| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 25th | Poor |
| Demographics | 39th | Poor |
| Amenities | 11th | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 2102 Queen City Ave, Cincinnati, OH, 45214, US |
| Region / Metro | Cincinnati |
| Year of Construction | 1973 |
| Units | 24 |
| Transaction Date | 2019-06-18 |
| Transaction Price | $1,684,818 |
| Buyer | OMAHA HOLDINGS LLC |
| Seller | CINFED FED CREDIT UNION |
2102 Queen City Ave Cincinnati Multifamily Investment
Stabilized renter demand is supported by a high share of renter-occupied housing in the immediate area and proximity to major downtown employers, according to WDSuite’s CRE market data. While the neighborhood’s occupancy runs below metro norms, the asset’s size and workforce orientation can appeal to value-focused tenants.
Located in Cincinnati’s inner-suburb fabric, the neighborhood shows limited daily conveniences nearby but a comparatively stronger concentration of restaurants (competitive nationally) relative to other amenities. Based on CRE market data from WDSuite, overall amenity depth ranks below most Cincinnati neighborhoods (410th among 611), suggesting residents rely on nearby corridors and Downtown for services.
Renter-occupied housing accounts for roughly half of units within the neighborhood, indicating a durable tenant base for a 24-unit property. Within a 3-mile radius, demographic data show modest population growth in recent years and an expanding household base, which supports multifamily demand and leasing resilience.
Neighborhood occupancy trends track below the metro median today, yet the area’s renter concentration and access to job centers can help sustain absorption for well-managed workforce units. Home values in the neighborhood are on the lower end for the region, which can create some competition from entry-level ownership; however, rent-to-income levels indicate manageable affordability pressure that can aid lease retention.
The average building stock in this part of the city skews older (early 1900s). With a 1973 vintage, the subject property is newer than much of the surrounding inventory, offering a relative competitive edge after targeted renovations and systems upgrades that address age-related capital items.
Safety conditions in this neighborhood sit around the middle of the pack for Cincinnati, with national comparisons indicating below-average safety relative to many U.S. neighborhoods. Property-related offenses have declined meaningfully over the last year, while violent offense measures remain elevated nationally, according to WDSuite’s CRE market data.
For context, the neighborhood’s crime positioning ranks in the lower half when compared with 611 Cincinnati metro neighborhoods, while recent year-over-year trends show improvement in property crime. Investors should plan for standard security measures and active property management to support tenant retention and protect NOI.
Downtown Cincinnati anchors a deep employer base that supports workforce housing demand and short commutes. Nearby headquarters include Kroger, Macy’s, Fifth Third Bancorp, Procter & Gamble, and American Financial Group.
- Kroger — grocery retail HQ (3.4 miles) — HQ
- Macy's — department stores HQ (3.5 miles) — HQ
- Fifth Third Bancorp — banking & financial services (3.7 miles) — HQ
- Procter & Gamble — consumer goods (3.9 miles) — HQ
- American Financial Group — insurance (4.0 miles) — HQ
2102 Queen City Ave combines workforce appeal with access to Cincinnati’s core employment hub. Built in 1973, the 24-unit asset is newer than much of the surrounding housing stock, creating value-add potential through selective renovations and building systems updates. Within a 3-mile radius, modest population growth and a high share of renter households indicate a sizable tenant base that can support occupancy stability and steady leasing.
Neighborhood occupancy trends are currently below the metro median, which warrants conservative underwriting; however, nearby headquarters and service-sector employment broaden the renter pool and support retention. According to CRE market data from WDSuite, rent levels relative to incomes suggest manageable affordability pressure, reinforcing the case for durable cash flow with prudent asset management.
- Workforce location near major downtown employers supports stable renter demand
- 1973 vintage is newer than area norms, offering renovation and repositioning upside
- 3-mile radius shows population and household growth, expanding the tenant base
- Rent-to-income levels indicate manageable affordability pressure aiding retention
- Risk: neighborhood occupancy trails metro averages; lease-up may require active management and competitive finishes