| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 59th | Best |
| Demographics | 79th | Best |
| Amenities | 47th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 5599 Wolfpen Pleasant Hill Rd, Milford, OH, 45150, US |
| Region / Metro | Milford |
| Year of Construction | 1974 |
| Units | 26 |
| Transaction Date | 1987-12-01 |
| Transaction Price | $527,100 |
| Buyer | --- |
| Seller | --- |
5599 Wolfpen Pleasant Hill Rd Milford Multifamily Investment
Investor focus: a predominantly owner-occupied suburb with strong schools and high household incomes supports steady renter demand at the right price point, according to WDSuite’s CRE market data. This location favors durable occupancy but requires careful positioning given a smaller renter base.
Milford s suburban setting combines family-oriented fundamentals and high educational quality. School quality benchmarks are top quartile nationally, and the neighborhood performs competitively among Cincinnati neighborhoods (611 total) on broader demographic strength. These dynamics typically support retention and leasing stability for well-positioned multifamily assets.
Neighborhood occupancy metrics are very tight and have strengthened over the last five years; importantly, these occupancy figures reflect the neighborhood, not this specific property. Renter concentration is low relative to owners, indicating a smaller—but potentially stable—tenant base where professionally managed units can capture consistent demand from households prioritizing schools and commute convenience.
Within a 3-mile radius, population and households have been expanding, with projections indicating further gains and smaller average household sizes through 2028. This points to gradual renter pool expansion that can support occupancy stability and measured rent growth for appropriately sized units.
Amenity density is moderate to light, with everyday services like groceries and pharmacies present but fewer cafes and parks nearby. For investors, this suggests marketing around school access and suburban convenience rather than walkable retail. Home values sit in a high-cost ownership market for the region, which can reinforce renter reliance on multifamily housing while also requiring attention to affordability and lease management.
Comparable safety benchmarks at the block level are not published in WDSuite for this neighborhood at the time of analysis. Investors typically contextualize property-level loss runs and incident reports against Cincinnati metro trends and peer suburban submarkets.
Practical underwriting steps include reviewing recent police blotter trends, daylighting site lines and lighting plans, and aligning security measures with comparable assets. Use a like-for-like comparison set across nearby suburban neighborhoods to gauge whether observed trends align with broader regional patterns.
The area draws from a diversified employment base across grocery distribution, healthcare services, insurance, and consumer products supporting commuter convenience and broad renter demand reflected in nearby corporate campuses listed below.
- Kroger DCIC distribution (9.5 miles)
- Anthem Inc Mason Campus II insurance (9.9 miles)
- Prudential Financial financial services (12.5 miles)
- Humana Pharmacy Solutions healthcare services (14.0 miles)
- Procter & Gamble Co. consumer products offices (14.5 miles)
Built in 1974, this 26-unit asset offers potential value-add and capital planning opportunities versus newer nearby stock, while neighborhood fundamentals favor steady operations. Tight neighborhood occupancy and high-performing schools support leasing durability; however, the renter-occupied share is smaller than owner tenure, so positioning on finishes and rent levels is critical to capture demand. Based on CRE market data from WDSuite, incomes in the area are elevated, which can sustain pricing power when units are competitively updated.
Within a 3-mile radius, population and households are growing and are projected to increase further by 2028, alongside a shift toward smaller household sizes a setup that can expand the renter pool and support occupancy stability. Ownership costs are comparatively high for the region, helping sustain reliance on quality rental options, though investors should account for competition from attainable homeownership and the lighter nearby amenity mix.
- Tight neighborhood occupancy and top-tier schools support retention
- 1974 vintage positions the asset for targeted value-add and systems upgrades
- 3-mile population and household growth indicate a larger tenant base ahead
- Elevated area incomes can sustain rents when units are competitively finished
- Risks: smaller renter concentration and lighter amenity density require precise pricing and marketing