| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 56th | Best |
| Demographics | 66th | Good |
| Amenities | 56th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 5371 S Milford Rd, Milford, OH, 45150, US |
| Region / Metro | Milford |
| Year of Construction | 1977 |
| Units | 23 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
5371 S Milford Rd, Milford OH — 23-Unit Rental Investment
Neighborhood occupancy is strong with steady renter demand and access to daily needs, according to WDSuite’s CRE market data, positioning this asset for durable collections and lease retention.
Milford’s inner-suburban setting provides day-to-day convenience and tenant appeal. The neighborhood ranks 65th among 611 Cincinnati-area neighborhoods (A-rated), with amenity access that is competitive among Cincinnati neighborhoods. Cafes, restaurants, parks, and groceries score above national medians, and the average school rating is in the top quartile nationally, supporting family-oriented renter interest.
Occupancy at the neighborhood level is high and competitive among Cincinnati neighborhoods, a constructive backdrop for stabilization and renewals. Renter concentration is comparatively elevated within the metro, indicating a deeper tenant base for smaller buildings. Median contract rents in the neighborhood remain moderate relative to income levels, which can support retention while limiting abrupt rent increases.
Within a 3-mile radius, households have grown in recent years and are projected to expand further. Population is expected to increase through 2028 and average household size is trending lower, which typically supports multifamily demand through a larger pool of renter households and consistent leasing velocity.
The property’s 1977 vintage is slightly newer than the neighborhood’s average housing stock from 1970. Investors should plan for targeted capital improvements and systems updates, but the vintage can remain competitive versus older stock and may offer value-add potential via renovations and common-area upgrades.
Neighborhood-level crime metrics were not available from WDSuite for this location at the time of publication. Investors commonly benchmark local trends against metro and national patterns and supplement with on-the-ground diligence, property-level incident history, and municipal data to assess resident experience and potential insurance implications.
Proximity to regional corporate offices supports commuter convenience and a diversified renter pool, including employees at Kroger DCIC, Anthem Inc Mason Campus II, Prudential Financial, Humana, and Procter & Gamble Co.
- Kroger DCIC — grocery corporate facility (7.5 miles)
- Anthem Inc Mason Campus II — health insurance (10.1 miles)
- Prudential Financial — insurance (10.5 miles)
- Humana — healthcare insurance (11.4 miles)
- Procter & Gamble Co. — consumer goods corporate offices (11.5 miles)
5371 S Milford Rd offers a small-scale, 23-unit footprint in an A-rated Cincinnati submarket with strong neighborhood occupancy and solid school performance. Amenity access (parks, restaurants, groceries) sits above national medians, while rents remain moderate versus incomes, supporting retention and steady leasing. Based on CRE market data from WDSuite, renter concentration is comparatively high in the neighborhood, which can deepen the tenant base for smaller multifamily assets.
Built in 1977, the asset is slightly newer than the neighborhood’s typical housing stock and may benefit from selective renovations to drive rent premiums and reduce near-term maintenance risk. Within a 3-mile radius, households are growing and are projected to continue expanding through 2028, which supports occupancy stability and long-run demand. Balanced against these positives, relatively accessible home values in the area can create competition with ownership, suggesting a focus on finish quality and service to maintain pricing power.
- High neighborhood occupancy and elevated renter concentration support stable leasing
- Amenity-rich, A-rated neighborhood with strong schools and everyday convenience
- 1977 vintage offers value-add potential through targeted unit and common-area upgrades
- 3-mile household growth and smaller household sizes expand the renter pool over time
- Risk: relatively accessible ownership options may temper rent growth, requiring focus on retention and asset quality