| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 63rd | Best |
| Demographics | 50th | Fair |
| Amenities | 42nd | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 4855 Babson Pl, Cincinnati, OH, 45227, US |
| Region / Metro | Cincinnati |
| Year of Construction | 2008 |
| Units | 105 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
4855 Babson Pl Cincinnati Multifamily Investment
2008-vintage, 105-unit asset in an inner-suburban pocket with a high renter concentration and steady neighborhood occupancy, according to WDSuite s CRE market data. The newer construction relative to nearby housing stock positions the property competitively for retention and value-add programming.
Situated in Cincinnati s inner suburbs, the neighborhood ranks 130 out of 611 metro neighborhoods placing it in the top quartile among 611 metro neighborhoods. Neighborhood-level occupancy is resilient and sits above national midpoints, while a renter-occupied share near the top of national ranges (96th percentile) signals a deep tenant base for multifamily demand. Median rents benchmark in the upper national tier (around the 69th percentile), supporting revenue potential without relying on outsized lease-ups.
Vintage mix skews older locally (average year built 1927), so a 2008 property is newer than most competing stock a relative advantage for leasing and operating costs. That said, systems from this period may still require targeted modernization over the hold. Neighborhood NOI per unit performs in the top national tier (98th percentile), per commercial real estate analysis from WDSuite, suggesting strong operating fundamentals at the neighborhood level rather than at any single asset.
Livability features are mixed: restaurants, cafes, and childcare access score well versus national peers (roughly 77th 84th 90th percentiles), while immediate grocery, parks, and pharmacies are limited within the neighborhood boundary. Average school ratings trend below national norms, which may matter more for family-oriented unit mixes; investor leasing strategies can emphasize convenience and newer construction quality.
Within a 3-mile radius, demographics show stable-to-improving fundamentals for renter demand. Households have inched up historically and are projected to increase substantially over the next five years, pointing to a larger tenant base and support for occupancy stability. Population growth is expected to turn positive, and smaller household sizes imply continued demand for multifamily units. Elevated home value-to-income dynamics locally (upper national tier) reinforce renter reliance on multifamily housing, though higher rent-to-income ratios indicate affordability pressure to monitor for retention.
Safety trends should be contextualized at the neighborhood level. The area ranks 351 out of 611 metro neighborhoods, indicating safety is below the metro average and in a lower national percentile relative to neighborhoods nationwide. Recent data also shows a year-over-year increase in estimated violent offenses, while estimated property offenses have moved lower, signaling mixed momentum. Operators typically address this with lighting, access controls, and partnership with local community resources rather than relying on block-level assumptions.
Proximity to established employers helps underpin weekday traffic and leasing stability for workforce and professional tenants. Nearby companies include Humana, Kroger DCIC, Procter & Gamble Co., Procter & Gamble, and Western & Southern Financial Group.
- Humana healthcare services (5.7 miles)
- Kroger DCIC corporate offices (5.8 miles)
- Procter & Gamble Co. corporate offices (5.8 miles)
- Procter & Gamble consumer goods HQ (6.5 miles) HQ
- Western & Southern Financial Group insurance & financial services (6.6 miles) HQ
This 2008 multifamily asset stands out against an older competitive set, supporting leasing velocity and operating durability without requiring heavy repositioning at the outset. The neighborhood s renter-occupied share sits near the top of national ranges, and occupancy has been steady, indicating depth of demand and potential for consistent cash flow. According to CRE market data from WDSuite, neighborhood-level operating metrics screen favorably versus national peers, while nearby employment nodes add demand breadth.
Forward-looking drivers are constructive: within a 3-mile radius, households are projected to increase meaningfully over the next five years, expanding the renter pool and supporting occupancy stability. Elevated ownership costs in the area tend to sustain rental demand, though rent-to-income levels suggest prudent rent management to protect retention. As a 2008 vintage, the property should remain competitive versus older stock, with selective capital planning for mid-life systems and value-add features to drive incremental NOI.
- Newer 2008 vintage versus local average supports leasing and competitive positioning
- High renter-occupied share and steady neighborhood occupancy bolster demand depth
- Household growth within 3 miles points to a larger tenant base and occupancy stability
- Proximity to major employers underpins weekday traffic and leasing stability
- Risks: affordability pressure (rent-to-income), below-metro safety rankings, and limited immediate groceries/parks warrant active asset management