| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 42nd | Fair |
| Demographics | 35th | Poor |
| Amenities | 30th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 4674 Rapid Run Rd, Cincinnati, OH, 45238, US |
| Region / Metro | Cincinnati |
| Year of Construction | 1976 |
| Units | 24 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
4674 Rapid Run Rd Cincinnati 24-Unit Multifamily
Stabilized renter demand in the surrounding neighborhood and workforce access position this 24-unit asset for dependable operations, according to WDSuite’s CRE market data. Neighborhood occupancy trends in the high-80s suggest steady leasing, with upside from targeted renovations.
Located in Cincinnati’s inner-suburban west side, the property benefits from everyday amenities and proximity to major employment nodes while retaining neighborhood-scale living. WDSuite indicates the neighborhood is competitive among 611 Cincinnati metro neighborhoods for overall amenities, with especially strong density of cafes and pharmacies compared with the metro and many U.S. submarkets. However, limited park, grocery, and childcare options locally may shift more errands and recreation to nearby districts.
Neighborhood housing fundamentals show occupancy around the upper-80% range, pointing to stable but not overheated leasing conditions. Median contract rents in the neighborhood sit near metro middle tiers, and the rent-to-income ratio indicates manageable affordability pressure for typical renters—factors that can support retention and reduce downtime between turns. The local renter-occupied share of housing units is around two-fifths, signaling a meaningful tenant base for smaller multifamily assets. These metrics describe the neighborhood context, not this specific property’s performance.
Demographic statistics aggregated within a 3-mile radius show recent population and household growth, with WDSuite projecting further gains through the middle of the decade. A rising household count and roughly even owner/renter split in this radius point to a broadening renter pool that can support occupancy stability over time. For investors, that combination suggests resilient demand for studios and smaller floor plans, aligning with the property’s average unit size.
Built in 1976, the asset is newer than the neighborhood’s average vintage. That positioning can be competitively favorable versus older stock, while still warranting capital planning for building systems and value-add interior refreshes to drive rent premiums and enhance leasing velocity.
Safety metrics in the immediate neighborhood trend below metro averages, based on WDSuite data. Within the Cincinnati metro, the neighborhood’s crime rank sits in the lower half when compared against 611 neighborhoods, indicating relatively higher reported incidents than many peers. Nationally, the neighborhood falls in lower percentiles for safety, so prudent security measures and active property management remain important underwriting considerations.
Recent year data show an uptick in violent incident rates and a modest increase in property-related offenses. While conditions can vary block-to-block, investors should underwrite to current trends and consider measures that support resident comfort—such as lighting, access control, and partnerships with neighborhood resources—while monitoring how the area performs relative to the broader Cincinnati region.
The area draws from a deep employment base in downtown and uptown Cincinnati, supporting renter demand through short commutes to corporate headquarters and office cores. The following nearby employers anchor white-collar jobs that can aid leasing stability for workforce-oriented properties.
- Kroger — corporate offices (4.3 miles) — HQ
- Macy's — corporate offices (4.4 miles) — HQ
- Fifth Third Bancorp — banking HQ & offices (4.5 miles) — HQ
- Hp — technology offices (4.7 miles)
- American Financial Group — insurance & financial services (4.8 miles) — HQ
4674 Rapid Run Rd offers a 24-unit footprint with smaller average floor plans that align with steady neighborhood renter demand and accessible price points. The surrounding area shows high-80s neighborhood occupancy and mid-tier rent levels, which, according to CRE market data from WDSuite, are consistent with stable leasing and manageable affordability pressure. Proximity to multiple corporate headquarters expands the tenant base beyond the immediate neighborhood.
Constructed in 1976, the property is newer than the area’s average vintage, suggesting competitive positioning against older buildings while still presenting value-add potential through system upgrades and interior renovations. Investor focus points include below-metro safety readings and basic neighborhood amenities (with limited parks and groceries nearby), balanced by strong access to employment cores and projected growth in the 3-mile renter pool that can support occupancy and rent optimization over the hold period.
- Neighborhood leasing trends and mid-tier rents support steady occupancy and retention
- 1976 vintage offers value-add potential alongside competitive positioning versus older stock
- Access to major Cincinnati employers broadens the renter pool and supports leasing velocity
- 3-mile demographic growth points to a larger tenant base over the next few years
- Risks: below-metro safety metrics and limited nearby parks/groceries warrant conservative underwriting