| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 56th | Best |
| Demographics | 66th | Good |
| Amenities | 56th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 308 Valley Brook Dr, Milford, OH, 45150, US |
| Region / Metro | Milford |
| Year of Construction | 1973 |
| Units | 108 |
| Transaction Date | 2004-05-01 |
| Transaction Price | $3,600,000 |
| Buyer | Polar Bear Ventures, LLC |
| Seller | Valleybrook Associates, LLC |
308 Valley Brook Dr Milford Multifamily Investment
Neighborhood fundamentals point to durable renter demand and high occupancy, according to WDSuite’s CRE market data. The property’s scale positions it to capture stability from a renter-heavy area while pursuing targeted operational upside.
Milford’s inner-suburban setting offers a balanced mix of livability and demand drivers for a 108-unit asset. The neighborhood carries an A rating and ranks 65 out of 611 metro neighborhoods, placing it in the top quartile locally. Occupancy in the neighborhood is strong relative to national norms (upper-tier nationally), supporting income stability and reducing downtime risk for comparable multifamily assets.
Amenity access is a clear strength. Restaurant density ranks 67th of 611 (top quartile locally) and cafés rank 32nd of 611 (top quartile), while parks rank 33rd of 611 (top quartile). Grocery options are also competitive among Cincinnati neighborhoods. Average school ratings in the area are strong—ranked 43rd of 611 and in the 84th percentile nationally—supporting family-oriented renter retention.
Renter-occupied share in the neighborhood is elevated versus national patterns (upper 90s percentile nationally), indicating a deep tenant base and consistent leasing velocity for multifamily communities. At the same time, median home values in the area sit below most U.S. neighborhoods, which can introduce some competition from ownership; however, smaller household sizes and the amenity set generally sustain reliance on rental housing. Median asking rents in the neighborhood trend below national medians, which can aid leasing but requires disciplined revenue management to protect pricing power.
Within a 3-mile radius, demographics show population and household growth over the last five years, with forecasts pointing to additional household gains and smaller average household size. These trends imply a larger tenant base and demand for smaller units—aligned with the property’s average unit size—supporting occupancy and renewal prospects. Built in 1973, the asset is slightly older than the neighborhood average (1970), suggesting practical capital planning and value-add opportunities focused on interiors, building systems, and common areas to remain competitive against newer stock.
Comparable investors typically benchmark public safety at the neighborhood level against metro and national trends to understand retention and pricing risk. For this location, WDSuite’s dataset does not include neighborhood crime rankings, so investors should corroborate recent trendlines using official local sources and consistent methodology over time to maintain an apples-to-apples view.
Nearby corporate offices provide a diverse employment base that supports renter demand through manageable commutes. The employers below reflect regional strengths in retail operations, healthcare, financial services, and consumer goods.
- Kroger DCIC — corporate offices (7.4 miles)
- Anthem Inc Mason Campus II — corporate offices (9.1 miles)
- Prudential Financial — financial services (10.5 miles)
- Humana Pharmacy Solutions — healthcare services (12.2 miles)
- Procter & Gamble Co. — consumer goods offices (12.2 miles)
The investment case centers on occupancy stability, renter demand depth, and operational upside through selective upgrades. Neighborhood performance is top quartile among 611 Cincinnati neighborhoods, with strong amenity access and school quality that support retention. According to CRE market data from WDSuite, the area maintains elevated occupancy and a high renter-occupied share, providing a wide tenant base for a 108-unit asset.
Demand tailwinds are reinforced by 3-mile demographic trends indicating recent population and household growth, with projections for additional household gains and smaller household sizes—factors that expand the renter pool and support lease-up and renewals. Built in 1973, the property may benefit from targeted value-add—interiors, systems, and curb appeal—to enhance competitiveness while keeping an eye on capital planning and cost control.
- High neighborhood occupancy and deep renter-occupied base support income durability
- Top-quartile local ranking with strong restaurant, café, park access and competitive schools aids retention
- 3-mile growth and smaller household sizes expand the tenant pool for mid-size units
- 1973 vintage offers value-add potential via unit renovations and systems upgrades
- Watchouts: relatively accessible ownership options may compete with renting; disciplined pricing and capex planning are key