| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 58th | Best |
| Demographics | 65th | Good |
| Amenities | 46th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 930 Ohio Pike, Cincinnati, OH, 45245, US |
| Region / Metro | Cincinnati |
| Year of Construction | 1977 |
| Units | 26 |
| Transaction Date | 1997-04-04 |
| Transaction Price | $965,000 |
| Buyer | MARKU PROPERTIES LLC |
| Seller | OSGOOD HARRY S |
930 Ohio Pike Cincinnati 26-Unit Multifamily with Renovation Upside
Neighborhood occupancy trends in the mid‑90% range and renter demand is supported by low rent-to-income levels, according to WDSuite’s CRE market data. The 1977 vintage suggests potential value‑add through targeted updates to remain competitive against newer nearby stock.
This suburban Cincinnati location ranks in the top quartile among 611 metro neighborhoods overall (A rating), pointing to balanced livability and steady renter appeal. Amenity access is competitive among Cincinnati neighborhoods, with cafes, groceries, and parks all ranking in the stronger cohort by metro comparison, while pharmacy and childcare options are relatively limited. School quality is middling by rating yet competitive by rank versus the metro, which can support retention for family‑oriented renters.
For investors focused on income durability, the neighborhood s occupancy stands above the metro median and sits well above the national median by percentile, suggesting stable leasing conditions when compared to broader U.S. trends based on CRE market data from WDSuite. Median asking rents benchmark near the national midpoint, which can aid leasing velocity without overreliance on concessions in typical cycles.
Tenure patterns indicate a renter-occupied share around the metro median, implying a moderate renter concentration and a sufficiently deep tenant base for small to mid‑scale multifamily assets. The area s rent-to-income ratio sits in a very strong national percentile, reinforcing lease retention and reducing near‑term affordability pressure from an operator perspective.
Within a 3‑mile radius, recent population growth has been positive and household counts have expanded, with forecasts calling for additional population gains and a notable increase in households by the 2028 horizon. Smaller average household size is also projected, which can translate into a larger renter pool and sustained demand for multifamily units, supporting occupancy stability through varying market conditions.
Home values sit in a mid‑range band for the region and the value‑to‑income ratio is relatively accessible, which can introduce some competition from ownership alternatives at certain price points. Even so, elevated incomes locally and the low rent-to-income profile tend to support pricing power and lease retention for well‑positioned properties.
Neighborhood‑level safety data suitable for direct comparison was not available in this dataset. Investors typically benchmark crime trends against metro averages and track multi‑year directionality when data becomes available, using it as one of several inputs into underwriting and asset management planning.
Proximity to Cincinnati s core employment base supports renter demand through commute convenience, led by major corporate offices and several headquarters including Procter & Gamble, Western & Southern Financial Group, American Financial Group, Fifth Third Bancorp, Macy s, and Kroger.
- Duke Energy corporate offices (12.8 miles)
- Humana corporate offices (12.9 miles)
- Procter & Gamble corporate offices (13.0 miles) HQ
- Western & Southern Financial Group corporate offices (13.0 miles) HQ
- American Financial Group corporate offices (13.1 miles) HQ
930 Ohio Pike offers a 26‑unit footprint in a suburban neighborhood that ranks in the top quartile among 611 Cincinnati metro neighborhoods, with occupancy performance above the metro median. According to CRE market data from WDSuite, local rent levels sit near national midpoints while rent-to-income metrics are notably favorable, a combination that supports leasing stability and measured pricing power. The 1977 construction is older than nearby average stock, creating clear value‑add pathways and underscoring the need for targeted capital planning to remain competitive against 2000s‑era assets.
Within a 3‑mile radius, recent population growth and a rise in household counts signal a growing renter pool, with forecasts pointing to further gains through 2028. While ownership remains relatively accessible in this part of the metro—introducing some competition at certain rent bands—the area s income profile and modest renter concentration still provide depth for multifamily demand, particularly for well‑managed, updated properties.
- Stable neighborhood fundamentals with above‑median occupancy versus the metro
- Favorable rent‑to‑income dynamics support retention and disciplined rent growth
- 1977 vintage presents value‑add and modernization potential to compete with newer stock
- 3‑mile radius shows population and household growth, expanding the renter base
- Risks: accessible ownership options and aging systems may pressure lease‑up and require capex