| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 59th | Best |
| Demographics | 92nd | Best |
| Amenities | 34th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 2903 Linwood Ave, Cincinnati, OH, 45208, US |
| Region / Metro | Cincinnati |
| Year of Construction | 1976 |
| Units | 24 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
2903 Linwood Ave Cincinnati 24-Unit Value-Add Multifamily
Neighborhood fundamentals point to durable renter demand supported by elevated ownership costs and an educated tenant base, according to WDSuite’s CRE market data. Expect occupancy in line with broader metro patterns, with pricing power tied to submarket positioning rather than concessions.
The property sits in a suburban Cincinnati neighborhood rated A and competitive among Cincinnati, OH-KY-IN neighborhoods (ranked 46 out of 611). Local housing skews relatively high value compared with the metro and many U.S. areas, which tends to support renter reliance on multifamily. Parks and pharmacies are comparatively accessible (both around the top quartile nationally), though cafes and full-service grocery options are thinner in the immediate area, suggesting residents draw from nearby districts for some amenities.
Rents in the neighborhood are above many peer areas (near the top 10% within the 611-neighborhood metro), while the neighborhood occupancy rate tracks close to national midpoints. That balance typically supports steady lease-up without outsized concession pressure. The share of housing units that are renter-occupied is roughly one-third, indicating a meaningful but not oversupplied renter concentration and a stable base for multifamily absorption.
Within a 3‑mile radius, demographics indicate a well-educated population and rising incomes, with households projected to expand meaningfully over the next five years. Forecast growth in households alongside slightly smaller average household sizes points to a larger tenant base for smaller units, which can support occupancy stability and renewal performance for efficiently sized floor plans.
Home values in the neighborhood are elevated versus much of the region (88th percentile nationally), reinforcing rental demand and helping sustain retention where rent-to-income levels remain manageable. For investors, this typically translates to tighter turnover and more predictable collections, assuming competitive finishes and service levels.
Safety indicators for the neighborhood trend below national benchmarks, with violent and property offense measures in lower national percentiles compared to U.S. neighborhoods. However, WDSuite’s data also shows a year-over-year decline in estimated property offenses, an improving directional sign that investors can monitor alongside standard risk controls.
As with most urban-suburban edges, conditions can vary block-to-block. Framing risk at the neighborhood level is more reliable for underwriting: the area compares below many U.S. neighborhoods on safety today but has recent improvement in property-related categories. Owners commonly mitigate through lighting, access control, and resident screening aligned with local practice.
Proximity to major corporate employers supports commuter convenience and broad white-collar renter demand. Notable nearby employment nodes include healthcare, consumer goods, insurance, and financial services—aligned with downtown Cincinnati’s core.
- Humana — healthcare services (3.5 miles)
- Procter & Gamble — consumer goods HQ & offices (4.3 miles) — HQ
- Western & Southern Financial Group — insurance & financial services (4.4 miles) — HQ
- Hp — technology offices (4.4 miles)
- American Financial Group — insurance (4.5 miles) — HQ
2903 Linwood Ave is a 24‑unit asset built in 1976, newer than much of the surrounding housing stock. That vintage can be competitively positioned with targeted modernization of building systems and interiors, creating value-add potential without the heavier lifts common to mid-century product. Elevated neighborhood home values and an educated renter base underpin demand, while occupancy trends align with broader metro norms—an attractive setup for steady operations.
Within a 3‑mile radius, households are projected to increase over the next five years, expanding the renter pool and supporting lease-up and renewals. According to CRE market data from WDSuite, neighborhood rents sit above many metro peers, and rent-to-income levels suggest manageable affordability pressure—favorable for pricing power if upkeep and service remain competitive. Nearby headquarters and corporate offices further support weekday traffic and retention for workforce and professional renters.
- Value-add upside: 1976 construction with scope for system upgrades and interior refreshes
- Demand drivers: elevated neighborhood home values reinforce reliance on rentals
- Renter base expansion: 3‑mile household growth outlook supports occupancy stability
- Risks: amenity density is mixed and safety metrics trail national averages—underwrite operations and security accordingly