| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 59th | Best |
| Demographics | 92nd | Best |
| Amenities | 34th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 2147 Madison Rd, Cincinnati, OH, 45208, US |
| Region / Metro | Cincinnati |
| Year of Construction | 1976 |
| Units | 24 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
2147 Madison Rd Cincinnati Multifamily Investment
Positioned in an A-rated, suburban Cincinnati neighborhood with high-income, highly educated households, the asset benefits from durable renter demand and a high-cost ownership market, according to WDSuite s CRE market data.
The property sits in an A-rated, Suburban neighborhood ranked 46 out of 611 within the Cincinnati metro, placing it above the metro median for overall neighborhood performance. Household incomes rank 104 of 611 (competitive among Cincinnati neighborhoods), and the share of residents with a bachelor s degree ranks 7 of 611, indicating a deep, professional renter base supported by strong earnings and education levels.
Local convenience is mixed: parks and pharmacies rank 94 and 90 of 611, respectively (both top quartile nationally), while cafes and grocery stores score lower by density. For investors, this implies resident appeal tied more to neighborhood stability and services than to concentrated retail or dining streetscape.
Neighborhood occupancy is around the national midpoint, with modest softening over the past five years. Renter-occupied housing units account for roughly one-third of the local stock (34.2%), indicating a moderate renter concentration and a tenant base that can support steady leasing without being overly saturated with rentals.
Within a 3-mile radius, WDSuite s commercial real estate analysis shows households have grown and are projected to expand further by 2028, even as average household size trends lower. Paired with elevated home values and a value-to-income ratio in the upper national percentiles, this supports continued reliance on multifamily housing and underpins pricing power and lease retention for well-maintained product.
Safety compares less favorably to national benchmarks: the neighborhood s crime metrics sit below national percentiles for safety, and its metro rank (331 of 611) indicates conditions below the metro average. For investors, underwriting should incorporate prudent security measures and resident experience planning.
That said, WDSuite s data indicates property offenses have declined year over year, suggesting some improvement in recent trends. Monitoring ongoing changes and coordinating with local resources can help support resident satisfaction and retention.
Proximity to major corporate offices within 2 .5 miles supports commuter convenience and broad white-collar renter demand, including employers in consumer goods, financial services, insurance, and technology.
- Humana insurance (2.4 miles)
- Procter & Gamble consumer goods (3.3 miles) HQ
- Hp technology (3.4 miles)
- Western & Southern Financial Group financial services (3.4 miles) HQ
- American Financial Group financial services (3.5 miles) HQ
Built in 1976, the property is newer than the neighborhood s average vintage (1957), offering relative competitiveness versus older stock while still warranting capital planning for aging systems or targeted renovations. According to CRE market data from WDSuite, neighborhood occupancy sits near the national midpoint, with a moderate renter concentration and high household incomes that help support rent levels in a high-cost ownership area.
Demand fundamentals are reinforced by proximity to multiple anchor employers within a short drive and by 3-mile household growth projections that point to a larger tenant base over time. Elevated home values and a value-to-income profile in higher national percentiles suggest multifamily rentals remain a practical option for many households, supporting lease-up and retention prospects for well-operated assets.
- Newer-than-area vintage (1976) offers competitive positioning with value-add and system-refresh potential
- High-income, highly educated renter base supports steady leasing and pricing power
- Access to major employers within ~2 .5 miles underpins demand and retention
- Ownership costs in upper national percentiles reinforce reliance on multifamily housing
- Risks: safety metrics below metro average and sparse cafe/grocery density warrant operational planning