| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 53rd | Good |
| Demographics | 54th | Fair |
| Amenities | 47th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 3819 Rohling Oaks Dr, Cincinnati, OH, 45245, US |
| Region / Metro | Cincinnati |
| Year of Construction | 1978 |
| Units | 24 |
| Transaction Date | 2005-12-05 |
| Transaction Price | $1,326,666 |
| Buyer | THE JONAS GROUP |
| Seller | VP INVESTMENTS LLC |
3819 Rohling Oaks Dr Cincinnati Suburban Multifamily Investment
Neighborhood occupancy is high and renter demand is supported by a sizable renter-occupied base, according to WDSuite’s CRE market data. This points to steady leasing fundamentals for a well-positioned 24-unit asset in Cincinnati’s inner suburbs.
Located in an inner-suburb pocket of Cincinnati, the neighborhood rates competitively among 611 metro neighborhoods (overall rank: 153 of 611), signaling balanced fundamentals for multifamily investors rather than outlier risk. Occupancy in the neighborhood is strong (national percentile in the low 90s), which typically supports stable cash flow and lower lease-up risk relative to many U.S. submarkets.
Daily-needs access is a relative strength: grocery and pharmacy density sit around the upper quartiles nationally, and childcare availability is also above average. By contrast, cafes and parks are limited locally, so lifestyle-driven tenants may rely on nearby nodes for those amenities. Within the metro, amenity access ranks 126 of 611, which is competitive among Cincinnati neighborhoods.
The property’s 1978 vintage is older than the neighborhood’s average construction year (1990). For investors, that typically means planning for targeted capital improvements and potential value-add renovations to remain competitive against newer stock, while leveraging the area’s high occupancy to capture post-renovation demand.
Tenure patterns indicate depth for rentals: approximately mid-40% of neighborhood housing units are renter-occupied, which supports a consistent tenant base. Within a 3-mile radius, households have grown in recent years and are projected to increase further by 2028; this expansion, alongside a modest rent-to-income profile, can underpin retention and sustained demand for multifamily units.
Affordability context is favorable to steady occupancy management. Median home values in the neighborhood are moderate by national standards, which can create some competition from ownership; however, a rent-to-income ratio around the low-teens suggests manageable affordability pressure for renters, supporting lease renewal prospects and pricing discipline rather than aggressive concessions.
Neighborhood-level crime metrics were not available in the supplied dataset for this specific location. Investors typically benchmark safety by comparing neighborhood trends to metro and national baselines and by reviewing recent local reports and insurer guidance. Given the property’s inner-suburban setting, a prudent approach is to verify recent trend lines and any block-level variations before underwriting.
Regional employment is anchored by large corporate employers within roughly 13 miles, supporting commuter convenience and a diversified white-collar tenant base. The list below highlights nearby offices and headquarters that can help sustain leasing and retention.
- Duke Energy — utilities (12.8 miles)
- Humana — healthcare insurance (12.9 miles)
- Procter & Gamble — consumer goods (12.9 miles) — HQ
- Western & Southern Financial Group — financial services (13.0 miles) — HQ
- American Financial Group — insurance (13.0 miles) — HQ
This 24-unit, 1978-vintage asset sits in a Cincinnati inner-suburb with high neighborhood occupancy and a renter-occupied share near half, indicating depth in the tenant base. Within a 3-mile radius, population and household counts have risen and are projected to expand further by 2028, pointing to a larger renter pool over the medium term. According to CRE market data from WDSuite, neighborhood occupancy trends rank well versus national benchmarks, which can support leasing stability while value-add upgrades address aging systems and interior competitiveness.
The location offers strong access to daily-needs retail (groceries, pharmacies, childcare) but fewer cafes and parks, so demand is driven more by practicality than lifestyle. Home values are moderate relative to income, creating some competition from ownership, yet rent-to-income levels in the low teens suggest manageable affordability pressure that can aid retention and measured rent growth. Proximity to major Cincinnati employers strengthens the case for resilient occupancy across cycles.
- High neighborhood occupancy and sizable renter-occupied base support steady leasing
- 1978 vintage presents value-add potential through targeted renovations and systems upgrades
- Expanding 3-mile household counts point to a growing renter pool by 2028
- Strong daily-needs access; major employers within commuting range bolster demand
- Risks: competition from homeownership given moderate home values and limited lifestyle amenities nearby