| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 43rd | Fair |
| Demographics | 41st | Fair |
| Amenities | 70th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 7115 Hamilton Ave, Cincinnati, OH, 45231, US |
| Region / Metro | Cincinnati |
| Year of Construction | 1981 |
| Units | 22 |
| Transaction Date | 2005-03-15 |
| Transaction Price | $670,000 |
| Buyer | HARRISON THOMAS C |
| Seller | BARDACH ROBERT |
7115 Hamilton Ave Cincinnati 22-Unit Value-Add
Positioned in an inner-suburban pocket with a meaningful renter base, the property benefits from steady local demand and improving crime trends, according to WDSuite’s CRE market data. Occupancy in the neighborhood and moderate rent-to-income dynamics point to pragmatic rent growth management rather than aggressive pushes.
This inner-suburb location in Cincinnati offers everyday convenience for residents, with strong access to pharmacies and childcare and a solid mix of cafes and restaurants nearby. Amenity density ranks competitively within the metro (611 neighborhoods), and national percentiles indicate above-average access for daily needs, supporting leasing appeal for workforce tenants.
Renter-occupied share in the neighborhood is approximately one-third of housing units, indicating a meaningful tenant base and stable demand for smaller formats like the property’s average unit size. Compared with many U.S. neighborhoods, this renter concentration sits in a higher national percentile, reinforcing depth of demand for multifamily product and potential retention benefits during turns.
Within a 3-mile radius, WDSuite data shows modest population growth over the last five years and a projected increase in both population and households over the next five, which should expand the local renter pool and support occupancy stability. Household incomes have trended upward, while median contract rents in the area are still accessible relative to incomes, a combination that can underpin leasing velocity without overextending affordability.
The metro-level neighborhood rating is A- (151 of 611), with NOI per unit metrics ranking in the top tier regionally and nationally, signaling attractive income performance at the neighborhood level. Home values in the immediate area are lower than national norms, which can introduce some competition from ownership; however, for investors, the high-cost-to-value ratio in many other submarkets can direct rent-reliant households to more accessible rental options here, supporting durable tenant demand informed by commercial real estate analysis from WDSuite.
The property’s 1981 construction is newer than the neighborhood’s average vintage. That positioning can be competitive versus older stock locally, though investors should still plan for targeted system upgrades and interior modernization to capture value-add upside and align with renter expectations.
Neighborhood safety metrics are mixed but improving. Compared with neighborhoods nationwide, safety levels sit below the national median (national percentile in the low-40s), yet recent trends show material declines in both property and violent offense rates year over year, according to CRE market data from WDSuite. These directional improvements can support leasing confidence while warranting continued monitoring as part of risk management.
Proximity to major corporate offices supports workforce housing demand and commute convenience for residents. Key employers include Procter & Gamble, Cincinnati Financial, Prudential Financial, Duke Energy, and Humana.
- Procter & Gamble Co. — consumer goods (3.0 miles)
- Cincinnati Financial — insurance (6.0 miles) — HQ
- Prudential Financial — financial services (6.6 miles)
- Duke Energy — utilities (7.8 miles)
- Humana — healthcare services (7.9 miles)
This 22-unit, 1981-vintage asset in Cincinnati’s inner suburbs aligns with workforce demand drivers: a meaningful share of renter-occupied housing at the neighborhood level, accessible rents relative to incomes, and improving safety trends. Based on CRE market data from WDSuite, amenity access is above average and neighborhood income performance is strong, supporting leasing fundamentals for smaller-format units while allowing for measured rent optimization.
The vintage is newer than the neighborhood average, suggesting a competitive edge versus older stock, with targeted capital plans (systems, interiors, curb appeal) offering value-add potential. Within a 3-mile radius, population and household projections signal a larger tenant base ahead, which can support occupancy stability and pricing power if updates align with renter preferences.
- Inner-suburb location with amenity access that supports leasing velocity
- Renter concentration and upward income trends indicate depth for workforce demand
- 1981 vintage offers value-add upside via targeted renovations and system upgrades
- Nearby corporate employers underpin tenant retention through commute convenience
- Risk: Lower national safety percentile and accessible ownership costs require disciplined leasing and asset management