| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 68th | Best |
| Demographics | 82nd | Best |
| Amenities | 57th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 8303 Kenwood Rd, Cincinnati, OH, 45236, US |
| Region / Metro | Cincinnati |
| Year of Construction | 1974 |
| Units | 28 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
8303 Kenwood Rd Cincinnati Multifamily Investment
Positioned in a high-demand suburban pocket with steady renter demand and above-median neighborhood occupancy, this asset offers durable income potential, according to WDSuite’s CRE market data. The immediate area’s amenities and strong household incomes support leasing stability and retention.
The property sits in an A+ rated suburban neighborhood ranked 17 out of 611 Cincinnati metro neighborhoods — a position in the top quartile among 611 that signals strong overall fundamentals. Amenity access is a clear strength: restaurant and cafe density place the area in the top quartile nationally, supporting renter convenience and day-to-day livability that can aid renewal rates.
Neighborhood occupancy trends remain healthy and above metro median levels, indicating consistent depth of demand for rental units. The renter-occupied share of housing units is around one-third in the neighborhood, pointing to a sizable tenant base without oversaturation — a mix that can support pricing power while limiting volatility.
Within a 3-mile radius, demographics show a stable and expanding renter pool: households increased over the last five years and are projected to rise further, with forecasts indicating notable growth through 2028. Rising median and mean household incomes in this radius expand the qualified tenant base, which can support rent levels and reduce turnover risk. These statistics are aggregated within a 3-mile radius.
Homeownership costs in the neighborhood skew higher than many areas nationally, while the local rent-to-income relationship sits on the more manageable side. For investors, this combination tends to reinforce reliance on multifamily housing and can support lease retention, especially for well-maintained properties. At the same time, limited park and childcare amenities in the immediate neighborhood may temper family-oriented appeal and should be considered in positioning and amenity planning.
Vintage matters here: built in 1974, the property is slightly older than the neighborhood’s average construction year. That age profile points to potential capital expenditure planning and clear value-add or modernization opportunities to remain competitive against newer stock.
Safety indicators for the neighborhood track below metro and national benchmarks, with crime levels positioned on the less favorable side of Cincinnati’s 611-neighborhood landscape. Nationally, the area sits below the median for safety; however, recent data show a year-over-year decline in property offenses, suggesting some easing in non-violent incidents.
Investors typically underwrite for prudent security measures and operational practices in submarkets with mixed safety signals. Framing risk in comparative terms, the neighborhood is not among the top quartile for safety in the metro, but improving property-crime trends can support stability when paired with professional on-site management.
The location is proximate to a diversified employment base spanning retail logistics, financial services, consumer products, and healthcare benefits — a mix that supports workforce housing demand and commute convenience. Major nearby employers include Kroger DCIC, Prudential Financial, Procter & Gamble Co., Humana Pharmacy Solutions, and Anthem Inc.
- Kroger DCIC — retail logistics (2.3 miles)
- Prudential Financial — financial services (5.0 miles)
- Procter & Gamble Co. — consumer products offices (6.7 miles)
- Humana Pharmacy Solutions — healthcare & PBM (7.4 miles)
- Anthem Inc Mason Campus II — health insurance (8.1 miles)
This 28-unit asset offers exposure to a top-quartile Cincinnati neighborhood with healthy occupancy, strong household incomes, and amenity-driven livability that supports leasing velocity. Built in 1974, the property’s older vintage suggests clear value-add and capital planning opportunities to enhance competitiveness versus newer stock while capturing durable demand from a sizable renter-occupied housing base. According to CRE market data from WDSuite, neighborhood occupancy trends sit above the metro median, reinforcing the case for income stability with professional management.
Demand fundamentals extend beyond the immediate blocks: within a 3-mile radius, households have grown and are projected to expand further through 2028, indicating a larger tenant base over time. Elevated home values relative to many areas and a manageable rent-to-income profile suggest sustained reliance on multifamily housing and support for rent collections and retention. Investors should balance these strengths with practical considerations around age-related CapEx and selective safety underwriting.
- Top-quartile neighborhood ranking among 611 metro areas supports long-term fundamentals and leasing stability
- Above-median occupancy and strong amenities underpin demand and renewal potential
- 1974 vintage provides value-add and modernization upside with targeted CapEx
- 3-mile radius shows household growth and rising incomes, expanding the qualified renter pool
- Risks: older systems and mixed safety metrics warrant thoughtful underwriting and asset management