| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 37th | Poor |
| Demographics | 47th | Fair |
| Amenities | 46th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1221 Bethel New Richmond Rd, New Richmond, OH, 45157, US |
| Region / Metro | New Richmond |
| Year of Construction | 2002 |
| Units | 39 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
1221 Bethel New Richmond Rd, New Richmond OH Multifamily
Neighborhood occupancy trends and a low rent-to-income profile indicate steady renter retention potential, according to WDSuite s CRE market data. The area skews more owner-occupied, so demand is driven by a smaller but stable renter pool seeking attainable options.
This B-rated, rural neighborhood in the Cincinnati metro offers a quieter living environment with modest retail and dining density nearby. Parks and pharmacies track above national medians, while grocery options and cafes are thinner, which is typical for rural-edge locations. For investors, that mix suggests car-oriented living but not a complete amenities gap.
Neighborhood occupancy sits below the metro median, yet rent-to-income levels are favorable for lease retention and measured pricing decisions. Median home values are lower than many U.S. neighborhoods, which can introduce some competition from ownership, but it also supports renter resilience by keeping overall cost of living comparatively manageable for tenants.
Schools in the area score above the national median, which can aid family-oriented renter appeal. Construction in the immediate area tends to be older on average; by contrast, a 2002 vintage positions this asset competitively against much older stock, while still warranting targeted updates to common areas and systems to maintain its edge.
Within a 3-mile radius, recent years show essentially flat population with a slight increase in households, pointing to smaller household sizes and a stable tenant base. Forward-looking 3-mile forecasts anticipate a continued increase in households even as population trends soften, which can expand the local renter pool and support occupancy stability for well-positioned multifamily assets.
Safety signals are mixed but trending constructively. Compared with other Cincinnati metro neighborhoods (611 total), this area performs competitively on overall crime rank, and property-related incidents have improved markedly year over year. Nationally, the neighborhood sits near the middle of the pack for overall safety.
Violent offense indicators track below national medians, while recent declines in property offenses point to an improving backdrop. Investors should underwrite to current trends and maintain standard security and lighting best practices to support tenant retention and reputation.
Regional employment is anchored by Cincinnati s corporate base, providing commuter access to utilities, finance, consumer goods, and banking employers that can support workforce renter demand and retention.
- Duke Energy utilities (15.5 miles)
- Western & Southern Financial Group insurance (16.7 miles) HQ
- American Financial Group insurance (16.7 miles) HQ
- Procter & Gamble consumer goods (16.7 miles) HQ
- Fifth Third Bancorp banking (17.0 miles) HQ
Built in 2002, this 39-unit property stands newer than much of the surrounding housing stock, offering relative competitiveness versus older assets while benefiting from attainable rents that support retention. Based on CRE market data from WDSuite, the neighborhood shows a predominantly owner-occupied profile with a smaller renter concentration, indicating steadier, needs-based demand rather than transient turnover.
Within a 3-mile radius, households have inched upward even as population has held roughly flat, and projections point to additional household growth alongside smaller household sizes. For investors, that combination can expand the tenant base and support occupancy stability, while the high-cost ownership dynamics typical of large metros are less pronounced here, suggesting measured rent growth with attention to affordability and lease management. Targeted value-add in interiors and common areas may further differentiate the asset against older comparables.
- 2002 vintage offers competitive positioning versus older neighborhood stock with selective upgrade potential
- Attainable rents and favorable rent-to-income dynamics support retention and steady cash flow
- 3-mile household growth and smaller household sizes expand the local renter base over time
- Access to Cincinnati s corporate employment core underpins workforce demand and leasing stability
- Risks: below-metro occupancy and a smaller renter pool require disciplined underwriting and asset differentiation