| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 42nd | Fair |
| Demographics | 35th | Poor |
| Amenities | 30th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 4724 Glenway Ave, Cincinnati, OH, 45238, US |
| Region / Metro | Cincinnati |
| Year of Construction | 1972 |
| Units | 36 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
4724 Glenway Ave, Cincinnati Value-Add Multifamily
Neighborhood fundamentals indicate steady renter demand and generally stable occupancy in recent years, according to WDSuite s CRE market data. For investors, this location offers workforce housing dynamics with room to enhance operations and finish quality over time.
Located in Cincinnati s Inner Suburb fabric, the surrounding neighborhood carries a B- rating and sits around the middle of the metro pack (ranked 339 out of 611 neighborhoods). For multifamily investors, this points to balanced baseline demand rather than a purely cyclical or speculative story.
Renter-occupied housing accounts for a meaningful share of local units, placing the neighborhood in the top quartile among 611 metro neighborhoods and around the 80th percentile nationally for renter concentration. That depth of the tenant base supports leasing velocity and ongoing demand for professionally managed apartments.
Amenity access is mixed. Caf e9 and pharmacy density ranks near the top of the metro and around the 95th percentile nationally, while parks, grocery, and childcare options are limited within the neighborhood footprint. School ratings trend below national norms, which can matter for family-oriented product but is less determinative for smaller-format units.
Median contract rents in the neighborhood sit near the national middle, and occupancy has been relatively stable over the past five years. The property s 1972 vintage is newer than the area s average construction year of 1960, suggesting competitive positioning versus older housing stock, while also signaling routine capital planning for aging systems and value-add modernization potential.
Demographic statistics are aggregated within a 3-mile radius. Population and household counts have grown modestly in recent years, with forecasts pointing to further increases through the mid-term. Expected gains in households and incomes imply a larger tenant base and support for sustained renter demand and pricing power, particularly for well-managed, refreshed units.
Home values in the area are below national medians, and the value-to-income landscape is moderate. In practice, ownership is relatively accessible for some households, which can create competition at the margin; however, professionally managed rentals that deliver convenience and updated finishes tend to maintain retention and leasing stability.
Safety indicators should be underwritten thoughtfully. The neighborhood s crime profile trends weaker than many areas nationally (violent and property offense percentiles are low nationwide), signaling higher reported crime relative to national benchmarks. Within the Cincinnati metro, rankings fall in the mid range when compared with 611 neighborhoods.
Investors commonly address this with practical measures such as lighting, access control, and screening protocols, and by aligning marketing to workforce renters seeking convenient commutes. Monitoring year-over-year trends and coordinating with local resources can help maintain tenant satisfaction and leasing stability over time.
Proximity to major corporate employers supports workforce housing demand and commute convenience, notably across retail, banking, consumer goods, and insurance. The nearest anchors include Kroger, Macy s, Fifth Third Bancorp, HP, and American Financial Group.
- Kroger d corporate offices (4.4 miles) d HQ
- Macy's d corporate offices (4.4 miles) d HQ
- Fifth Third Bancorp d banking (4.6 miles) d HQ
- Hp d technology offices (4.7 miles)
- American Financial Group d insurance (4.8 miles) d HQ
This 36-unit, smaller-format property offers exposure to a renter-heavy submarket with stable neighborhood occupancy and mid-market rent positioning. Based on CRE market data from WDSuite, the area exhibits consistent renter demand supported by nearby employment nodes and service amenities, while leaving room to create differentiation through renovations and operational execution.
The 1972 vintage is newer than much of the surrounding housing stock, indicating competitive footing versus older assets and a clear pathway for value-add modernization to lift rents and retention. Three-mile radius demographics point to expanding households and incomes over the forecast window, which supports a larger tenant base and sustained leasing performance, provided underwriting accounts for safety, school quality, and localized retail gaps.
- Renter-heavy neighborhood supports demand depth and leasing stability
- 1972 vintage creates value-add and modernization upside versus older stock
- Nearby corporate anchors underpin workforce renter demand
- Forecast household and income growth expand the local renter pool
- Risks: below-average safety and school ratings; limited parks/grocery require targeted operations