| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 53rd | Good |
| Demographics | 54th | Fair |
| Amenities | 47th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 500 Anchor Dr, Cincinnati, OH, 45255, US |
| Region / Metro | Cincinnati |
| Year of Construction | 1995 |
| Units | 66 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
500 Anchor Dr Cincinnati Multifamily Investment
Neighborhood fundamentals indicate durable renter demand and high occupancy, according to WDSuite’s CRE market data. These are neighborhood-level signals rather than property results, but they point to stable leasing dynamics for a 66-unit asset in an inner-suburban location.
This inner-suburban pocket of Cincinnati is rated A- and is competitive among Cincinnati neighborhoods (rank 153 of 611), signaling balanced livability and investment appeal for workforce and middle-income renters. Neighborhood occupancy trends sit in the top quartile nationally, supporting income stability at comparable multifamily properties.
Daily-needs access is a relative strength: grocery and pharmacy density track around the upper quartile nationally, while cafes and dedicated park acreage are limited. For investors, that combination tends to favor practical, drive-to convenience over pedestrian amenity clusters, which can still support resident retention when paired with adequate parking and straightforward commutes.
Renter-occupied housing accounts for an above-median share of neighborhood units, indicating a deep tenant base and consistent demand for professionally managed apartments. The local rent-to-income profile is favorable from an investor standpoint, suggesting less affordability pressure and potentially steadier renewals versus costlier submarkets.
The average neighborhood construction year is 1990, while the subject property’s 1995 vintage positions it slightly newer than nearby stock. That typically helps competitive standing versus older assets, though investors should plan for mid-life system updates and selective renovations to sustain pricing power over the hold.
Within a 3-mile radius, households have grown even as population edged down modestly in recent years, pointing to smaller household sizes and a gradual shift toward more households per population. Projections through 2028 indicate growth in both population and households, which can expand the renter pool and support occupancy stability and rent growth at well-managed assets.
Comparable neighborhood crime benchmarks are not available from WDSuite for this specific location. Investors typically contextualize safety by reviewing city and submarket reports, walking the area at different times, and coordinating with property management to understand incident trends and any mitigation measures.
Proximity to major regional employers supports commuter convenience and a diversified renter pipeline, including energy, insurance, consumer goods, and financial services—each listed below by approximate distance.
- Duke Energy — energy utility (10.9 miles)
- Humana — health insurance (11.0 miles)
- Procter & Gamble — consumer goods (11.1 miles) — HQ
- Western & Southern Financial Group — financial services (11.1 miles) — HQ
- American Financial Group — insurance (11.2 miles) — HQ
500 Anchor Dr offers investors exposure to a competitive inner-suburban Cincinnati location where neighborhood occupancy trends rank among the strongest nationally and the renter-occupied share is above the metro median. Based on CRE market data from WDSuite, the local rent-to-income profile points to manageable affordability pressure, which tends to support renewals and income durability relative to higher-cost submarkets.
Built in 1995, the property is modestly newer than the neighborhood average. That positioning can help leasing and maintenance comparables versus older stock, while still leaving room for targeted value-add—modernizing interiors, addressing mid-life building systems, and refining common areas—to enhance competitiveness as nearby households and incomes trend upward within a 3-mile radius. Forward-looking demographic projections show increases in both population and household counts, which can expand the tenant base and reinforce occupancy stability.
- High neighborhood occupancy and above-median renter concentration support demand depth and income stability
- Favorable rent-to-income profile suggests lower retention risk and steadier renewals
- 1995 vintage offers competitive positioning with potential value-add through system updates and interior upgrades
- 3-mile demographic outlook indicates growth in households, expanding the renter pool and supporting lease-up
- Risk: limited nearby café/park density and mid-life capital needs require proactive asset management and amenity planning