| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 36th | Poor |
| Demographics | 26th | Poor |
| Amenities | 14th | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 299 Lytle Ave, Williamsburg, OH, 45176, US |
| Region / Metro | Williamsburg |
| Year of Construction | 2003 |
| Units | 36 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
299 Lytle Ave, Williamsburg OH Multifamily Investment
Renter demand is supported by stable neighborhood occupancy and a workforce corridor into Cincinnati, according to WDSuite’s commercial real estate analysis. A 2003 vintage and a 36-unit scale position the asset competitively versus older local stock while leaving room for targeted upgrades.
Williamsburg sits on the eastern edge of the Cincinnati metro with a Rural neighborhood profile and a neighborhood rating of C-. Amenities are limited locally (few cafes, parks, or pharmacies), while basic services like grocery and some restaurants are present but modest. For investors, that typically means residents rely on nearby corridors for shopping and employment, which can lengthen commutes but also keeps day-to-day operating expectations straightforward.
Neighborhood-level occupancy is steady and above the national midpoint, and the area’s median asking rents track close to national norms. The share of housing units that are renter-occupied in the neighborhood is in the upper tier metro-wide, indicating a viable tenant base for multifamily; this metric is measured for the neighborhood, not the property. Based on WDSuite’s CRE market data, five-year neighborhood rent growth has been constructive, supporting revenue management potential without assuming outsized gains.
Within a 3-mile radius, households have increased even as average household size has edged down, effectively expanding the pool of households relative to population. This shift can support leasing by creating a larger tenant base seeking more attainable options. Forecasts within 3 miles call for additional household growth over the next five years, which should help underpin occupancy stability and renewal performance.
The property’s 2003 construction is newer than the neighborhood’s average vintage (older housing stock dominates nearby), which can enhance curb appeal and operational competitiveness versus legacy assets. Investors should still plan for mid-life system updates or select interior refreshes to maintain positioning and capture value-add upside.
Home values in the broader area are comparatively low for the region, which can create some competition from ownership options; however, rent levels that sit near national norms often sustain rental demand by offering more accessible monthly payments and flexibility. For operations, that dynamic suggests balanced pricing power with an emphasis on retention and steady leasing rather than premium-rate strategies.
Safety indicators compare favorably to national averages overall. According to WDSuite’s data, the neighborhood sits in a higher national safety percentile for property offenses, and recent property-crime rates have declined meaningfully year over year. Violent-offense metrics trend closer to the national middle and have shown a recent uptick; operators should continue routine safety measures and partner with residents to maintain the improving trajectory.
Compared with other Cincinnati metro neighborhoods (611 total), the area’s rank points to competitive positioning rather than top-tier safety. For investors, the takeaway is a generally stable environment with improving property-crime trends, balanced by the need for ongoing monitoring of violent-offense movements in asset and neighborhood plans.
Commuter access to Cincinnati’s corporate base supports workforce housing demand. Key employers within roughly 22–25 miles include Anthem, Kroger’s digital/IT presence, Humana, Duke Energy, and Procter & Gamble, reinforcing a diversified employment pool that can aid leasing stability.
- Anthem Inc Mason Campus II — insurance/services (22.1 miles)
- Kroger DCIC — retail/digital & IT (22.3 miles)
- Humana — healthcare/services (24.2 miles)
- Duke Energy — utilities/corporate offices (24.3 miles)
- Procter & Gamble — consumer goods (24.4 miles) — HQ
This 36-unit, 2003-vintage asset offers a practical, defensible position in a Rural submarket on Cincinnati’s east side. The neighborhood shows steady occupancy and rent levels near national norms, while the property’s newer vintage relative to the area’s older housing stock can support leasing competitiveness. Within a 3-mile radius, households have increased and are projected to grow further, which expands the renter pool and supports occupancy stability over the hold.
According to CRE market data from WDSuite, neighborhood renter concentration is meaningful for the metro, suggesting adequate depth for multifamily demand. Affordability appears manageable in this area, though comparatively low home values may invite some competition from ownership; underwriting should emphasize retention, steady pricing, and selective value-add to capture yield without overextending rent expectations.
- 2003 vintage offers competitive positioning versus older neighborhood stock with targeted value-add potential
- Neighborhood occupancy is stable and rents track near national norms, aiding revenue visibility
- 3-mile household growth expands the tenant base and supports leasing and renewal performance
- Diversified regional employers within commuting range provide durable workforce demand
- Risk: lower regional home values may cap pricing power—plan for retention-focused operations and disciplined rent steps