| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 56th | Best |
| Demographics | 66th | Good |
| Amenities | 56th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 828 Lila Ave, Milford, OH, 45150, US |
| Region / Metro | Milford |
| Year of Construction | 1979 |
| Units | 60 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
828 Lila Ave Milford, OH Multifamily Investment
Neighborhood fundamentals point to steady renter demand and high occupancy stability, according to WDSuite’s CRE market data. Renter-occupied share is competitive within the Cincinnati metro and sits in the top quartile nationally, supporting consistent leasing for a 60-unit asset.
The property sits in an Inner Suburb of the Cincinnati, OH-KY-IN metro with an A-rated neighborhood profile (ranked 65 out of 611 metro neighborhoods). This places it well above the metro median and signals broadly favorable conditions for multifamily performance rather than a niche location play.
Local livability drivers are strong for day-to-day convenience. Cafes and parks rank competitively among 611 metro neighborhoods (both near the top 40), and grocery access is above the metro median. Restaurant density is also solid. By contrast, pharmacy and childcare availability in the immediate area rank low within the metro, which may require residents to travel slightly farther for those services.
Schools are a relative strength: the neighborhood’s average school rating is near the top quartile among Cincinnati neighborhoods and in the higher national percentiles. For investors, better-rated schools often correlate with deeper family renter pools and improved retention.
Multifamily dynamics appear supportive. Neighborhood occupancy is elevated and has trended higher over the last five years, which typically underpins cash flow stability. Median contract rents in the neighborhood sit below national medians, indicating a value position relative to many U.S. submarkets, while rent-to-income levels suggest some affordability pressure that calls for disciplined renewal management rather than aggressive pushes.
Demographic statistics aggregated within a 3-mile radius show population and households have grown in recent years, with further household expansion projected alongside smaller average household sizes. This points to a gradually expanding renter pool and sustained demand for apartment units, particularly smaller formats suitable for singles and downsizing households.
Vintage context matters: the neighborhood’s average housing stock dates to around 1970. With a 1979 construction year, this asset is somewhat newer than nearby stock but still a late-1970s vintage, suggesting ongoing capital planning for systems and common-area updates while offering practical value-add opportunities to differentiate from older properties.
Comparable neighborhood-level crime metrics are not available in WDSuite for this location, so no specific safety ranking is shown. Investors typically benchmark the neighborhood against Cincinnati metro trends and review publicly available city and county data for additional context.
As with any acquisition, consider time-of-day site visits and discussions with local property managers to understand practical safety patterns, tenant expectations, and any measures that support resident retention.
Proximity to established corporate offices supports commute convenience and a diverse renter base, led by logistics, healthcare, and consumer goods employers including Kroger DCIC, Anthem, Prudential Financial, Procter & Gamble Co., and Humana.
- Kroger DCIC — distribution & corporate operations (7.4 miles)
- Anthem Inc Mason Campus II — healthcare insurance (9.3 miles)
- Prudential Financial — financial services (10.5 miles)
- Procter & Gamble Co. — consumer goods offices (12.0 miles)
- Humana — healthcare services (12.2 miles)
828 Lila Ave offers a 60-unit, late-1970s multifamily asset positioned in an A-rated Cincinnati Inner Suburb where neighborhood occupancy is high and renter concentration is competitive metro-wide. Based on CRE market data from WDSuite, local amenities and school quality compare favorably to most Cincinnati neighborhoods, helping sustain tenant demand and retention.
The 1979 vintage suggests a practical value-add path focused on modernization and selective system upgrades to stand out versus older nearby stock. Within a 3-mile radius, population and households have expanded with further household growth projected and smaller average household sizes, pointing to gradual renter pool expansion. Affordability remains a watch item: rent-to-income readings imply careful renewal strategy and expense control to balance pricing power with retention.
- A-rated neighborhood, competitive within 611 Cincinnati metro neighborhoods, supporting durable leasing
- High neighborhood occupancy and solid amenities/schools reinforce demand stability
- 1979 vintage with clear value-add and modernization potential versus older local stock
- 3-mile demographics indicate a growing, diversifying renter pool and support for smaller-unit demand
- Risks: affordability pressure (rent-to-income) and ongoing capex needs typical of late-1970s construction