| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 59th | Best |
| Demographics | 36th | Poor |
| Amenities | 33rd | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 371 W Main St, Owensville, OH, 45160, US |
| Region / Metro | Owensville |
| Year of Construction | 1983 |
| Units | 46 |
| Transaction Date | 2006-06-20 |
| Transaction Price | $1,443,900 |
| Buyer | NEW CLERMONT VILLA LTD |
| Seller | CLERMONT VILLA LTD |
371 W Main St Owensville, OH Multifamily Investment
Neighborhood occupancy trends sit above national medians and renter concentration ranks in the top quartile nationally, supporting steady tenant demand, according to WDSuite s commercial real estate analysis.
Situated in the Cincinnati metro s suburban fabric, the neighborhood carries a B rating and is competitive among 611 metro neighborhoods on overall amenities (ranked in the more favorable 40% locally). Park and pharmacy access track above national medians, while restaurants and caf e9s are limited, suggesting a quieter, residential context rather than a destination retail corridor. For leasing strategy, that points to value- and convenience-oriented positioning over lifestyle-driven premiums.
Occupancy in the neighborhood trends above the national median, which supports income stability through cycles based on CRE market data from WDSuite. The share of renter-occupied housing in the neighborhood ranks in the top quartile nationally, indicating a meaningful tenant base for multifamily. By contrast, within a 3-mile radius the renter-occupied share is closer to roughly one-quarter of units, implying that the immediate neighborhood is more renter-reliant than the broader catchment and that property-level marketing may outperform with local, proximity-driven prospects.
Vintage context matters: the asset s 1983 construction is newer than the area s average 1960s housing stock. That typically enhances competitiveness versus older buildings while still warranting targeted system updates and selective value-add renovations to match renter expectations and support rent trade-outs.
Within a 3-mile radius, recent years showed population and household contraction, but forward-looking estimates indicate growth resuming by the next five-year window. A projected increase in households suggests a larger tenant base over time, which can aid occupancy stability. Meanwhile, the neighborhood s elevated value-to-income ratio (top quartile nationally) points to a high-cost ownership market relative to local incomes, which tends to sustain reliance on rental housing and support pricing power for well-managed multifamily assets.
Safety signals are comparatively favorable versus national benchmarks. The neighborhood sits in the top quartile nationally for overall safety, and property crime measures are also in the stronger national quartiles, while violent crime trends around the national middle. Year over year, both violent and property offenses show meaningful declines, which, if sustained, can reinforce renter retention and leasing velocity.
Within the Cincinnati metro context of 611 neighborhoods, these indicators position the area as competitive to above average on safety, aligning with workforce-oriented renter demand and longer tenancy potential without overpromising outcomes.
Regional employment anchors within commutable distance include insurance, healthcare, consumer products, and banking offices. These employers support a steady workforce renter base and help underpin leasing durability for nearby multifamily.
- Anthem Inc Mason Campus II d insurance & health services (15.5 miles)
- Kroger DCIC d grocery & consumer supply chain (15.7 miles)
- Prudential Financial d financial services (18.8 miles)
- Humana d healthcare services (19.2 miles)
- Procter & Gamble d consumer products (19.6 miles) d HQ
371 W Main St offers a 46-unit scale in a renter-leaning neighborhood where occupancy trends run above national medians and the renter-occupied share ranks in the top quartile nationally, supporting depth of tenant demand. Based on CRE market data from WDSuite, local amenities skew toward parks, groceries, and pharmacies rather than dining, favoring value-focused positioning. The 1983 vintage is newer than the area s 1960s average, giving a competitive edge versus older stock while still leaving room for targeted capital improvements and revenue-enhancing renovations.
Looking outward to the 3-mile radius, recent softness in population and household counts is expected to pivot to growth, implying renter pool expansion that can sustain leasing. Ownership remains relatively costly versus incomes at the neighborhood level (top quartile value-to-income), which tends to reinforce rental demand and support rent collections for well-run assets.
- Occupancy above national medians supports income stability
- Renter concentration in top quartile nationally deepens tenant base
- 1983 vintage outcompetes older local stock with value-add potential
- Nearby employment centers in insurance, healthcare, and consumer products bolster leasing
- Risks: amenity-light dining scene and prior population softness may require sharper marketing and retention focus