| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 46th | Fair |
| Demographics | 70th | Best |
| Amenities | 15th | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 6605 Beechmont Ave, Cincinnati, OH, 45230, US |
| Region / Metro | Cincinnati |
| Year of Construction | 1980 |
| Units | 65 |
| Transaction Date | 2004-12-01 |
| Transaction Price | $2,865,000 |
| Buyer | Intrepid Properties, LLC (et al) |
| Seller | Berkshire Apartments |
6605 Beechmont Ave Cincinnati Multifamily Investment
Neighborhood occupancy is strong and historically stable, supporting leasing durability for this 65-unit, 1980-vintage asset—according to WDSuite s CRE market data for the area. These occupancy and demand indicators reflect the surrounding neighborhood, not the property, and point to steady renter interest relative to broader Cincinnati.
Located in an Inner Suburb of Cincinnati, the area around 6605 Beechmont Ave shows a solid balance of demand drivers and livability characteristics for workforce and mid-market renters. Neighborhood occupancy trends sit in the top quartile nationally, indicating comparatively tight conditions at the neighborhood level rather than the property itself, which can support rent collections and reduce downtime between turns.
The neighborhood s amenity mix is uneven: cafe density is competitive among Cincinnati neighborhoods, while grocery, park, and pharmacy access ranks lower within the metro. For investors, this suggests residents likely rely on nearby commercial corridors for daily needs; leasing narratives can emphasize quick access to services along major arterials rather than immediate walk-to options.
Home values sit below national medians, and household incomes trend above the national midpoint, creating a high-cost-ownership alternative relative to local incomes that typically sustains multifamily demand without severely pressuring rent-to-income levels. WDSuite s commercial real estate analysis also indicates a renter concentration of roughly one-third of housing units at the neighborhood level, supporting a consistent tenant base for conventional apartments.
Demographic statistics aggregated within a 3-mile radius show recent population and household growth, with projections pointing to a continued increase in households alongside smaller average household sizes. For multifamily investors, that combination generally implies a larger tenant base and steady absorption potential for well-positioned units.
The 1980 construction is newer than the neighborhood s mid-century housing stock. That positioning can offer competitive advantage versus older properties, while still leaving room for targeted modernization (systems, interiors, and common areas) to capture value-add upside and improve leasing velocity.
Safety indicators for the neighborhood rank near the middle of Cincinnati s 611 neighborhoods and below the national median, based on WDSuite s data. In practical terms, investors should underwrite for standard security measures and thoughtful tenant-experience practices typical of inner-suburban submarkets.
Recent estimates indicate property and violent offense measures have seen upticks year over year at the neighborhood level. While the area remains comparable to many inner-ring locations, prudent planning for lighting, access control, and community engagement can help support retention and stabilize operations over a hold period.
Proximity to Cincinnati s core employers supports daily commute convenience and broad tenant demand, with a concentration of corporate offices roughly 7 miles away that can aid leasing stability for workforce and professional renters. The list below highlights key nearby employers that anchor the employment base relevant to this neighborhood.
- Humana corporate offices (6.98 miles)
- Procter & Gamble consumer goods HQ (7.08 miles) HQ
- Western & Southern Financial Group financial services (7.09 miles) HQ
- American Financial Group insurance (7.14 miles) HQ
- Duke Energy utilities (7.20 miles)
This 65-unit, 1980-vintage property sits in a neighborhood where occupancy is comparatively tight at the neighborhood level, supporting income durability and lower frictional vacancy for stabilized assets. According to CRE market data from WDSuite, the surrounding area ranks in the top quartile nationally for occupancy, while renter concentration near one-third of units signals a dependable tenant base. Newer vintage relative to the area s mid-century stock provides a competitive edge with clear value-add pathways through selective renovations and modernization.
Livability is anchored by access to major employment nodes roughly 7 miles away, coupled with household and population growth within a 3-mile radius that points to renter pool expansion. Amenity access within the immediate neighborhood is mixed, so positioning around ease of access to retail corridors and downtown jobs can support leasing. Underwriting should be mindful of safety trends and plan for routine security and operational enhancements to reinforce retention.
- Occupancy at the neighborhood level sits in the national top quartile, supporting stable collections and reduced downtime.
- 1980 vintage is newer than nearby stock, enabling value-add upgrades for competitive positioning.
- Commute access to major employers ~7 miles away underpins workforce renter demand and leasing depth.
- 3-mile household growth and smaller household sizes indicate a larger renter pool over time.
- Risks: mixed amenity access and below-national-median safety metrics warrant prudent security and marketing strategy.