| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 51st | Good |
| Demographics | 75th | Best |
| Amenities | 30th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 675 Brooklyn Ave, Milford, OH, 45150, US |
| Region / Metro | Milford |
| Year of Construction | 1980 |
| Units | 65 |
| Transaction Date | 2017-10-30 |
| Transaction Price | $3,407,340 |
| Buyer | OAKWOOD PRESERVATION LIMITED PARTNERSHIP |
| Seller | DO YOU LIKE MOVIES ABOUT GLADIATORS LLC |
675 Brooklyn Ave Milford OH 65-Unit Apartment Investment
Neighborhood multifamily occupancy trends are strong and comparatively stable, according to WDSuite’s CRE market data, supporting consistent leasing in an owner-leaning pocket of the Cincinnati metro.
Milford sits within the Cincinnati, OH-KY-IN metro and this neighborhood is rated A- (ranked 137 of 611), placing it in the top quartile among metro neighborhoods. WDSuite’s CRE market data indicates neighborhood occupancy around the top decile nationally, which can bolster income stability for well-managed properties.
The area skews suburban with above-median household incomes within the neighborhood and strong 3-mile income profiles, expanding the prospective renter base for quality product. At the same time, the neighborhood’s renter-occupied share is relatively low, so demand is more concentrated but can be durable where properties offer convenience and professional management. Within a 3-mile radius, households have increased over the last five years and are projected to continue rising, supporting renter pool expansion and leasing resilience.
Local livability is balanced: grocery and park access sit modestly above national midlines, while on-the-block cafe and pharmacy density is limited. For investors, that mix points to everyday convenience without heavy retail saturation, with most daily needs reachable within short drives typical of suburban Cincinnati submarkets.
For positioning, the 1980 construction year is older than the neighborhood’s average vintage (late 1980s), suggesting potential value-add via interior updates and common-area improvements. Neighborhood median contract rents are near national midline, and rent-to-income ratios in the area remain low, which can support measured rent growth strategies while maintaining retention.
Comparable neighborhood crime metrics are not available in this dataset. Investors typically benchmark safety using city and metro trend comparisons and on-the-ground diligence rather than block-level assumptions. Use multiple sources and time horizons to assess operating risk and retention implications.
Proximity to established corporate offices underpins a diverse employment base and supports renter demand through commute convenience. Notable nearby employers include Kroger DCIC, Anthem, Prudential Financial, Humana Pharmacy Solutions, and AK Steel.
- Kroger DCIC — corporate offices (7.2 miles)
- Anthem Inc Mason Campus II — corporate offices (8.7 miles)
- Prudential Financial — corporate offices (10.3 miles)
- Humana Pharmacy Solutions — corporate offices (11.9 miles)
- AK Steel Holding — corporate offices (12.7 miles) — HQ
This 65-unit, 1980-vintage asset in Milford benefits from neighborhood occupancy levels that are competitive among Cincinnati neighborhoods and in the top decile nationally, supporting income stability for well-executed operations. Based on CRE market data from WDSuite, the immediate area shows strong household incomes and a growing 3-mile household count, which points to a larger tenant base over time. The older vintage versus the neighborhood’s late-1980s average suggests practical value-add potential through renovations and systems modernization.
Renter-occupied share is relatively low in the immediate neighborhood, indicating an owner-leaning context; however, the broader 3-mile area shows a meaningful renter presence and growth, helping sustain leasing depth. Home values are elevated relative to local incomes but remain more accessible than many coastal markets, so ownership can compete for some households; disciplined pricing, amenity upgrades, and professional management can help maintain retention while capturing measured rent increases supported by low rent-to-income ratios.
- High neighborhood occupancy and above-median metro standing support consistent cash flow potential.
- 1980 construction offers value-add and modernization levers versus the neighborhood’s newer average vintage.
- Strong 3-mile income profiles and household growth expand the tenant base and support leasing stability.
- Low rent-to-income ratios indicate room for measured rent growth while managing retention.
- Risks: owner-leaning immediate area and modest amenity density may require sharper positioning and targeted upgrades.