| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 47th | Fair |
| Demographics | 51st | Fair |
| Amenities | 6th | Poor |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 175 N 8th St, Williamsburg, OH, 45176, US |
| Region / Metro | Williamsburg |
| Year of Construction | 2006 |
| Units | 30 |
| Transaction Date | 2006-02-22 |
| Transaction Price | $190,000 |
| Buyer | HARMONY SENIOR VILLAGE LLC |
| Seller | WILLIAMSBURG WEST DEVELOPMENT CO |
175 N 8th St Williamsburg, OH Multifamily Investment
Neighborhood occupancy has trended firm, supporting stable leasing dynamics for a 30-unit asset in a rural submarket, according to WDSuite's CRE market data. Positioning centers on steady renter demand rather than amenity-driven premiums.
Williamsburg sits within the Cincinnati metro's rural orbit, with limited immediate retail and daily-needs amenities. That scarcity can cap premium potential but also positions well for value-oriented housing. The neighborhood's average school rating is strong (top decile nationally), which can support family retention and longer tenancy.
Neighborhood occupancy is above the metro median and in the upper tier nationally, indicating consistent absorption and renewal potential. Renter-occupied share is moderate, suggesting a defined but not oversaturated tenant base that can translate to stable leasing for well-managed multifamily. With a rent-to-income profile that points to relatively low affordability pressure locally, owners may see fewer move-outs tied to rent burdens and steadier collections.
Within a 3-mile radius, WDSuite data shows households have increased even as population softened modestly in recent years—signaling smaller household sizes and a gradual shift toward more households seeking housing options. Forward-looking indicators point to additional household growth and a rising renter pool by 2028, which supports a larger tenant base over time. In a market with more accessible ownership costs, landlords should anticipate some competition from for-sale housing and emphasize product quality, school access, and professional management to drive retention.
The property's 2006 vintage is newer than the neighborhood's older housing stock, offering competitive positioning versus 1970s-era assets. Investors should still plan for mid-life system updates and selective common-area refreshes to maintain appeal. Overall, this location favors practical, workforce-oriented multifamily over luxury features—an angle supported by grounded commercial real estate analysis from WDSuite.
Safety indicators compare favorably at the national level, with both property and violent offense measures landing in the top quartile nationally. Recent year-over-year declines in estimated offense rates add a constructive trendline. While conditions can vary by block and over time, the broader read supports leasing stability and resident retention for well-run properties.
Investors should maintain standard risk controls—lighting, access controls, and monitoring—to align with lender and insurer expectations and to sustain the current trajectory.
Regional employers within commuting range underpin renter demand for workforce housing. The nearby base skews toward healthcare, utilities, consumer goods, and retail corporate functions, supporting lease-up and renewal prospects for professionally managed assets.
- Anthem Inc Mason Campus II — health insurance (21.4 miles)
- Kroger DCIC — retail corporate/operations (21.6 miles)
- Humana — health insurance (23.8 miles)
- Duke Energy — utilities (24.0 miles)
- Procter & Gamble — consumer goods (24.0 miles) — HQ
This 30-unit property at 175 N 8th St benefits from a neighborhood with above-metro-median occupancy and moderate renter concentration—factors that support steady leasing and renewal performance. The 2006 construction is newer than much of the surrounding stock, giving a competitive edge versus older assets while still calling for prudent mid-life capital planning.
Within a 3-mile radius, WDSuite data points to household growth and a gradually expanding renter pool through 2028, which can widen the tenant base and help sustain occupancy. Rent-to-income dynamics indicate manageable affordability pressure locally, reinforcing retention potential; however, more accessible ownership costs and limited nearby amenities mean operators should focus on product quality, service, and school access to maintain pricing power. These dynamics are consistent with broader Cincinnati multifamily trends and, according to CRE market data from WDSuite, remain supportive of long-term hold strategies focused on durable cash flow rather than outsized rent premiums.
- Above-metro-median neighborhood occupancy supports stable leasing and renewals.
- 2006 vintage provides competitive positioning versus older area stock, with targeted mid-life upgrades to sustain appeal.
- 3-mile household growth and an expanding renter pool point to a larger tenant base over the next several years.
- Rent-to-income profile suggests lower affordability pressure, aiding retention and collections management.
- Risks: limited nearby amenities and accessible ownership options may temper premiums; focus on operations and school access to drive retention.