| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 70th | Best |
| Demographics | 68th | Best |
| Amenities | 54th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 5860 Highview Dr, Milford, OH, 45150, US |
| Region / Metro | Milford |
| Year of Construction | 1972 |
| Units | 35 |
| Transaction Date | 2018-01-12 |
| Transaction Price | $1,700,000 |
| Buyer | HIGHVIEW APARTMENTS LLC |
| Seller | CLERMONT METROPOLITAN HOUSING AUTHORITY |
5860 Highview Dr, Milford OH Multifamily Value-Add
Neighborhood occupancy at 96.6% supports stable leasing dynamics and a steady tenant base, according to WDSuite s CRE market data, with local renter concentration providing depth for a 35-unit asset.
This inner-suburb location in the Cincinnati, OH-KY-IN metro scores an A neighborhood rating and ranks 39 out of 611 metro neighborhoods, indicating it is competitive among Cincinnati neighborhoods for overall livability and renter demand. Neighborhood occupancy is strong (96.6%), and median contract rent is $1,151, suggesting balanced pricing power with room for management-driven optimization rather than dependence on outsized market growth.
Amenity access is mixed: restaurants (rank 107/611) and cafes (rank 60/611) are competitive among Cincinnati neighborhoods and place the area around the top quartile nationally for café density, while pharmacies score even stronger (rank 43/611; high national percentile). However, grocery and childcare options register low at the neighborhood level (both ranked 611/611), so residents likely rely on nearby districts for those needs. These dynamics can support everyday convenience for tenants while keeping expectations realistic around walkable essentials.
Schools average 3.3 out of 5 (rank 95/611), competitive among Cincinnati neighborhoods and roughly top quartile nationally, which can aid retention for family renters. The neighborhood’s median household income sits near the metro middle, and the rent-to-income ratio of 0.09 (high national percentile) points to manageable rent levels from an investor perspective, which can support lease stability and limit turnover-related costs.
Within a 3-mile radius, demographics show recent population growth with a further increase projected over the next five years, alongside a notable rise in household counts and smaller average household sizes. This combination expands the potential renter pool and supports occupancy, even as the broader 3-mile area remains owner-leaning; at the immediate neighborhood level, a 46.3% share of renter-occupied units indicates a deeper tenant base than the surrounding radius, reinforcing multifamily demand.
Comparable safety data for this neighborhood is not available in the provided dataset. Investors typically benchmark local conditions against city and county trend reports and confirm with property-level history and insurance quotes to gauge how safety considerations may affect retention and operating expenses.
Proximity to major employers supports commuter demand and leasing durability, with regional anchors in healthcare, insurance, consumer goods, and metals located within commuting distance.
- Anthem Inc Mason Campus II — health insurance (8.7 miles)
- Kroger DCIC — grocery retail offices (8.7 miles)
- Prudential Financial — financial services (11.7 miles)
- Humana Pharmacy Solutions — healthcare services (13.0 miles)
- AK Steel Holding — metals & manufacturing (13.7 miles) — HQ
- Procter & Gamble Co. — consumer goods offices (14.1 miles)
- Humana — health insurance (14.7 miles)
- Procter & Gamble — consumer goods (15.4 miles) — HQ
- Western & Southern Financial Group — financial services (15.5 miles) — HQ
- HP — technology offices (15.5 miles)
Built in 1972, this 35-unit property offers classic value-add potential relative to a neighborhood where the average construction year skews newer (1994). Strong neighborhood occupancy at 96.6% and a renter-occupied share near half the local housing stock provide a solid demand backdrop, while a low rent-to-income ratio suggests room for calibrated revenue management without overextending affordability. According to CRE market data from WDSuite, amenity density is favorable for dining and daily needs like pharmacies, with fewer groceries and childcare options nearby—factors to consider in positioning and resident services.
Within a 3-mile radius, recent population growth, a projected increase in households, and declining household sizes together point to a larger tenant base over time, supporting occupancy stability. The surrounding area’s owner-leaning tenure mix can help anchor longer-term neighborhood stability, while the immediate neighborhood’s higher renter concentration deepens the pool of prospective tenants for multifamily operators.
- Solid neighborhood fundamentals: high occupancy and competitive ranking within the Cincinnati metro
- Vintage 1972 asset with value-add and capital planning opportunities versus newer nearby stock
- Manageable rent-to-income dynamics that support pricing discipline and lease retention
- 3-mile growth in households and smaller household sizes expand the prospective renter base
- Risks: older systems may require capex; limited neighborhood grocery/childcare access may affect certain renter segments