| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 45th | Fair |
| Demographics | 66th | Good |
| Amenities | 29th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1451 Trenton Ct, Milford, OH, 45150, US |
| Region / Metro | Milford |
| Year of Construction | 1978 |
| Units | 48 |
| Transaction Date | 2005-09-29 |
| Transaction Price | $1,800,000 |
| Buyer | BURTON JOSEPH K |
| Seller | LYONS JUDITH S |
1451 Trenton Ct Milford Multifamily Value-Add Potential
Neighborhood occupancy is steady and incomes are strong, supporting tenant retention potential according to WDSuite’s CRE market data, while the 1978 vintage suggests room for selective renovations to enhance competitiveness.
Milford’s suburban setting provides day-to-day convenience more than lifestyle flair: grocery and pharmacy access track above national medians, while cafes and parks are limited in the immediate neighborhood. Public school quality rates in the top quartile nationally, an attribute that can support family-oriented renter stability and reduce turnover risk for larger units.
At the neighborhood level, occupancy is in the top quartile nationally, indicating healthy renter demand and supporting income durability relative to many U.S. submarkets, based on CRE market data from WDSuite. Median rents remain moderate relative to local incomes, which can ease affordability pressure and aid renewals rather than forcing frequent rent-driven churn.
Demographics aggregated within a 3-mile radius show recent population and household growth, with further household gains projected through 2028. This points to a larger tenant base and supports occupancy stability. However, the area’s renter concentration is modest (a minority of housing units are renter-occupied), so the depth of the multifamily pool is thinner than in urban cores, favoring well-located assets with practical amenities and efficient operations.
The property’s 1978 construction is older than much of the surrounding stock, which skews newer on average. Investors should plan for targeted capital projects and consider value-add upgrades to position against newer comparables while capturing demand from households prioritizing quality schools and commute convenience.
Comparable crime metrics for this neighborhood are not available in WDSuite’s dataset. Investors typically benchmark safety using city and county reports and evaluate multi-year trend lines relative to the broader Cincinnati metro. As with most suburban locations, conditions can vary by corridor and over time, so underwriting should incorporate local law enforcement data and property-level security measures rather than block-level assumptions.
Nearby corporate offices provide a diversified white-collar employment base that supports renter demand and commute convenience, including Anthem, Kroger, Prudential, Humana Pharmacy Solutions, and AK Steel.
- Anthem Inc Mason Campus II — insurance operations (10.3 miles)
- Kroger DCIC — retail & corporate offices (10.8 miles)
- Prudential Financial — financial services (13.8 miles)
- Humana Pharmacy Solutions — healthcare & pharmacy services (15.1 miles)
- AK Steel Holding — steel manufacturing offices (15.7 miles) — HQ
This 48-unit asset at 1451 Trenton Ct offers a straightforward value-add path: a 1978 vintage positions the property for renovations that can improve curb appeal, interiors, and building systems to compete against newer suburban stock. At the neighborhood level, occupancy trends sit in the top quartile nationally, pointing to durable renter demand and supporting income stability, according to CRE market data from WDSuite. Within a 3-mile radius, recent population and household growth signals a gradually expanding renter pool, while moderate rents relative to incomes can aid renewals and limit turnover.
Counterbalancing strengths, the area’s modest renter concentration and relatively accessible homeownership can create competition for higher-income households. In addition, amenity-light surroundings place more importance on property-level features and management execution. Underwriting should budget for capital planning tied to the asset’s age and focus on operational efficiency to sustain occupancy and pricing power.
- Stable neighborhood occupancy supports income durability versus many U.S. areas
- 1978 vintage offers clear value-add and systems-upgrade opportunities
- 3-mile population and household growth expands the tenant base and supports leasing
- Moderate rents relative to incomes can strengthen retention and reduce turnover
- Risks: amenity-light setting, modest renter concentration, and ownership competition require focused operations and CapEx discipline