| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 44th | Fair |
| Demographics | 76th | Best |
| Amenities | 24th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 64 Gahl Ter, Cincinnati, OH, 45215, US |
| Region / Metro | Cincinnati |
| Year of Construction | 1988 |
| Units | 72 |
| Transaction Date | 2012-03-01 |
| Transaction Price | $3,150,000 |
| Buyer | GAHL PROPERTIES LLC |
| Seller | GAHL TERRACE APARTMENTS |
64 Gahl Ter Cincinnati Multifamily Investment
Neighborhood occupancy trends sit at the top of the Cincinnati metro, supporting stable renter demand according to WDSuite's CRE market data. This positioning favors consistent leasing performance for a 72-unit asset when underwritten with conservative assumptions.
Located in an inner-suburb pocket of Cincinnati (Hamilton County), the neighborhood is rated B+ and ranks 212 among 611 metro neighborhoods, indicating performance above the metro median. Restaurants are present at a moderate level, while pharmacies are comparatively accessible (top quartile nationally). Cafes, parks, grocery stores, and childcare options are thinner nearby, so residents may rely on adjacent submarkets for certain amenities.
Neighborhood occupancy is measured for the neighborhood — not the property — and is currently at the top of the metro (ranked 1 of 611), a signal that supports lease-up and retention strategies. Renter-occupied housing accounts for roughly two-fifths of units locally, pointing to a meaningful tenant base without oversaturation; this balance generally supports demand depth for multifamily while limiting extreme turnover risk.
Demographic statistics aggregated within a 3-mile radius show population and households have grown in recent years and are projected to continue expanding by 2028, implying a larger tenant base over time. Household incomes skew higher than many U.S. neighborhoods (nationally above median), and rent-to-income levels remain manageable, which can aid collections and renewal probability. The area's share of adults with a bachelor's degree sits in the top quartile nationally, suggesting durable white-collar demand drivers.
Home values are lower than many U.S. neighborhoods, which can introduce some competition from entry-level ownership. For investors, this implies steady rental appeal for well-managed, appropriately priced units, with pricing power driven by property quality, renovations, and community features more than by extreme ownership cost pressures.
The property's 1988 vintage is newer than the neighborhood's older housing stock (average construction year skews mid-20th century). That positioning can be competitive versus aging comparables, while still leaving room for targeted modernization and value-add scopes in interiors, common areas, and building systems as part of capital planning informed by multifamily property research from WDSuite.
Safety indicators are mixed but improving in key areas. The neighborhood's overall crime rank sits near the metro middle (ranked 209 among 611 Cincinnati neighborhoods), aligning roughly with the national middle. Property offenses have improved materially year over year compared with neighborhoods nationwide, a constructive sign for asset operations. Violent offense readings track below the national middle, so standard on-site security, lighting, and community engagement remain prudent.
In comparative terms, the area is competitive among Cincinnati neighborhoods on property-crime improvement while overall conditions remain around average. As with most metros, block-level variation exists; investors should pair WDSuite neighborhood data with site inspections and operating protocols to support resident satisfaction and retention.
The submarket benefits from a diversified set of nearby corporate offices that underpin renter demand via commute convenience and stable white-collar employment. Notable employers include Kroger DCIC, Prudential Financial, Procter & Gamble, Humana Pharmacy Solutions, and AK Steel Holding.
- Kroger DCIC — corporate offices (2.5 miles)
- Prudential Financial — corporate offices (2.6 miles)
- Procter & Gamble Co. — corporate offices (4.4 miles)
- Humana Pharmacy Solutions — corporate offices (5.5 miles)
- AK Steel Holding — corporate offices (6.8 miles) — HQ
64 Gahl Ter offers scale at 72 units with an average unit size of 929 square feet, positioned in a B+ inner-suburban neighborhood where occupancy is at the top of the metro. Based on CRE market data from WDSuite, the neighborhood's renter concentration and income profile support a stable tenant base, while the property's 1988 vintage can compete well against older stock with targeted upgrades to enhance rentability and retention.
Within a 3-mile radius, recent and projected population and household growth point to a gradually expanding renter pool, while proximity to major employers supports weekday occupancy and renewal prospects. Ownership costs are relatively accessible in this region, which can increase competition from entry-level buying; underwriting should emphasize product differentiation, resident experience, and operational efficiency to sustain pricing power.
- Metro-leading neighborhood occupancy supports leasing stability and renewal potential.
- 1988 vintage offers value-add pathways to outperform older comparables.
- Expanding 3-mile renter base and nearby employers reinforce demand depth.
- Manageable rent-to-income levels aid collections and retention strategy.
- Risk: relatively accessible ownership options can compete with rentals; focus on quality, amenity set, and service to maintain pricing.