| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 59th | Best |
| Demographics | 79th | Best |
| Amenities | 47th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 14 Meadow Dr, Milford, OH, 45150, US |
| Region / Metro | Milford |
| Year of Construction | 1973 |
| Units | 72 |
| Transaction Date | 2003-12-08 |
| Transaction Price | $140,000 |
| Buyer | DAY HEIGHTS MEADOWS LTD |
| Seller | GOLD DAVID |
14 Meadow Dr Milford Multifamily Value-Add Opportunity
Neighborhood occupancy ranks among the strongest in the Cincinnati metro, supporting stable leasing conditions according to CRE market data from WDSuite. With limited multifamily presence nearby, positioning and renovations can target demand from households seeking convenience within Milford.
Milford’s suburban setting offers daily needs access with a moderate mix of groceries and pharmacies, while cafes and parks are thinner nearby — typical of car-oriented submarkets. Public schools are a standout, ranking first among 611 Cincinnati metro neighborhoods and placing in the top tier nationally, which can bolster family-driven renter retention and longer tenancy patterns.
The property was built in 1973, while the neighborhood’s average construction year trends newer (2001). Older vintage creates clear value-add angles — common-area refreshes, unit interiors, and systems planning — to compete effectively against newer stock, while still budgeting for ongoing capital items.
Within a 3-mile radius, population has grown in recent years with forecasts calling for further gains by 2028, and households are set to expand at a faster clip alongside smaller average household sizes. For investors, that points to a larger tenant base and sustained absorption potential for well-managed properties.
Ownership costs in the neighborhood are relatively elevated for the region, and incomes index high versus national norms. This combination often sustains rental demand in desirable school zones, though the area’s renter-occupied share is lower than many urban submarkets — implying both limited competing supply and a smaller renter pool to capture.
Comparable neighborhood-level crime metrics are not available in the current WDSuite release for this location. Investors typically benchmark safety using city and county public sources and assess property-level measures (lighting, access control, and visibility) to support resident comfort and lease retention over time.
The employment base within commuting range is diversified across healthcare, consumer goods, financial services, and industrials, supporting renter demand and retention for workforce and professional households. Nearby anchors include Anthem, Kroger corporate operations, Prudential, Humana, and AK Steel.
- Anthem Inc Mason Campus II — healthcare & insurance (10.5 miles)
- Kroger DCIC — grocery retail corporate (10.8 miles)
- Prudential Financial — financial services (13.9 miles)
- Humana Pharmacy Solutions — healthcare & insurance (15.1 miles)
- AK Steel Holding — steel & industrial (15.8 miles) — HQ
14 Meadow Dr combines a strong suburban school district and metro-leading occupancy with limited nearby multifamily, pointing to resilient demand for renovated product. Built in 1973, the asset presents value-add potential through targeted unit and building upgrades to compete against newer neighborhood stock, while capital planning should account for aging systems. According to CRE market data from WDSuite, neighborhood fundamentals compare favorably within the Cincinnati metro for family-oriented renters.
Within a 3-mile radius, population growth, a notable increase in households, and rising incomes expand the tenant base and support occupancy stability. Elevated home values relative to incomes can sustain reliance on rentals in desirable areas, though the area’s lower renter concentration means leasing success hinges on quality, management, and product differentiation.
- Metro-leading occupancy and top-ranked schools support durable demand
- 1973 vintage offers clear value-add and modernization pathways
- Expanding 3-mile household base and higher incomes bolster leasing and retention
- Limited nearby multifamily supply may aid pricing power for renovated units
- Risks: smaller renter pool and capex for older systems require active management