| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 59th | Best |
| Demographics | 92nd | Best |
| Amenities | 34th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 2101 Grandin Rd, Cincinnati, OH, 45208, US |
| Region / Metro | Cincinnati |
| Year of Construction | 1978 |
| Units | 105 |
| Transaction Date | 2012-07-09 |
| Transaction Price | $9,619,500 |
| Buyer | GRANDIN CAPITAL PARTNERS LLC |
| Seller | GRANDIN HOUSE LTD |
2101 Grandin Rd, Cincinnati Multifamily Investment
Stabilized renter demand supported by high-income demographics and a strong neighborhood profile, according to WDSuite s CRE market data. Expect competitive positioning with room for selective upgrades given the 1978 vintage.
Located in an A-rated suburban neighborhood ranked 46 out of 611 within the Cincinnati metro, the property benefits from a tenant base with above-median incomes and education levels. Neighborhood rents trend in the upper national range while the rent-to-income ratio sits near the national midpoint, pointing to pricing power with manageable affordability pressure for renewals.
The 1978 construction is newer than the neighborhood s average 1957 vintage, which can offer a competitive edge versus older stock while still warranting modernization of common areas and building systems for repositioning. Neighborhood occupancy is around the national midpoint, suggesting steady but not overheated leasing conditions that reward active asset management.
Amenity access is mixed: parks and pharmacies score above national medians, while café and grocery density are relatively limited within the immediate neighborhood. For multifamily operations, this translates to a quiet residential context with lifestyle convenience driven more by nearby nodes than by heavy retail on the block, supporting retention among residents prioritizing residential feel over retail adjacency.
Within a 3-mile radius, demographics indicate a large, diversified renter pool, with recent household growth and smaller average household sizes. Forward-looking projections in the same 3-mile view point to additional increases in households and incomes, which generally support sustained multifamily demand, occupancy stability, and the ability to manage rent growth through lease management rather than concessions.
Neighborhood safety indicators trail metro and national comparables. The area ranks 331 out of 611 Cincinnati metro neighborhoods for overall crime, placing it below the metro median and in the lower national percentiles. Violent offense measures are also weak relative to neighborhoods nationwide.
A constructive note: estimated property offense rates show recent year-over-year improvement, landing in an above-average national percentile for trend direction. Investors should underwrite with conservative assumptions (lighting, access controls, monitoring) and track multi-year trajectories rather than single-year readings to gauge operational risk.
Nearby corporate offices provide a diversified employment base and commute convenience that supports renter demand and retention, led by healthcare, consumer products, insurance, and financial services employers listed below.
- Humana healthcare services (2.3 miles)
- Procter & Gamble consumer products (3.1 miles) HQ
- Hp technology offices (3.2 miles)
- Western & Southern Financial Group insurance & financial services (3.2 miles) HQ
- American Financial Group insurance (3.3 miles) HQ
This 105-unit asset offers scale in an A-rated Cincinnati neighborhood with high-income, well-educated households and rents positioned in the upper national range. According to CRE market data from WDSuite, neighborhood occupancy sits near the national midpoint, suggesting steady demand without overheating. Elevated ownership costs in the area strengthen reliance on rentals, supporting lease retention and measured rent growth.
The 1978 vintage is newer than the neighborhood s average, providing a relative edge over older buildings while creating value-add potential through targeted system upgrades and common-area refreshes. Within a 3-mile radius, projections point to additional household growth and rising incomes, which should deepen the renter pool and support occupancy stability over the medium term.
- A-rated neighborhood (46 of 611) with strong income and education fundamentals
- Rents in the upper national range with mid-range rent-to-income, supporting pricing power
- 1978 vintage newer than area average, with clear modernization and repositioning levers
- 3-mile outlook indicates growing households and higher incomes, reinforcing tenant demand
- Risks: safety metrics below metro/national benchmarks and limited immediate retail; underwrite for security and convenience amenities