| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 59th | Best |
| Demographics | 65th | Good |
| Amenities | 46th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 4855 Ridge Ave, Cincinnati, OH, 45209, US |
| Region / Metro | Cincinnati |
| Year of Construction | 1998 |
| Units | 51 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
4855 Ridge Ave, Cincinnati Multifamily Investment Opportunity
Neighborhood multifamily occupancy is strong and renter demand is deep in this inner-suburban pocket of Cincinnati, according to WDSuite’s CRE market data. Stability, proximity to large employers, and newer-than-area stock frame a straightforward income thesis with measured value-add potential.
The property sits in an Inner Suburb neighborhood rated A and ranked 51 out of 611 Cincinnati metro neighborhoods — a top quartile location that typically supports leasing stability. Neighborhood occupancy runs high at the area level (measured for the neighborhood, not this property), and the renter-occupied share is elevated, signaling a sizable tenant base for multifamily.
Everyday convenience is a local strength: grocery access is dense for the metro and competitive nationally, with a healthy cluster of restaurants and cafes nearby. By contrast, public parks and childcare options are limited in the immediate neighborhood, which may modestly narrow appeal for some family households. Average school ratings in the area are lower than many Cincinnati peers, an item to underwrite for tenant mix and marketing.
At the neighborhood level, median contract rents sit above many U.S. peers while the rent-to-income profile indicates manageable affordability pressure, which can aid retention and reduce turnover risk for operators. Median home values in the area remain moderate relative to higher-cost metros, which can sustain reliance on rental housing and preserve depth of demand across price points.
Within a 3-mile radius, the population base is sizable and household counts are projected to grow alongside a gradual decline in average household size over the next five years. That combination points to a larger pool of households — including more one- and two-person renters — supporting absorption and occupancy at professionally managed properties.
Built in 1998, the asset is materially newer than the neighborhood’s mid-century housing stock. That vintage can be competitively positioned against older comparables while still offering scope for targeted modernization and systems updates to drive rent premiums and operating efficiency.
Neighborhood safety indicators benchmark below the metro median and fall in a low national percentile, indicating crime levels that are higher than many U.S. neighborhoods. This framing reflects neighborhood-level patterns rather than block-specific conditions.
Recent data show mixed signals: property offenses have edged down year over year, while violent offenses show a recent uptick. Investors typically address this profile through security measures, tenant screening, and insurance assumptions, and should compare trends against submarket peers across the Cincinnati metro.
Proximity to major employers helps support weekday demand and lease retention, with a concentration of corporate offices within 5–7 miles including Procter & Gamble, Humana, Kroger, and Fifth Third Bancorp.
- Procter & Gamble Co. — corporate offices (5.1 miles)
- Humana — healthcare insurance offices (5.2 miles)
- Procter & Gamble — consumer goods HQ (6.1 miles) — HQ
- Kroger — grocery retail HQ (6.3 miles) — HQ
- Fifth Third Bancorp — banking HQ (6.5 miles) — HQ
This 51-unit, 1998-vintage asset offers a practical income strategy anchored by a top quartile Cincinnati neighborhood where renter-occupied housing is prevalent and neighborhood occupancy trends are strong. Newer construction relative to the area’s predominantly mid-century stock provides a competitive baseline, with targeted interior and systems upgrades presenting value-add potential without full repositioning risk.
Local fundamentals include dense retail amenity coverage and proximity to several Fortune 500 headquarters, supporting weekday traffic and a diversified tenant base. According to CRE market data from WDSuite, the surrounding neighborhood’s rent levels and rent-to-income dynamics suggest manageable affordability pressure, which can aid renewal rates. Key underwriting considerations include neighborhood safety metrics and limited parks/childcare, both of which may affect marketing strategy and operating assumptions.
- Strong neighborhood occupancy and high renter concentration support demand durability
- 1998 construction out-competes older area stock; targeted renovations can unlock premiums
- Dense grocery and dining access plus nearby corporate employment nodes bolster leasing
- Manageable rent-to-income profile supports retention and pricing power at renewal
- Risks: below-median safety indicators and limited parks/childcare may narrow some demand