| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 53rd | Good |
| Demographics | 54th | Fair |
| Amenities | 47th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 3887 Bennett Rd, Cincinnati, OH, 45245, US |
| Region / Metro | Cincinnati |
| Year of Construction | 1976 |
| Units | 44 |
| Transaction Date | 1992-04-02 |
| Transaction Price | $1,100,000 |
| Buyer | --- |
| Seller | --- |
3887 Bennett Rd, Cincinnati — 44-Unit Multifamily
Neighborhood occupancy runs strong and supports stable leasing, according to WDSuite’s CRE market data, with renter demand underpinned by nearby employment and accessible suburban amenities.
Located in an inner-suburb pocket of Cincinnati, the property benefits from a neighborhood occupancy rate that sits in the top decile nationally and is competitive among Cincinnati neighborhoods. For investors, that backdrop points to steadier income and lower downtime between turns relative to markets with more slack.
Renter-occupied housing makes up a meaningful share of units in the neighborhood (mid-40s), indicating a sizable tenant base for multifamily assets and helping support demand across cycles. Within a 3-mile radius, population has expanded while household counts have grown faster and average household size has edged lower, which typically broadens the renter pool and supports occupancy stability.
Amenity access is practical rather than lifestyle-driven: grocery and pharmacy coverage rank above national averages, while café density and park access are limited. This mix tends to attract value-conscious renters looking for convenience more than entertainment, which can aid retention but may temper premium pricing strategies.
The average construction year in the neighborhood is newer than the subject’s 1976 vintage, suggesting investors should underwrite selective renovations and systems upgrades to maintain competitiveness and potentially capture value-add upside. Neighborhood-level NOI per unit trends run below national norms, signaling room for operational improvement for well-executed repositioning.
Comparable safety metrics for this specific neighborhood were not available in the current WDSuite dataset. Investors typically benchmark property- and neighborhood-level safety using city and metro comparisons and corroborate with recent local reports and owner/manager feedback to inform underwriting and retention assumptions.
Major regional employers within a commutable radius support a broad workforce tenant base and can reinforce leasing stability for workforce-oriented apartments. Highlighted below are nearby corporate offices that anchor employment in the Cincinnati region.
- Duke Energy — utilities (13.0 miles)
- Humana — health insurance (13.2 miles)
- Procter & Gamble — consumer goods (13.2 miles) — HQ
- Western & Southern Financial Group — insurance (13.3 miles) — HQ
- American Financial Group — insurance (13.3 miles) — HQ
Built in 1976, this 44-unit asset sits in a high-occupancy suburban neighborhood where renter demand is reinforced by convenience retail and regional employment access. Neighborhood occupancy trends are well above national norms, which can translate to steadier cash flow and reduced lease-up friction for well-positioned assets, based on CRE market data from WDSuite.
Within a 3-mile radius, recent population growth, a faster increase in households, and smaller average household sizes point to a larger tenant base over time. The neighborhood’s rent-to-income profile indicates manageable affordability pressure for typical renters, supporting retention, while home values are moderate by national standards, which may create some competition with ownership and suggests disciplined pricing and amenity strategy. Given the asset’s older vintage relative to nearby stock, targeted renovations and building systems upgrades present a clear path to maintain competitiveness and capture value-add upside.
- High neighborhood occupancy supports leasing stability and lower downtime
- Expanding 3-mile household base and smaller household sizes broaden the renter pool
- 1976 vintage offers value-add potential through targeted renovations and systems upgrades
- Practical amenity mix (strong grocery/pharmacy presence) aligns with workforce renter demand
- Risks: older building capex, limited lifestyle amenities, and some competition from ownership require disciplined underwriting