| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 43rd | Fair |
| Demographics | 41st | Fair |
| Amenities | 70th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 7025 Clovernook Ave, Cincinnati, OH, 45231, US |
| Region / Metro | Cincinnati |
| Year of Construction | 1981 |
| Units | 79 |
| Transaction Date | 2018-05-17 |
| Transaction Price | $12,550,000 |
| Buyer | Confidential |
| Seller | --- |
7025 Clovernook Ave Cincinnati 79-Unit Multifamily
Positioned in an inner-suburb corridor with strong everyday amenities and proximity to major employers, this asset targets durable renter demand and operational stability, according to WDSuite’s CRE market data.
The property sits in an Inner Suburb neighborhood of Cincinnati rated A- and ranked 151 out of 611 metro neighborhoods, placing it in the top quartile locally. Investors can underwrite to established fundamentals: a broad retail and service base, commuter access to core employment nodes, and a neighborhood rent-to-income profile that supports retention and leasing momentum.
Amenity access is a relative strength at the neighborhood level, with pharmacies and childcare centers ranking in high national percentiles and a solid showing for cafes and restaurants. Park access is limited immediately nearby, which may modestly reduce outdoor recreation appeal, while average school ratings trend low versus national peers—factors to consider when targeting family-oriented renter segments.
Neighborhood occupancy is below the national median, suggesting the need for disciplined leasing and renewal management; however, NOI per unit at the neighborhood level ranks among the highest in the metro, signaling that well-run properties can still perform competitively. Vintage context matters: the asset’s 1981 construction is newer than the neighborhood’s older housing stock (average vintage 1957), supporting relative competitiveness while leaving room for selective modernization to drive rent premiums.
Within a 3-mile radius, demographics indicate a stable base with slight population growth and a renter-occupied share around 40%, pointing to a meaningful tenant pool. Household incomes have been trending upward, and projected increases over the next five years, alongside gradual growth in households, are consistent with steady multifamily demand.
Safety indicators place the neighborhood below the metro median for safety and below the national median compared with neighborhoods nationwide. For investors, this calls for pragmatic operating measures—access control, lighting, and partnership with local public safety resources—when planning capex and resident-experience initiatives.
Trend direction is constructive: both property and violent offense rates have declined year over year, improving faster than many peer areas in the region and nationally. While these are neighborhood-level signals rather than property-specific guarantees, the downward trajectory can support marketing, retention, and reputation management over a multi-year hold.
Proximity to major corporate employers underpins workforce housing demand and commute convenience, including Procter & Gamble, Cincinnati Financial, Prudential Financial, Humana, and Kroger. This concentration supports leasing durability and renewal capture for well-managed multifamily assets.
- Procter & Gamble Co. — consumer products (2.45 miles)
- Cincinnati Financial — insurance (6.10 miles) — HQ
- Prudential Financial — financial services (6.21 miles)
- Humana — health insurance (7.49 miles)
- Kroger — grocery & consumer goods (7.97 miles) — HQ
This 79-unit, 1981-vintage asset combines inner-suburb convenience with access to a deep employment base. The neighborhood ranks in the top quartile among 611 Cincinnati metro neighborhoods, and amenity coverage is strong for daily needs. Neighborhood occupancy sits below national medians, so returns hinge on disciplined leasing and operational execution; however, neighborhood-level CRE performance shows strong NOI per unit and improving safety trends, supporting a case for stable operations with thoughtful management. Based on CRE market data from WDSuite, the location’s rent-to-income dynamics and proximity to anchor employers point to a durable renter pool.
The 1981 vintage is newer than much of the surrounding housing stock, which can enhance competitive positioning versus older properties while leaving room for targeted value-add—unit refreshes, common-area upgrades, and energy-efficiency improvements—to drive rent and retention without overreliance on outsized growth assumptions. Demographics within a 3-mile radius show modest population growth and a sizable renter base, reinforcing depth of demand across cycles.
- Inner-suburb location with strong daily amenities and top-quartile neighborhood ranking
- Access to major employers supports leasing durability and renewal capture
- 1981 vintage offers value-add and modernization upside versus older local stock
- Rent-to-income dynamics indicate pricing power with careful lease management
- Risks: below-median neighborhood occupancy, limited park access, and below-national-median safety necessitate focused operations