Seller | SHAYLER GLEN ASSOCIATES LP |
1043 Shayler Rd Cincinnati Multifamily Investment
Neighborhood occupancy trends are stable, with the surrounding area posting a 95.4% occupancy rate, according to WDSuite’s CRE market data. For investors, that indicates steady renter demand relative to broader national conditions without relying on aggressive assumptions.
The property sits in a suburban pocket of the Cincinnati, OH-KY-IN metro where the neighborhood is rated A and ranks 91 out of 611 metro neighborhoods — a position in the top quartile locally. For investors, that typically reflects balanced fundamentals and steady leasing conditions compared with many submarkets in the region.
Daily needs are reasonably covered: grocery access trends above the national median and parks availability sits in a stronger national tier as well, supporting livability for a broad renter base. Caf e9 density is competitive among national peers, while the average school rating of 3.0 out of five suggests schools that are roughly in line with broader norms — useful for retaining households seeking stability rather than premium school districts.
From a housing perspective, the neighborhood b9s occupancy level (95.4%) is above the national median (73rd percentile), indicating resilient leasing performance at the neighborhood level — not the property. However, the area b9s renter-occupied share is modest by some measures, so assets often compete on product quality and convenience to deepen the tenant base.
Demographic statistics are aggregated within a 3-mile radius. Over the last five years, population increased by 3.3% while households rose 8.2%, pointing to smaller average household sizes and a larger tenant base for multifamily. Looking ahead to 2028, WDSuite b9s forecasts indicate a 6.4% increase in population and a 40.3% increase in households, which supports renter pool expansion and occupancy stability if product is positioned and managed effectively.
Ownership economics are relatively accessible compared with many U.S. locales (median home value around $253,667 and a value-to-income ratio near 2.7). For multifamily investors, that can introduce competition from ownership options; thoughtful amenities, unit finishes, and service levels help sustain lease retention and pricing power.
Metro-comparable crime data for this neighborhood is limited in the current release, so investors should benchmark safety using recent local trend reports and comparable properties in the Cincinnati, OH-KY-IN region. As always, evaluate block-by-block conditions, lighting, visibility, and resident feedback as part of standard due diligence.
Proximity to major Cincinnati employers supports leasing from a broad workforce, with convenient commutes to healthcare, consumer goods, utilities, insurance, and financial services hubs noted below.
- Humana — healthcare services (13.3 miles)
- Procter & Gamble — consumer goods (13.5 miles) — HQ
- Duke Energy — utilities (13.5 miles)
- Western & Southern Financial Group — financial services (13.5 miles) — HQ
- American Financial Group — insurance (13.5 miles) — HQ
Built in 1993, this 60-unit asset is slightly older than the neighborhood b9s average construction vintage (2001). That age profile can translate into targeted capital needs, but it also offers value-add potential through unit modernization and selective common-area upgrades to compete effectively against newer stock. At the neighborhood level, occupancy runs above national medians and the 3-mile area shows a growing renter pool, underpinned by household growth and sustained incomes — a backdrop that supports leasing stability.
According to CRE market data from WDSuite, rent-to-income dynamics in the surrounding neighborhood sit in a favorable range, suggesting room to optimize rents while managing retention with measured renewal strategies. At the same time, more accessible ownership costs in the area mean assets should emphasize convenience, amenities, and professional management to mitigate competition from for-sale housing.
- Neighborhood occupancy above national medians supports baseline leasing stability.
- 1993 vintage presents value-add potential via unit updates and systems modernization.
- 3-mile radius shows population growth and strong household gains, expanding the tenant base.
- Favorable rent-to-income positioning allows for disciplined rent optimization with retention focus.
- Risk: relatively accessible homeownership and modest renter concentration require competitive product positioning.