| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 61st | Best |
| Demographics | 84th | Best |
| Amenities | 13th | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 5473 Beechmont Ave, Cincinnati, OH, 45230, US |
| Region / Metro | Cincinnati |
| Year of Construction | 1972 |
| Units | 40 |
| Transaction Date | 2005-09-01 |
| Transaction Price | $818,400 |
| Buyer | THURNER INVESTMENTS LLC |
| Seller | THURNER GEORGE E |
5473 Beechmont Ave Cincinnati Multifamily Investment
Neighborhood occupancy trends are strong and durable, supporting stable leasing and pricing power, according to WDSuite’s CRE market data. A deep renter base in this inner-suburban pocket of Cincinnati reinforces day-to-day operations and lowers downtime risk.
This inner-suburban Cincinnati location scores an A- neighborhood rating and sits Top quartile among 611 metro neighborhoods on overall fundamentals, per WDSuite. Occupancy across the neighborhood is also Top quartile among 611 metro neighborhoods, which has historically supported collections and reduced turnover exposure for comparable multifamily assets.
Renter-occupied housing accounts for roughly 46.6% of units in the neighborhood, indicating a sizable tenant base for a 40-unit property. Median contract rents in the immediate area are mid-market by national standards, while the rent-to-income ratio (neighborhood-level) sits near the national middle, suggesting manageable affordability pressure and flexibility for disciplined revenue management.
Within a 3-mile radius, demographics show recent population growth with a rising household count and higher median incomes, expanding the pool of qualified renters. Forward-looking projections indicate modest population contraction alongside a notable increase in households, implying smaller household sizes and steady demand for rental housing that can support occupancy stability.
Amenity density inside the neighborhood footprint is limited for cafes, groceries, parks, and restaurants; however, pharmacy access is comparatively strong (above national average), which supports everyday convenience for residents. The asset’s 1972 vintage is older than the neighborhood’s average construction year (1986), pointing to potential value-add through targeted upgrades that can enhance competitive positioning versus newer stock.
Safety indicators for the neighborhood are mixed relative to regional and national benchmarks. Overall crime ranks near the metro middle (305 out of 611), and national percentiles indicate safety levels below the national average. For investors, this argues for pragmatic security measures and attentive property management to support retention.
Recent trend data show property offenses decreasing year over year, while violent offense measures have moved unfavorably in the latest reading. Interpreted conservatively, the trend underscores the value of active oversight, lighting and camera coverage, and strong resident screening to help sustain leasing stability.
Proximity to downtown Cincinnati’s employment core supports renter demand through commute convenience, with concentration in healthcare, consumer products, insurance, and financial services reflected below.
- Humana — healthcare services (5.9 miles)
- Procter & Gamble — consumer products (6.2 miles) — HQ
- Western & Southern Financial Group — insurance & financial services (6.2 miles) — HQ
- American Financial Group — insurance & financial services (6.3 miles) — HQ
- Hp — technology offices (6.3 miles)
5473 Beechmont Ave offers a 40-unit footprint with smaller average unit sizes, aligning with workforce-oriented demand and efficient layouts. Neighborhood occupancy trends are strong and Top quartile among 611 metro neighborhoods, and home values in this high-cost ownership context help sustain reliance on multifamily rentals, supporting pricing power and lease retention. According to CRE market data from WDSuite, the area’s rent-to-income and mid-market rent levels point to manageable affordability pressure for operators focused on steady revenue management.
The 1972 vintage is older than the neighborhood’s 1986 average, creating clear value-add angles through common-area modernization, in-unit finishes, and systems planning to differentiate versus newer supply. Within a 3-mile radius, recent growth in households alongside projections for smaller household sizes suggest a larger tenant base over time even as population projections soften, which can help support occupancy stability if management remains focused on retention and service.
- High neighborhood occupancy and deep renter concentration support stable leasing
- Older 1972 vintage enables value-add upgrades to enhance competitive position
- 3-mile household growth and income strength expand the qualified renter pool
- Proximity to core employers underpins demand and reduces commute friction
- Risks: amenity scarcity and below-average safety metrics call for active management and targeted CapEx