| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 32nd | Poor |
| Demographics | 28th | Poor |
| Amenities | 11th | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 3710 Westmont Dr, Cincinnati, OH, 45205, US |
| Region / Metro | Cincinnati |
| Year of Construction | 1993 |
| Units | 25 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
3710 Westmont Dr Cincinnati Multifamily Opportunity
Neighborhood renter concentration is high and occupancy has trended upward over the past five years, according to commercial real estate analysis from WDSuite. For investors, that points to a durable tenant base with potential to stabilize income through asset and operations execution.
This Inner Suburb pocket of Cincinnati shows renter-occupied housing concentration of 64.7% at the neighborhood level, indicating a broad tenant base that can support leasing velocity and renewal depth. Neighborhood occupancy is 87.8% and has improved over the last five years, based on WDSuite s CRE market data. Restaurant density is competitive among Cincinnati neighborhoods (rank 168 out of 611), while everyday retail like groceries, childcare, parks, and pharmacies is limited within the immediate area.
The property s construction year is 1993, notably newer than the neighborhood s average vintage (1933). That relative youth can improve competitive positioning versus older stock, though investors should still plan for modernization of systems and interiors as appropriate for a 1990s asset.
Demographic indicators aggregated within a 3-mile radius point to gradual population and household growth, with projections through 2028 indicating further expansion and a slight decrease in average household size. For multifamily investors, that trend supports a larger renter pool and helps underpin occupancy stability.
Home values in the area are lower relative to national norms, which can introduce some competition from ownership options. At the same time, median rent levels and a rent-to-income ratio near the neighborhood s posted 0.26 suggest manageable affordability pressure, emphasizing thoughtful lease management and resident retention strategies.
Local school ratings are on the lower end of the spectrum, and the overall neighborhood rating sits below the metro median (rank 581 of 611). These factors should be weighed alongside employment access and relative housing cost advantages when calibrating rent positioning and value-add scope.
Safety performance is mixed and should be assessed as part of underwriting. The neighborhood s placement is below the metro median on crime (rank 325 out of 611), and it sits in lower national percentiles for safety. That said, property-related offenses show a year-over-year decline, indicating some recent improvement, while violent offense measures remain elevated versus national norms.
Investors typically address this profile with pragmatic measures such as lighting, access control, and community engagement, and by aligning rent strategy with the area s workforce housing demand. Always confirm trends with current comps and management intel during due diligence.
Proximity to large employers underpins renter demand, with short commutes to headquarters and major offices that support workforce housing. The nearby base includes Kroger, Macy s, Fifth Third Bancorp, HP, and Procter & Gamble.
- Kroger corporate offices (3.2 miles) HQ
- Macy's corporate offices (3.3 miles) HQ
- Fifth Third Bancorp banking headquarters (3.5 miles) HQ
- HP technology offices (3.6 miles)
- Procter & Gamble consumer goods headquarters (3.8 miles) HQ
3710 Westmont Dr offers a smaller-unit profile that can appeal to cost-conscious renters, supported by a high neighborhood renter concentration and improving occupancy. The 1993 vintage is newer than much of the surrounding stock, which may reduce near-term structural obsolescence versus prewar assets while still leaving room for targeted value-add. According to CRE market data from WDSuite, neighborhood occupancy has improved over the past five years, and a competitive restaurant presence offsets limited everyday retail in the immediate area.
Within a 3-mile radius, modest population and household growth with projections for further expansion through 2028 point to gradual renter pool expansion. Lower ownership costs versus national norms can create some competition with for-sale housing, but the concentration of nearby HQ employers helps support demand and retention for well-managed, workforce-oriented multifamily.
- High renter concentration supports depth of tenant demand and renewal prospects.
- 1993 construction offers competitive positioning versus older neighborhood stock with selective renovation upside.
- Short commutes to multiple Fortune 500 headquarters bolster leasing stability.
- Directional growth in 3-mile population and households supports occupancy continuity over time.
- Risks: limited neighborhood amenities, below-metro safety placement, and potential competition from more accessible ownership options.