| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 44th | Fair |
| Demographics | 56th | Good |
| Amenities | 8th | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 5566 Hillside Ave, Cincinnati, OH, 45233, US |
| Region / Metro | Cincinnati |
| Year of Construction | 1975 |
| Units | 73 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
5566 Hillside Ave Cincinnati Value-Add Multifamily
Neighborhood occupancy is competitive among Cincinnati submarkets and rents skew lower, supporting retention and incremental pricing, according to CRE market data from WDSuite. The immediate area’s renter base is thinner but growing nearby, positioning this asset for steady demand with a value-add plan.
The property sits in a suburban Cincinnati neighborhood rated C+ where occupancy is competitive among the metro’s 611 neighborhoods and in the top quartile nationally for stability. Rents in the neighborhood trend on the lower side versus national peers, which can support lease retention and gradual rent steps for well-managed assets.
Local amenities within the neighborhood are limited (few cafes, groceries, parks), so residents typically rely on nearby commercial corridors for daily needs. That car-oriented pattern can favor workforce renters who prioritize space and price over walkability, but it reduces walk-to-retail convenience.
Household incomes benchmark above national norms for similar neighborhoods, indicating capacity to absorb modest rent growth without outsized affordability pressure. Home values are moderate in context, which can introduce some competition from ownership; however, the low rent-to-income ratio supports tenant retention and measured pricing power.
Within a 3-mile radius, demographics point to a larger tenant base over time: recent population and household increases are projected to continue, and the renter-occupied share is expected to rise from roughly the high-teens toward about one-fifth. This expansion should aid leasing velocity and support occupancy, based on multifamily property research from WDSuite.
Safety indicators are comparatively solid versus the metro: the neighborhood ranks in the safer tier (160 out of 611), placing it above the Cincinnati metro median. Nationally, overall crime benchmarks slightly safer than average, with property offenses tracking in a stronger (safer) band relative to neighborhoods nationwide.
Recent one-year trends show property offenses easing while violent offense metrics have been more volatile. Investors should monitor updated neighborhood-level data and management practices, using trend comparisons rather than block-level assumptions.
Proximity to core Cincinnati employers underpins renter demand, with convenient commutes to utilities, retail headquarters, banking, and consumer goods offices that can support leasing stability for workforce and professional tenants.
- Duke Energy — utilities (4.5 miles)
- Macy's — retail HQ (8.1 miles) — HQ
- Kroger — grocery retail HQ (8.1 miles) — HQ
- Fifth Third Bancorp — banking (8.2 miles) — HQ
- Procter & Gamble — consumer goods (8.6 miles) — HQ
Built in 1975, the 73-unit asset offers clear value-add potential: interiors and systems are likely due for modernization, creating an avenue to capture rent steps while staying competitive against newer stock. Neighborhood occupancy is strong relative to the metro and top quartile nationally, and low rent-to-income levels suggest room for measured growth without elevating retention risk, based on CRE market data from WDSuite.
Investor demand is further supported by 3-mile demographics showing recent gains and projected growth in both population and households, with the renter-occupied share expected to edge higher—expanding the tenant base and aiding lease-up and renewal stability. Key risks to underwrite include limited neighborhood amenities (car reliance), accessible ownership alternatives that can compete with renting, and recent volatility in violent offense trends.
- 1975 vintage supports value-add through renovation and system upgrades
- Competitive neighborhood occupancy with nationally strong stability profile
- Low rent-to-income levels provide headroom for disciplined rent growth
- 3-mile population and household growth expands the tenant base
- Risks: limited nearby amenities, ownership competition, safety trend volatility