| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 37th | Poor |
| Demographics | 47th | Fair |
| Amenities | 46th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 104 River Valley Blvd, New Richmond, OH, 45157, US |
| Region / Metro | New Richmond |
| Year of Construction | 2005 |
| Units | 36 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
104 River Valley Blvd, New Richmond Multifamily Investment
Neighborhood occupancy trends and an ownership-leaning tenant base point to steady yet measured leasing performance, according to WDSuite s CRE market data. Proximity to major Cincinnati employers supports renter demand, while rents remain relatively manageable versus local incomes.
Rated B and positioned above the metro median among 611 Cincinnati neighborhoods, the area balances small-town living with access to regional employment centers. Restaurants are around the metro middle, while parks and pharmacies track slightly above national medians. Public school ratings sit above the national midpoint, which can aid family retention.
The property s 2005 vintage is newer than the neighborhood s older housing stock (average vintage skews pre-1950s), which can enhance competitive positioning versus legacy assets. Investors should still plan for mid-cycle system updates typical of 20-year-old buildings to protect NOI and leasing momentum.
Neighborhood multifamily occupancy sits just below national midpoints and has softened modestly over five years; investors should underwrite stable operations with limited near-term compression. Renter-occupied share is comparatively low at the neighborhood level, indicating a smaller renter pool; however, this ownership tilt often coincides with longer tenures and predictable turnover patterns that can support occupancy stability.
Within a 3-mile radius, recent years show population contraction but higher household incomes and a trend toward smaller household sizes. Forecasts indicate more households even as headcount declines, which can sustain demand for professionally managed units and smaller floor plans. Home values relative to incomes fall in a moderate band for the region, suggesting some competition from ownership options, while a low rent-to-income burden supports retention and measured pricing power.
Neighborhood safety benchmarks land near the national middle, with overall crime levels slightly better than nationwide averages. Within the Cincinnati metro, the area trends toward the higher-incident half of neighborhoods among a field of 611, so investors should plan routine safety-related OPEX and resident engagement measures typical for workforce submarkets.
Property-related incidents have eased notably year over year, a constructive directional signal, while violent offense measures sit below national medians. Taken together, trends suggest risk management remains important but not atypical for the region.
The employment base is anchored by large corporate offices in downtown Cincinnati, offering broad white-collar demand drivers and commute convenience for residents. Notable nearby employers include Duke Energy, Western & Southern Financial Group, American Financial Group, Procter & Gamble, and HP.
- Duke Energy corporate offices (13.8 miles)
- Western & Southern Financial Group financial services (15.0 miles) HQ
- American Financial Group insurance (15.0 miles) HQ
- Procter & Gamble consumer goods (15.1 miles) HQ
- HP technology offices (15.2 miles)
104 River Valley Blvd offers a 2005-vintage asset in a predominantly ownership neighborhood, positioning it as one of the newer multifamily options relative to older local stock. Based on CRE market data from WDSuite, neighborhood occupancy sits around the national midpoint and renter demand is supported by access to major Cincinnati employers and comparatively manageable rent-to-income levels.
While the 3-mile area shows population contraction, household counts are projected to rise as household sizes shrink, which can sustain a stable tenant base for smaller units. Investors should plan for mid-life capital items typical of a ~20-year-old building and underwrite measured rent growth given moderate homeownership accessibility in the submarket.
- 2005 construction provides competitive positioning versus older neighborhood inventory, with modernization potential to drive leasing.
- Access to Cincinnati s major employers supports weekday occupancy and retention across economic cycles.
- Low rent-to-income burden favors resident retention and steady collections, supporting cash flow stability.
- Smaller household sizes in the 3-mile radius can support demand for professionally managed units and efficient layouts.
- Risks: ownership-leaning neighborhood and metro-relative safety positioning may cap rent growth and require ongoing risk management.