| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 52nd | Good |
| Demographics | 62nd | Good |
| Amenities | 20th | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 300 Cardinal Dr, Cincinnati, OH, 45244, US |
| Region / Metro | Cincinnati |
| Year of Construction | 1973 |
| Units | 122 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
300 Cardinal Dr, Cincinnati Multifamily Opportunity
Neighborhood metrics point to full occupancy and steady renter demand in this inner-suburban pocket of Cincinnati, according to WDSuite s CRE market data. The takeaway for investors is stable utilization with room for value-add at the asset level.
Located in an Inner Suburb of the Cincinnati metro, the neighborhood is rated B and stands above the metro median (rank 257 of 611) for overall performance. Local rents benchmark near the metro middle while the neighborhood shows 100% occupancy with improvement over the past five years a neighborhood-level signal that supports leasing stability for nearby multifamily properties.
Vintage context matters: the submarket s average construction year is 1991, while the property was built in 1973. The older vintage suggests potential capital planning for building systems and an avenue for value-add renovations to sharpen competitive positioning against newer stock.
Within a 3-mile radius, demographics indicate a growing tenant base: population and households have risen in recent years, with forecasts calling for further population growth and a notable increase in households by the late-2020s. A rising household count and a modest rent-to-income profile support demand depth, which can aid occupancy stability and lease retention.
Tenure patterns show a meaningful share of renter-occupied housing units at the neighborhood level, with the renter concentration ranking in the upper tiers nationally. For investors, that points to a deeper pool of prospective tenants. Amenities are mixed: restaurants are present at roughly metro-average density, while cafes, groceries, parks, and pharmacies are limited within the immediate neighborhood, making on-site conveniences and property operations more important to retention.
Neighborhood-level safety metrics were not available in WDSuite for this specific location. Investors typically compare site-specific due diligence with broader Cincinnati metro trends and local law enforcement reports to understand relative conditions over time. Intersections, block faces, and property design can influence lived experience, so property-level measures (lighting, access control, and visibility) should be evaluated as part of underwriting.
The area benefits from proximity to major corporate offices that support a diversified employment base and commuter renter demand. Key nearby employers include Kroger DCIC, Humana, Procter & Gamble, Western & Southern Financial Group, and American Financial Group.
- Kroger DCIC corporate offices (10.3 miles)
- Humana corporate offices (11.8 miles)
- Procter & Gamble corporate offices (12.2 miles) HQ
- Western & Southern Financial Group corporate offices (12.2 miles) HQ
- American Financial Group corporate offices (12.3 miles) HQ
300 Cardinal Dr offers durable demand drivers for a mid-scale asset in an Inner Suburb setting. Neighborhood occupancy is fully utilized and trending positively, signaling strong utilization that can support stable leasing. Within a 3-mile radius, population growth and a faster increase in households point to renter pool expansion that can reinforce absorption and renewal visibility. Median rents sit near the metro middle, and rent-to-income levels indicate manageable affordability pressure, supporting retention.
Built in 1973, the property is older than the neighborhood s average vintage, which opens a path for value-add and modernization to improve competitive standing versus 1990s-and-newer stock. According to CRE market data from WDSuite, the neighborhood s renter concentration is comparatively strong, and proximity to multiple corporate campuses supports workforce demand all positives for ongoing occupancy management. Key risks include capital expenditures tied to age and fewer immediate neighborhood amenities, which place greater weight on on-site services and operations.
- Full neighborhood occupancy and positive five-year trend support leasing stability
- 3-mile radius shows population and household growth, expanding the renter pool
- 1973 vintage offers clear value-add and systems modernization potential
- Near major corporate offices, bolstering workforce-driven demand
- Risks: older systems capex and limited immediate amenities require strong on-site operations