| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 61st | Best |
| Demographics | 78th | Best |
| Amenities | 39th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 150 E Broadway St, Loveland, OH, 45140, US |
| Region / Metro | Loveland |
| Year of Construction | 1973 |
| Units | 24 |
| Transaction Date | 2008-08-01 |
| Transaction Price | $1,000,000 |
| Buyer | CLARION PARTNERS LLC |
| Seller | SUNDANCE PROPERTY MANAGEMENT INC |
150 E Broadway St Loveland Multifamily Investment
Renter demand is supported by high-income suburban fundamentals and competitive neighborhood occupancy, according to WDSuite’s CRE market data. Expect stable leasing with pricing set by a largely ownership-oriented area rather than heavy multifamily concentration.
Located in Loveland within the Cincinnati metro, the property sits in an A-rated suburban neighborhood that is competitive among Cincinnati neighborhoods (ranked 68 out of 611). Neighborhood occupancy is strong for the area and falls in the upper tiers nationally, helping underpin leasing stability for well-managed assets.
Vintage matters here: the property was built in 1973, while the neighborhood’s average construction year trends newer (1987). For investors, that age delta points to potential capital planning and value-add opportunities to modernize interiors, systems, and curb appeal, improving competitive positioning versus newer stock.
Livability is anchored by parks and family amenities, with neighborhood measures for parks and childcare ranking in higher national percentiles, while cafes and grocery stores are less dense locally. Median contract rents and incomes track above many U.S. areas; paired with a low rent-to-income profile, this supports retention and disciplined rent management rather than aggressive push strategies.
Tenure skews toward owners at the neighborhood level, indicating a modest share of renter-occupied units. That dynamic can limit renter depth but often delivers stable tenancy when product is well maintained. Within a 3-mile radius, recent population trends have been mixed, but forecasts point to growth in population and a notable increase in households alongside slightly smaller average household sizes—conditions that can expand the renter pool and support occupancy over time. Home values benchmark higher than many markets nationally, which reinforces sustained reliance on rental housing and can bolster pricing power for quality units.
Safety indicators compare favorably in a national context, with the neighborhood landing in the higher national percentiles. Recent trend data shows year-over-year declines in both violent and property offense estimates, according to WDSuite’s CRE market data. While investors should evaluate block-level patterns during diligence, the broader trajectory supports a stable operating outlook relative to many U.S. neighborhoods.
Proximity to established corporate nodes supports commuter convenience and leasing stability for workforce and professional tenants. Nearby employers span healthcare, insurance, retail services, and industrial, aligning with diverse white-collar and operations roles noted below.
- Anthem Inc Mason Campus II — healthcare services (3.9 miles)
- Kroger DCIC — retail & corporate services (7.5 miles)
- Prudential Financial — insurance (9.8 miles)
- Humana Pharmacy Solutions — healthcare services (10.0 miles)
- AK Steel Holding — industrial & corporate (10.2 miles) — HQ
This 24-unit, 1973-vintage asset benefits from a high-income suburban location where neighborhood occupancy trends competitive within the Cincinnati metro and in the upper tiers nationally. The area’s ownership tilt means the renter base is more selective but can exhibit strong retention when product quality and service are consistent. According to CRE market data from WDSuite, local rents and incomes indicate manageable rent-to-income levels, supporting steady operations with room for targeted renovations to lift positioning.
Forward-looking demographics aggregated within a 3-mile radius indicate growth in households and a slight downshift in household size, which can expand the pool of prospective renters. Coupled with elevated home values relative to many U.S. neighborhoods, the backdrop supports durable rental demand and measured pricing power for upgraded units. Investors should underwrite modernization and systems upgrades appropriate for a 1970s build to sharpen competitiveness against newer stock.
- Competitive neighborhood occupancy and high-income profile support stable leasing
- 1973 vintage offers value-add and capital planning pathways to enhance rents
- Household growth and smaller household sizes (3-mile radius) expand the renter pool
- Elevated ownership costs in the area reinforce reliance on quality rental options
- Risks: Ownership-heavy tenure can limit renter depth; older systems may require higher near-term capex