| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 56th | Best |
| Demographics | 66th | Good |
| Amenities | 56th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 2 Chateau Pl, Milford, OH, 45150, US |
| Region / Metro | Milford |
| Year of Construction | 1972 |
| Units | 96 |
| Transaction Date | 2009-01-01 |
| Transaction Price | $3,425,000 |
| Buyer | Lila Chateau |
| Seller | RL Visions 1 Ltd et al |
2 Chateau Pl, Milford OH Multifamily Investment
Neighborhood fundamentals point to durable renter demand and high occupancy, according to WDSuite's CRE market data. Expect steady performance supported by a competitive Cincinnati inner-suburb location and a sizable renter-occupied housing base.
This A-rated Inner Suburb within the Cincinnati metro ranks 65 out of 611 neighborhoods, placing it in the top quartile locally. Amenity access is a differentiator: restaurants and cafes score in the upper national percentiles, with parks similarly strong, supporting day-to-day livability that helps retain tenants.
Occupancy in the neighborhood is 97.4% and sits in the 86th percentile nationally, competitive among Cincinnati neighborhoods (rank 171 of 611). For investors, this points to resilient lease-up and low downtime risk when paired with thoughtful renewal strategies.
Schools are an advantage for family renters: the average school rating is 4.0 (rank 43 of 611; top quartile nationally). The share of housing units that are renter-occupied is elevated at 58.3%, indicating a deep tenant base supportive of multifamily absorption and renewals.
Within a 3-mile radius, population and households have expanded over the last five years, with additional household growth projected, signaling a larger renter pool over time. Median home values are comparatively accessible for the region, yet the value-to-income ratio trends higher than many U.S. neighborhoods, which can sustain reliance on multifamily housing and support pricing power while still requiring attentive lease management.
Rent levels in the neighborhood have risen in recent years, and median contract rent within 3 miles is supported by WDSuite's commercial real estate analysis, reinforcing demand depth. Operators should balance renewal growth with retention, as rent-to-income dynamics vary by subsegment.
Comparable crime data for this neighborhood is limited in the current WDSuite release. Investors typically benchmark neighborhood safety against metro and national readings when updated data is available, and incorporate on-the-ground observations and property-level security measures into underwriting.
Given the inner-suburban context and strong occupancy, operators often focus on practical risk controls such as lighting, access controls, and resident screening, aligning safety investments with expected retention and rent rolls rather than relying solely on citywide averages.
Proximity to established corporate campuses underpins commuter convenience and supports renter retention. Nearby employers include Kroger DCIC, Anthem, Prudential Financial, Procter & Gamble Co., and Humana Pharmacy Solutions.
- Kroger DCIC — corporate offices (6.9 miles)
- Anthem Inc Mason Campus II — corporate offices (9.0 miles)
- Prudential Financial — corporate offices (10.0 miles)
- Procter & Gamble Co. — corporate offices (11.6 miles)
- Humana Pharmacy Solutions — corporate offices (11.8 miles)
The property benefits from a high-occupancy neighborhood that is competitive within the Cincinnati metro and in the top quartile nationally, reinforcing expectations for stable rent rolls and limited downtime. Amenity access and school quality support retention, while a sizable share of renter-occupied housing units indicates depth in the tenant base. Based on CRE market data from WDSuite, recent rent momentum and neighborhood livability trends align with sustained multifamily demand.
Within a 3-mile radius, population and households have grown, with additional household gains projected, suggesting a larger renter pool over time. Operators should monitor affordability pressure—rent-to-income around 0.31—and tailor renewal strategies accordingly; at the same time, ownership costs relative to income trend higher than many U.S. neighborhoods, which can support multifamily pricing power. Key risks include limited safety data in the current release and potential variability between immediate-neighborhood and broader 3-mile growth trends.
- Top-quartile national occupancy and competitive metro rank support stable cash flows
- Strong amenities and school ratings bolster leasing velocity and renewals
- Expanding 3-mile household base points to a growing renter pool
- Ownership costs relative to income can reinforce pricing power for quality assets
- Risks: limited safety data; manage rent-to-income to sustain retention