| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 65th | Best |
| Demographics | 71st | Best |
| Amenities | 22nd | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 720 Ohio Pike, Cincinnati, OH, 45245, US |
| Region / Metro | Cincinnati |
| Year of Construction | 1984 |
| Units | 63 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
720 Ohio Pike, Cincinnati OH multifamily investment
Neighborhood occupancy is strong and steady at the area level, supporting cash flow durability according to WDSuite’s CRE market data. For investors, this points to consistent renter demand in an inner-suburban location without relying on speculative lease-up.
This B+ rated Inner Suburb ranks 167 out of 611 Cincinnati metro neighborhoods, making it competitive among Cincinnati, OH-KY-IN neighborhoods. Neighborhood occupancy trends are a standout: the area sits in the top quartile nationally, signaling tight availability that can support pricing discipline and lower downtime between turns.
Renter-occupied housing accounts for roughly two-fifths of units in the neighborhood (37.4% renter concentration), indicating a moderate tenant base for multifamily. Median contract rent in the neighborhood sits around the low-$1,000s with meaningful five-year growth, while the rent-to-income ratio near 0.12 suggests manageable affordability pressure, which can aid renewal rates and reduce turnover risk.
Local amenities are mixed. Cafes index well (around the 80th percentile nationally), but neighborhood boundaries show limited grocery, park, and pharmacy counts. Average school ratings trend below national norms (about 2.0 out of 5, roughly the 37th percentile), which investors should factor into marketing and retention strategies for family-oriented units.
Vintage also matters for competitiveness. The property’s 1984 construction compares to a neighborhood average build year closer to the mid-2000s. Older stock can require targeted capital planning for systems and interiors, but it also presents value-add potential to close the feature gap with newer comparables and capture rent premiums on renovated units.
Within a 3-mile radius, demographics point to a stable-to-expanding renter pool over the next cycle. While population edged down modestly in recent years, households increased and are projected to grow further as average household size declines. This pattern typically supports steady multifamily demand by creating more households relative to residents, which can underpin occupancy stability.
Neighborhood-level crime benchmarking is not available in this dataset for this location. Investors should rely on standard due diligence: review recent police and municipal reports, evaluate property-level incident history, and consider practical measures such as lighting, access control, and resident engagement to support retention and leasing.
Proximity to major Cincinnati employers supports commuter convenience and a diversified renter base, notably in energy, insurance, consumer goods, and financial services.
- Duke Energy — energy utility (12.0 miles)
- Humana — health insurance (12.0 miles)
- Procter & Gamble — consumer goods (12.1 miles) — HQ
- Western & Southern Financial Group — financial services (12.1 miles) — HQ
- American Financial Group — insurance (12.1 miles) — HQ
720 Ohio Pike offers 63 units in an inner-suburban Cincinnati location where neighborhood occupancy ranks in the top quartile nationally, pointing to durable demand and limited downtime. According to CRE market data from WDSuite, renter concentration is moderate, supporting a stable tenant base without over-reliance on transient demand. The property’s 1984 vintage is older than nearby stock, creating clear value-add angles through system upgrades and interior renovations to compete with mid-2000s product.
Within a 3-mile radius, households rose despite a slight population dip and are projected to expand further as average household size declines—conditions that typically broaden the renter pool and support occupancy stability. Ownership costs appear balanced for the region, so leasing strategy should emphasize renovated quality and convenience to retain residents who might consider ownership, while the neighborhood’s manageable rent-to-income levels help underpin renewals.
- Tight neighborhood occupancy supports pricing discipline and lower turnover-related downtime.
- 1984 vintage presents value-add potential via targeted interior and system upgrades.
- 3-mile household growth and shrinking household size expand the renter pool over time.
- Moderate renter concentration supports a stable tenant base and leasing continuity.
- Risks: below-average school ratings and limited neighborhood amenities may affect family appeal; competition from ownership options warrants a focus on renovation quality and resident experience.