| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 61st | Best |
| Demographics | 84th | Best |
| Amenities | 13th | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 2558 Spindlehill Dr, Cincinnati, OH, 45230, US |
| Region / Metro | Cincinnati |
| Year of Construction | 1972 |
| Units | 24 |
| Transaction Date | 1996-03-01 |
| Transaction Price | $1,250,000 |
| Buyer | SMITH STEVEN R |
| Seller | GREEN ANDREW J |
2558 Spindlehill Dr Cincinnati Inner-Suburb Multifamily
High neighborhood occupancy and a meaningful renter-occupied housing base point to durable leasing, according to WDSuite’s CRE market data, with fundamentals consistent with Inner Suburb stability.
Located in an Inner Suburb of Cincinnati, the area shows solid multifamily fundamentals: neighborhood occupancy trends are strong and above metro medians, supporting pricing discipline and lease retention. Renter-occupied housing accounts for a substantial share of units locally, indicating depth in the tenant base for a 24-unit asset.
The property’s 1972 construction is older than the neighborhood’s average vintage. For investors, that typically signals planned capital improvements and potential value-add upside through unit modernization and building system updates, while positioning competitively against newer stock.
Livability features are mixed. Daily services such as pharmacies are present at competitive levels, but food-and-beverage and grocery densities score well below metro norms, suggesting residents rely more on nearby corridors rather than walkable retail. Investors may prioritize on-site amenities and parking to align with car-oriented living patterns.
Within a 3-mile radius, recent years show population growth alongside an increase in households, and forecasts indicate households are expected to continue rising even if population levels edge down. That points to smaller household sizes and a larger renter pool entering the market, which supports occupancy stability. Median household incomes in the surrounding radius are comparatively strong, and median contract rents have been rising, reinforcing the case for sustained demand. Home values and ownership costs sit near national midpoints, which generally sustains rental demand without excessive competition from entry-level ownership options.
Safety indicators for the neighborhood sit around the metro median among 611 Cincinnati-area neighborhoods and below the national median for safety. Property crime has been trending down year over year, which is a constructive signal for long-term stability, while violent offense measures remain comparatively weaker versus national benchmarks. Investors should underwrite with prudent security and lighting enhancements and monitor trendlines alongside local comparables.
Proximity to major corporate employers supports renter demand through commute convenience and diversified white-collar employment. Nearby anchors include Humana, Procter & Gamble, Western & Southern Financial Group, American Financial Group, and HP.
- Humana — healthcare (5.7 miles)
- Procter & Gamble — consumer goods (6.0 miles) — HQ
- Western & Southern Financial Group — financial services (6.0 miles) — HQ
- American Financial Group — insurance (6.1 miles) — HQ
- HP — technology (6.1 miles)
2558 Spindlehill Dr benefits from a high-occupancy Inner Suburb location and a meaningful concentration of renter-occupied housing units, supporting steady leasing and retention. The 1972 vintage is older than the neighborhood average, presenting a straightforward value-add path through unit renovations and selective building upgrades that can enhance competitiveness while maintaining relative affordability. According to CRE market data from WDSuite, neighborhood fundamentals compare favorably to metro norms, and the nearby employment base adds demand resilience.
Within a 3-mile radius, recent growth in households and projections for further increases—even as population levels are expected to be flat to slightly lower—suggest smaller household sizes and a larger pool of prospective renters. Rising median rents and solid incomes in the surrounding area reinforce demand durability for well-managed, mid-size assets. Key underwriting considerations include limited immediate walkable retail and monitoring safety trendlines.
- Inner Suburb location with strong neighborhood occupancy supporting lease stability
- 1972 vintage offers value-add potential via interior and systems upgrades
- Diverse nearby employer base underpins demand and retention
- 3-mile radius shows growing households and incomes, supporting sustained renter demand
- Risks: limited immediate amenities and below-national safety benchmarks warrant prudent management