| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 46th | Fair |
| Demographics | 58th | Good |
| Amenities | 50th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 7008 Ohio Ave, Cincinnati, OH, 45236, US |
| Region / Metro | Cincinnati |
| Year of Construction | 1988 |
| Units | 96 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
7008 Ohio Ave Cincinnati Inner-Suburb Multifamily Investment
Neighborhood occupancy is about 90% with a renter-occupied share near half of units—supportive for tenant demand, according to CRE market data from WDSuite. These are neighborhood-level indicators, not property performance, but they point to steady leasing conditions in this inner-suburban pocket.
Positioned in an Inner Suburb of Cincinnati (neighborhood rating: B+), the area offers everyday convenience with pharmacies and groceries scoring in the low-80s and high-60s national percentiles, while cafes and restaurants also compare well (mid-80s and mid-60s). Park and childcare access are limited in this micro-area, which may influence family-oriented demand profiles.
Relative to the Cincinnati metro’s 611 neighborhoods, amenity concentration is competitive among Cincinnati neighborhoods, and cafe density performs in the top quartile among 611 metro neighborhoods (rank 45 of 611). School quality trends below many peers (average rating near the 15th percentile nationally), which can tilt the resident mix toward renters less sensitive to school districts.
Rents in the immediate neighborhood benchmark below many U.S. areas (around the 34th national percentile), while the rent-to-income ratio also sits below the national midpoint. For investors, that combination suggests manageable affordability pressure that can support retention, with selective pricing power driven by amenity access and proximity to job centers.
Demographic trends aggregated within a 3-mile radius show population and household growth over the last five years, with additional increases forecast by 2028. Rising incomes within the same radius and a renter pool that expands alongside household growth point to a larger tenant base and support for occupancy stability over time.
Vintage matters here: the property was built in 1988, newer than much of the surrounding housing stock (neighborhood average vintage is 1949). That relative youth can be a competitive edge versus older product, though investors should still plan for modernization and systems updates consistent with a late-1980s asset.
Safety indicators for this neighborhood sit below the metro average among 611 Cincinnati neighborhoods and below the national midpoint. Recent momentum is constructive: estimated property offenses declined sharply year over year and violent offenses also trended down, indicating improving conditions versus the prior period.
All figures are neighborhood-level, not property-specific. Investors typically read this pattern as mixed but improving—ongoing monitoring and pragmatic on-site security measures can help sustain tenant retention as conditions evolve.
Nearby employers span retail/consumer goods and healthcare, supporting a diverse workforce and commute convenience that can bolster renter demand. The list below includes Kroger DCIC, Prudential Financial, Procter & Gamble Co., Humana, and Humana Pharmacy Solutions.
- Kroger DCIC — retail/consumer distribution (3.2 miles)
- Prudential Financial — financial services (5.2 miles)
- Procter & Gamble Co. — consumer goods offices (5.5 miles)
- Humana — healthcare services (7.5 miles)
- Humana Pharmacy Solutions — pharmacy/benefits services (7.9 miles)
This 96-unit, 1988-vintage asset sits in an inner-suburban Cincinnati neighborhood where renter-occupied housing approaches half of units and neighborhood occupancy trends near 90%. According to CRE market data from WDSuite, local rents benchmark below the national midpoint while rent-to-income ratios are also moderate, supporting retention with room for targeted value-add repositioning.
Demand fundamentals are reinforced by 3-mile radius growth in households and incomes, plus proximity to diversified employers. The asset’s vintage is newer than much of the neighborhood stock, aiding competitiveness versus older properties, though investors should underwrite for modernization and ongoing system updates typical for late-1980s construction.
- Inner-suburb location with steady neighborhood occupancy and sizable renter base
- Rents below national midpoint and manageable rent-to-income ratios support retention
- 1988 vintage is newer than area average, offering competitive positioning with value-add upside
- Diverse nearby employers underpin leasing stability and reduce commute frictions
- Risks: below-median school ratings, limited parks/childcare, and safety that trails metro averages