| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 39th | Poor |
| Demographics | 29th | Poor |
| Amenities | 40th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 2750 Townterrace Dr, Cincinnati, OH, 45251, US |
| Region / Metro | Cincinnati |
| Year of Construction | 2000 |
| Units | 32 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
2750 Townterrace Dr Cincinnati Multifamily Investment
Positioned in an inner-suburban pocket with a renter-occupied share around one-third at the neighborhood level, the asset benefits from a broad tenant base and steady leasing fundamentals, according to WDSuite’s CRE market data. Newer vintage relative to local housing stock supports competitive positioning while leaving room for targeted upgrades.
2750 Townterrace Dr sits in an Inner Suburb of Cincinnati where the neighborhood ranks 179 out of 611 for amenities, which is competitive among Cincinnati neighborhoods and mid-pack nationally. Dining and daily-needs access is a relative strength (restaurants and grocery stores score well versus national peers), while parks, cafes, and pharmacies are thinner locally. Average school ratings for the neighborhood sit in the lower range nationally, a consideration for family-oriented renters.
The property’s 2000 construction is newer than the neighborhood’s average 1960s housing stock. For investors, this suggests fewer immediate system overhauls than older comparables and potential to drive returns via selective interior and common-area updates to maintain an edge over aging nearby inventory.
At the neighborhood level, renter-occupied housing accounts for roughly 30% of units, indicating a meaningful but not saturated renter concentration that supports depth of demand for a 32-unit community. Neighborhood occupancy has hovered in the upper-80s with some recent softening; lease management and resident retention practices remain important to sustain stability.
Within a 3-mile radius, demographics from WDSuite indicate stable recent trends and projections for growth in both population and households through the next five years, pointing to a larger tenant base and support for absorption. Median contract rents and a rent-to-income profile around one-fifth suggest manageable affordability pressure, which can aid retention and reduce turnover risk. Home values are comparatively accessible for the region, which can introduce some competition from ownership, yet also supports workforce housing demand where rental convenience and upfront cost considerations keep multifamily relevant.
Safety signals are mixed and should be interpreted in context. The neighborhood’s crime ranking is toward the higher-crime side within the Cincinnati metro (ranked 56 out of 611), yet nationally the area performs above average for overall safety, with property offenses benchmarking in the top decile and violent offenses trending better than the national midpoint. Recent year-over-year declines in violent incidents further indicate improving momentum. Investors should underwrite with a local lens, focusing on property-level security measures and resident experience to support retention.
Proximity to established corporate offices supports workforce housing demand and commute convenience for residents. Notable nearby employers include Cincinnati Financial, Duke Energy, Procter & Gamble Co., Prudential Financial, and Humana Pharmacy Solutions.
- Cincinnati Financial — corporate offices (4.2 miles) — HQ
- Duke Energy — corporate offices (5.5 miles)
- Procter & Gamble Co. — corporate offices (5.9 miles)
- Prudential Financial — corporate offices (7.3 miles)
- Humana Pharmacy Solutions — corporate offices (8.3 miles)
This 32-unit, 2000-vintage asset offers a relative age advantage versus much of the surrounding 1960s stock, supporting competitive leasing while leaving value-add avenues through targeted interior updates. Neighborhood renter concentration around one-third indicates a durable tenant base, and within 3 miles, projections suggest population and household growth that can underpin demand and occupancy stability. According to CRE market data from WDSuite, local rents and rent-to-income dynamics point to manageable affordability pressure, reinforcing retention potential.
Balanced against these strengths, investors should account for uneven amenity density (notably limited parks and cafes), lower neighborhood school ratings, and metro-relative safety rankings, even as national benchmarking and recent trends show improvement. Underwriting that prioritizes resident experience, prudent capital planning, and disciplined lease management can help capture the location and vintage advantages.
- 2000 construction relative to older local stock supports competitiveness with measured capex needs and clear value-add paths
- Neighborhood renter-occupied share near one-third provides depth for a 32-unit community and supports leasing stability
- 3-mile projections indicate growth in population and households, expanding the renter pool and aiding absorption
- Manageable rent-to-income profile supports retention and reduces turnover risk
- Risks: uneven amenity mix, lower school ratings, and metro-relative safety ranking warrant conservative underwriting and resident-focused operations