| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 44th | Fair |
| Demographics | 42nd | Fair |
| Amenities | 7th | Poor |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 111 Concord Sq, Williamsburg, OH, 45176, US |
| Region / Metro | Williamsburg |
| Year of Construction | 1978 |
| Units | 54 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
111 Concord Sq, Williamsburg OH Multifamily Investment
Neighborhood occupancy is exceptionally tight and renter demand appears steady for workforce housing in this rural Cincinnati metro pocket, according to WDSuite’s CRE market data. The investment case centers on stable tenancy drivers and value-add potential rather than amenity-led leasing.
Williamsburg sits in a rural corner of the Cincinnati, OH-KY-IN metro with car-reliant living and limited nearby retail and services. Amenity density ranks toward the lower end of the metro’s 611 neighborhoods, which points to a quieter setting where leasing is driven more by housing availability and commute patterns than by lifestyle amenities.
For investors, the most notable signal is occupancy: the neighborhood’s housing stock shows extremely high occupancy levels, ranking 1st among 611 metro neighborhoods and in the top national percentile. This is a neighborhood-level indicator, not property-specific performance, but it supports a thesis around tenancy stability and measured pricing power when managed carefully.
Tenure patterns suggest a moderate renter base. Within a 3-mile radius, an estimated 28.8% of housing units are renter-occupied, creating a meaningful—though not dominant—renter concentration. That depth should support leasing for a 54-unit asset while still requiring thoughtful marketing and retention programs.
Demographics aggregated within a 3-mile radius point to a growing tenant pool: population and households have expanded over the past five years, with households rising faster than population—an investor-relevant sign of more leasing households entering the market. Forward-looking projections also indicate continued increases in households, which should aid occupancy stability. Median contract rents in the neighborhood remain on the lower side for the metro, and rent-to-income ratios are modest, a combination that can help sustain retention while allowing disciplined rent optimization.
The property’s 1978 vintage is newer than the neighborhood’s older average housing stock (mid-20th century). That positioning can be competitively helpful versus prewar buildings, while still warranting capital planning for aging systems and targeted renovations to capture value-add upside.
Safety indicators compare favorably in context. The neighborhood’s crime profile ranks 35th out of 611 Cincinnati-metro neighborhoods, which is competitive within the metro, and national comparisons place it in the top quartile for safety. Recent year-over-year declines in both violent and property offense estimates further support a stable backdrop for resident retention and leasing, though ongoing monitoring remains prudent.
Regional employment access is tied to Cincinnati’s diversified employer base, with major corporate offices roughly 23–26 miles away. This commuting reach supports workforce housing demand and can aid retention for residents with stable, white- and blue-collar roles at the following employers.
- Anthem Inc Mason Campus II — insurance services (22.8 miles)
- Kroger DCIC — grocery & logistics (23.2 miles)
- Humana — healthcare services (25.2 miles)
- Duke Energy — utilities (25.3 miles)
- Procter & Gamble — consumer goods (25.4 miles) — HQ
111 Concord Sq offers a scale-efficient, 54-unit footprint in a rural submarket where neighborhood-level occupancy is exceptionally high, indicating durable renter demand at the area level. Lower relative rents and modest rent-to-income ratios suggest room for disciplined rent optimization while prioritizing resident retention. The 1978 construction is newer than much of the surrounding housing stock, positioning the asset competitively versus older buildings while still leaving clear value-add and systems-upgrade pathways.
Population and household growth within a 3-mile radius point to a larger tenant base over time, supporting steady leasing. Safety benchmarks are competitive within the metro and top quartile nationally, which can aid retention and marketing. According to CRE market data from WDSuite, the neighborhood’s occupancy stands at the top of the metro and the highest national tier, reinforcing a thesis focused on stable cash flow with targeted enhancements rather than amenity-driven premiums.
- Neighborhood occupancy at the top of 611 Cincinnati-metro neighborhoods supports tenancy stability (neighborhood metric, not property-specific).
- 1978 vintage offers value-add and modernization upside versus older local stock.
- Growing households within 3 miles expand the renter pool and support leasing durability.
- Risks: rural amenity depth and commute distances require focused leasing strategy; capital planning needed for an older asset’s systems.