| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 51st | Good |
| Demographics | 58th | Good |
| Amenities | 37th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 5843 Harrison Ave, Cincinnati, OH, 45248, US |
| Region / Metro | Cincinnati |
| Year of Construction | 1988 |
| Units | 33 |
| Transaction Date | 2014-03-25 |
| Transaction Price | $50,000 |
| Buyer | V & G RACK CO |
| Seller | RACK DALE |
5843 Harrison Ave Cincinnati Multifamily Investment
Investor-friendly submarket with historically strong neighborhood occupancy and steady renter demand, according to WDSuite’s CRE market data. The area’s mid-range rents and suburban fundamentals support lease stability without relying on premium pricing.
This suburban Cincinnati neighborhood rates B+ and is competitive among 611 metro neighborhoods, offering everyday conveniences and a stable housing base. Neighborhood occupancy trends sit in the top quartile nationally, which supports income durability for well-managed assets.
Amenity access is balanced: cafe and grocery density score in the top quartile nationally, while parks and pharmacies are limited locally. For investors, that mix points to solid day-to-day livability that can help retention, with potential upside from targeted on-site amenities.
Tenure skews owner-heavy at the neighborhood level, indicating a thinner but dependable renter-occupied segment. Within a 3-mile radius, population and households show recent growth with further increases projected, signaling a larger tenant base and supporting occupancy over the medium term.
Home values sit in a mid-range context for the metro, and the value-to-income and rent-to-income profiles indicate manageable affordability pressure for renters. That combination can aid renewals and reduce turnover risk, while leaving room for disciplined, renovation-driven rent positioning.
Safety metrics trend below national norms, with this neighborhood ranking in the weaker half of Cincinnati’s 611 tracked areas. Property and violent offense benchmarks sit in lower national percentiles, suggesting investors should underwrite appropriate security measures and tenant-experience practices.
Recent data also indicate a year-over-year uptick in violent offense rates. Prudent asset management—lighting, access controls, and resident engagement—can help mitigate risk and support retention relative to comparable locations.
Nearby corporate anchors provide a diverse employment base that supports commuter convenience and multifamily renter demand, including consumer goods, grocery, retail, banking, and health insurance employers listed below.
- Procter & Gamble Co. — consumer goods (7.5 miles)
- Kroger — grocery (8.3 miles) — HQ
- Macy's — retail (8.4 miles) — HQ
- Fifth Third Bancorp — banking (8.6 miles) — HQ
- Humana — health insurance (8.6 miles)
5843 Harrison Ave offers a 33-unit footprint in a suburban Cincinnati neighborhood where occupancy trends rank in the top quartile nationally, supporting cash-flow stability for well-operated assets. The surrounding 3-mile area shows population growth with further household expansion projected, pointing to a larger renter base and sustained leasing momentum. According to CRE market data from WDSuite, rents sit around the metro mid-range, and rent-to-income dynamics suggest manageable affordability pressure that can aid renewals.
Built in 1988, the asset may benefit from targeted value-add—interior updates and selective system modernization—to improve competitive positioning against newer stock while protecting operating margins. Ownership remains prevalent locally, which can moderate the depth of the renter pool, but steady employment access and day-to-day amenity convenience help underpin demand and reduce vacancy risk when management executes well.
- Top-quartile neighborhood occupancy supports income stability
- 3-mile population and household growth expand the tenant base
- Mid-range rents and favorable rent-to-income bolster retention
- 1988 vintage offers renovation and operational upside
- Risks: owner-heavy tenure and below-average safety require prudent underwriting