| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 59th | Best |
| Demographics | 36th | Poor |
| Amenities | 33rd | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 419 Evans St, Owensville, OH, 45160, US |
| Region / Metro | Owensville |
| Year of Construction | 1975 |
| Units | 48 |
| Transaction Date | 2005-06-16 |
| Transaction Price | $1,114,900 |
| Buyer | OWENSVILLE HOUSING PARTNERS LTD |
| Seller | OWENSVILLE LP |
419 Evans St Owensville, OH Multifamily Investment
Neighborhood occupancy trends sit above national medians and renter demand is supported by metro ownership costs, according to WDSuite’s CRE market data, positioning this 48-unit asset for steady leasing in a suburban setting.
Owensville is a suburban pocket within the Cincinnati metro (Neighborhood Rating: B) where day-to-day services are present while destination dining is limited. Relative to peers, grocery, parks, and pharmacies are available at stronger-than-average levels nationally, while cafes and restaurants are sparse—an operating consideration for tenants who prioritize quick access to amenities.
According to commercial real estate analysis from WDSuite, neighborhood occupancy is above the national median, suggesting baseline stability for multifamily operators. Within a 3-mile radius, demographics show recent softness in population and household counts but projections point to a modest population uptick and an increase in households over the next five years, which can expand the local tenant base and support occupancy.
Tenure patterns indicate a meaningful renter-occupied presence at the neighborhood level—competitive among Cincinnati neighborhoods—while the broader 3-mile area remains predominantly owner-occupied. For investors, this mix implies depth for workforce renters near the property with some competition from ownership options in the wider trade area.
The property’s 1975 vintage is newer than the neighborhood’s average construction year. This can be competitively positioned against older local stock, though investors should plan for targeted system updates or renovations to maintain curb appeal and operating efficiency.
Safety indicators are favorable in a national context. Property crime sits in the top quartile nationally and has improved year over year, while violent crime trends around the national midpoint, based on WDSuite’s CRE market data for the neighborhood. For investors, this profile supports resident retention and leasing narratives without overpromising block-level outcomes.
Regional employment anchors within commuting range include healthcare, consumer goods, financial services, and utilities—providing a diversified base that supports renter demand and lease stability for workforce housing.
- Anthem Inc Mason Campus II — health insurance (15.6 miles)
- Kroger DCIC — grocery retail operations (16.0 miles)
- Prudential Financial — financial services (19.0 miles)
- Humana — health insurance (19.4 miles)
- Procter & Gamble — consumer goods (19.8 miles) — HQ
Positioned in a B-rated suburban neighborhood, this 48-unit asset benefits from above-median national occupancy and a renter base that is competitive within the Cincinnati metro, according to CRE market data from WDSuite. Elevated value-to-income dynamics at the neighborhood level reinforce reliance on rental housing, supporting baseline demand and pricing power relative to lower-cost ownership submarkets.
At 1975 construction, the property is newer than much of the local stock, offering a competitive edge versus older assets while still warranting selective capital planning for building systems and interiors. Amenity access favors essentials over dining/entertainment, which suits residents prioritizing convenience and affordability; nearby regional employers broaden the commuter tenant pool and help stabilize occupancy through cycles.
- Above-national-median neighborhood occupancy supports leasing stability
- Renter concentration competitive among Cincinnati neighborhoods provides tenant depth
- 1975 vintage offers relative competitiveness versus older local stock with value-add potential
- Diversified regional employers within ~16–20 miles underpin workforce housing demand
- Risk: Limited nearby dining/cafes and mixed demographic trends may temper rent growth pacing