| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 52nd | Good |
| Demographics | 62nd | Good |
| Amenities | 20th | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 4593 Summerside Rd, Cincinnati, OH, 45244, US |
| Region / Metro | Cincinnati |
| Year of Construction | 1978 |
| Units | 83 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
4593 Summerside Rd Cincinnati Multifamily Investment
Neighborhood-level occupancy is exceptionally tight, supporting stable income potential for an 83-unit 1978 asset, according to WDSuite’s CRE market data. Metrics cited below reflect neighborhood conditions rather than the property itself.
Positioned in an Inner Suburb of the Cincinnati, OH-KY-IN metro, the area around 4593 Summerside Rd shows strong renter demand signals at the neighborhood level, with occupancy ranked 1 out of 611 metro neighborhoods (top of the market) and in the highest national percentile. This suggests historically durable leasing conditions for comparable assets in the immediate area, though these figures describe neighborhood occupancy, not the property.
Livability skews car-oriented: amenity density ranks 331 of 611 locally and sits in the 20th percentile nationally, with very limited grocery, park, and pharmacy counts per square mile. An exception is childcare access, which ranks 127 of 611 (competitive among Cincinnati neighborhoods). Restaurant density is about mid-pack in the metro. For investors, limited walkable retail may require positioning around convenience, parking, and in-unit features rather than lifestyle retail.
Tenure data indicates a renter-occupied share of 32.4% at the neighborhood level, pointing to a mixed-tenure area with a defined renter base. Median contract rent is reported at $892 with roughly 5-year growth above 30%, while the rent-to-income ratio near 0.16 suggests manageable affordability that can aid retention and reduce turnover risk. Home values are moderate for the region, which may introduce some competition from ownership but can also support steady demand for well-managed multifamily.
Within a 3-mile radius, households increased about 5% over the past five years and are projected to expand meaningfully alongside smaller average household sizes. Forecasts through 2028 indicate population growth and a notable increase in households, which can expand the tenant base and support occupancy stability. Median contract rent in the 3-mile radius is projected to rise, reinforcing the case for consistent renter demand when paired with thoughtful lease management.
Comparable safety context is important for underwriting, but metro-ranked crime data for this specific neighborhood is not available in WDSuite at this time. Investors often benchmark against broader Cincinnati or Clermont County trends and supplement with on-the-ground diligence to evaluate resident retention and leasing stability.
Regional employment is anchored by large corporate offices within roughly 10–12 miles, supporting commute convenience and a diversified tenant base focused on consumer goods, insurance, finance, and healthcare.
- Kroger DCIC — corporate offices (10.7 miles)
- Humana — healthcare insurance (11.3 miles)
- Procter & Gamble — consumer goods (11.6 miles) — HQ
- Western & Southern Financial Group — insurance & financial services (11.7 miles) — HQ
- American Financial Group — insurance & financial services (11.7 miles) — HQ
This 83-unit property, built in 1978, sits in a neighborhood that ranks first for occupancy among 611 Cincinnati metro neighborhoods and in the highest national percentile, indicating historically firm leasing conditions. The vintage points to potential capital planning and value-add opportunities that can enhance competitiveness against younger stock, while neighborhood rent-to-income levels near 0.16 support retention and steady collections, based on CRE market data from WDSuite.
The surrounding area shows a mixed-tenure profile (about one-third renter-occupied at the neighborhood level) and car-oriented amenity patterns, which favor properties that deliver convenience, parking, and in-unit functionality. Within a 3-mile radius, forward-looking projections indicate population growth and a sizable increase in households alongside smaller household sizes—dynamics that can expand the renter pool and sustain occupancy and pricing power with disciplined leasing and renewal strategies. Moderate ownership costs may introduce some competition with single-family alternatives, but can also foster demand for professionally managed, well-located multifamily.
- Neighborhood occupancy leadership (ranked 1 of 611) supports income stability
- 1978 vintage offers clear value-add and system modernization levers
- 3-mile radius shows projected population and household growth, expanding the tenant base
- Manageable rent-to-income profile underpins resident retention and renewal potential
- Risks: older systems/capex needs and amenity-light, car-oriented location; owner-leaning area may compete with homeownership