| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 51st | Good |
| Demographics | 75th | Best |
| Amenities | 30th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 50 Concord Woods Dr, Milford, OH, 45150, US |
| Region / Metro | Milford |
| Year of Construction | 1974 |
| Units | 105 |
| Transaction Date | 2004-04-30 |
| Transaction Price | $2,825,000 |
| Buyer | CONCORD WOODS APARTMENTS LLC |
| Seller | CONCORD WOODS PARTNERSHIP |
50 Concord Woods Dr, Milford OH Multifamily Investment
Neighborhood occupancy remains strong and resilient, supporting stable tenancy, according to WDSuite’s CRE market data. With steady renter demand and limited new competitive stock nearby, this location favors consistent cash flow over cycle timing.
Milford’s suburban setting offers everyday convenience with a mix of parks and groceries nearby. Amenity access ranks 239th out of 611 Cincinnati metro neighborhoods, competitive among local peers, while national amenity density sits around the lower third — an indicator that residents prioritize neighborhood services and commutes over destination retail. Park access trends above the national midpoint and grocery presence is modestly above average, a practical backdrop for workforce renters.
The neighborhood’s occupancy rate is 98.1% (top decile nationally) and ranks 138th of 611 locally, placing it in the top quartile among Cincinnati neighborhoods. For investors, that translates to durable lease-up and retention conditions rather than heavy concessions. Neighborhood median contract rents sit near the national midpoint, implying room to compete on value without over-reliance on discounting.
Construction year averages in the area skew to 1989, while the subject property was built in 1974. The older vintage points to potential capital planning and value-add opportunities — especially in unit interiors and building systems — to differentiate against somewhat newer local stock.
Within a 3-mile radius, demographics show population and household growth over the past five years, with additional gains in households projected. A renter-occupied share of about 31% indicates a meaningful base of rental households, and ongoing population growth supports a larger tenant pool over time. Elevated local household incomes (well above national medians) and a low rent-to-income burden in the neighborhood suggest retention advantages and lower turnover risk, though they may also temper near-term pricing power.
Home values in the neighborhood trend above national medians, while value-to-income ratios are comparatively accessible for ownership by national standards. For multifamily investors, that mix means consistent rental demand from households prioritizing flexibility, with some incremental competition from entry-level ownership that should be managed through positioning and service quality.
Comparable neighborhood safety metrics are not available in the current WDSuite dataset for this location. Investors typically benchmark crime trends against metro and national indices when data is accessible and supplement with local due diligence (public reports and property-level history) to inform risk management.
Nearby corporate offices provide a diversified employment base that supports renter demand and commute convenience for residents, including roles in retail operations, insurance, financial services, healthcare services, and consumer products.
- Kroger DCIC — retail operations (7.3 miles)
- Anthem Inc Mason Campus II — insurance (8.7 miles)
- Prudential Financial — financial services (10.4 miles)
- Humana Pharmacy Solutions — healthcare services (12.0 miles)
- Procter & Gamble Co. — consumer products (12.3 miles)
This 105-unit 1974-vintage asset sits in a Cincinnati-area neighborhood with top-quartile local occupancy and top-decile national occupancy performance, supporting stable leasing and retention. According to CRE market data from WDSuite, neighborhood rents track near the national midpoint while local incomes skew higher, reinforcing a low rent-to-income burden that can aid renewals even as pricing remains disciplined.
Being older than the area’s average construction vintage, the property offers clear value-add and capital planning angles to compete against newer stock. Within a 3-mile radius, recent and projected increases in households point to a gradually expanding renter pool; positioning and operational execution should capture this demand while monitoring modest competition from comparatively accessible homeownership.
- Strong neighborhood occupancy supports stable tenancy and lowers concession risk.
- 1974 vintage presents value-add upside via interior upgrades and systems modernization.
- Higher local incomes and low rent-to-income burden favor retention and steady collections.
- Expanding households within 3 miles signal a larger renter base over the medium term.
- Risk: Accessible ownership options may compete for some renters; focus on service and unit quality to differentiate.